Results 21 to 30 of about 2,433,644 (137)
Remittances And The Real Exchange Rate [PDF]
, 2007 Existing empirical evidence indicates that remittances have a positive impact on a good number of development indicators of recipient countries. Yet when flows are too large relative to the size of the recipient economies, as those observed in a number of Latin American countries, they may also bring a number of undesired problems. Among those probably
Lopez, Humberto +2 more
openaire +2 more sources
Real exchange rate and terms of trade: Some empirical evidence in Malaysia, Singapore, and Thailand [PDF]
, 2009 This study examined the relationship between real exchange rate and terms of trade in Malaysia, Singapore, and Thailand in two cases, namely a three-variable case and a four-variable case. The results of co-integration tests showed that there is long-run
Wong, Hock Tsen
core +2 more sources
Real Exchange Rate Misalignment: Prelude to Crisis? [PDF]
, 2005 A model of the long run equilibrium real exchange rate based upon macroeconomic fundamentals is employed to calculate real exchange rate misalignments for Poland and Russia during the 1990s using the Beveridge and Nelson (1981) decomposition of ...
Kemme, David M., Roy, Saktinil
core +3 more sources
Real Exchange Rate Policies for Economic Development
World Development, 2017 This paper analyzes the role of real exchange rate (RER) policies in promoting economic development. Markets provide a suboptimal amount of investment in sectors characterized by learning spillovers.
Martin M Guzman, J. Ocampo, J. Stiglitz
semanticscholar +1 more source
Influence of Real Exchange Rate on the Finance-Growth Nexus in the West African Region
Economies, 2019 This study examines the moderating effects of the real exchange rate and its volatility on the finance-growth nexus in the West African region. It also determines the marginal effects of financial development on economic growth at various levels of the ...
K. Ehigiamusoe, H. Lean
semanticscholar +1 more source
Real Exchange Rate Misalignments in the Euro Area
Open Economies Review, 2017 Building upon a Behavioural Equilibrium Exchange Rate model, estimated at a quarterly frequency since 1999 on a broad sample of 57 countries, this paper assesses both the size and the persistence of real effective exchange rate misalignments of countries
Michael Fidora +2 more
semanticscholar +1 more source
The Real Exchange Rate, Real Interest Rates, and the Risk Premium [PDF]
SSRN Electronic Journal, 2011 Abstract: The well-known uncovered interest parity puzzle arises from the empirical regularity that, among developed country pairs, the high interest rate country tends to have high expected returns on its short term assets. At the same time, another strand of the literature has documented that high real interest rate countries tend to have currencies ...
Charles Engel +2 more
openaire +6 more sources
Exchange Rate Regimes and the Real Exchange Rate [PDF]
Journal of Economic Integration, 1995 It is well established now that the (nominal) exchange rate regime has important implications for the behavior of real exchange rates. Two key stylized facts in this regard are that real exchange rate variability is greater under flexible exchange rates than under fixed exchange rates and that real and nominal exchange rate movements are positively ...
openaire +2 more sources
Household Heterogeneity and Real Exchange Rates [PDF]
The Economic Journal, 2006 We assume that individuals can fully insure themselves against cross-country shocks, but not against individual-specifi cs hocks. We consider two particular models of limited risk-sharing: domestically incomplete markets (DI) and private information-Pareto optimal (PIPO) risk-sharing. For each model, we derive a restriction relating the cross-sectional
Narayana R. Kocherlakota +1 more
openaire +5 more sources
Real exchange rates and real interest rates : a nonlinear perspective [PDF]
Recherches économiques de Louvain, 2006 SummaryIn this paper we use a Threshold AutoRegressive (TAR) model to capture the nonlinear dynamics of monthly real effective exchange rate data for the G7 countries. The novelty of our approach relates to the use of the real interest differential as the switching variable. This choice allows us to consider jointly the nonlinearity and nonstationarity
Bec, Frédérique +2 more
openaire +3 more sources