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growth rate and the level of dollarization in emerging market economies. We consider two different panels including 12 and 22 … with fi xed exchange rate regimes show a higher level of dollarization. When outfl ows are sizeable, ERR no longer impacts … the level of dollarization. These results suggest that ERR should be an important variable in conceiving the policy mix to …
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This paper aims at investigating the interactions between three key macroeconomic imbalances, namely Global imbalances,current-account discrepancies (external imbalances), output gaps (internal imbalances), and exchange-rate misalignments. To this end, we rely on the estimation of a panel VAR...
Persistent link: https://www.econbiz.de/10010827750
Oil-exporting countries usually experience large current account improvements following a sharp increase in oil prices. In this paper, we investigate this oil price-current account relationship on a sample of 27 oil-exporting economies. Relying upon the estimation of panel smooth transition...
Persistent link: https://www.econbiz.de/10010827785