Results 51 to 60 of about 2,433,644 (137)
Nonlinearities and Real Exchange Rate Dynamics [PDF]
Journal of the European Economic Association, 2003 We confirm the presence of substantial nonlinearities in real exchange rate dynamics at the sectoral level. There exists zones where arbitrage is not profitable because of transaction costs, and thus mean reversion is inexistent. We compute the speed of mean reversion of sector specific real exchange rates, conditional on the existence of arbitrage as ...
Imbs, J. +3 more
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Monetary Shocks and Real Exchange Rates [PDF]
SSRN Electronic Journal, 1998 Many explanations of the stylized facts concerning real exchange rate movements focus on monetary shocks, but it is often found empirically that monetary shocks are unimportant. I provide evidence that is contrary to this empirical finding. Using over 100 years of data, I estimate the contribution of various shocks to explaining variation in the real ...
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Real exchange rate and manufacturing growth in Latin America
, 2014 The manufacturing sectors in Latin America have been more affected by the currency over/undervaluation than their counterpart in industrialized economies. From a panel data set covering 39 countries and 22 manufacturing sectors (2-digit) within 1995–2008,
P. Vaz, W. Baer
semanticscholar +1 more source
Exchange rate regime and real exchange rate behavior [PDF]
This paper examines exchange rate regimes from the viewpoint of the validity of purchasing power parity (PPP). Specifically, we analyze real exchange rate behavior under various classifications of exchange rate arrangement through panel unit root tests ...
Harutaka Murofushi +2 more
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Explaining Real Exchange Rate Fluctuations [PDF]
Journal of Applied Economics, 2006 This paper attempts to explain the sources of real exchange rate fluctuations for a set of advanced economies and Central and Eastern European transition economies. To that end, we first estimate structural (identified) vector autoregression (SVAR) models, and decompose real and nominal exchange rate movements into those caused by real and nominal ...
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Real exchange rate fluctuations, endogenous tradability and exchange rate regime [PDF]
This paper, empirically and theoretically, studies variance decomposition of real exchange rate. We find that deviations from the law of one price for traded goods drive most real exchange rates.
Kanda Naknoi
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The Determinants of Real Exchange Rate Volatility in Nigeria
, 2013 The naira exchange rate depreciation and volatility is among the vast macroeconomic maladjustments which have unfolded in the Nigerian economy in the recent past.
Ajao Mayowa G, Igbekoyi Olushola E.
semanticscholar +1 more source
Explaining real exchange rate fluctuations [PDF]
This paper attempts to explain the sources of real exchange rate fluctuations for a set of advanced economies and Central and Eastern European transition economies.
Amalia Morales-Zumaquero
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Sources of real exchange rate volatility in the Ghanaian economy
, 2013 Real exchange rate volatility is an important contributor to risks in the financial world. During periods of excessive fluctuations in exchange rates, foreign trade and investments could be affected negatively. The objective of this study is to determine
Baba Insah, Anthony Chiaraah
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Disaggregate Real Exchange Rate Behaviour [PDF]
In this paper, we re-examine the “PPP Puzzle” using sectoral disaggregated data. Specifically, we first analyse the mean reversion speeds of real exchange rates for a number of different sectors in eleven industrial economies and then focus on relating ...
Giorgio Fazio +2 more
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