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The effects of the latest period of Euro appreciation from 2006 to 2007 on the German economy, especially on exports, are cushioned, in the short run, by the regional pattern of foreign buyers, invoicing practices and hedging activities, enterprises' favorable cost development and their currently comfortable profit situation. In the longer run, volume effects (competition effects) may be expected to occur owing to the incomplete pricing-to-market of exporters and importers. Purchasing power effects on real incomes must also be taken into account. Although these two effects have, in some years, had a rather powerful impact on real income growth, their overall impact was virtually neutral on average over the 1993-2007 observation period. [PUB ABSTRACT]
... exchange rate was dominated by the US dollar, the weight of which on a broader measure - that i...
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.... Europäische Wirtschaftsintegration (vgl. Ziff. 3) . In den Bez... Botschaften an die Eidgenössischen Räte diese Zusammenhänge und Querbezüge ausführliche... bis 2012 insgesamt 30 Milliarden US-Dollar zur Verfügung stellen. Die Summe soll bis 2020 au...Das Global Forum on Transparency and Exchange of Information verabschiedet ein neues Mandat und ...
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... the evolution of the Swiss franc exchange rates. As no encompassing theoretical framework ex... drives the evolution of CHF relative to the euro, the US dollar and the 24 main trading partners of...
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... strength of the Swiss franc against the Euro and the Dollar. The Competition commission has p...) pass-through of changes in the exchange rate in Switzerland. For example, the cost reducin...
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... account, it is doubtful that the quarterly rate of protectionism imposed has slowed down. These su...Unlike their predecessors in the 1930s, exchange rate policy constraints imposed by the Gold Standa... Republic of Korea and the members of the European Union. Coming after the failure to ratify the US.-... the appreciation of the euro against the dollar implies an appreciation vis-à-vis the yuan/renmin...
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...Here, the dollar is used as the accounting currency; since the begi...
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.... The principle forum for the exchange of ideas about soldier modernisation projects is N... for additional testing before making a low rate initial production decision. . In late April ATK d...The end state of this multi-billion dollar programme will involve more than 840,000 active an... the prime contractor for the French Army's [euro] 796 million Felin (Fantassin a Equipement et Liai...
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... seems less financially integrated than Europe because it has done less to promote the growth of ... a building block of most important exchange rate determination theories such as Dornbusch's (1... currency board pegging the peso to the US dollar translated clearly on the interest rate term struc...
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... geographic location in the heart of Europe, a relatively strong economy, state-of-the-art IT ...Looking at the growth rates, there has been a slight recession in some of the ... strengthening Swiss franc and the plunging dollar impacted export? . Our exports in 2000 showed an e.... Talking of exchange rates, for us the euro is more important than the ...
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Switzerland has had a long standing surplus on its current account. But over the past 15 years that surplus has surged to levels unmatched by nearly any other OECD country at any point. This paper looks at the surplus from a balance of payments vantage point as well as from the optic of the excess of national saving over domestic investment. It then seeks possible explanations for the uptrend and assesses whether it results to any extent from market, institutional or policy failures that could call for reforms. A number of important measurement issues are raised. But the key recommendation is that the authorities should prepare for a possible sharp increase in the value of the Swiss franc if and when investors engaged in the "carry trade" unwind their positions. To that end they should...
...Against the euro its value was falling from early 2003 until late 2... in relation to GDP, the national saving rate began to rise around the middle of the 1990s, reac... that a plurality of assets was held in US dollar form, followed fairly closely by those in euros. A...Valuation changes. Changing exchange rates clearly prevent the change in the stocks fro...