Impulse Response of EUR

Periods

of time

stage

Impulse Response of Developing Economies

Impulse Response of Developed Economies

2006/08/01- 2008/9/15

ARS

BRL

IDR

LKR

NIS

PHP

THB

TWD

ZAR

JPY

EUR

USD

1

0.0037

2

0.001

0.0014

−0.0008

0.0015

−0.0006

4

−0.0008

−0.0008

7

0.0012

0.0008

2008/09/16- 2010/6/18

1

0.0019

2

0.0016

0.0024

0.0016

5

−0.0014

−0.0014

−0.0022

−0.0017

6

−0.0012

−0.0021

−0.0013

−0.0012

−0.0012

7

0.002

9

−0.0014

2010/06/19- 2015/8/11

1

0.0024

2

0.001

0.0012

0.0013

0.0014

0.0019

0.0012

0.0006

0.0013

0.0007

0.0011

0.0012

3

0.0008

0.0006

0.0003

0.0003

4

0.0001

0.0001

5

−0.0008

-0.0007

7

0.001

2015/08/12- 2018/12/31

1

0.0008

2

0.0004

3

−0.0001

0.0005

4

0.0007

5

−0.0012