Research Catalog

Title

Tracking the Euro [electronic resource] / Vincent Koen ... [et al]

Publication

Paris : OECD Publishing, 2001.

Details

Additional Authors

• Koen, Vincent.
• Boone, Laurence.
• de Serres, Alain.
• Fuchs, Nicola.

Description

44 p.; 21 x 29.7cm.

Summary

During the first two years of monetary union, the euro's weakness surprised most market participants. Explanations proliferated ranging from fundamentals such as differences in growth prospects to psychological factors such as herd behaviour, but no single story fully accounts for the observed exchange rate path. Based on an eclectic approach, this paper offers an empirical analysis showing that terms-of-trade and saving/investment behaviour seem to have driven the euro exchange rate over the medium and longer run. While such econometric estimates ought to be interpreted with due care, they do support the view that towards the end of 2000, the euro was significantly undervalued ...

Series Statement

OECD Economics Department Working Papers, 1815-1973 ; no.298

Uniform Title

OECD Economics Department Working Papers, no.298.

Subject

Economics

LCCN

10.1787/536702025320

OCLC

oecd-lib

Title

Tracking the Euro [electronic resource] / Vincent Koen ... [et al]

Imprint

Paris : OECD Publishing, 2001.

Series

OECD Economics Department Working Papers, 1815-1973 ; no.298

OECD Economics Department Working Papers, 1815-1973 ; no.298.

Connect to:

Full text online available onsite at NYPL

Indexed Term

Economics

Added Author

Koen, Vincent.

Boone, Laurence.

de Serres, Alain.

Fuchs, Nicola.

Other Standard Identifier

10.1787/536702025320 doi