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dc.contributor.author Cotter, John
dc.date.accessioned 2009-11-25T16:52:44Z
dc.date.available 2009-11-25T16:52:44Z
dc.date.copyright 2005 Taylor & Francis en
dc.date.issued 2005
dc.identifier.citation Applied Economics en
dc.identifier.issn 0003–6846 print
dc.identifier.issn 1466–4283 online
dc.identifier.uri http://hdl.handle.net/10197/1648
dc.description.abstract This paper empirically analyses risk in the euro relative to other currencies. Comparisons are made between a subperiod encompassing the final transitional stage to full monetary union with a subperiod prior to this. Stability in the face of speculative attack is examined using Extreme Value Theory to obtain estimates of tail exchange rate changes. The findings are encouraging. The euro’s common risk measures do not deviate substantially from other currencies. Also, the euro is stable in the face of speculative pressure. For example, the findings consistently show the euro being less risky than the yen, and having similar inherent risk to the Deutsche mark, the currency that it is essentially replacing. en
dc.format.extent 4304 bytes
dc.format.mimetype application/pdf
dc.language.iso en en
dc.publisher Taylor & Francis en
dc.subject.lcsh Euro en
dc.subject.lcsh Extreme value theory en
dc.subject.lcsh International finance--Econometric models en
dc.subject.lcsh Foreign Exchange--Econometric models en
dc.title Tail behaviour of the euro en
dc.type Journal Article en
dc.internal.authorurl John Cotter (web page) en
dc.internal.authorurl http://www.ucd.ie/research/people/business/drjohncotter/ en
dc.internal.authorid UCD0043 en
dc.internal.availability Full text not available en
dc.internal.webversions Publisher's version en
dc.internal.webversions http://dx.doi.org/10.1080/0003684042000338694 en
dc.status Peer reviewed en
dc.identifier.volume 37 en
dc.identifier.issue 7 en
dc.identifier.startpage 827 en
dc.identifier.endpage 840 en
dc.identifier.doi 10.1080/0003684042000338694
dc.neeo.contributor Cotter|John|aut|UCD0043 en


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