Results 11 to 20 of about 923,758 (324)
EXCHANGE RATE REGIMES AND TRADE [PDF]
A ‘new version’ of the gravity model is used to estimate the effect of a full range of de facto exchange rate regimes on bilateral trade. The results indicate that, while participation in a common currency union is typically strongly ‘pro‐trade’, other exchange rate regimes which lower the exchange rate uncertainty and transactions costs associated ...
Christopher Adam, David Cobham
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On the Endogeneity of Exchange Rate Regimes [PDF]
The literature has identified three main approaches to account for the way exchange rate regimes are chosen: i) the optimal currency area theory; ii) the financial view, which highlights the consequences of international financial integration; and iii) the political view, which stresses the use of exchange rate anchors as credibility ...
Iliana Reggio+4 more
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Brain magnetic resonance imaging predictors in anti‐N‐methyl‐D‐aspartate receptor encephalitis
Abstract Objective Brain magnetic resonance imaging (MRI) findings in anti‐N‐methyl‐D‐aspartate receptor (NMDAR) encephalitis are nonspecific and rarely have obvious associations with clinical characteristics and outcomes. This study aimed to comprehensively describe the MRI features of patients with NMDAR encephalitis, examine their associations with ...
Ying‐Ying Zhao+8 more
wiley +1 more source
Energy exchange in globally coupled mechanical phase oscillators [PDF]
We study the stationary dynamics of energy exchange in an ensemble of phase oscillators, coupled through a mean-field mechanical interaction and added with friction and an external periodic excitation. The degree of entrainment between different parts of the ensemble and the external forcing determines three dynamical regimes, each of them ...
arxiv +1 more source
Static-field ionization model of He-like ions for diagnostics of light field intensity [PDF]
We study static-field ionization of He-like ions with nuclear charge number in the range of $2\le Z \le 36$. Both the tunneling and over-the-barrier regimes are considered. We calculate the ionization rates by three approximate methods: a fitting formula based on the Perelemov-Popov-Terent'ev (PPT) formula, a perturbative expansion in powers of $1/Z ...
arxiv +1 more source
The Endogeneity of Exchange-Rate Regimes [PDF]
The international monetary system has passed through a succession of phases characterized alternatively by the dominance of fixed and flexible exchange rates. How are these repeated shifts between fixed and flexible rate regimes to be understood? The present paper specifies and tests six hypotheses with the capacity to explain the alternating phases of
openaire +2 more sources
Pegged Exchange Rate Regimes - A Trap? [PDF]
We analyze the role of an exchange rate peg as a commitment mechanism to achieve inflation stability when multiple equilibria are possible. We show that there are ex ante large gains from choosing a more conservative regime not only in order to mitigate inflation bias from time inconsistency but also to avoid high inflation equilibria.
Aizenman, Joshua, Glick, Reuven
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Exchange Rate Regimes and Location [PDF]
This paper investigates the effects of fixed versus flexible exchange rates on firms’ location choices and on countries’ specialization patterns. In a two-country, two-differentiated-goods monetary model, demand, supply, and monetary (as well as exchange rate) shocks arise after wages are set and prices are optimally chosen.
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On Exchange Rate Regimes, Exchange Rate Fluctuations, and Fundamentals [PDF]
We develop a two-country, two-sector general equilibrium business cycle model with nominal rigidities featuring deviations from the law of one price. The paper shows that a model with these features can quantitatively account for the empirical fact that of the statistical properties of most macroeconomic variables, only the volatility of the real and ...
Luca Dedola, Sylvain Leduc
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Choosing (and Reneging on) Exchange Rate Regimes [PDF]
We use data on announced and actual exchange rate arrangements to ask which countries follow de facto regimes different from their de iure ones, that is, do not do what they say. Our results suggest that countries with poor institutional quality have difficulty in maintaining pegging and abandon it often.
Alexander F. Wagner+3 more
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