Narrow search
Showing 1 - 10 of 721
Cover Image
Reverse Speculative Attacks
Amador, Manuel - 2016
Franc against the Euro, a decision which led to the appreciation of the Swiss Franc. The objective of this paper is to …
Persistent link: https://www.econbiz.de/10012456377
Cover Image
Emerging Market Crises : An Asset Markets Perspective
Caballero, Ricardo J. - 1998
Although internal policy mismanagements can be cited in most recent emerging market crises, they seldom account fully for the severity of these crises. The reluctance of international investors to provide the resources that would limit the extent of the reversal almost invariably plays a key...
Persistent link: https://www.econbiz.de/10012471969
Cover Image
Fetters of Gold and Paper
Eichengreen, Barry - 2010
We describe in this essay why the gold standard and the euro are extreme forms of fixed exchange rates, and how these …
Persistent link: https://www.econbiz.de/10012462453
Cover Image
Balance Sheet Effects on Monetary and Financial Spillovers : The East Asian Crisis Plus 20
Aizenman, Joshua - 2016
We study how the financial conditions in the Center Economies [the U.S., Japan, and the Euro area] impact other … euro) makes the response of a financial variable such as the REER and exchange market pressure in the PHs more sensitive to … a change in key variables in the U.S. (or the euro area) such as policy interest rates and the REER. While having more …
Persistent link: https://www.econbiz.de/10012455943
Cover Image
Currency Centrality in Equity Markets, Exchange Rates and Global Financial Cycles
Rey, Hélène; Stavrakeva, Vania; Tang, Jenny - National Bureau of Economic Research - 2024
The paper explores empirically the tight links between exchange rates and the global network of equity holdings. Exchange rates can be expressed in terms of "equity net currency supplies", i.e. local currency stock market capitalization minus equity holdings, denominated in investors'...
Persistent link: https://www.econbiz.de/10015072944
Cover Image
Free Lunch! Arbitrage Opportunities in the Foreign Exchange Markets
Ito, Takatoshi - 2012
Using the "firm" quotes obtained from the tick-by-tick EBS (electronic broking system that is a major trading platform for foreign exchanges) data, it is found that risk-free arbitrage opportunities--free lunch--do occur in the foreign exchange markets, but it typically last only a few seconds....
Persistent link: https://www.econbiz.de/10012460119
Cover Image
Taylor Rule Exchange Rate Forecasting During the Financial Crisis
Molodtsova, Tanya - 2012
interest rate in response to inflation and either the output or the unemployment gap, for the euro/dollar exchange rate with …
Persistent link: https://www.econbiz.de/10012460332
Cover Image
Dominant Currencies : How Firms Choose Currency Invoicing and Why it Matters
Amiti, Mary - 2020
foreign currencies, especially in the US dollar, exhibiting a lower pass-through of the euro-destination exchange rate and a …
Persistent link: https://www.econbiz.de/10012482146
Cover Image
Pegxit Pressure : Evidence from the Classical Gold Standard
Mitchener, Kris James - 2016
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/10012455836
Cover Image
The Global Dollar Cycle
Obstfeld, Maurice; Zhou, Haonan - National Bureau of Economic Research - 2023
The U.S. dollar's nominal effective exchange rate closely tracks global financial conditions, which themselves show a cyclical pattern. Over that cycle, world asset prices, leverage, and capital flows move in concert with global growth, especially influencing the fortunes of emerging and...
Persistent link: https://www.econbiz.de/10014247924