Essays about: "redenomination risk"

Found 2 essays containing the words redenomination risk.

1. 1. The impact of redenomination risk in the European government bond market

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Rasmus Rehn; [2014]
   Keywords : sovereign yield spread; government bonds; redenomination risk; euro crisis; EMU;

   Abstract : This paper provides an empirical analysis of European sovereign yield spreads in times when these may be influenced by redenomination risk arising from the possibility that one or several countries may leave the EMU. To test for redenomination risk impact on yield spreads, I estimate one regression model with a country-specific euro break-up risk indicator and one regression model with an event-indicator assumed to display inter-European reduction in this risk through the intervention by the ECB. READ MORE

3. 2. THE REDENOMINATIO OF THE GHANAIAN CURRENCY(2007)- A STUDY OF ITS IMPACT ON THE BUSINESS OF THE FINANCIAL INSTITUTIONS IN GHANA

   University essay from Blekinge Tekniska Högskola/Sektionen för management

   Author : Reuben Aziz; [2009]
   Keywords : Redenomination; Cedi; Impact; Financial Institutions;

   Abstract : Abstract The cedi is Ghana’s official currency which was introduced on July 19, 1965. The loss in the value of the cedi since its introduction cannot be overestimated. Owing to the low values of the notes and coins(due to persistent loss in value), huge quantities had to be printed and minted resulting in huge cost to the central bank. READ MORE