Download or read book Modelling the exchange rate of the peseta written by Ulrich Göltner and published by . This book was released on 1991 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book An Aggregate Exchange Rate Model for the Spanish Peseta as a Rationale of Macroeconomic Policy Coordination written by Mariam Camarero and published by . This book was released on 1993 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Predicting Exchange Rates Volatilities with ARCH Models written by Paulina Marco and published by . This book was released on 1997 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Domestic and Foreign Price Gaps in the P STAR Model written by Ms.Alicia García-Herrero and published by International Monetary Fund. This book was released on 1999-10-01 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper uses the P-STAR model to analyze Spanish prices from 1970 to 1996, adding the foreign price gap to the standard domestic definition of the P-STAR model (the domestic price gap) to assess the role German price movements played in Spanish inflation. The domestic price gap turns out to be the major explanatory variable for inflation, even after the entrance of Spain in the exchange rate mechanism (ERM). This result suggests that the successful disinflation experienced in Spain in the past few years may be more related to domestic conditions than to foreign ones.

Download or read book Exchange Rate Pass Through in Spain written by Ms.Zuzana Murgasova and published by International Monetary Fund. This book was released on 1996-10-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the factors underlying the stability of inflation observed following devaluations of the Spanish peseta, which took place during the 1992-93 Exchange Rate Mechanism (ERM) crisis. The long-run equilibrium relationships between the exchange rate and the aggregate price indices are estimated using the Johansen maximum likelihood-method. The short-run dynamics are obtained from error-correction models. The model is then simulated by calibrating changes in the exogenous variables to their actual values. The results indicate that the cost-push-up effect of devaluations may have been completely offset by determinants of the cyclical position of the economy and the low inflation rate in 1993-94 should not be viewed as unusual.

Download or read book An Asset market Model of Exchange Rate Determination written by José García Solanes and published by . This book was released on 1979 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Internal and External Exchange Rate Equilibrium in a Cointegration Framework written by Enrique Alberola Ila and published by . This book was released on 1999 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Theoretical framework; The empirical model; Estimation and orthogonal decomposition; Empirical analysis.

Download or read book An Empirical Analysis of the Peseta s Exchange Rate Dynamics written by Juan Ayuso and published by . This book was released on 1996 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Testing a Target Zones Model for the Peseta Deutsche Mark Exchange Rate written by María Isabel Campos and published by . This book was released on 1999 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Efficiency in the Peseta Forward Exchange Rate Market written by Juan Ayuso and published by . This book was released on 1992 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Panel Cointegration Approach to the Estimation of the Peseta Real Exchange Rate written by Mariam Camarero and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we estimate different specifications of a model for the determination of the bilateral real exchange rate of the peseta relative to nine European Union members. The model is based on Meese and Rogoff (1988) monetary approach as extended by MacDonald (1998). The applied econometric techniques are the recent panel cointegration tests developed by Kao (1999), McCoskey and Kao (1998) and Pedroni (1999) for homogeneous and heterogeneous panels. The results are favorable to a model containing relative productivities in tradables and non-tradables and the real interest rate differentials as explanatory variables.

Download or read book The Peseta Real Exchange Rate written by Mariam Camarero and published by . This book was released on 1996 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book An Empirical Analysis of the Peseta s Exchange Rate Dynamics written by Ayuso Arroyo Ayuso and published by . This book was released on 1996 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book An Evaluation of the Exchange Rate Risk for the Spanish Peseta Within the EMS written by Román Arjona-Gracia and published by . This book was released on 1998 with total page 97 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Theory And Empirics Of Exchange Rates written by Imad A Moosa and published by World Scientific. This book was released on 2009-07-15 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exchange rate economics is an important field of investigation for academics, professionals and policy-makers. This book provides a comprehensive survey of the theory of and empirical evidence on the determination and effects of exchange rates. The exposition utilizes both diagrammatic and mathematical representations of the underlying models. The book is a comprehensive reference for those engaged in this field of research.

Download or read book Soft Exchange Rate Bands and Speculative Attacks written by Leonardo Bartolini and published by International Monetary Fund. This book was released on 1998-11 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: We present a model of a “soft” exchange rate target zone and interpret it as a stylized description of the post-August 1993 ERM. Our central bank targets a moving average of the current and past exchange rates, rather than the exchange rate’s current level, thus allowing the rate to move within wide margins in the short run, but within narrow margins in the long run. For realistic parameters, soft target zones are significantly less vulnerable to speculative attacks than “hard” target zones. These predictions are consistent with the ERM’s experience and the abatement of speculative pressure in European markets since the bands’ widening in 1993.

Download or read book Financial Modelling written by Maria Bonilla and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains a selection of the papers presented at the 24th Meeting of the Euro Working Group on Financial Modelling held in Valencia, Spain, on April 8-10, 1.999. The Meeting took place in the Bancaja Cultural Center, a nice palace of the XIX century, located in the center of the city. Traditionally, members of the Euro Working Group on Financial Mod elling meet twice a year, hosted by different active groups in successions. The year 1999 was very special for us because the University of Valencia celebrates its fifth century. The Meeting was very well attended and of high quality. More than 90 participants, coming from 20 different countries debated 46 communications in regular sessions. The opening lecture was given by Prof. H. White, from the University of California, San Diego. The topics discussed were classified in nine sessions: Financial Theory, Financial Time Series, Risk Analysis, Portfolio Analysis, Financial Institu tions, Microstructures Market and Corporate Finance, Methods in Finance, Models in Finance and Derivatives. The papers collected in this volume provide a representative but not com plete sample of the fields where the members of the working group develop their scientific activity. The papers are a sample of this activity, and consist of theoretical papers as well as empirical ones.