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Monetary Policy with Flexible Exchange Rates and Forward Interest Rates as Indicators

Svensson, Lars E.O. - 1994

yield curve. Monetary policy in France, Germany, Great Britain, Sweden and the United States is interpreted with the help of …

Persistent link: https://www.econbiz.de/10012474301

Re-Evaluating Swedish Membership in EMU : Evidence from an Estimated Model

Söderström, Ulf - 2008

I revisit the potential costs and benefits for Sweden of joining the Economic and Monetary Union (EMU) of the European … inflation and GDP growth might have been slightly higher if Sweden had been a member of EMU since the launch in 1999, but also … in the monetary union would be advantageous for Sweden …

Persistent link: https://www.econbiz.de/10012464128

Currency Undervaluation and Comparative Advantage

Bergin, Paul R. - National Bureau of Economic Research - 2022

undervaluation can foster domestic manufacturing in countries like China by sustaining trade surplus, it also can harm a country …

Persistent link: https://www.econbiz.de/10012814474

Five Facts about the UIP Premium

Kalemli-Ozcan, Sebnem; Varela, Liliana - National Bureau of Economic Research - 2021

We document five novel facts about Uncovered Interest Parity (UIP) deviations vis-à-vis the U.S. dollar for 34 currencies of advanced economies and emerging markets, using survey data on expected exchange rate. First, the UIP premium co-moves with global risk perception (VIX) for all...

Persistent link: https://www.econbiz.de/10012585407

The U.S. Current Account Deficit : Gradual Correction or Abrupt Adjustment?

Edwards, Sebastian - 2006

In this paper I use a large multi-country data set to analyze the determinants of abrupt and large "current account reversals." The results from a variance-component probit model indicate that the probability of experiencing a major current account reversal is positively affected by larger...

Persistent link: https://www.econbiz.de/10012466540

Exchange Rate Prediction Redux : New Models, New Data, New Currencies

Cheung, Yin-Wong - 2017

Previous assessments of nominal exchange rate determination, following Meese and Rogoff (1983) have focused upon a narrow set of models. Cheung et al. (2005) augmented the usual suspects with productivity based models, and "behavioral equilibrium exchange rate" models, and assessed performance...

Persistent link: https://www.econbiz.de/10012455414

Puzzles in the Forex Tokyo “Fixing” : Order Imbalances and Biased Pricing by Banks

Ito, Takatoshi - 2016

"Fixing" in the foreign exchange market is a market practice that determines the bid-ask-mid-point exchange rate at a scheduled time, 10am in Tokyo and 4pm in London. The fixing exchange rate is then applied to the settlement of foreign exchange transactions between banks and retail customers...

Persistent link: https://www.econbiz.de/10012455860

Abundance from Abroad : Migrant Income and Long-Run Economic Development

Khanna, Gaurav; Murathanoglu, Emir; Theoharides, Caroline; … - National Bureau of Economic Research - 2022

How does income from international migrant labor affect the long-run development of migrant-origin areas? We leverage the 1997 Asian Financial Crisis to identify exogenous changes in international migrant income across regions of the Philippines, derived from spatial variation in exposure to...

Persistent link: https://www.econbiz.de/10013172161

Commodity prices, commodity currencies, and global economic developments

Groen, Jan J. J. - 2010

In this paper we seek to produce forecasts of commodity price movements that can systematically improve on naive statistical benchmarks, and revisit the forecasting performance of changes in commodity currencies as efficient predictors of commodity prices, a view emphasized in the recent...

Persistent link: https://www.econbiz.de/10012462882

Misalignment of exchange rates : effects on trade and industry

Marston, Richard C. (contributor) - 1988

Persistent link: https://www.econbiz.de/10000748760

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