Results 1 to 10 of about 74,997 (45)
Tariff Passthrough at the Border and at the Store: Evidence from Us Trade Policy
American Economic Review: Insights, 2019 We use microdata collected at the border and the store to characterize the price impact of recent US trade policy on importers, exporters, and consumers. At the border, import tariff pass-through is much higher than exchange rate pass-through.
G. Gopinath +3 more
semanticscholar +1 more source
Inflation Differential Pass-Through to Exchange Rate: Some Evidence From Pakistan
SAGE Open, 2023 Using regression and wavelet coherence techniques this paper tries to probe the validity of purchasing power parity (PPP) in Pakistan. For this purpose, monthly data is collected for nominal exchange rate and consumer prices of Pakistan and its 23 major ...
Muhammad Zakaria +3 more
semanticscholar +1 more source
The Dollar, Bank Leverage and the Deviation from Covered Interest Parity
American Economic Review: Insights, 2016 We document a triangular relationship in that a stronger dollar goes hand in hand with larger deviations from covered interest parity (CIP) and contractions of cross-border bank lending in dollars.
Stefan Avdjiev +3 more
semanticscholar +1 more source
The Hedging Channel of Exchange Rate Determination
International Finance Discussion Paper, 2020 We propose the currency hedging channel that connects countries’ external imbalances to their exchange rate behavior. We present a model in which investors increase their currency hedging during periods of financial distress in proportion to their net ...
Gordon Y. Liao, Tony Zhang
semanticscholar +1 more source
When is Foreign Exchange Intervention Effective? Evidence from 33 Countries
American Economic Journal: Macroeconomics, 2016 This paper examines foreign exchange intervention based on novel daily data covering 33 countries from 1995 to 2011. We find that intervention is widely used and an effective policy tool, with a success rate in excess of 80 percent under some criteria ...
Marcel Fratzscher +4 more
semanticscholar +1 more source
Heterogeneous Behavior and Volatility Transmission in the Forex Market using High-Frequency Data
Journal of Applied Finance & Banking, 2023 This paper examines the dynamics of volatility transmission in the forex market using high-frequency data for five exchange rates (EUR/USD, EUR/JPY, EUR/CHF, EUR/GBP and EUR/AUD) from January 2004 to October 2014.
R. Lamouchi, R. K. Shira
semanticscholar +1 more source
Central Bank Information Effects and Transatlantic Spillovers
Social Science Research Network, 2020 The news about the economy contained in a central bank announcement can affect public expectations. This paper shows, using both event studies and vector autoregressions, that such central bank information effects are an important channel of the ...
Marek Jarociński
semanticscholar +1 more source
Are Global Factors Useful for Forecasting the Exchange Rate?
Journal of Applied Finance & Banking, 2023 This paper applies a common factors analysis framework to an exchange rate data panel, in order to better understand the forces behind exchange rate dynamics and provide a set of variables for exchange rate forecasting.
José Luiz Rossi Júnior +2 more
semanticscholar +1 more source
Uncertainty and Information Acquisition: Evidence from Firms and Households
Social Science Research NetworkWe leverage the small open economy Switzerland as a testing ground for basic premises of macroeconomic models of endogenous information acquisition, using tailored surveys of firms and households.
H. Mikosch +3 more
semanticscholar +1 more source
Trade Balance and Exchange Rate: The J-Curve
Journal of Applied Finance and Banking, 2022 The objective of this paper is to test empirically the effect of a devaluation of a currency on the trade account of the country, the J-curve effect, by using the trade between the U.S.
Ioannis N. Kallianiotis
semanticscholar +1 more source