Results 1 to 10 of about 15,498,215 (400)
Exchange rate pass-through, exchange rate volatility, and exchange rate disconnect [PDF]
Journal of Monetary Economics, 2002 Abstract This paper explores the hypothesis that high volatility of real and nominal exchange rates may be due to the fact that local currency pricing eliminates the pass-through from changes in exchange rates to consumer prices. Exchange rates may be highly volatile because in a sense they have little effect on macroeconomic variables.
Charles Engel +3 more
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Journal of International Economics, 2006 Abstract In this paper we examine the relationship between exchange rate movements and firm value. We estimate the exchange rate exposure of publicly listed firms in a sample of eight (non-US) industrialized and emerging markets. We find that exchange rate movements do matter for a significant fraction of firms, though which firms are affected and ...
Kathryn M.E. Dominguez, Linda L. Tesar
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Exchange Rate Predictability [PDF]
Journal of Economic Literature, 2013 The main goal of this article is to provide an answer to the question: "Does anything forecast exchange rates, and if so, which variables?". It is well known that exchange rate fluctuations are very difficult to predict using economic models, and that a ...
Barbara Rossi
semanticscholar +10 more sources
Sanctions and the Exchange Rate
Intereconomics, 2022 Stabilising the exchange rate allows the Russian government to anchor inflation expectations and support consumption but comes at the cost of the financial repression of domestic savers.
Oleg Itskhoki, Dmitry Mukhin
doaj +4 more sources
Exchange-rate discounting [PDF]
Journal of International Money and Finance, 1995 Abstract Economists often describe nominal exchange rates as forward-looking, so that they reflect discounted, expected, future fundamentals. This study applies a method for identifying the discount rate involved, without knowing or measuring fundamentals.
Gregor W. Smith
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Analysis of nominal exchange rate pass-through effect on inflation rate in selected countries [PDF]
Bankarstvo, 2021 Inflation rate is one of the essential macroeconomics variables and it represents the main goal of monetary policy. It is determined by a great number of factors, so it is necessary to analyse the impact their changes have on inflation rate.
Živković Aleksandra, Milenković Ivan
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Borsa Istanbul Review, 2023 We employ a threshold vector error correction model approach to investigate the impact of China's exchange rate marketization reform in August 2015 on the linkage between renminbi (RMB) onshore (CNY) and offshore (CNH) exchange rates and the impact of ...
Panpan Wang +3 more
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Cogent Economics & Finance, 2023 This paper aims to address the relatively limited attention given to the examination of exchange rate misalignment uncertainty in the specific context of South Africa. By specifically focusing on exchange rate misalignment uncertainty, this study fills a
Eugene Msizi Buthelezi
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Exchange Rates and Fundamentals [PDF]
Journal of Political Economy, 2003 We show analytically that in a rational expectations present-value model, an asset price manifests near–random walk behavior if fundamentals are I(1) and the factor for discounting future fundamentals is near one. We argue that this result helps explain the well-known puzzle that fundamental variables such as relative money supplies, outputs, inflation,
Charles Engel, Kenneth D. West
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The microstructure of foreign exchange rate and foreign exchange rate formation [PDF]
Ekonomski Anali, 2005 The subject matter of market microstructure analysis are processes through which investor activities are transferred to quantities and prices. This direction indicates the fact that has been unjustifiably neglected in fundamental theories – foreign ...
Vučković Vladimir
doaj +1 more source