Exchange market pressure and the credibility of Macau's currency Board
Macedo, Jorge Braga De, Braz, José, Pereira, Luis Brites, Nunes, Luis C.
In this study, we assess the credibility of the currency board arrangement (CBA) of the Macau Special Administrative Region by studying the relationship between exchange market pressure (EMP) and the...
The Credibility of Cabo Verde’s Currency Peg
Macedo, Jorge Braga De, Pereira, Luis Brites
This paper studies the credibility of the currency peg of Cape Verde (CV) by assessing the impact of economic fundamentals, our explanatory variables, on the stochastic properties of Exchange Market...
Central bank intervenyion under target zones: the portuguese escudo in the ERM
Macedo, Jorge Braga De, Nunes, Luis Catela, Pereira, Luis Brites
For Portugal, the transition to the Euro began in September 1989 and featured three successive institutional arrangements related to the Exchange Rate Mechanism of the European Monetary System:...
Portugal e a Globalização: um Destino Histórico?
O fenómeno da globalização económica e financeira iniciou-se no século XV com a era dos descobrimentos portugueses, que conduziram à afirmação progressiva da hegemonia da Europa Ocidental e...
Exchange Market Pressure in African Lusophone Countries
Macedo, Jorge Braga De, Pereira, Luis Brites, Reis, Afonso Mendonça
This paper explores the credibility of exchange rate arrangements for the five African Portuguese-speaking (PALOP) countries. Our working hypothesis is that credibility necessarily implies low mean...