Marcel Fratzscher, president of the German Institute for Economic Research (DIW Berlin), comments on the latest ECB council meeting as follows:
Central bank intervention in foreign exchange markets is a common tool to influence exchange rates. Although central bankers are convinced of their policy’s effectiveness, econometric estimates of precise effects differ across studies. The ...
Marcel Fratzscher, Präsident des DIW Berlin, kommentiert die neuesten Inflationszahlen im Euroraum wie folgt:
The presently tenuous situation in Turkey will worsen if the government does not take appropriate policy action. In view of foreign investors’ loss of confidence, the cost of external financing is likely to rise while consumption and investment
Countries with de jure floating exchange rate regimes are often reluctant to allow their currencies to float freely in practice. One reason why countries may wish to limit exchange rate volatility is potential negative balance sheet effects due to ..
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