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
no.298 |
| Schlagworte: | |
| Online-Zugang: | 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 p.) 21 x 29.7cm. |
| DOI: | 10.1787/536702025320 |
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| indexdate | 2024-07-16T15:07:14Z |
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| language | English |
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| publisher | OECD Publishing |
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| series2 | OECD Economics Department Working Papers |
| spelling | Koen, Vincent VerfasserIn aut Tracking the Euro Vincent, Koen ... [et al] Paris OECD Publishing 2001 1 Online-Ressource (43 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.298 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 MitwirkendeR ctb de Serres, Alain MitwirkendeR ctb Fuchs, Nicola MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/536702025320 Volltext |
| spellingShingle | Koen, Vincent Tracking the Euro Economics |
| title | Tracking the Euro |
| title_auth | Tracking the Euro |
| title_exact_search | 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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