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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19216| Title: | Exchange and Interest Rates prior to EMU: The Case of Greece |
| Keywords: | C52 C51 F33 F31 E43 ddc:330 exchange and interest rate models policy shifts economic regime switching models Wechselkurs Zins Volatilität Europäische Wirtschafts- und Währungsunion Wechselkurstheorie Stochastischer Prozeß Zinsparität Zinsstrukturtheorie Schätzung Griechenland |
| Issue Date: | 16-Oct-2013 |
| Publisher: | |
| Description: | Recently a variety of exchange and interest rate models capturing the dynamics during the transition from an exchange rate arrangement of floating rates into a currency union have been derived. While these stochastic equilibrium models in continous time are theoretically rigorous, a systematic and extensive empirical validation is still lacking. Using exchange and interest rate data collected prior to the Greek EMU-entrance on 1 January 2001 this paper tries to fill the gap between theory and real-world data. The analysis reveals that the formal models can explain many features of the Greek exchange and interest rate dynamics on the road to EMU. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19216 |
| Other Identifiers: | http://hdl.handle.net/10419/19216 ppn:368834891 RePEc:zbw:hwwadp:26325 |
| Appears in Collections: | EconStor |
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