Results 21 to 30 of about 1,434,327 (354)

Real exchange rate volatility, financial crises and exchange rate regimes [PDF]

Applied Economics, 2014
This paper examines real exchange rate (RER) volatility in eighty countries around the world, during the period 1970 to 2011. Two main questions are raised: are structural breaks in RER volatility related to changes in exchange-rate regimes or financial crises? And do these two events affect the permanent and transitory components of RER volatility? To
Morales-Zumaquero, Amalia, Sosvilla Rivero, Simón Javier   +1 more
openaire   +3 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., Mumtaz, H., Ravn, M.O., Rey, H.   +3 more
openaire   +3 more sources

HUBUNGAN KAUSAL DINAMIS ANTARA VARIABEL-VARIABEL MONETER UTAMA DAN OUTPUT: KASUS INDONESIA DI BAWAH SISTEM NILAI TUKAR MENGAMBANG DAN MENGAMBANG TERKENDALI

Buletin Ekonomi Moneter dan Perbankan, 2007
The objective of the study is to analyze the dynamic causal relationship pattern and the characteristic among the primary monetary variables and output under a different exchange rate systems, i.e the floating and managed floating exchange rate system ...
Latif Kharie
doaj   +1 more source

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   +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, Raja Nag, Franklin G. Mixon   +2 more
doaj   +1 more source

Structural Break in the Real Exchange Rates: The Asian Crisis

East Asian Economic Review, 2009
This study estimates the break point in the residual variance and in the propagation mechanism of the real exchange rates at about the time of the Asian crisis that occurred in 1997, and provides some explanations for the breaks.
Hoe Sang Chung , Young-Yong Kim
doaj   +1 more source

Capital flows, exchange rate flexibility, and the real exchange rate

Journal of Macroeconomics, 2011
This paper analyzes the impact of capital inflows and exchange rate flexibility on the real exchange rate in developing countries based on panel cointegration techniques. The results show that public and private flows are associated with a real exchange rate appreciation.
Jean-Louis Combes, Patrick Plane, Tidiane Kinda   +2 more
openaire   +2 more sources

A General Equilibrium Model with Real Exchange Rates

Economies
In this paper, the Balassa–Samuelson–Tariffi effect is revisited. This research first aims to explain that the behaviour of the real exchange rate shows structural breaks in the short term. A partial equilibrium model “á la Rogoff” is formally formulated
Leonardo Tariffi
doaj   +1 more source

Co-movement of real exchange rates in the West African Monetary Zone

Cogent Economics & Finance, 2017
In three different ways of lead–lag causal relationship, covariance/correlation and coherence, we apply the wavelets analysis via the Continuous Morlet Wavelet Transform to delineate the significant frequency–time domain lead–lag relationships for the ...
Peterson Owusu Junior, Anokye M. Adam, George Tweneboah   +2 more
doaj   +1 more source

The Real Exchange Rate Under Alternative Nominal Exchange Rate Regimes [PDF]

Journal of Economic Integration, 1990
The real exchange rate measures the relative price of goods while the nominal exchange rate stands for the relative price of currencies. The most comprehensive definition of the real exchange rate is represented by the ratio of the foreign to the domestic price level, both expressed in terms of the domestic currency.
openaire   +1 more source