Showing 1 - 10 of 443
the estimation results, two currencies, the Swiss franc and (to a lesser extent) the US dollar qualify as safe haven … currencies, and the euro serves as a hedge currency. Results for the yen support its role as a carry funding vehicle, but not … analysis of bilateral euro-based exchange rates, given the euro's prominent role during the euro area sovereign debt crisis …
Persistent link: https://www.econbiz.de/10013030487
Persistent link: https://www.econbiz.de/10011581803
Persistent link: https://www.econbiz.de/10012207293
Persistent link: https://www.econbiz.de/10011573174
Persistent link: https://www.econbiz.de/10011624263
Persistent link: https://www.econbiz.de/10014469207
We develop a simple model that highlights the costs and benefits of fixed exchange rates as they relate to trade, and show that negative export-price shocks reduce fiscal revenue and increase the likelihood of an expected currency devaluation. Using a new high-frequency data set on...
Persistent link: https://www.econbiz.de/10012965714
Persistent link: https://www.econbiz.de/10011580838
Persistent link: https://www.econbiz.de/10001745204
Persistent link: https://www.econbiz.de/10012006896