Results 31 to 40 of about 495,643 (345)
The Story of the Real Exchange Rate
Annual Review of Economics, 2020 The real exchange rate (RER) measures relative price levels across countries, capturing deviations from purchasing power parity (PPP). RER is a key variable in international macroeconomic models as it is central to equilibrium conditions in both goods ...
Oleg Itskhoki
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Exchange Rate Regime Transitions
IMF Working Papers, 2000 Abstract The “hollowing-out”, or “two poles” hypothesis is tested in the context of a Markov chain model of exchange rate transitions. In particular, two versions of the hypothesis—that hard pegs are an absorbing state, or that fixes and floats form a closed set, with no transitions to intermediate regimes—are tested using two alternative ...
openaire +2 more sources
Regime-dependent drivers of the EUR/CHF exchange rate
Swiss Journal of Economics and Statistics, 2023 We analyze drivers of the EUR/CHF exchange rate in different regimes between 2000 and 2020. Structural breaks between these subperiods are estimated in an integrated way together with the drivers that are relevant during these subperiods.
Piotr Kotlarz +2 more
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Influence of Exchange Rate on the Economic Growth in the Turkish Economy
, 2020 The traditional view asserts that there is a positive relationship between the foreign exchange rate and economic growth. So much so that an increase in foreign exchange rates enhances the net export volume and thus positively affects economic growth due
Ö. Karahan
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REAL EXCHANGE RATE VARIABILITY AND THE CHOICE OF EXCHANGE RATE REGIME IN IRAN [PDF]
فصلنامه پژوهشهای اقتصادی ایران, 2003 Journal: IRANIAN ECONOMIC RESEARCH Summer 2003 , Volume 5 , Number 15; Page(s) 121 To 141. Paper: REAL EXCHANGE RATE VARIABILITY AND THE CHOICE OF EXCHANGE RATE REGIME IN IRAN Author(s): JABAL AMELI FARKHONDEH*, BARADARAN SHORAKA H ...
Farkhondeh Jabal Ameli +1 more
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Can gold effectively hedge risks of exchange rate?
Journal of Business Economics and Management, 2013 This study tests whether gold can effectively hedge exchange rate risks. We take into account the asymmetric characteristic of exchange rate fluctuations and use the dynamic panel threshold model in order to select gold prices in major gold-related ...
Kuan-Min Wang
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Energies, 2020 We examined the effects of oil prices along with fundamental economic variables on exchange rate movements in the Korean and Japanese foreign exchange markets, using two-regime Markov Regime Switching Models (MRSMs) over the period from January 1991 to ...
Suyi Kim, So-Yeun Kim, Kyungmee Choi
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Current Account Reversals in Industrial Countries: Does the Exchange Rate Regime Matter?
Social Science Research Network, 2013 This paper studies current account reversals in industrial countries across different exchange rate regimes. There are two major findings which have important implications for industrial economies with external imbalances: first, triggers of current ...
Cosimo Pancaro
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Inspecting Monetary Policy Rules in a Small Open Economy with Financial Frictions
East Asian Economic Review, 2023 In this paper, we address how the monetary authority should react to financial market status and exchange rates movements in a small open economy New Keynesian model with financial frictions due to asymmetric information between savers and borrowers.
Yongseung Jung
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Analyzing Exchange Market Pressure Dynamics with Markov Regime Switching: The Case of Turkey
Organizations and Markets in Emerging Economies, 2022 This study analyzes the dynamics of exchange market pressure in Turkey by employing the Markov regime switching model for the period from January 2006 to December 2019.
Ali İlhan +2 more
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