The Determinants of the Expansion of the Exchange Rate on The Black Market in The Maghreb [PDF]
The shadow economy has recently grown significantly in the overall national economy. In the Maghreb countries (Morocco, Algeria, Tunisia, Libya, Mauritania), the informal economy is the result of the introduction of a managed economy, which gradually ...
Said El Bouazizi
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Estimating the effect of currency substitution on exchange rate volatility: Evidence from Ghana
This paper investigates the impact of currency substitution on exchange rate volatility using monthly data from January 1990 to May 2019. The paper applies the exponential generalized autoregressive conditional heteroscedastic in mean (EGARCH-M) model as
Hadrat Yusif +2 more
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On the Question of Stabilization of the National Currency Rate
In modern conditions of growing uncertainty, the transition from a fixed exchange rate to the rate of controlled navigation actualized the problem of stabilization of national currencies and inflation targeting.
A.A. Musina, Zh.T. Shakirova
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Exchange rate exposure, foreign currency derivatives and the introduction of the euro : French evidence [PDF]
We investigate the impact of the introduction of the Euro on exchange rate exposures for French corporations and examine the corporate use of foreign currency derivatives to hedge exchange rate exposure post-Euro.
Faff, Robert +2 more
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On floating exchange rates, currency depreciation and effective demand
This paper discusses the relative advantages of floating exchange rates vis-a-vis a pegged exchange rate regime, with special emphasis on the implications foreffective demand.
Julio Lopez, Ignocio Perrotini Perrotini
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On floating exchange rates, currency depreciation and effective demand: a comment
I certainly agree with the authors on the main point, which is that flexible exchange rates do not result in an automatic adjustment that brings equilibrium with full employment.
Mario Sarcinelli
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Commodity currencies and the real exchange rate [PDF]
Abstract This paper examines whether the real exchange rates of commodity-exporting countries and the real prices of their commodity exports move together over time. Using International Monetary Fund (IMF) data on the world prices of 44 commodities and national commodity export shares, we construct new monthly indices of national commodity export ...
Paul Cashin +2 more
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Financial Exchange Rates and International Currency Exposures [PDF]
In order to gain a better empirical understanding of the international financial implications of currency movements, we construct a database of international currency exposures for a large panel of countries over 1990-2004. We show that trade-weighted exchange rate indices are insufficient to understand the financial impact of currency movements and ...
Philip Lane, Jay C. Shambaugh
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Impact of Exchange Rate Fluctuation to the Romanian Foreign Currency Reserve [PDF]
In this article, we intend to indentify the impact of the currency rate of exchange variation of the two main currencies which represent Romania’s foreign currency reserve and the stress test it submits the latter.
Lavinia Diana Vasile
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The asymmetric impact of real exchange rate on tourism demand [PDF]
Europe is a notable tourism region and so international tourist arrivals are getting more crucial day by day for attraction center countries. Besides many economic factors, exchange rate is also main economic determining factor of tourism demand.
Yeliz Yalcin, Cengiz Arikan, Nezir Kose
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