Does Asia’s choice of exchange rate regime affect Europe’s exposure to US shocks?
(2011)
Journal Article
Markovic, B., & Povoledo, L. (2011). Does Asia’s choice of exchange rate regime affect Europe’s exposure to US shocks?. Economic Issues, 16(2), 1-38
In this paper we use a stylised three-country model to analyse how the transmission of US shocks to Europe might be affected by Asia’s choice of exchange rate regime. We find that if Asia pegs her exchange rate to the dollar, the impact of US shocks... Read More about Does Asia’s choice of exchange rate regime affect Europe’s exposure to US shocks?.