Showing 1 - 10 of 102
This paper addresses difficulties in modelling exchange rates in South Africa. Real exchange rate models of earlier research seem to be sensitive to the sample period considered, alternative variable definition, data frequency and estimation methods. Alternative exchange rate models proposed in...
Persistent link: https://www.econbiz.de/10010554826
This paper studies how learning from neighboring firms affects new exporters’ performance and dynamics. We develop a …-level export data for all Chinese exporters over 2000-2006. Our findings are robust to controlling for firms’ supply shocks …
Persistent link: https://www.econbiz.de/10010752433
We explore the real effective exchange rate (REER) effects on the share of exports of Indian non-financial sector firms for the period 2000 to 2010. Our empirical analysis reveals that, on average, there has been a strong and significant negative impact of currency appreciation as well as...
Persistent link: https://www.econbiz.de/10010641419
This paper investigates, using the SVAR model of Clarida and Gali (1994), the sources of real exchange rate fluctuations in eight Central and East European new EU member states. Theoretically, one should expect the real exchange rates of Exchange Rate Mechanism II participants to be primarily...
Persistent link: https://www.econbiz.de/10005181548
Both before and after the Asian crisis, the dollar has been the dominant anchor and reserve currency in East Asia. Due to underdeveloped capital markets and the limited international role of their domestic currencies, the East Asian countries (except Japan) are likely to continue to stabilize...
Persistent link: https://www.econbiz.de/10005416447
compensation. Thus more firms within an industry and more industries become exporters. The above findings are consistent with …
Persistent link: https://www.econbiz.de/10005094333
firms and non-exporters. By the virtue of being exposed to higher competition, exporters require greater commitment and … men, exporters will statistically discriminate against female employees and will exhibit a higher GWG than non-exporters … between the genders and show that the initially higher GWG observed in exporting firms relative to non-exporters has gone down …
Persistent link: https://www.econbiz.de/10011257669
leads to higher average prices. We test the theory using detailed data for Brazilian exporters and find that the destination …
Persistent link: https://www.econbiz.de/10010671575
This paper examines the relationship between the credit constraints faced by a firm and the unit value prices of its exports. The paper modifies Arkolakis’s (2010) model of trade with heterogeneous firms by introducing endogenous quality and credit constraints. The model predicts that tighter...
Persistent link: https://www.econbiz.de/10010690383
This paper provides an update on the exchange rate pass-through (ERPT) estimates for 12 euro area (EA) countries. First, based on quarterly data over the 1990-2012 period, our study does not find a significant heterogeneity in the degree of pass-through across the monetary union members, in...
Persistent link: https://www.econbiz.de/10011277181