| Author: | Galati, G. |
| Title: | The dollar-mark axis |
| Journal: | Weltwirtschaftliches Archiv
2001 : VOL. 137:1, p. 36-57 |
| Index terms: | Dollars Currency Europe |
| Language: | eng |
| Abstract: | The paper first sets out the stylised facts of this phenomenon, referred to as the dollar-mark axis, and then tries to identify its determinants. In addition to exchange rate policy, the paper examines the correlation of cyclical fluctuations and trade links and the bias of international investors in the currency composition of their portfolios. |
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