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Crises, labor market policy, and unemployment
Bernal Verdugo, Lorenzo Ernesto; Furceri, Davide; … - 2012
impact on unemployment in the short term, but that this effect rapidly disappears in the medium term in countries with … with more rigid labor market institutions. These effects are even larger for youth unemployment in the short term and long …-term unemployment in the medium term. Conversely, large upfront, or gradual but significant, comprehensive labor …
Persistent link: https://www.econbiz.de/10009572447
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Labor market flexibility and unemployment : new empirical evidence of static and dynamic effects
Bernal Verdugo, Lorenzo Ernesto; Furceri, Davide; … - 2012
Persistent link: https://www.econbiz.de/10009572457
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Reforming the international financial architecture : the East Asian view
Lamberte, Mario B. - 2000
Despite the measures that have already been put in place to strengthen the international financial architecture in the wake of the Asian financial crisis, still much remain to be done. This paper tried to distinguish developing economies' views, in general, and East Asian views, in particular,...
Persistent link: https://www.econbiz.de/10011437511
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Capital account liberalization and exchange rate flexibility : scenarios for the Moroccan case
Ezzahid, Elhadj; Maouhoub, Brahim - 2014
This paper explores the links between gradual capital account liberalization and the exchange rate regime in Morocco where the process of economic and financial openness is relatively advanced. Using a game theory model with two economic agents, that are monetary authorities and domestic firms,...
Persistent link: https://www.econbiz.de/10010344070
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Currency Regimes and the Carry Trade
Accominotti, Olivier - 2019
This study exploits a new long-run data set of daily bid and offered exchange rates in spot and forward markets from 1919 to the present to analyze carry returns in fixed and floating currency regimes. We first find that outsized carry returns occur exclusively in the floating regime, being zero...
Persistent link: https://www.econbiz.de/10012900553
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Determinants of De Jure : de facto exchange rate regime gaps
Dudzich, Viktar - In: Journal of central banking theory and practice 11 (2022) 1, pp. 151-177
This paper investigates inconsistencies between countries' official exchange rate regime declarations (the so-called de jure exchange rate regimes) and their actual policy (de facto exchange rate regimes). These exchange rate regime gaps decrease the credibility of monetary policy and are...
Persistent link: https://www.econbiz.de/10012805976
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Exchange rate regime : which institutions to strengthen the viability of corner solutions?
Sali, Alhadj Malloum; André, Abessolo Yves; Paulin, … - In: EuroEconomica 39 (2020) 3, pp. 99-118
Persistent link: https://www.econbiz.de/10012613211
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Commodity price volatility, external debt and exchange rate regimes
Majumder, Monoj Kumar; Raghavan, Mala; Vespignani, Joaquin - 2020
Persistent link: https://www.econbiz.de/10013253978
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An empirical investigation into exchange rate regime choice and exchange rate volatility
Berger, Helge; Sturm, Jan-Egbert; Haan, Jakob de - 2000
We test a simple model of exchange rate regime choice with data for 65 non-OECD countries covering the period 1980-94.We find that the variance of output at home and in potential target c ountries as well as the correlation between home and foreign real activity are powerful and robust...
Persistent link: https://www.econbiz.de/10009781534
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Relationships between exchange rate regime, real exchange rate volatility and currency structure of government bonds in emerging markets
Dudzich, Viktar - In: Národohospodářský obzor : časopis věnovaný … 20 (2020) 1, pp. 3-22
Public foreign currency borrowing is a common problem of emerging markets. Scholars named it the original sin of foreign debt. It has a proven negative influence on economic growth and development, undermining financial stability, and increasing the probability of monetary crises. The roots of...
Persistent link: https://www.econbiz.de/10012242309