Narrow search
Showing 1 - 10 of 2,567
Cover Image
Conventional and Unconventional Approaches to Exchange Rate Modeling and Assessment
Chinn, Menzie D. - 2006
We examine the relative predictive power of the sticky price monetary model, uncovered interest parity, and a transformation of net exports and net foreign assets. In addition to bringing Gourinchas and Rey's new approach and more recent data to bear, we implement the Clark and West...
Persistent link: https://www.econbiz.de/10012466184
Cover Image
Policy Responses to Exchange-Rate Movements
Ball, Laurence M. - 2009
This paper examines policy responses to exchange-rate movements in a simple model of an open economy. The optimal response of monetary policy to an exchange-rate change depends on the source of the change: on whether the underlying shock is a shift in capital flows, manufactured exports, or...
Persistent link: https://www.econbiz.de/10012463476
Cover Image
On the Won and Other East Asian Currencies
Chinn, Menzie D. - 1998
Five East Asian currencies -- the Indonesian rupiah, Korean won, Singapore dollar, Taiwanese dollar, and the Thai baht … simulation, the out-of-sample fit of the estimated models is relatively good for the won, Singapore and New Taiwan dollars, and …
Persistent link: https://www.econbiz.de/10012472139
Cover Image
Foreign Affiliate Sales and Trade in Both Goods and Services
Li, Chunding - 2010
Because of the differing forms that international agreements on trade in goods and trade in services take in the GATT (1994) and the GATS there is an incompatibility between measures of world trade in goods and services. Measures of goods trade reflecting GATT (1994) are restricted to trade that...
Persistent link: https://www.econbiz.de/10012462384
Cover Image
Trade-in-goods and trade-in-tasks : An Integrating Framework
Baldwin, Richard - 2010
Our paper integrates results from trade-in-task theory into mainstream trade theory by developing trade-in-task analogues to the four famous theorems (Heckscher-Ohlin, factor price equalisation, Stolper-Samuelson, and Rybczynski) and showing the standard gains-from-trade theorem does not hold...
Persistent link: https://www.econbiz.de/10012462768
Cover Image
Trade Integration and Risk Sharing
Kraay, Aart - 2002
What are the effects of increased trade in goods and services on the trade balance? We study the effects of reducing transport costs in a Ricardian model with complete asset markets. Trade integration has three effects on the structure of the economy: a reduction in the home bias in consumption,...
Persistent link: https://www.econbiz.de/10012469911
Cover Image
The Tradability of Services : Geographic Concentration and Trade Costs
Gervais, Antoine - 2013
In this paper, we use a unique dataset on the distribution of output and demand across regions of the United States to estimate trade costs for 969 service and manufacturing industries. Our estimation method is a natural extension of the gravity model of trade and identifies trade costs in the...
Persistent link: https://www.econbiz.de/10012458904
Cover Image
The WTO Government Procurement Agreement and Its Impacts on Trade
Chen, Hejing - 2011
Results suggest that GPA membership has a positive impact on trade in both goods and services between parties as well as on outward foreign affiliate service sales. The number of GPA parties has a small marginal negative effect on trade in goods. Service exports also increase slightly with more...
Persistent link: https://www.econbiz.de/10012461293
Cover Image
Capital Flows and Exchange Rate Volatility : Singapore's Experience
Kapur, Basant K. - 2005
Singapore's experience with international capital flows over the past two decades or so has been a rather -- although … equities market, and operating on a Currency Board (CB) system (although with some differences from Singapore's CB system). The … discussion serves to identify some 'areas of vulnerability' in the Hong Kong set-up at that time. We next discuss Singapore …
Persistent link: https://www.econbiz.de/10012467314
Cover Image
The Yen and Its East Asian Neighbors, 1980-1995 : Cooperation or Competition?
Takagi, Shinji - 1996
closely with a depreciating yen, suggesting the countries' emphasis on export promotion. The Singapore dollar, on the other … contributed more to monetary cooperation in Asia than emphasis on export promotion …
Persistent link: https://www.econbiz.de/10012473118