Tracking the Euro:
During the first two years of monetary union, the euro's weakness surprised most market participants. Explanations proliferated ranging from fundamentals such as differences in growth prospects to psychological factors such as herd behaviour, but no single story fully accounts for the observed...
Gespeichert in:
| 1. Verfasser: | |
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| Weitere Verfasser: | , , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2001
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| Schriftenreihe: | OECD Economics Department Working Papers
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| Schlagworte: | |
| Online-Zugang: | UBA01 UBG01 UEI01 UER01 UPA01 UBR01 UBW01 FFW01 FNU01 EUV01 FRO01 FHR01 FHN01 TUM01 FHI01 UBM01 Volltext |
| Zusammenfassung: | During the first two years of monetary union, the euro's weakness surprised most market participants. Explanations proliferated ranging from fundamentals such as differences in growth prospects to psychological factors such as herd behaviour, but no single story fully accounts for the observed exchange rate path. Based on an eclectic approach, this paper offers an empirical analysis showing that terms-of-trade and saving/investment behaviour seem to have driven the euro exchange rate over the medium and longer run. While such econometric estimates ought to be interpreted with due care, they do support the view that towards the end of 2000, the euro was significantly undervalued ... |
| Beschreibung: | 1 Online-Ressource (43 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/536702025320 |
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Datensatz im Suchindex
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| author | Koen, Vincent |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T19:34:58Z |
| indexdate | 2024-07-10T09:25:33Z |
| institution | BVB |
| language | English |
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| spelling | Koen, Vincent Verfasser aut Tracking the Euro Vincent Koen ... [et al] Paris OECD Publishing 2001 1 Online-Ressource (43 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers During the first two years of monetary union, the euro's weakness surprised most market participants. Explanations proliferated ranging from fundamentals such as differences in growth prospects to psychological factors such as herd behaviour, but no single story fully accounts for the observed exchange rate path. Based on an eclectic approach, this paper offers an empirical analysis showing that terms-of-trade and saving/investment behaviour seem to have driven the euro exchange rate over the medium and longer run. While such econometric estimates ought to be interpreted with due care, they do support the view that towards the end of 2000, the euro was significantly undervalued ... Economics Boone, Laurence ctb de Serres, Alain ctb Fuchs, Nicola ctb https://doi.org/10.1787/536702025320 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Koen, Vincent Tracking the Euro Economics |
| title | Tracking the Euro |
| title_auth | Tracking the Euro |
| title_exact_search | Tracking the Euro |
| title_exact_search_txtP | Tracking the Euro |
| title_full | Tracking the Euro Vincent Koen ... [et al] |
| title_fullStr | Tracking the Euro Vincent Koen ... [et al] |
| title_full_unstemmed | Tracking the Euro Vincent Koen ... [et al] |
| title_short | Tracking the Euro |
| title_sort | tracking the euro |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/536702025320 |
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