Abstract Building upon a Behavioural Equilibrium Exchange Rate model, estimated at a
quarterly frequency since 1999 on a broad sample of 57 countries, this paper assesses both …

The large current account imbalances in the eurozone reflect persistent diverging trends
between core and periphery countries, also fed by low interest rates and abundant capital …

This paper aims to study the optimality of a monetary union in West Africa by using a new
methodology based on the analysis of convergence and co-movements between exchange …

The European debt crisis has revealed severe imbalances within the Euro area, sparking a
debate about the magnitude of those imbalances, in particular concerning real effective …

This paper uses a time-varying error-correction model to measure the speed of real
exchange rate (RER) convergence of the original European monetary union (EMU) member …

This paper aims at explaining why the CFA countries have successfully maintained a
currency union for several decades, despite failing to meet many of optimum currency area …

This paper analyses the equilibrium price of the Indonesian Rupiah using the Synthetic
Control Method (SCM) and assesses its misalignments. We find evidence of Rupiah …

The paper seeks to explain the extent of real exchange rate misalignment, defined as its
deviation from its equilibrium level. It enlarges the traditional analysis, which focuses mainly …

In this study, we examine the role of the Euro in currency co‐movements and contagion
considering the USD exchange rates of six major currencies (ie, EUR [DM], JPY, GBP, CHF …

This paper assesses the impact on the Italian economy of Italy withdrawing from the euro
area by means of stochastic simulations of a macroeconometric model. The model considers …