The Impact of Anchor Exchange Rate Mechanism in USD for Vietnam Macroeconomic Factors

Article 124(1) EC Each Member State with a derogation shall treat its exchange-rate policy as a matter of common interest. In so doing, Member States shall take account of the experience acquired in cooperation within the framework of the exchange-rate mechanism.

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Model kursu walutowego PLN/EUR. Aplikacja modelu Tobit-CVAR

Modele w ekonomii. Księga jubileuszowa Profesora Wojciecha Maciejewskiego ◽

10.31338/uw.9788323546375.pp.161-170 ◽

2020 ◽

Author(s):

Aleksander Welfe

Keyword(s):

Exchange Rate ◽

Exchange Rates ◽

Theoretical Frameworks ◽

Statistical Tools ◽

Macroeconomic Factors ◽

Market Factors ◽

Actual Exchange ◽

The Impact

Although there are numerous theoretical frameworks and statistical tools, while modelling exchange rates researchers usually focus on one of the factors that shape the actual exchange rate. In this chapter, we present a model that allows us to consider non-stationary variables. Apart from this, we are also able to examine separately the impact of fundamental macroeconomic factors and market factors on exchange rates. For exchange rate PLN/EUR, our results support economic hypotheses.

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4. Single market, single currency

The European Union: A Very Short Introduction ◽

10.1093/actrade/9780198808855.003.0004 ◽

2018 ◽

pp. 56-68

Author(s):

Simon Usherwood ◽

John Pinder

Keyword(s):

Exchange Rate ◽

Exchange Rates ◽

Financial Crises ◽

Single Market ◽

Political Commitment ◽

Single Currency ◽

Exchange Rate Mechanism ◽

Legislative Framework ◽

Competitive Behaviour ◽

Rate Mechanism

Monetary union requires that money in all its forms be able to move freely across frontiers between member states and that exchange rates changes between them be abolished. ‘Single market, single currency’ explains how the single market programme went far towards fulfilling the first requirement and the Exchange Rate Mechanism prepared the ground for the second. The legislative framework guarantees producers an extensive market and consumers a reasonable assurance of competitive behaviour between them. The euro was initially acclaimed as marking a new stage in European integration, but recent financial crises have exposed the flipside of this, with the euro as the crucible of political commitment to the EU.

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