IWH Research Seminar

The Worst of All Worlds: Exchange Rate Adjustment in the Euro Crisis

Economic performance in the euro area has been heterogeneous during the recent decade. Still, intra-euro area real exchange rates have adjusted only slowly. In this paper, we first document that the half-life of intra-euro area real exchange rates has increased strongly after 2008.

IWH Research Seminar

The Real Effects of Exchange Rate Depreciation: The Role of Bank Loan Supply

Using matched bank-firm-level data and the 2014 depreciation of the euro, we show that exchange rate depreciations can lead to higher loan supply.

IWH Research Seminar

Virtual Lecture: The Exchange Rate Insulation Puzzle