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Monetary information arrivals and intraday exchange rate volatility : a comparison of the GARCH and the EGARCH models
Mokhtar, Darmoul; Harrathi, Nizar - HAL - 2007
In this article, we examine the intradaily Euro-dollar exchange rate volatility persistence result from the dissymmetric impact of monetary policy signals stemming from the ECB Council and the FOMC. A model is constructed by extending the AR(1)-GARCH (1,1) to an exponential process EGARCH (1,1),...
Persistent link: https://www.econbiz.de/10010750845
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Trade in services : How does it work ?
Rabaud, Isabelle - HAL - 2006
While services represent nearly 70 % of value added in all OECD countries, only a fifth of trade in goods and services is due to cross-border supply of services. Then internationalisation of services occurs by commercial presence of firms in host countries, its impact on white collar employment...
Persistent link: https://www.econbiz.de/10008794743
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The Discriminatory Effect of Domestic Regulations on International Trade in Services: Evidence from Firm-Level Data
Crozet, Matthieu; Milet, Emmanuel; Mirza, Daniel - HAL - 2013
services. They reduce both the decision to export and the individual exports. These results tend to prove that domestic …
Persistent link: https://www.econbiz.de/10011025967
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Invention and transfer of climate change-mitigation technologies: A global analysis
Dechezleprêtre, Antoine; Glachant, Matthieu; Hascic, Ivan - HAL - 2011
This article uses the European Patent Office Worldwide Patent Statistical Database to examine the geographic distribution and global diffusion of inventions in thirteen climate-mitigation technologies since 1978. The data suggest that until 1990 innovation was driven mostly by energy prices....
Persistent link: https://www.econbiz.de/10008792117
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Entry mode choice and target firm selection: private and collective incentive analysis
Zhao, Kai - HAL - 2011
The purpose of this paper is to formalize the choices of market entry strategy (Export Vs Greenfield investment Vs Cross … export credible threats. If greenfield FDI is viable, entering firm prefers acquiring the low-productivity firm, when the …, there is always the ambiguity between the foreign firm's preference and the government's judgment. If export entry option is …
Persistent link: https://www.econbiz.de/10010899386
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Intra-firm and arm's length trade: how distance matters?
Bombarda, Pamela - HAL - 2011
Multinational and exporting firms play a key role in trade patterns. To highlight the importance of intra-firm trade in share of world trade, this paper develops a model of trade and intra-firm trade with heterogeneous firms. In this set up, trade costs apply to both exports and multinational...
Persistent link: https://www.econbiz.de/10010899726
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On the Risk Comovements between the Crude Oil Market and the U.S. Dollar Exchange Rates
Truchis, Gilles De; Keddad, Benjamin - HAL - 2014
This article examines the volatility dependence between the crude oil price and four US dollar exchange rates using both fractional cointegration and copula techniques. The former exploits the long memory behavior of the volatility processes to investigate whether they are tied through a common...
Persistent link: https://www.econbiz.de/10010933834
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Inflation Targeting, Exchange Rate and Financial Globalization
Tahir, Muhammad Naveed - HAL - 2011
In this paper we investigate the impact of financial globalization on the behaviour of inflation targeting emerging market economies with respect to exchange rate - do central banks respond to exchange rate movements or not. We use quarterly data for six emerging market inflation targeting...
Persistent link: https://www.econbiz.de/10009372685
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Exchange Rate Undervaluation and Manufactured Exports: A Deliberate Strategy?
Nouira, Ridha; Plane, Patrick; Sekkat, K. - HAL - 2011
Recent literature suggests that a proactive exchange rate policy in accordance with price incentives (i.e. undervaluation) can foster manufactured exports and growth. This paper is built on these recent developments and investigates, using a sample of 52 developing countries, whether such a...
Persistent link: https://www.econbiz.de/10009278330
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Is it possible to discriminate between different switching regressions models? An empirical investigation
Charfeddine, Lanouar; Guegan, Dominique - HAL - 2008
In this paper we study, using the sup LR test, the possibility of discrimination between two classes of models: the Markov switching models of Hamilton (1989) and the Threshold Auto-Regressive Models (TAR) of Lim and Tong (1980). This work is motivated by the fact that generally practicians use,...
Persistent link: https://www.econbiz.de/10010738508