Non-Optimal Currency Area
Asymmetric shocks on its head and lender of last resort theories of optimal currency areas
... of non- fundamental insolvency. Even in the euro area, any country with a large banking system could face an unmanageable banking sector insolvency ...euro area would have prevented a ...
12
Determinants of sovereign bond yield spreads in the EMU: An optimal currency area perspective
... versus non-tradable ...euro area, a consensus seems to have emerged around the claim that the Balassa-Samuelson hypothesis cannot be the general explanation of the persistent inflation differentials across ...
26
Is the ESM able to manage the challenges of the euro area as a non optimum currency area currently being in a heavy crisis?
... euro area with an investigated period of the last years one can say that the initially expressed assumption is mainly ...euro area in its present condition only inadequately and at best partially ...
31
Exploiting skewness to build an optimal hedge fund with a currency overlay
... of currency hedging have been reported in the ...a currency overlay on a portfolio of international stock and bond indices still has the potential to add expected ...the currency exposures are ...
28
Optimal currency area and business cycle synchronization across U S states
... to non-tradables, as a criterion in forming an ...larger currency area since changes in the exchange rate influence a large part of their economy compared to large closed ...
18
Determinants of Sovereign Bond Yield Spreads in the EMU. An Optimal Currency Area Perspective
... have non-negligible weights; but (iii) all conclusions are ultimately connected to whether or not the sample of countries is composed of members of an Optimal Currency Area ...
22
Essays on an ASEAN Optimal Currency Area
... The ASEAN Economic Community Blueprint provides guidance for financial system architecture as the region moves towards integration. The availability of financial services and institutions has increased but there remain ...
112
A Non-Parametric Approach for Paper Currency Recognition
... Statically, more samples are needed to evaluate the proposed method. To this end, 100 samples of each banknote are collected. Nighty samples are selected randomly and used to construct the non-parametric models. ...
5
A Common Currency Area for MENA Countries? A VAR Analysis of viability
... common currency to be called the ‘Arab ...European currency, the Euro, in January 1999, there has been much interest in the area of Optimal and Common Currency ...Common Currency ...
30
Czech LETS (empirical study on local complementary currencies in the Czech Republic)
... local currency differs from the conventional ...local currency creates a qualitatively different relation between the ...complementary currency systems represent a hybrid of modern and traditional ...
8
The IMS and the Euro
... foreign currency holdings of central banks, 57% of which were made up of dollars at the end of ...common currency, are consolidated (Kirrane ...international currency, foreign central banks will ...
13
Development of convergence in foreign trade of the new EU-members
... OF OPTIMAL CURRENCY AREA The consequences of the low nominal and real con- vergence for prosperousness of an economic integra- tion are discussed from late ...cy area integrates the ...
10
Investments in Russia
... The Central Bank of the Russian Federation (hereinafter the “CBRF”) is the primary regula- tory authority for the Russian banking sector. Money can only be issued by the CBRF. Article 75 of the Constitution of the ...
208
Optimum currency area indices: evidence from the 1990s
... common currency without substantial change in their purchasing parities, then they gain better allocation of the capital, since they will get rid of the uncertainty in the exchange ...common currency, there ...
19
Concept of Integrative Currency Area and Application to the Central Europe
... integrative currency area concept yields insight into the duality of capital and ...integrative currency area leads in the final effect to a global currency area; that is to say, ...
15
Optimal inflation weights in the Euro Area
... This naturally raises the question of whether monetary policy should take into account the dispersion of inflation across regions and sectors in the Euro Area, which is characterized by different degrees of ...
29
Optimum currency area theory: an approach for thinking about monetary integration
... Regional currency areas originated from various roots such as historical, „existential“, economic and especially political ...partner currency were a ...one currency circulates within its ...other ...
30
The Sell-off in Long-term Bonds
... euro area bond markets – where yields were falling – into higher-yielding ...euro area bond rally caused a similar reversal in long-term Treasury ...
5
CURRENCY TRADER. Currency Trading. Introduction to currency futures. What are currency futures?
... a currency is “free” to “float” to the relative levels against other currencies as is determined by market forces of supply and demand with limited intervention by monetary ...
8
Empirical Results for Some Monetary Areas According to Optimum Currency Area Criteria
... optimum currency area as an area with internal mobility and external immobility of production factors, especially labour and with fi xed exchange ...optimum currency area, therefore a fl ...
9