Results 11 to 20 of about 3,134,729 (344)
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 Pass-Through, Exchange Rate Volatility, and Exchange Rate Disconnect [PDF]
Journal of Monetary Economics, 2002 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.
Charles Engel, Michael B. Devereux
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Journal of International Economics, 2006 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, and find that a significant ...
Kathryn M.E. Dominguez, Linda L. Tesar
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Exchange-Rate Discounting [PDF]
Journal of International Money and Finance, 1995 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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On exchange rate regimes, exchange rate fluctuations, and fundamentals [PDF]
Working paper (Federal Reserve Bank of Philadelphia), 1999 The authors develop a two-country, two-sector general equilibrium business cycle model with nominal rigidities featuring deviations from the law of one price.
Luca Dedola, Sylvain Leduc
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Exchange Rate Dynamics and Fundamental Equilibrium Exchange Rates [PDF]
SSRN Electronic Journal, 2011 The paper investigates if the most popular alternative to the purchasing parity power approach (PPP) to estimate equilibrium exchange rates, the fundamental equilibrium exchange rate (FEER) influences exchange rate dynamics in the long run.
Jamel Saadaoui
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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 random walk forecasts exchange rates better than any economic model (the Meese and Rogoff puzzle ...
Barbara Rossi, Barbara Rossi
openaire +9 more sources
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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Exchange Rates and Wages [PDF]
SSRN Electronic Journal, 2001 Globalization exposes labor markets to international fluctuations. Using Current Population Survey data for the period 1976 through 2000, we show that exchange rate movements influence the wages of U.S. workers across manufacturing and non-manufacturing industries.
Linda S. Goldberg +3 more
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EXCHANGE RATE PROTECTION AND EXCHANGE RATE CONFLICT
Oxford Economic Papers, 1988 OUR PURPOSE is to investigate in a simple model the consequences of the adoption of "exchange rate protection" by two countries trading with each other. Although very simplified and stylized in the present treatment, we believe that our model can throw light on some questions of practical importance. The present system of exchange rate setting has come
Bliss, Christopher, Joshi, Vijay R
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