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In the past decade, some observers have noted an unusual aspect of the Mexican peso’s behavior: During periods when the U.S. dollar has risen (fallen) against other major currencies such as the euro, the peso has risen (fallen) against the dollar. Very few other currencies display this...
Persistent link: https://www.econbiz.de/10010577037
Although the link between oil prices and dollar exchange rates has been frequently analyzed, a clear distinction between prices and nominal exchange rate dynamics and a clarification of the issue of causality has not been provided. In addition, previous studies have mostly neglected...
Persistent link: https://www.econbiz.de/10010868790
This paper studies drivers of high-frequency (daily) dynamics of the South African rand vis-à-vis the dollar from January 2001 to July 2007. We find strong nonlinear effects of commodity prices, perceived country and emerging market risk premium and changes in the dollar-euro exchange rate on...
Persistent link: https://www.econbiz.de/10005046067
This paper examines the presence of asymmetric behavior in exchange rate pass-through (ERPT) to CPI inflation in 12 …-through ; inflation ; smooth transition regression models ; euro area …
Persistent link: https://www.econbiz.de/10009632682
This paper examines the presence of asymmetric behavior in exchange rate pass-through (ERPT) to CPI inflation in 12 …
Persistent link: https://www.econbiz.de/10010954801
respect to their previously used systems of exchange rate regimes. Also experiences concerning suppressing inflation and … examine formation of inflation processes within the conditions of various exchange rate regimes existing in the analyzed …
Persistent link: https://www.econbiz.de/10011273807
Currency substitution affects the mapping between social welfare and inflation by altering the underlying money demand … the actual pattern of currency substitution across varying rates of inflation and enables the study of an additional … inflation rate, which turns out to be 44% under baseline calibration, below which currency substitution decreases welfare and …
Persistent link: https://www.econbiz.de/10010636577
reduce inflation and limit the real appreciation of the rouble. Given the strength of Russia’s balance of payments during the … interventions which were only partially sterilised. As a result, inflation remained persistently high. During the global financial … greater exchange rate flexibility should be permitted since (i) commodity exporting countries can successfully run inflation …
Persistent link: https://www.econbiz.de/10008498033
rate movements start to influence the price inflation in China in a significant way. This paper estimates a structural …
Persistent link: https://www.econbiz.de/10010738000
The impact of changes in exchange rate on inflation is an issue of extreme importance for nations with a history of … high inflation. While there have been significant studies on industrial and advanced economies, little analysis has been … fundamentals on ERPT, and finds monetary policy stability, inflation rate and trade openness to have a positive impact on pass …
Persistent link: https://www.econbiz.de/10010617302