Choosing the Currency Structure of Foreign-currency Debt: a Review of Policy Approaches [PDF]
Starting from the constraints and incentives that cause countries to issue debt in foreign currency, this paper provides an overview of policy approaches for choosing the optimal currency structure of sovereign foreign-currency debt.
Melecky, Martin
core
Crossing the Lines: The Conditional Relation between Exchange Rate Exposure and Stock Returns in Emerging and Developed Markets [PDF]
This paper examines the importance of exchange rate risk in the return generating process for a large sample of non-financial firms from 37 countries.
Bartram, Söhnke M., Bodnar, Gordon M.
core
How Much Intraregional Exchange Rate Variability Could a Currency Union Remove? The Case of ASEAN+3 [PDF]
A multilateral currency union removes the intraregional exchange rates but not the union rate variability with the rest of the world. The intraregional exchange rate variability is thus latent. A two-step procedure is developed to measure the variability.
Duo Qin, Tao Tan
core
An Optimum-Currency-Area Odyssey [PDF]
The theory of optimum-currency-areas was conceived and developed in three highly influential papers, written by Mundell (1961), McKinnon (1963) and Kenen (1969).
Harris Dellas, George S.Tavlas
core
Currency Exchange Rate Forecasting with Neural Networks
Journal of Intelligent Systems, 2000 Nasution, Bona Patria, Agah, Arvin
doaj +1 more source
Crise cambial e intervenções em mercados de derivativos de câmbio
Economia Aplicada, 1999 This paper analyses mechanisms of intervention by Central Banks in derivative markets during episodes of exchange rate crisis. In traditional exchange rate crisis models, Central Bank foreign exchange intervention occurs mainly in spot markets.
Marcela Meirelles Aurélio +1 more
doaj
Real Exchange Rate Behavior Under Floating and Fixed Regimes [PDF]
In this paper we examine the stability of the real exchange rate and the macroeconomic effects of alternative exchange-rate regimes, including currency union, on real exchange-rate behaviour.
James R. Lothian, Cornelia H. McCarthy
core
Exchange Rate Regimes and Financial Dollarization: Does Flexibility Reduce Bank Currency Mismatches? [PDF]
The dollarization of bank deposits and credit is widespread in developing countries, resulting in varying degrees of currency mismatches in domestic financial intermediation, which in turn may accentuate balance sheet problems and thus financial ...
Carlos Óscar Arteta
core
Exchange rate dynamics, expectations, and monetary policy [PDF]
This paper re-investigates the implications of monetary policy rules on changes in exchange rate, in a risk-adjusted, uncovered interest parity model with unrestricted parameters, emphasizing the importance of modeling market expectations of monetary ...
Chen, Qianying
core
Technical Analysis and Stochastic Properties of Exchange Rate Movements: Empirical Evidence from the Romanian Currency Market [PDF]
Romanian currency market considering the episodic character of linear and/or nonlinear dependencies, between 1999 and 2008. The main conclusion is that profitability of moving average strategies is not constant over time and that is mainly due to linear ...
Todea, Alexandru, Zoicas Ienciu, Adrian
core