C It's not used in every European Union country. It's just used in some members: Austria, Belgium, Finland, Germany, Greece, Ireland, Italy,Spain etc. D It's the basic currency of the United Kingdom. It's used in UK. E It's the currency of the Russian Federation. It is used...
and G. P. Kouretas, 2005, “Testing for Two-Regime Threshold Cointegration in the Parallel and Official Markets for Foreign Currency in Greece,” Economic Modelling, 22(4), 665-682. :Aslanidis,N,Kouretas,G.P.Testing for two-regime threshold cointegration in the parallel and official markets...
A parallel market for foreign currency was in force in Greece since the end of World War II until the early 1990s with a substantial size and a parallel market premium of 15% on average. This market was mainly for US dollars. During the period of fixed exchange rates as well as after ...
This paper models the short-run as well as the long-run relationship between the parallel and official markets for US dollars in Greece in a threshold VECM framework. Modeling exchange rates within this context can be motivated by the fact that the transition mechanism is controlled by the paral...
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This paper models the short-run as well as the long-run relationship between the parallel and official markets for US dollars in Greece in a bivariate Markov Switching Vector Error Correction Model (MS-VECM) framework. Modelling exchange rates within this context can be motivated by the fact tha...
aThe euro (sign: €; code: EUR) is the official currency of the euro zone: 16 of the 27 Member States of the European Union (EU). It is also the currency used by the EU institutions. The euro zone consists of Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Ita...
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