Showing 1 - 10 of 140
) inflation (or deflation) and net investment, the lack of openness to foreign direct investment, and an aged population explain …
Persistent link: https://www.econbiz.de/10011278133
) inflation (or deflation) and net investment, the lack of openness to foreign direct investment, and an aged population explain …
Persistent link: https://www.econbiz.de/10011278189
Most studies of exchange rate exposure of stock returns do not address three relevant aspects simultaneously. They are, namely : sensitivity of stock returns to exchange rate changes; sensitivity of volatility of stock returns to volatility of changes in foreign exchange market; and the...
Persistent link: https://www.econbiz.de/10009363774
This paper examines the conditional time-varying currency betas from five developed markets and four emerging markets. A trivariate BEKK-GARCH-in-mean model is used to estimate the timevarying conditional variance and covariance of returns of stock index, the world market portfolio and changes...
Persistent link: https://www.econbiz.de/10009363801
Since the early 1990s, there is an upsurge in foreign capital flows to developing economies, particularly into emerging markets. One view argues that capital inflows do help to increase efficiency, a better allocation of capital and to fill up the investment-saving gap. Adherents to that view...
Persistent link: https://www.econbiz.de/10009363920
The paper examines the impact of recent inflation and financial shocks on the vulnerable, and explores policy design to … reduce both future shocks and vulnerability to shocks. Inflation affects the typical savings cum pension portfolio and the …, which tend to increase with age, aggravate the psychological trauma associated with inflation. The decline of traditional …
Persistent link: https://www.econbiz.de/10009363830
We examine determinants of inflation in China. Analyses of both yearonyear and monthonmonth growth data confirm excess … liquidity, output gap, housing prices and stock prices positively affecting inflation. Impulse response analyses indicate that … exchange rates on inflation are relatively weak. Our results suggest that output gap is as important as excess liquidity in …
Persistent link: https://www.econbiz.de/10009363914
This study contributes to the stock returns-inflation relation literature in developing countries by revisiting the … effective hedge against inflation usingmonthly data on real stock return, inflation and real activity from April 1980 to March … real activity; (ii) the negative stock returns-inflation relation emerges fromthe unexpected component of the inflation and …
Persistent link: https://www.econbiz.de/10009365438
exchange rate pegging outperforms domestic producer price index inflation targeting at high degrees of intratemporal elasticity … pegging outperforms domestic or consumer price index inflation targeting if the exchange rate is misaligned. …
Persistent link: https://www.econbiz.de/10011278052
exchange rate pegging outperforms domestic producer price index inflation targeting at high degrees of intratemporal elasticity … pegging outperforms domestic or consumer price index inflation targeting if the exchange rate is misaligned. …
Persistent link: https://www.econbiz.de/10011278151