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Regime dependent dynamics of parallel and official exchange markets in China : evidence from cryptocurrency
Li, Huachen; Song, Tiezheng - In: Applied economics 56 (2024) 41, pp. 4952-4973
Persistent link: https://www.econbiz.de/10014560486
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Towards a Flexible Exchange Rate Policy in Russia
Beck, Roland; Barnard, Geoff - Economics Department, Organisation de Coopération et … - 2009
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
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Responding to the global financial crisis: Vietnamese exchange rate policy, 2008–2009
Takagi, Shinji; Pham, Thi Hoang Anh - In: Journal of Asian Economics 22 (2011) 6, pp. 507-517
The paper presents an analysis of exchange rate policy in Vietnam during 2008–2009. In early 2008, the country faced a … authorities responded with various exchange rate policy measures. The paper documents a shift in Vietnam's de facto exchange rate …
Persistent link: https://www.econbiz.de/10010576516
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The Swiss franc's honeymoon
Studer-Suter, Rahel; Janssen, Alexandra - 2014
To counter the sharp appreciation of the Swiss franc that set in in the wake of the European sovereign debt crisis, on September 6, 2011, the Swiss National Bank announced to enforce a minimum EUR/CHF exchange rate of CHF 1.20. We find that the simple, though elegant model for the exchange rate...
Persistent link: https://www.econbiz.de/10010402676
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Tracking the Euro
Koen, Vincent; Boone, Laurence; de Serres, Alain; … - 2001
During the first two years of monetary union, the euro's weakness surprised most market participants. Explanations proliferated ranging from fundamentals such as differences in growth prospects to psychological factors such as herd behaviour, but no single story fully accounts for the observed...
Persistent link: https://www.econbiz.de/10012446955
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Chinese foreign exchange reserves, policy choices and the U.S. economy
Neely, Christopher J. - 2017
China is both a major trading partner of the United States and the largest official holder of U.S. assets in the world. The value of Chinese foreign exchange reserves peaked at just over $4 trillion in June 2014, but has since declined to $3.19 trillion as of August 2016. This very large decline...
Persistent link: https://www.econbiz.de/10011586659
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Exchange rate pass-through to inflation in China
Jiang, Jiadan; Kim, David - In: Economic Modelling 33 (2013) C, pp. 900-912
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
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Quantitative modelling of the EUR/CHF exchange rate during the target zone regime of September 2011 to January 2015
Lera, Sandro Claudio; Sornette, Didier - 2015
Krugman (1991)'s target zone model has become the reference of a large part of this literature. Despite its simplicity and elegance, empirical evidence has been lacking. Deriving from Krugman's model analytical expressions for the conditional volatility and density distribution close to the...
Persistent link: https://www.econbiz.de/10011411918
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Monetary policy, external instruments and heteroskedasticity
Rieth, Malte; Schlaak, Thore; Podstawski, Maximilian - 2019 - This version: February 1, 2019
We develop a vector autoregressive framework that combines an external instrument and heteroskedasticity for the identification of monetary policy shocks. We show that exploiting both types of information sharpens structural inference, allows testing both the relevance and exogeneity condition...
Persistent link: https://www.econbiz.de/10012041145
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VAR Analysis of the Monetary Transmission Mechanism in Vietnam
Le Viet, H.; Pfau, W.D. - In: Applied Econometrics and International Development 9 (2009) 1
monetary policy can affect real output. Surprisingly, the connection between money and inflation is less clear in the Vietnam … mechanism in Vietnam, using the vector autoregression approach (VAR) and focusing on the reduced-form relationships between …
Persistent link: https://www.econbiz.de/10005012221