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2007-07-06Diskussionspapier DOI: 10.18452/4057
Economic Integration and the Foreign Exchange
dc.contributor.authorWeber, Enzo
dc.date.accessioned2017-06-15T23:28:22Z
dc.date.available2017-06-15T23:28:22Z
dc.date.created2007-07-19
dc.date.issued2007-07-06
dc.identifier.issn1860-5664
dc.identifier.urihttp://edoc.hu-berlin.de/18452/4709
dc.description.abstractThis paper demonstrates effects of economic convergence processes on the foreign exchange behaviour in a monetary modelling approach. Since the exchange rate represents the relative price of two currencies, commonness of stochastic trends between the fundamental determinants of supply and demand of the underlying monies restricts exchange rate movements to transitory fluctuations. In the spirit of optimal currency areas, this has the potential to serve as a criterion for an all-round integration of two economies. Empirically, such a constellation is found between Australia and New Zealand, whereas diverging trends in money and interest rates characterise the relation of Australia towards the US.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/
dc.subjectAustraliaeng
dc.subjectStationarityeng
dc.subjectMonetary Exchange Rate Modeleng
dc.subjectConvergenceeng
dc.subject.ddc330 Wirtschaft
dc.titleEconomic Integration and the Foreign Exchange
dc.typeworkingPaper
dc.identifier.urnurn:nbn:de:kobv:11-10078508
dc.identifier.doihttp://dx.doi.org/10.18452/4057
local.edoc.pages16
local.edoc.type-nameDiskussionspapier
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-year2007
dc.identifier.zdb2195055-6
bua.series.nameSonderforschungsbereich 649: Ökonomisches Risiko
bua.series.issuenumber2007,38

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