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Fixed Exchange Rates and Trade [PDF]
Journal of International Economics, 2006 A classic argument for a fixed exchange rate is its promotion of trade. Empirical support for this, however, is mixed. While one branch of research consistently shows a small negative effect of exchange rate volatility on trade, another, more recent ...
Jay C. Shambaugh, Michael W. Klein
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The duration of fixed exchange rate regimes [PDF]
SSRN Electronic Journal, 2005 This paper studies the survival of fixed exchange rate regimes. The probability of an exit from a fixed exchange rate regime depends on the time spent within this regime.
Sébastien Wälti
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Exchange rate uncertainty and labour market adjustment under fixed and flexible exchange rates [PDF]
SSRN Electronic Journal, 2002 The standard literature on working time has modelled the decisions of firms in a deterministic framework in which firms can choose between employment and overtime (given mandated standard hours). Contrary to this approach, we follow the real options approach, which allows us to investigate the value to a firm of waiting to adjust labour when the firm´s
Michael Funke, Yu-Fu Chen
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Exchange Rate Policy Regimes, Private Investment Behaviour and Economic Growth in Nigeria (1960 -2020) [PDF]
Financial Markets, Institutions and Risks, 2022 To improve economic growth acceleration, the Nigerian government should continue to formulate and implement several policies including exchange rate policy regimes.
Mufutau Akanmu Popoola +2 more
doaj +1 more source
Malaysian Management Journal, 2020 This study examined the insulation properties of flexible exchange rate regime and fixed exchange rate regime in response to the oil price shocks in Malaysia.
Fumitaka Furuoka +3 more
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Interest rate rules for fixed exchange rate regimes [PDF]
Journal of Economic Dynamics and Control, 2007 Abstract This paper shows that properly designed interest rate rules can be consistent with maintaining exchange rate stability. It sheds light on the relation between interest rate rules, exchange rate regimes, and determinacy of the rational expectation equilibrium in a modern macroeconomic framework.
Gianluca Benigno +2 more
openaire +1 more source
Fixed Exchange Rate Credibility with Heterogeneous Expectations [PDF]
, 2005 After disinflation has been achieved, agents who form more sophisticated forecasts have lower confidence in the sustainability of a peg compared to less sophisticated agents.
John A. Carlson, Neven T. Valev
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EXCHANGE RATE REGIMES CHOICE AND THEIR CLASIFFICATION [PDF]
Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie, 2020 Traditional monetary systems characterized by fixed rates have often caused currency crises. From the exchange rate regimes classification, we find that, as much as the level of developenet grow, the institutions become more mature, and the level of ...
HANDRO (MERCEA) PATRICIA AMALIA
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Comparative Comparison for Effects of Balance of Payments Shocks in Different Exchange Rate Regimes: A DSGE Approach [PDF]
Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī, 2023 Balance of payments shocks can impact economies in varying degrees depending on their structural characteristics, often leading to the formation of business cycles.
Mohammad Nikzad +2 more
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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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