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Indeed, the specification of equilibrium in the world economy depends on the exchange rate regime and thus, the early … foreign exchange markets. However, the world has known several exchange rate systems beginning with the fixed-gold standard … exchange was deregulated, independent traders finally had access to the biggest trading market of the world; and these forex …
Persistent link: https://www.econbiz.de/10005619306
There are a plethora of measures of Australia’s international price competitiveness. This article provides a practitioners guide to those series. The currently available measures of international price competitiveness are found to be deficient. A theoretically sound measure is suggested and...
Persistent link: https://www.econbiz.de/10005837197
variables are statistically significant and carried the expected signs. As predicted by the theory, the rise of the income level …
Persistent link: https://www.econbiz.de/10011108092
How well does the monetary exchange rate model explain exchange rate behaviour in Nigeria? Using the Johansen -Juselius (1990) and Johansen (1991) cointegration technique, this paper examines the long-run validity of the monetary exchange rate model in Nigeria for the flexible exchange rate...
Persistent link: https://www.econbiz.de/10011108296
Asian will be the world's largest economy by 2050. Hence, it is not reasonable for Asian to continuously depend on US dollar …
Persistent link: https://www.econbiz.de/10011108662
predictions from economic theory. Policy implications are discussed and the conclusions of the analysis are a valuable …
Persistent link: https://www.econbiz.de/10011108845
As the economies of Asian have moved towards closer economic ties and trade integration in recent years, the establishment of regional exchange rate arrangement is becoming an important regional policy concern, particularly in the wake of the Asian currency crisis of 1997. Financial integration...
Persistent link: https://www.econbiz.de/10011108851
The classical case of comparative advantage is put into a new formal framework, that is, the behavioral axioms of standard economics are replaced by a set of structural axioms. This enables a comprehensive analysis that takes the effects on income and profit explicitly into account. The axioms...
Persistent link: https://www.econbiz.de/10011108888
We present empirical evidence on the business cycle relationship between nominal and real effective exchange rate, real GDP, consumption, investment, export, import and general government debt for a group of ten countries from the Central and Eastern Europe. We apply cross-correlation on...
Persistent link: https://www.econbiz.de/10011109425
Nigeria being a mono-product economy, where the main export commodity is crude oil, changes in oil prices has implications for the Nigerian economy and, in particular, exchange rate movements. The latter is mostly important due to the double dilemma of being an oil exporting and oil-importing...
Persistent link: https://www.econbiz.de/10011109692