Economics, Econometrics and Finance
8 years ago

Euro Stability Shakes Up Global Currency Competition, Threatening Dollar Dominance

SSRN Electronic Journal
A Non-Parametric Examination of Stability in the Euro
John Cotter

Paper Summary

Related papers

Economics, Econometrics and Finance
2 years ago

Unemployment Benefits Boost Economy, Reduce Joblessness During Recessions

Labor Dynamics
Macroeconomic Analysis
Employment Health Effects
2 views
Economics, Econometrics and Finance
8 years ago

Unemployment could drive down wages and fuel inflation

Macroeconomic Trends
Monetary Models
Macroeconomic Analysis
2 views
Economics, Econometrics and Finance
8 years ago

Central Bank's Inflation Target Lowers Unemployment, Boosts Wages in Imperfect Markets

Macroeconomic Analysis
Macroeconomic Trends
Monetary Models
3 views

The Euro is becoming a strong competitor to the Dollar in international trade. This study looked at whether speculative activity could affect the stability of the Euro. Using Extreme Value Theory, the researchers found that the Euro's exchange rate movements are similar to other currencies. The Euro's distribution rejects normality and shows volatility clustering.