Estimating the degree of interventionist policies in the run-up to EMU

Sondermann, David; Trede, Mark; Wilfling, Bernd

[journal article]

dc.contributor.author	Sondermann, David	de
dc.contributor.author	Trede, Mark	de
dc.contributor.author	Wilfling, Bernd	de
dc.date.accessioned	2011-04-01T05:10:00Z	de
dc.date.accessioned	2012-08-29T22:49:07Z
dc.date.available	2012-08-29T22:49:07Z
dc.date.issued	2009	de
dc.identifier.uri	http://www.ssoar.info/ssoar/handle/document/24302
dc.description.abstract	Based on a theoretical monetary exchange-rate model in continuous time this paper establishes a sequential estimation framework which is capable of indicating central bank intervention in the run-up to a currency union. Using daily pre-EMU exchange-rate data for the countries of the current euro zone, we find mixed evidence of active pre-EMU intervention policies (so-called institutional frontloading strategies). Our estimation framework is highly relevant to economic and political agents operating in financial markets of the upcoming EMU accession countries.	en
dc.language	en
dc.subject.ddc	Wirtschaft	de
dc.subject.ddc	Economics	en
dc.subject.ddc	Politikwissenschaft	de
dc.subject.ddc	Political science	en
dc.subject.other	Exchange rates; EMU; continuous-time modeling; sequential estimation; institutional frontloading
dc.title	Estimating the degree of interventionist policies in the run-up to EMU	en
dc.description.review	begutachtet (peer reviewed)	de
dc.description.review	peer reviewed	en
dc.source.journal	Applied Economics	de
dc.source.volume	43	de
dc.publisher.country	USA
dc.source.issue	2	de
dc.subject.classoz	Economic Statistics, Econometrics, Business Informatics	en
dc.subject.classoz	Economic Policy	en
dc.subject.classoz	Wirtschaftsstatistik, Ökonometrie, Wirtschaftsinformatik	de
dc.subject.classoz	Europapolitik	de
dc.subject.classoz	European Politics	en
dc.subject.classoz	Wirtschaftspolitik	de
dc.identifier.urn	urn:nbn:de:0168-ssoar-243024	de
dc.date.modified	2011-05-11T15:26:00Z	de
dc.rights.licence	PEER Licence Agreement (applicable only to documents from PEER project)	de
dc.rights.licence	PEER Licence Agreement (applicable only to documents from PEER project)	en
ssoar.gesis.collection	SOLIS;ADIS	de
ssoar.contributor.institution	http://www.peerproject.eu/	de
internal.status	3	de
dc.type.stock	article	de
dc.type.document	journal article	en
dc.type.document	Zeitschriftenartikel	de
dc.rights.copyright	f	de
dc.source.pageinfo	207-218
internal.identifier.classoz	10905
internal.identifier.classoz	10506
internal.identifier.classoz	1090302
internal.identifier.journal	21	de
internal.identifier.document	32
internal.identifier.ddc	320
internal.identifier.ddc	330
dc.identifier.doi	https://doi.org/10.1080/00036840802481884	de
dc.description.pubstatus	Postprint	en
dc.description.pubstatus	Postprint	de
internal.identifier.licence	7
internal.identifier.pubstatus	2
internal.identifier.review	1
internal.check.abstractlanguageharmonizer	CERTAIN
internal.check.languageharmonizer	CERTAIN_CHANGED

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Europapolitik
European Politics
Wirtschaftsstatistik, Ökonometrie, Wirtschaftsinformatik
Economic Statistics, Econometrics, Business Informatics
Wirtschaftspolitik
Economic Policy

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