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Employment news and exchange rates: policy implications for the European Union

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  • Nicholas Apergis

Abstract

The relationship between employment news and exchange rates in five European Union (EU) countries is investigated over the period 1980 to 1996. The empirical evidence reveals that employment news has a negative impact on bilateral exchange rates with respect to the Deutschmark (DM) in all cases as a result of larger actual than expected employment figures.

Suggested Citation

  • Nicholas Apergis, 2000. "Employment news and exchange rates: policy implications for the European Union," Applied Economics Letters, Taylor & Francis Journals, vol. 7(10), pages 695-698.
    • Handle: RePEc:taf:apeclt:v:7:y:2000:i:10:p:695-698
    DOI: 10.1080/135048500416049
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    Cited by:

    1. Shu-Chen Chang & Chung-Hua Shen, 2011. "The effect of exchange-rate uncertainty on unemployment in three developing Asian countries: evidence from bivariate GARCH approach," Applied Economics Letters, Taylor & Francis Journals, vol. 18(8), pages 783-788.

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