Title:The Exchange Rate - A Shock-Absorber or Source of Shocks? A Study of Four Open Economies
Author(s):ARTIS, Michael J.; EHRMANN, MichaelDate:2000Type of Publication:Working PaperSeries/Report no.:CEPR Discussion PaperAbstract:The paper provides SVAR estimates for four open economies: the UK, Canada, Sweden and Denmark, making explicit a monetary policy reaction function and taking account of exchange rate targeting practices. The object of the ...
Title:Exchange Rates and Fundamentals: Co-movement, long-run relationships and short-run dynamics
Author(s):BEKIROS, Stelios D.Date:2011Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The present study builds upon the seminal work of Engel and West [2005, Journal of Political Economy 113, 485-517] and in particular on the relationship between exchange rates and fundamentals. The paper discusses the ...
Title:Exchange Rates and Oligopoly
Author(s):HENS, Thorsten; KIRMAN, Alan; PHLIPS, LouisDate:1991Type of Publication:Working PaperSeries/Report no.:EUI ECO
Title:Exclusion Through Speculation
Author(s):ARGENTON, Cédric; WILLEMS, BertDate:2011Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:Many commodities are traded on both a spot market and a derivative market. We show that an incumbent producer may use purely financial derivatives to extract rent from a potential entrant. It can do so by selling derivatives ...
Title:Exclusionary Pricing and Rebates When Scale Matters
Author(s):KARLINGER, Liliane; MOTTA, MassimoDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We consider an incumbent firm and a more effcient entrant, both
offering a network good to several asymmetric buyers. The incumbent
disposes of an installed base, while the entrant has a network of size zero
at the ...