|
- Exchange rates - Norges Bank
Exchange rates Norges Bank's exchange rates are middle rates, i e the mid-point between buying and selling rates in the interbank market at a given time The exchange rates are only intended to serve as an indication, and are not binding on Norges Bank or other banks Publication time of daily exchange rates is approximately 16:00 CET
- The krone exchange rate and altered expectations - Norges Bank
High volatility increases the cost of currency hedging and reduces investors’ risk-adjusted return [Chart: The krone exchange rate and altered expectations] Let me conclude The krone has depreciated, but the degree of depreciation varies across different currencies
- Currency Factors - Norges Bank
A factor model incorporating this “clustering” factor and two additional factors, a commodity currency factor and a “world” factor based on trading volumes, fits all bilateral exchange rates well, whatever the currency perspective
- Monetary policy and the krone exchange rate - Norges Bank
Market expectations for the interest rate differential against other countries will then increase to about the same extent as expectations for Norwegian interest rates [10] Norges Bank uses a number of models and empirical analyses to estimate the effect of the policy rate and the interest rate differential on the krone exchange rate
- Norwegian monetary policy in the age of the euro - Norges Bank
The euro may be used in twelve countries The costs connected with currency exchange between the twelve countries disappear When the national currencies are withdrawn, price differences between the euro area countries will become more apparent The result may be increased competition and lower interest rates over time
- An Equilibrium Theory of Determinate Nominal Exchange Rates, Current . . .
1Or one has to deviate from the consensus in monetary economics and central banks that monetary policy operates through setting nominal interest rates The nominal exchange rate is determined if instead monetary policy sets money supply and in addition money is not freely mobile across countries so that agents cannot use any currency in every country without transaction costs For a recent
- Who decides the interest rate in Norway? - Norges Bank
With greater exchange rate sensitivity to changes in interest rates, a change in the risk premium will require a smaller change in the interest rate so that the impact on domestic demand will be smaller It is therefore not necessarily the case that greater exchanger rate sensitivity will in general make it more difficult to stabilise the economy
- The Value of Volume in Foreign Exchange - Norges Bank
Cass Business School and CEPR We investigate the information content of foreign exchange (FX) volume using a rich dataset from the leading FX settlement platform Consistent with theoretical predictions on the economic con-tent of volume, we nd that FX volume contains predictive information for both the time-series and cross-section of currency returns, which generates substantial economic
|
|
|