Canada's Pioneering Experience with a Flexible Exchange Rate in the 1950s:(Hard) Lessons Learned for Monetary Policy in a Small Open Economy [PDF]
This paper revisits Canada's pioneering experience with floating exchange rate over the period 1950-1962. It examines whether the floating rate was the best option for Canada in the 1950s by developing and estimating a New Keynesian small open economy ...
Ali Dib +2 more
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Exchange Rate Dynamics with Currency Substitution: the Case of Ghana, Paraguay and Uruguay [PDF]
This paper presents a monetary exchange rate model with imperfect capital mobility, slow adjustment of goods prices in the short-term and currency substitution.
Emmanuelle ROUMEGOUS +1 more
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Nonlinear prediction of Malaysian exchange rate with monetary fundamentals [PDF]
This paper compares one-step-ahead out-of-sample predictions on Malaysian Ringgit-US Dollar exchange rate using the generalized regression neural network for a range of forecasting horizons from 1991M3 to 2008M8.
Chee-Wooi Hooy +2 more
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Exchange Rate Determination from Monetary Fundamentals: an Aggregation Theoretic Approach [PDF]
We incorporate aggregation and index number theory into monetary models of exchange rate determination in a manner that is internally consistent with money market equilibrium.
Chang Ho Kwag, William Barnett
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EXCHANGE RATE DETERMINATION OF TL/US$:A CO-INTEGRATION APPROACH [PDF]
In our paper, we investigate exchange rate determination mechanism of TL/US$ for the 1987Q1-2006Q4 period using quarterly observations. Following a large literature review we first highlight various approaches explaining monetary model exchange rate ...
Levent KORAP
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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
doaj +1 more source
A Role Model for China? Exchange Rate Flexibility and Monetary Policy in Japan [PDF]
Few papers have tried to project how Chinese monetary policy will behave under flexible exchange rates. As Japan provides an important role model for China, this paper studies the role of the yen/dollar exchange rate for Japanese monetary policy after ...
Christian Danne, Gunther Schnabl
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Exchange Rate Determination Under Monetary Policy Rules in a Financially Underdeveloped Economy: A Simple Model and Application to Mozambique [PDF]
Microstructure aspects of nominal exchange rate determination are less relevant in countries with embryonic financial markets. In less-developed economies, trade in goods and services is a more significant driver of currency demand than financial market ...
Félix Simione, Shakill Hassan
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Linear and nonlinear monetary approaches to the exchange rate of the Philippines peso-Japanese yen [PDF]
This study provides evidence of nonlinear long-run relationship between peso-yen exchange rate and its monetary determinants implied by the reduced-form flexible-price monetary model for the Philippines, using Breitung`s (2001) nonlinear cointegration ...
Venus khim-sen Liew
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CAPITAL ACCOUNT LIBERALIZATION AND EXCHANGE RATE REGIME CHOICE, WHAT SCOPE FOR FLEXIBILITY IN TUNISIA? [PDF]
, 2006 Capital account liberalization and exchange rate regime choice, what scope for flexibility in Tunisia? This study evaluates within a game-theoretic framework the exchange rate regime from a welfare perspective.
Sami, Ben Ali Mohamed
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