Results 41 to 50 of about 15,697,759 (397)
Exchange Rates and Fundamentals [PDF]
Journal of Political Economy, 2003 Standard economic models hold that exchange rates are influenced by fundamental variables such as relative money supplies, outputs, inflation rates and interest rates. Nonetheless, it has been well documented that such variables little help predict changes in floating exchange rates -- that is, exchange rates follow a random walk. We show that the data
Charles Engel, Kenneth D. West
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Ukrainian hryvnia under the floating exchange rate regime: diagnostics of the USD/UAH exchange rate dynamics [PDF]
Banks and Bank Systems, 2020 The study identifies the features of the USD/UAH exchange rate dynamics for the period from January 2014 to May 2020. The main purpose of the empirical analysis is to determine the current trend of the USD/UAH exchange rate (is it random or permanent ...
Anzhela Ignatyuk +3 more
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Exchange Rate Disconnect in General Equilibrium
Journal of Political Economy, 2017 We propose a dynamic general equilibrium model of exchange rate determination that accounts for all major exchange rate puzzles, including Meese-Rogoff, Backus-Smith, purchasing power parity, and uncovered interest rate parity puzzles.
Oleg Itskhoki, D. Mukhin
semanticscholar +1 more source
Movement of the real effective exchange rate of the convertible mark [PDF]
BankarstvoIn the research, we evaluated the equilibrium real effective exchange rate of the convertible mark and identified a significant deviation of the real effective exchange rate of the convertible mark concerning the equilibrium level, especially during the ...
Jović Dragan
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Journal of Economic and Financial Sciences, 2020 Orientation: The literature on exchange rate pass-through appears to have shifted from the question of whether the pass-through is complete or incomplete to whether or not it is sufficient to assume that the pass-through is exogenous despite the ...
Ojo J. Adelakun, Harold Ngalawa
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Real Exchange Rate Policies for Economic Development
World Development, 2017 This paper analyzes the role of real exchange rate (RER) policies in promoting economic development. Markets provide a suboptimal amount of investment in sectors characterized by learning spillovers.
Martin M Guzman, J. Ocampo, J. Stiglitz
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Exchange rates and oligopoly [PDF]
European Economic Review, 1999 Abstract The purpose of this paper is to explain empirical observations concerning the impact of exchange rate changes on industrial prices. As exchange rates change the pass-through into industrial prices is often incomplete and sometimes it goes into the `wrong' direction, i.e.
HENS, Thorsten +3 more
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Real Exchange Rate Misalignments in the Euro Area
Open Economies Review, 2017 Building upon a Behavioural Equilibrium Exchange Rate model, estimated at a quarterly frequency since 1999 on a broad sample of 57 countries, this paper assesses both the size and the persistence of real effective exchange rate misalignments of countries
Michael Fidora +2 more
semanticscholar +1 more source
THE COVID-19 INFORMATION IMPACT ON MOVEMENT AND VOLATILITY OF ASEAN-5 CURRENCY
Jurnal Bisnis dan Manajemen, 2022 The rapid and massive spread of COVID-19 has a major impact on a country's economy, including ASEAN countries. This research aims to examine the impact of the COVID-19 outbreak information on exchange rate movements and currency exchange rate volatility ...
Muhammad Rifki Adiyat, +1 more
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Journal of Political Economy, 1994 We develop an analytically tractable two-country model that marries a full account of global macroeconomic dynamics to a supply framework based on monopolistic competition and sticky nominal prices. The model offers simple and intuitive predictions about
M. Obstfeld, Kenneth Rogoff
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