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other fundamentals on the spot exchange rate in Colombia. Using wavelet band spectrum regressions, I find that changes of …
Persistent link: https://www.econbiz.de/10014335504
volatility, especially in the past decade. Nevertheless, dollarised countries benefit from higher levels of investment and trade …
Persistent link: https://www.econbiz.de/10014422437
This study examines the dynamic nexus betwixt oil prices, twenty-two world agricultural commodity prices and given the evolution of the relative strength of the US dollar in a panel setting. We use panel cointegration and Panel Granger causality methods for a panel of twenty-two agricultural...
Persistent link: https://www.econbiz.de/10012023904
Persistent link: https://www.econbiz.de/10012207254
A set of multivariate GARCH models is estimated and its empirical validity is compared from the calculation of the Value at Risk. Data used are the daily returns of the nominal exchange rate of the Colombian peso vis-a-vis the American dollar, euro, sterling and Japanese yen for the period...
Persistent link: https://www.econbiz.de/10014220508
In this paper, I develop an Economic Policy Uncertainty (EPU) measure for Colombia based on news coverage, as the one … with major events in the economic history of Colombia. The purpose of these indexes is to help researchers to investigate … developing country like Colombia …
Persistent link: https://www.econbiz.de/10014030146
Persistent link: https://www.econbiz.de/10014368310
This paper examines the link between real exchange rate volatility and domestic investment by using panel data … cointegration techniques. We study the empirical connection between real effective exchange rate volatility and investment for 51 … illustrate that real effective exchange rate volatility has a strong negative impact on investment. This outcome is robust in low …
Persistent link: https://www.econbiz.de/10012062442
This paper develops a model of exchange rate dynamics that takes into account speculative positions in foreign and domestic equities in addition to the "standard" positions in short-term riskless deposits. The modeling of cross-country stock holdings is motivated by evidence that a large and...
Persistent link: https://www.econbiz.de/10013129102
This paper studies the impact of real exchange rate volatility on firm level investment using data on Indian … manufacturing firms. Real exchange rate volatility is found to have a negative impact on firm level investment spending. The impact … is non-linear in the level of exchange rate volatility and depends upon the size of firm's mark-up and its trade exposure …
Persistent link: https://www.econbiz.de/10012952912