Browsing by Subject "Economic shocks"

Now showing items 1-2 of 2

    • Costs of exchange rate volatility for labour markets: empirical evidence from the CEE economies 

      Belke, Ansgar; Setzer, Ralph (Economic & Social StudiesDublin, 2003)
      According to the traditional `optimum currency area? approach, little will be lost from a very hard peg to a currency union if there is little reason for using the exchange rate in response to economic shocks. This paper ...

    • Ireland in EMU: more shocks, less insulation? 

      Honohan, Patrick; Leddin, Anthony J. (Economic & Social StudiesDublin, 2006)
      Despite anchoring the Irish monetary system to a common zone-wide exchange rate and interest rate, EMU has triggered sizeable exchange rate and especially interest rate shocks to the Irish economy (albeit not appreciably ...