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The Asia financial crises and exchange rates : had there been volatility shifts for Asian currencies?

Oga, Takashi; Polasek, Wolfgang - 2010

We analyse the volatility structure of Asian currencies against the U.S. dollar (USD) for the Thai Baht THB, the Philippine Peso PHP, the Indonesian Rupiah IDR and the South Korean Won KRW. Our goal is to check if the characteristics of the volatility dynamics have changed in a K-state switching...

Persistent link: https://www.econbiz.de/10009733810

The Asia financial crises and exchange rates : had there been volatility shifts for Asian currencies?

Oga, Takashi; Polasek, Wolfgang - 2010

Persistent link: https://www.econbiz.de/10008661121

Financial and Fiscal Crises, Prices and EUR/USD Rate of Exchange

Bukowski, Slawomir I. - 2018

/methodology/approach: We formulated the following hypothesis: Depreciation of the Euro versus American dollar exchange rate occurred in the … period of financial and fiscal crisis (2008-2014). The main reasons for that included: fiscal crisis in the euro area …, implementation of standard and non–standard (quantitative easing) ECB monetary policy measures and growth of money supply in the euro …

Persistent link: https://www.econbiz.de/10012922844

The East Asian Dollar Standard, Fear of Floating, and Original Sin

McKinnon, Ronald - 2007

Before the crisis of 1997-98, the East Asian economies except for Japan but including China pegged their currencies to the U.S. dollar. To avoid further turmoil, the IMF now argues that these currencies should float more freely. However, our econometric estimations show that the dollar's...

Persistent link: https://www.econbiz.de/10012729302

The East Asian Dollar Standard, Fear of Floating, and Original Sin

McKinnon, Ronald; Schnabl, Gunther - 2004

Before the crisis of 1997/98, the East Asian economies - except for Japan but including China - pegged their currencies to the US dollar. To avoid further turmoil, the IMF argues that these currencies should float more freely. However, the authors' econometric estimations show that the dollar's...

Persistent link: https://www.econbiz.de/10014070350

Central bank currency swap lines

García-Escudero, Enrique Esteban; Sánchez Pérez, Elisa J. - 2020

Persistent link: https://www.econbiz.de/10012310735

Addressing the dollar crisis by investigating underlying causes, effects, and strategic solutions in emerging economies

Amit, Sajid - In: Research in globalization 8 (2024), pp. 1-11

Foreign exchange reserves (FER), especially dollar assets, are vital for a developing country to maintain economic stability, foster growth, and protect against unexpected amendments. In recent years, particularly since the onset of COVID-19, several emerging countries have experienced...

Persistent link: https://www.econbiz.de/10015047801

Exchange Rate Policy and Debt Crises in Emerging Economies

Montiel, Peter - 2003

We explore a model intended to capture the interaction between exchange rate policy, fiscal policy, and outright default on foreign-currency denominated debt. We examine how the exchange rate affects the supply of short-term debt facing the government. We show that under a credible hard peg...

Persistent link: https://www.econbiz.de/10014403958

Getting beyond carry trade : what makes a safe haven currency?

Habib, Maurizio Michael; Stracca, Livio - 2011

There is already a substantial literature documenting the fact that low yield currencies typically appreciate during times of global financial stress and behave as safe havens. The main objective of this paper is to find out what the fundamentals of safe haven currencies are. We analyse a large...

Persistent link: https://www.econbiz.de/10008901495

Safe haven currencies

Ranaldo, Angelo (contributor); Söderlind, Paul (contributor) - 2007

Persistent link: https://www.econbiz.de/10003674149

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