Comparisons of real exchange rate volatility across exchange rate systems

Article Abstract:

A comparison of the real exchange rate volatility measures of Deutschmark, the European Monetary System (EMS) and other currencies illustrates the inadequacy of short-run measures of real exchange rate volatility. The failure of short-run measures to consider persistence or mean-reversion of real exchange rates make it inappropriate for the prevention of misalignment in exchange rate regimes. This could lead to serious consequences, especially in the EMS, where persistence of currencies is evident.

Economic aspects, Foreign exchange market

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Predicting real growth and the probability of recession in the Euro area using the yield spread

Article Abstract:

A study conducted to examine the predictive accuracy of the term spread-output growth relationship by applying linear regression as well as nonlinear models is presented

Greece, Forecasts, trends, outlooks, Spain, Analysis, Usage, Forecasts and trends, Market trend/market analysis, Recessions, Regression analysis

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Further evidence on PPP adjustment speeds: the case of effective real exchange rates and the EMS

Article Abstract:

The authors offer a model which relates foreign exchange rates and purchasing power parity.

Europe, Administration of General Economic Programs, Science & research, Commodity & service prices, Foreign Exchange & Reserves Policy, Company pricing policy

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