Zobrazeno 1 - 10
of 99
pro vyhledávání: '"Romain Veyrune"'
Autor:
Romain Lafarguette, Romain Veyrune
Publikováno v:
SSRN Electronic Journal.
This paper presents a rule for foreign exchange interventions (FXI), designed to preserve financial stability in floating exchange rate arrangements. The FXI rule addresses a market failure: the absence of hedging solution for tail exchange rate risk
Autor:
Shaoyu Guo, Romain Veyrune
Publikováno v:
SSRN Electronic Journal.
The publication of liquidity forecasts can be understood as part of central banks’ push toward greater transparency regarding monetary policy implementation. However, the advantages of transparency can only be realized if the information provided i
Publikováno v:
SSRN Electronic Journal.
This paper proposes a methodology to develop empirically based and theoretically consistent deeuroization policies. It is derived from the experience of Albania. The paper is the first attempt to provide an empirical measure of the optimal level of e
Publikováno v:
IMF Working Papers. 19:1
Publikováno v:
IMF Working Papers. 18:1
This paper models the relationship between short-term rates and excess reserves in an interest rate corridor as a logistic function estimated for the Eurosystem. The estimate helps to identify conditions in which short-term rates become unanchored, t
Publikováno v:
IMF Working Papers. 18:1
Based on the experience of the Bank of Albania, the paper proposes a framework to estimate the interest rate lower bound in small, open, and euroized economies. The paper introduces a stylized monitoring tool to assess the unintended consequences of
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
SSRN Electronic Journal.
Since 1998, the staff of the International Monetary Fund has published a classification of countries' de facto exchange rate arrangements. Experience in operating this classification system has highlighted a need for changes. The present paper provid
Autor:
Romain Veyrune
Publikováno v:
Périodiques Scientifiques en Édition Électronique.
Are currency board arrangements the illegitimate child of the orthodox currency boards ? In the exchange rate argument surrounding Argentina bankruptcy, the currency board arrangements (CBA) born in the 90' s have been accused to be the illegitimate
Autor:
Jean-Louis Combes, Romain Veyrune
Publikováno v:
Périodiques Scientifiques en Édition Électronique.
This article presents sorne econometric tests. The first specification sizes the total effect on inflation. The second specification adds base money supply in order to size discipline effects. The remainder effect is supposed to be a pure credibility