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On the inclusion of the Chinese renminbi in the SDR basket

Bénassy-Quéré, Agnès; Capelle, Damien - HAL - 2012

We study the impact of a broadening of the SDR basket to the Chinese currency on the composition and volatility of the basket. Although, in the past, RMB inclusion would have had negligible impact due to its limited weight, a much more significant impact can be expected in the next decades, and...

Persistent link: https://www.econbiz.de/10011025822

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

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

their volatility on trade flows in China, the Euro area and the United States in two broadly defined sectors, agriculture on …

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

Are Southeast Asian Real Exchange Rates Mean Reverting?

Bec, Frédérique; Zeng, Songlin - HAL - 2012

Since the late nineties, both theoretical and empirical analysis devoted to the real exchange rate suggest that their dynamics might be well approximated by nonlinear models. This paper examines this possibility for post-1970 monthly ASEAN-5 data, extending the existing research in two...

Persistent link: https://www.econbiz.de/10010540567

Equilibrium on International Assets and Goods Markets

Fontaine, Patrice; Van, Cuong Le - HAL - 2010

Most of the international asset pricing models are developed in the situation where purchasing power parity (PPP) is not respected. Investors of different countries do not agree on expected security returns. However, in this case, an equilibrium on the international assets market may exist but...

Persistent link: https://www.econbiz.de/10010603675

The international transmission of monetary shocks in a dollarized economy: The case of USA and Lebanon

Goux, Jean-François; Cordahi, Charbel - HAL - 2007

We show that an American monetary shock wields an influence, though limited, over the Lebanese output in accordance with the literature advances. However, as we are waiting for a stronger transmission of U.S. short-term rates to Lebanese short-term rates, we notice that this transmission is weak...

Persistent link: https://www.econbiz.de/10008790871

Purchasing Power Parity for developing and developed countries. What can we learn from non-stationary panel data models?

Drine, Imed; Rault, Christophe - HAL - 2008

The aim of this paper is to apply recently developed panel cointegration techniques proposed by Pedroni (1999, 2004) and generalized by Banerjee and Carrion-i-Silvestre (2006) to examine the robustness of the PPP concept for a sample of 80 developed and developing countries. We find that strong...

Persistent link: https://www.econbiz.de/10008791812

Detecting Mean Reversion in Real Exchange Rates from a Multiple Regime STAR Model

Bec, Frédérique; Bensalem, Mélika; Carrasco, Marine - HAL - 2010

Recent studies on general equilibrium models with transaction costs show that the dynamics of the real exchange rate are necessarily nonlinear. Our contribution to the literature on nonlinear price adjustment mechanisms is threefold. First, we model the real exchange rate by a Multi-Regime...

Persistent link: https://www.econbiz.de/10010899153

Forecasting exchange rates better than the random walk thanks to machine learning techniques

Amat, Christophe; Michalski, Tomasz; Stoltz, Gilles - HAL - 2014

Using methods from machine learning - adaptive sequential ridge regression with discount factors - that prevent overfitting in-sample for better and more stable forecasting performance out-of-sample we show that fundamentals from the PPP, UIRP and monetary models consistently improve the...

Persistent link: https://www.econbiz.de/10010899931

Strategic Interactions in Environmental Regulation Enforcement: Evidence from Chinese Provinces

Renard, Mary-Françoise; Xiong, Hang - HAL - 2012

towards China's decentralization of environment policy implementation as well as its fiscal arrangements. …

Persistent link: https://www.econbiz.de/10009651572

Determinants of FDI into China and Vietnam: A comparative study

Pham, Thi-Hong-Hanh - HAL - 2012

Since the inception of economic reforms, China in 1978 and Vietnam in 1986, both countries have become successful … between China and Vietnam?" through a comparative study of the FDI determinants. In other words, this paper revisits the … determinants of FDI into China and Vietnam by employing an augmented gravity model and using a panel dataset containing information …

Persistent link: https://www.econbiz.de/10009651580

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