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Time-varying exchange rate basket in China from 2005 to 2009

Fidrmuc, Jarko - 2010

We use the Kalman filter to estimate the structure of the secret currency basket of the renminbi based on daily data between 2005 and 2009. The currency weights of selected currencies are modeled as stochastic processes (random walks). The official announcement of the new exchange rate regime in...

Persistent link: https://www.econbiz.de/10010270870

The impact of the global financial crisis on business cycles in Asian emerging economies

Fidrmuc, Jarko; Korhonen, Iikka - 2009

We analyze the transmission of global financial crisis to business cycles in China and India. The pattern of business cycles in emerging Asian economies generally displays a low degree of synchronization with the OECD countries, which is consistent with the decoupling hypothesis. By contrast,...

Persistent link: https://www.econbiz.de/10010274462

Labour market rigidities, financial integration and international risk sharing in the OECD

Fidrmuc, Jarko; Foster, Neil; Scharler, Johann - 2007

Economic theory predicts that consumption growth rates should be highly correlated across countries. Empirical evidence overwhelmingly rejects this prediction. We examine whether increased financial integration and labour market rigidities can help explain this apparent contradiction between...

Persistent link: https://www.econbiz.de/10010264155

Meta-analysis of the business cycle correlation between the Euro Area and the CEECs

Fidrmuc, Jarko; Korhonen, Iikka - 2006

We review the literature on business cycle correlation between the euro area and the Central and Eastern European … identified publications suggests some CEECs already have comparably high correlation with the euro area business cycle. We find … that estimation methodologies can have a significant effect on correlation coefficients. While CEEC central bankers tend to …

Persistent link: https://www.econbiz.de/10010261431