Similar Search Results

To what extent do exchange rates and their volatility affect trade ?

Huchet-Bourdon, Maryline; Korinek, J. - HAL - 2011

Trade deficits and surpluses are sometimes attributed to intentionally low or high exchange rate levels. The impact of exchange rate levels on trade has been much debated but the large body of existing empirical literature does not suggest an unequivocally clear picture of the trade impacts of...

Persistent link: https://www.econbiz.de/10010899210

Taux de change réel et productivité en Chine

Jeanneney, Sylviane Guillaumont; Hua, Ping - HAL - 2011

1993 and 2001 have exerted on productivity growth. We give theoretical arguments explaining the impact of the real exchange … rate on productivity via its effects either on efficiency growth or on technical progress. Then for the twenty-nine Chinese … provinces we calculate the growth of the productivity and of its two components, using DEA Malmquist index. Finally we present a …

Persistent link: https://www.econbiz.de/10008805933

Real Exchange Rate Undervaluation and Growth: Is there a Total Factor Productivity Growth Channel?

Mbaye, Samba - HAL - 2012

"capital accumulation channel" and the "total factor productivity (TFP) growth channel". This paper carries out the first … undervaluation of the currency boost the overall productivity level in the economy? If so, does this "undervaluation …-induced" productivity improvement significantly enhance growth? And finally, what is the magnitude of the TFP growth channel compared to the …

Persistent link: https://www.econbiz.de/10010899605

Exchange Rate Misalignments and World Imbalances: a FEER Approach for Emerging Countries

Aflouk, Nabil; Jeong, Se-Eun; Mazier, Jacques; … - HAL - 2011

Since the mid-1990s, the world imbalances have increased significantly with a large US current deficit facing Asian surpluses, mainly Chinese. Since 2007, a partial reduction of these imbalances has been obtained, largely thanks to production's decreases, without large exchange rate adjustments....

Persistent link: https://www.econbiz.de/10009226839

Global Imbalances: Should We Use Fundamental Equilibrium Exchange Rates?

Saadaoui, Jamel - HAL - 2013

The reduction of global imbalances observed during the climax of crisis is incomplete. In this context, currencies realignments are still proposed to ensure global macroeconomic stability. These realignments are based on equilibrium rates derived from equilibrium exchange rate models. Among...

Persistent link: https://www.econbiz.de/10010692159

Temporal Dimension and Equilibrium Exchange Rate: a FEER / BEER Comparison

Lòpez-Villavicencio, Antonia; Mazier, Jacques; … - HAL - 2012

We analyze, in a unified theoretical framework, the two main models for equilibrium exchange rate, namely, the BEER and the FEER approaches. In order to understand the interactions between them, we study in detail the temporal links between these two measures. Our results show that, in average,...

Persistent link: https://www.econbiz.de/10009645460

Exchange Rate Misalignments at World and European Levels: a FEER Approach

Jeong, Se-Eun; Mazier, Jacques; Saadaoui, Jamel - HAL - 2010

Since the mid-1990s, we observe an increase of world current account imbalances. These imbalances have only been partially reduced since the burst of the crisis in 2007. They reflect, to some extent, exchange rate misalignments, an issue which has been frequently studied in the literature....

Persistent link: https://www.econbiz.de/10008789089

Financial market imperfections and the impact of exchange rate movements

Berman, Nicolas; Berthou, Antoine - HAL - 2006

This paper analyses empirically the role of financial market imperfections in the way countries' exports react to a currency depreciation. Using quarterly data for 27 developed and developing countries over the period 1990-2005, we find that the impact of a depreciation on exports will be less...

Persistent link: https://www.econbiz.de/10010750638

Real Exchange Rates and China's Bilateral Exports towards Industrialized Countries

Hua, Ping - HAL - 2011

A bilateral export demand function is developed to study the effects on the Chinese bilateral exports of three real exchange rates, corresponding respectively to the price-competitiveness of Chinese products on the market of the considered import country (traditional effect), on China's other...

Persistent link: https://www.econbiz.de/10008805105

New financial architecture and regional monetary integration in Latin America

Ponsot, Jean-François - HAL - 2009

Reducing transaction costs and the need for international reserves is a primary objective to the establishment of regional payment agreements. Another objective, especially in the case of Latin America where the Ecuadorian promoters of the Bank of the South and the New Architecture are planning...

Persistent link: https://www.econbiz.de/10008789254

1
2
3
4
5
6
7
8
9
Next
Last