Results 21 to 30 of about 67 (66)
Open Economies Review, 2008 Much of the paper is devoted to expounding the standard model of the exchange rate accepted by most economists today. This regards the exchange rate as a forward-looking asset price. Its steady-state level is determined by the need to have a current account balance that will keep the debt/gross domestic product (GDP) ratio constant, while the path of ...
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On exchange rates and efficiency
Economic Theory, 1996 This paper analyzes an exchange economy in which several assets serve as stores of value and where agents have completely heterogeneous preferences and endowments. It describes the set of perfect foresight equilibria in which all assets have positive prices. There are international policies with determinate exchange rates if the world economy satisfies
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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 Rates as Exchange Rate Common Factors [PDF]
SSRN Electronic Journal, 2012 Factor analysis performed on a panel of 23 nominal exchange rates from January 1999 to December 2010 yields three common factors. This paper identifies the euro/dollar, Swissfranc/dollar and yen/dollar exchange rates as empirical counterparts to these common factors.
Donggyu Sul +5 more
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SSRN Electronic Journal, 2019 Abstract It is surprisingly difficult to find economic variables that strongly comove with exchange rates, a phenomenon codified in a large literature as “exchange rate disconnect.” We demonstrate that a variety of common proxies for global risk appetite, which did not comove with exchange rates prior to 2007, have provided significant ...
Andrew Lilley +7 more
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Exchange rate pass‐through, exchange rate disconnect and exchange rate regimes
Applied Economics Letters, 2010This article investigates the degree of Exchange Rate Pass-Through (ERPT) into import prices for the Hellenic economy, during its post-Bretton Woods and pre-European Monetary Union (pre-EMU) era 1975–1998. Using multivariate cointegration techniques, we provide empirical evidence for complete long-run and incomplete short-run ERPT coefficients.
Theodoros V. Stamatopoulos +1 more
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Exchange Rate Regimes and Exchange Rate Exposures
SSRN Electronic Journal, 2001We analyze the currency exposure of industries, using data for Norway. The Norwegian case is particularly well suited for investigating currency exposure issues, since it is a very open economy, has dollar denominated exports and ECU denominated imports, and has had three official exchange rate policy regimes over the sample period. At first glance, we
Richard Priestley, Bernt Arne Ødegaard
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2012
This vital new Handbook is an authoritative volume presenting key issues in finance that have been widely discussed in the financial markets but have been neglected in textbooks and the usual compilations of conventional academic wisdom.
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This vital new Handbook is an authoritative volume presenting key issues in finance that have been widely discussed in the financial markets but have been neglected in textbooks and the usual compilations of conventional academic wisdom.
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GHANA: EXCHANGE RATE REFORMS AND THE REAL EXCHANGE RATE
Research Papers in Economics, 1998The dual purpose of the exchange rate (the price of a unit of foreign currency) as a means of allocating scarce foreign currency among competing uses and an important determinant of income distribution through its influence on the returns to those who produce or consume treadables, makes it a prime target as a policy tool, as has been experienced in ...
Asuming-Brempong, Samuel +1 more
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The influence of interest rates on the exchange rate and exchange rate volatility [PDF]
Theoretical and Applied Economics, 2014 The dynamic of interest rates has been the subject of attention by both traders and researchers. We see in what manner different factors that depend on the actions of central banks that influence them by using a GARCH type model and we compare its performance with other models to see what approach explains and predicts the movement of the exchange rate.
Florin MAVRIS, Dumitru-Cristian OANEA
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