E X C H A N G E  R A TES
Determination
Haigerloch Castle - Stuttgart
March 1995 15 & 17

Index
Call for papers
Practical informations
Documents
(accès réservé)
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DETAILED PROGRAMM


 

Inaugural Lectures abstracts are now available on this website ...
and Coming soon : all the abstracts of this conference.

Jeudi 16 mars 1995 :


08h00 PURCHASING POWER PARITY
Chairpersonn : Eric Pentecost Loughborough Univ.

BEYAERT A., SOLANES J. (Murcia U.; SP)
New PPP Tests for the Spanish Peseta Exchange Rates

ARNOLD IJM.(Erasmus U. Rotterdam; NL)
The Effect of Diverging Inflation on Exchange Rate Changes

APERGHIS N., KARFAKIS C. (Macedonia U.; GR)
Real Exchange Rate Determination

TOMASSON H. (Reykjavik U; IS)
The PPP and UIP for Iceland

09h30 Pause


Poster Session

Chairpersonn Jean-Baptiste LESOURD Grequam F


ALVAREZ N., RUBIO O., FIGUERAS E. (U. Zaragoza, SP)
Semi-nonparametric Study on the Exchange Rates

BEINE M., HECQ A. (Ministère de la région Wallonne; B)
Codépendance et convergence des économies européennes

BERNHARDSEN T. (FREBA, Oslo; N)
Relation between Devaluation Expectation / Fundamentals

BOLGOT S., LACHARME JP., LESOURD JB. (Grequam; F)
Cyclicality and Nonlinear Behaviour in Exchange Rate

BUXTON T., LINTNER V. (London Guildhall U.; UK)
Labour Productivity, Cost Competitiveness and the ERM

De JONG E. (U. Nijmegen; NL)
Three Recent Trends in Exchange Rate Economics

DEMEULEMESTER JL., ROCHAT D. (ULB, U. Genève; B, CH)
Exchange Rate Value of the £ and the UK Trade Balance

DUFRENOT G., LEVASSEUR A. (U. ParisXII, IEP; F)
Passage du SME à la monnaie unique

KARADELOGLOU P., PAPAZOGLOU Ch., ZOMBANAKIS G. (GR)
Impact of a Drachma Zone on Albania, Bulgaria, Romania

LAKHOUA F., Ben MARZOUKA (U. Tunis; TU)
Convertibilité du Dinar, prévision du taux de risque

MAKTOUF S. (Tunis U.; TU)
Taux de change et compte courant, relations causales

MALIAROPOULOS D. (London; UK)
A Multivariate GARCH Model of Risk Premia

MAULEON I. (U. Alicante; SP)
Growth and the Fundamentals Equilibrium Exchange Rate

POUTINEAU JC. (U. Rennes1; F)
The New Classical Economics in Open Economy: Survey

STOCKMAN ACJ. (De Nederlandse Bank; NL)
Effect of Exchange Rate Risk on Intra-EC Trade


10h30 ECONOMETRIC TOOLS
Chairperson : Michel Boutillier Banque de France


GOOIJER J., KRAEGER H. (Amsterdam, Mannheim; NL, D)
Exchange Rate Modelling using MARS

PUGH G., BEACHILL B. (Staffordshire U.; UK)
Monetary Cooperation and.Differential Productivity Growth

CAPORALE GM., PITTIS N (LBS, Cyprus U.; UK,CY)
Modelling the Sterling-Deutschmark Exchange Rate

CHAUVEAU J., TOPOL R. (U. Paris1, OFCE; F)
Simulation Model of Exchange Rate Dynamics

MÜLLER U. (Olsen & Associates, Zürich; CH)
Fractals and Intrinsic Time, a Challenge for Econometricians

12h00 Déjeuner Lunch

13h15 EUROPEAN MONETARY SYSTEM
Chairperson Jean-Marie Viaene Erasmus U.

PINA J. (Banco de Portugal; P)
Exchange Rate Risk in the EMS after August 1993

SOLANES JG., CAMPOY-MIRARRO J. (U. Murcia; SP)
Variability of Real Exchange Rates and Monetary Integration

Van ARLE B, BOVENBERG L., RAITH M.(Tilburg, Bielefeld; NL, D)
Is There a Tragedy of a Common Central Bank ?

Van MEERHAEGHE M. (Gent U.; B)
European Monetary Union and Maastricht Treaty

14h15 Pause Coffee break


14h30 EXCHANGE RATE INTEREST RATE Interactions
Chairperson : Hermann Schnabl Stuttgart U.

MAULEON I. (U. Alicante; SP)
Interest Rate Expectations and the Exchange Rate

VLAAR P. (De Nederlandsche Bank; NL)
German Interest Rates and the EMS

HENRY J., GHORBANZADEH D. (BdF, Cnam; F)
Elections and German-French Interest Rate Differential

 

15h30 Pause Coffee break


15h45 EXCHANGE RATE: FIXED or FLEXIBLE ?
Chairperson : Georg Erdmann ETH Zürich

POUTINEAU JC. (U. Rennes 1; F)
Anticipation in Exchange Rate Dynamics

PHYLACTIS H, MANALIS G (City U., National Bank; UK, GR)
Devaluation, Exchange Controls, and the Black Market for $

CARTAPANIS A., LAURENT P. (Aix-Marseille U.; F)
Intervention Policy on the Foreign Exchange Market

GEORGOUTSOS D., KARFAKIS C., KOURETAS.(Athens U., Macedonia U., Bank of Greece; GR)
Is the Domestic Forward Market for the Drachma Efficient ?

 

16h45 End of the session


18h30 Reception
Südwestdeutsche LandesBank

[ Am Hauptbahnhof 2 ]


19h30 OFFICIAL ADDRESS
Jean HP PAELINCK  Werner SCHMIDT
Chairman of the Board, Südwest LB

Guntram PALM
President of the Landeszentralbank Baden-Württemberg
The European Monetary Union, a German Point of View
abstract on line


Robert RAYMOND
Directeur Général, Institut Monétaire Européen
Quo vadis European Monetary Union ?
abstract on line

20h30
Marc TAYLOR
Fond Monétaire International
Exchange Rate Modelling and Macro-Fundamentals
Failed Partnership or Open Marriage ?
abstract on line

21h30 Debate

22h00 End of the session



Friday march

08h15 TARGET ZONES
Chairperson : Sanvi Avouyi-Dovi C.D.C Paris

GIRARDIN E., MARIMOUTOU V. (U.Bordeaux F)
Fractional Integration and Cointegration of Exchange Rate

KARADELOGLOU P, PAPAZOGLOU Ch (Bank of Greece)
Testing the Intervention Mechanism for the European Currencies

GARBERS H. (IEW, Zürich; CH)
Some Differences of Swiss Franc Exchange Rates

PARIKH A., BHATTACHARYA R.(East Anglia U.; UK)
Exchange Rates under the EMS Target Zone

SOSVILLA-RIVERO, BAJO-RUBIO, FERNANDEZ-RODRIGUEZ, MARTIN-GONZALES (FEDEA, UNED, U.Las Palmas SP)
Volatility in the EMS before and after the Fall

09h45 Coffee break
Poster Session

10h45 ACTUAL EXPERIENCES in EASTERN COUNTRIES
Chairperson : Felix-Maria Ruether Commerzbank

GUEORGUIEV N. (World Bank; USA)
Bulgarian Exchange Market: Trading Rules and Market Efficiency

KARADELOGLOU P., PAPAZOGLOU C. (Bank of Greece)
Currency Substitution

HRNCIR M. (Czech National Bank; CZ)
Rate Regime Options and the Stages of Transition

MILO W., WDOWINSKI P. (U.Lodz; PL)
Economic Implications of Exchange Rate Control

13h15 PREDICTABILITY
Chairperson : Christian Dunis Chemical Bank UK

ALVAREZ N. (Telephonica Madrid; SP)
A Cyclical Approach of Exchange Rate

PODDIG T. (Freiburg U.; D)
World Model of Financial Markets using Neural Networks

BENASSY A., RAYMOND H. (U.Cergy-Pontoise, Paris1; F)
The Heterogeneity of Exchange Rate Expectations

CHERNIZER G. (Chemical Bank; USA)
Short-Term Exchange Rate Movements Predictability

BAUN S. (Siemens Nixdorf, D)
Forecasting on the Basis of the Neural Network Technology

SCHNABL H. (Stuttgart U.; D)
Chaos in $ Exchange Rate Time Series

 

14h45 Coffee break


15h15 FUNDAMENTALS
Chairperson : Günter Haag IAW Tübingen

PARAPONARIS A. (Greqam EHESS Marseille; F)
Public Debt and Exchange Rate Dynamics: Is there a Link ?

JONDEAU E. (Caisse des Dépots et Consignations; F)
Les déterminants économiques de l'évolution du Dollar

GEORGOUTSOS, DIAMANDIS, KOURETAS (U. Athens, Crete; GR)
The Monetary Approach to the Exchange Rate

REDING P. (U. Namur; B)
Debt Crisis and Exchange Crisis

JUCHEMS A., (IFO Institut; D)
World Monetary System and Possibilities of its Improvment

PALEOLOGOS J. (U. Piraeus; GR)
Cointegration Test and Error Correction Model

17h00 LECTURING SESSION
Chairperson : Constantin Melas Commercial Bank


Eric J. PENTECOST
Loughborough University
Currency Substitution and Models of Exchange Rate Determination
Abstract on line


19h00 Visit and cocktail
Hohenzollern Castel