 | How Symmetric Are the Shocks and the Shock Adjustment Dynamics Between the Euro Area and Central and Eastern European Countries? Author/Editor: Michael Frenkel, Christiane Nickel. Release Date:December, 2002 In this paper, we use a structural vector autoregression model to identify and compare demand and supply shocks between euro area countries and central and eastern European countries (CEECs). The more...
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| The Effects of Capital Controls on Exchange Rate Volatility and Output Author/Editor: Christiane Nickel, Günter Schmidt, Georg Stadtmann, Michael Frenkel. Release Date:November, 2001 This paper extends the Dornbusch model of overshooting exchange rates to discuss both exchange rate and output effects of capital controls that involve additional costs for international asset more...
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