Results 11 to 20 of about 256,585 (304)
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 ...
Amalia Morales Zumaquero.
openaire +4 more sources
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
openaire +4 more sources
Persistence in real exchange rate convergence [PDF]
Studies in Nonlinear Dynamics and Econometrics, 2014 AbstractIn this paper we use a long memory framework to examine the validity of the Purchasing Power Parity (PPP) hypothesis using both monthly and quarterly data for a panel of 47 countries over a 50 year period (1957–2009). The analysis focuses on the long memory parameter d that allows us to obtain different convergence classifications depending on ...
Thanasis Stengos, M. Ege Yazgan
openaire +3 more sources
On the asymmetric effect of real exchange rate on growth: Evidence from Africa
Economic Journal of Emerging Markets, 2022 Purpose ― This study investigates the asymmetric effect of real exchange rates on the economic growth of twenty African countries for the period 2005 to 2019.
James Temitope Dada
doaj +7 more sources
China’s real exchange rate [PDF]
, 2007 International pressure to revalue China’s currency stems in part from the expectation that rapid economic growth should be associated with a real exchange rate appreciation. This hinges on the Balassa-Samuelson hypothesis under which economic growth, stemming from improvements in traded sector productivity, causes non-traded prices to rise.
Golley, Jane, Tyers, Rod
openaire +2 more sources
The Real Exchange Rate, Innovation, and Productivity [PDF]
Journal of the European Economic Association, 2018 AbstractWe build a dynamic heterogeneous-firm model in which real depreciations raise export demand and the cost of importing intermediates, and also affect borrowing constraints and the profitability of engaging in research and development (R&D).
Alfaro, Laura +3 more
openaire +5 more sources
PVAR model with collapsed instruments in the real exchange rates misalignment's analysis
Croatian Operational Research Review, 2022 The causes and the consequences of the real exchange rates misalignment's of European Union (EU) members were examined in this paper by implementing stationary panel vector autoregression (PVAR) model with fixed effects.
Joisp Arnerić, Antoni Šitum
doaj +1 more source
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 +2 more sources
Determinants of the ZAR/USD exchange rate and policy implications: A simultaneous-equation model
Cogent Economics & Finance, 2016 This paper examines the determinants of the South African rand/US dollar (ZAR/USD) exchange rate based on demand and supply analysis. Applying the EGARCH method, the paper finds that the ZAR/USD exchange rate is positively associated with the South ...
Yu Hsing
doaj +1 more source
Causal Relationships between Oil Prices and Key Macroeconomic Variables in India
International Journal of Financial Studies, 2023 India is among the largest and fastest-growing economies in the world. To continue its growth, energy is and will continue to be one of its most important considerations.
Kamal P. Upadhyaya +2 more
doaj +1 more source