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Exchange rate economics
Williamson, John (contributor) - 2008
Persistent link: https://www.econbiz.de/10003754987
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Expectations and exchange rate policy
Devereux, Michael B.; Engel, Charles - 2006
Persistent link: https://www.econbiz.de/10003326086
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The damage from clean floats : from an anti-inflationary monetary policy
Pope, Robin; Selten, Reinhard; Kaiser, Johannes; Kube, … - 2007
rate. The new model is within a broader theory that includes risk effectsnormally excluded, SKAT, the Stages of Knowledge … Ahead Theory. We use SKAT to analyse outliers inour experimental results, and indicate some new directions and foci for … ; IMF ; exchange rate regime ; exchange rate volatility ; experiment ; SKAT the Stages of Knowledge Ahead Theory ; monetary …
Persistent link: https://www.econbiz.de/10003612866
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On the contingency of equilibrium exchange rates with time-consistent economic policies
Bouveret, Antoine (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003510736
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The excess volatility of foreign exchange rates : statistical puzzle or theoretical artifact?
Hauswald, Robert - 1999 - August 1998, Current Version January 24, 1999
The inability to reconcile observed levels of foreign exchange rate volatility with predictions derived from rational expectations models represents one of the most persistent challenges in international finance. This paper shows that such excess volatility puzzles arise from informational...
Persistent link: https://www.econbiz.de/10010514297
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Concepts to calculate equilibrium exchange rates : an overview
MacDonald, Ronald - 2000
In this paper we present a critical overview of differnt methods of constructing an equilibrium exchange rate. The recent literature on purchasing power parity (PPP) indicates that on its own PPP is not a good vehicle for defining an equilibrium exchange rate. Rather, we argue that the latter...
Persistent link: https://www.econbiz.de/10011418788
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Central bank intervention and exchange rate expectations : evidence from the daily DM/US-Dollar exchange rate
Reitz, Stefan - 2002
In this paper we propose a generalisation of the noise trader transmission mechanism to examine the impact of central bank intervention on exchange rates. Within a heterogeneous expectations exchange rate model intervention operations are supposed to provide support to either chartist or...
Persistent link: https://www.econbiz.de/10011431685
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Exchange rates as exchange rate common factors
Greenaway-McGrevy, Ryan; Mark, Nelson C.; Sul, Donggyu; … - 2012
Persistent link: https://www.econbiz.de/10009775178
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Interpreting currency crises : a review of theory, evidence, and issues
Saqib, Omar Farooq - 2002
The main objective of this paper is to understand the causes and symptoms of currency crises by reviewing its seminal literature, establishing its determinants, and outlining some of the relevant issues. The paper highlights the need to comprehend the process, which may lead to the inconsistency...
Persistent link: https://www.econbiz.de/10011436884
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Preisträgheit und reale Wechselkursdynamik : die Persistenz realer Wechselkurse in dynamischen stochastischen Gleichgewichtsmodellen
Heil, Volker - 2003
Dieses Arbeitspapier untersucht Erklärungen für das hohe Mass an Persistenz und Volatilität des realen Wechselkurses. Dabei wird dem Ansatz gefolgt, dass die Schwankungen des realen Wechselkurses zurückzuführen sind auf exogene Schocks in Interaktion mit trägen Güterpreisen. Der Fokus...
Persistent link: https://www.econbiz.de/10011525120