We dissect the impact of a large and sudden exchange rate appreciation on Swiss border import prices, retail consumer expenditures domestic imported nondurable goods, following removal EUR/CHF floor in January 2015. Cross-sectional variation price changes by currency invoicing carries over to prices allocations, impacting imports competing as well expenditures. provide measures sensitivity shar...

Mercedes Pascual,* Manojit Roy and Alain Franc Department of Ecology and Evolutionary Biology, University of Michigan, Ann Arbor, MI 48109-1048, USA. INRA, Forest and Natural Environment Department, Paris and Orsay University, Laboratory ESE, France *Correspondence: E-mail: [email protected] Abstract Spatial patterns are ubiquitous in nature. Because these patterns modify the temporal dynamics ...

This paper investigates the relative pricing performance between constant volatility and stochastic volatility pricing models, based on a comprehensive sample of options on four currencies, including the British pound, Deutsche mark, Japanese yen and Swiss franc, traded frequently in the Philadelphia Stock Exchange (PHLX) from 1994 to 2001. The results show that the model of Heston (1993) outpe...

In the last fifteen years the indications for osteosynthesis in the treatment oftibial fractures have increased considerably. As early as 1958 Merle d’Aubign#{233} and Franc insisted on the value of osteosynthesis in compound fractures. Since 1960 blind intramedullary nailing has been mainly adopted in the treatment of closed fractures (Zucman and Maurer 1965) and almost exclusively in the trea...

The objective of this paper is to examine whether terror attacks that took place in the Eurozone 21st century had a significant effect on price Euro. Its novelty twofold: it first study assesses impact such events Euro and employs relatively large number these events. event-study methodology used deduce whether, after event, value declines vs. other major currencies. We found does not, since fo...

We present an analysis on variability Bitcoin characteristics that help to quantitatively differentiate from the state-owned traditional currencies and asset Gold. provide a detailed study returns of exchange rates—against Swiss Franc—of several together with Gold; for purpose, we define distance between by means spectral densities ARMA models rates, computed matrix distances chosen currencies....