Search Results - subject:"Currency misalignment"

Exchange rate misalignment and external imbalances: What is the optimal monetary policy response?

Corsetti, Giancarlo; Dedola, Luca; Leduc, Sylvain - 2023

How should monetary policy respond to excessive capital inflows that appreciate the currency and widen the external deficit? Using the workhorse two-country open-macro model, we derive a quadratic approximation of the utility-based global loss function in incomplete market economies, and solve...

Persistent link: https://www.econbiz.de/10014374787

Exchange rate misalignment and external imbalances : what is the optimal monetary policy response?

Corsetti, Giancarlo; Dedola, Luca; Leduc, Sylvain - 2023

Persistent link: https://www.econbiz.de/10014362654

Welfare costs of exchange rate fluctuations : evidence from the 1972 Okinawa reversion

Kano, Kazuko; Kano, Takashi - 2022

Persistent link: https://www.econbiz.de/10012878857

Exchange rate volatility, currency misalignment, and risk of recession in the central and eastern European countries

Ševčuk, Viktor O.; Kopych, Roman - In: Risks 9 (2021) 5, pp. 1-19

This study is aimed at estimation of the exchange rate volatility and its impact on the business cycle fluctuations in four central and eastern European countries (the Czech Republic, Hungary, Poland, and Romania). Exchange rate volatility is estimated with the EGARCH(1,1) model. It is found...

Persistent link: https://www.econbiz.de/10013200750

Exchange rate volatility, currency misalignment, and risk of recession in the central and eastern European countries

Ševčuk, Viktor O.; Kopych, Roman - In: Risks : open access journal 9 (2021) 5, pp. 1-19

Persistent link: https://www.econbiz.de/10012508802

Welfare costs of exchange rate fluctuations : evidence from the 1972 Okinawa reversion

Kano, Kazuko; Kano, Takashi - 2021

Persistent link: https://www.econbiz.de/10013339094

The asymmetric impact of real exchange rate misalignment on growth dynamics in Turkey

Khalid, Waqar; Civcir, İrfan; Özdeşer, Hüseyin; … - In: Journal of policy modeling : JPMOD ; a social science … 45 (2023) 6, pp. 1184-1203

Persistent link: https://www.econbiz.de/10014559217

Exchange rate misalignment and external imbalances : what is the optimal monetary policy response?

Corsetti, Giancarlo; Dedola, Luca; Leduc, Sylvain - In: Journal of international economics 144 (2023), pp. 1-28

Persistent link: https://www.econbiz.de/10014384666

The impact of China exchange rate policy on its trading partners : evidence based on the GVAR model

Abbas, Shah; Nguyen Van Chien; Yanfu, Zhu; Huu Tinh Nguyen - In: Journal of Asian finance, economics and business : JAFEB 7 (2020) 8, pp. 131-141

Persistent link: https://www.econbiz.de/10012670631

A tale of two surplus countries: China and Germany

Cheung, Yin-Wong; Steinkamp, Sven; Westermann, Frank - 2019

. Our empirical analyses show that the current account balances of these two countries are quite well explained by currency … misalignment, common economic factors, and country-specific factors. Furthermore, we highlight the global financial crisis effects …

Persistent link: https://www.econbiz.de/10012052775