Narrow search
Showing 1 - 10 of 35
Cover Image
Econometric VAR analysis of the effect of the foreign exchange reserves on macroeconomic variables in emerging countries : the case of BRIC countries
Krušković, Borivoje D. - In: Journal of central banking theory and practice 12 (2023) 3, pp. 87-109
This paper analyses the effects of the foreign exchange re-serves accumulation on the key nominal and real macroeconomicvariables (GDP, employment, prices and exchange rates) in BRICcountries (Brazil, Russia, India, China). VAR model was used toempirically examine the effect of accumulation of...
Persistent link: https://www.econbiz.de/10014566381
Cover Image
Exchange Rate Misalignment Estimates – Sources of Differences
Cheung, Yin-Wong - 2011
We study the differences in currency misalignment estimates obtained from alternative datasets derived from two International Comparison Program (ICP) surveys. A decomposition exercise reveals that the year 2005 misalignment estimates are substantially affected by the ICP price revision....
Persistent link: https://www.econbiz.de/10013119692
Cover Image
Exchange Rate Misalignments : A Comparison of China Today Against Recent Historical Experiences of Japan, Germany, Singapore and Taiwan
He, Xinhua - 2011
propagating inflation in the home economy …
Persistent link: https://www.econbiz.de/10013121272
Cover Image
Corporate Investment and the Exchange Rate : The Financial Channel
Banerjee, Ryan; Hofmann, Boris; Mehrotra, Aaron N. - 2021
Using firm-level data for 18 major global economies, we find that the exchange rate affects corporate investment through a financial channel: exchange rate depreciation dampens corporate investment through firm leverage and FX debt. These findings are consistent with the predictions of a...
Persistent link: https://www.econbiz.de/10013250472
Cover Image
Exchange Rate Fluctuations and the Financial Channel in Emerging Economies
Beckmann, Joscha; Comunale, Mariarosaria - 2021
This paper assesses the financial channel of exchange rate fluctuations for emerging countries and the link to the conventional trade channel. We analyze whether the effective exchange rate affects GDP growth, the domestic credit and the global liquidity measure as the credit in foreign...
Persistent link: https://www.econbiz.de/10013214255
Cover Image
Bilaterial Equilibrium Exchange Rates of EU Accession Countries Against the Euro
Rahn, Jörg - 2007
We apply BEER and PEER approaches to calculate real equilibrium exchange rates for five EU accession countries in central and east Europe. Bilateral nominal equilibrium exchange rates against the euro are obtained through algebraic transformation of the results. Panel cointegration techniques...
Persistent link: https://www.econbiz.de/10014224092
Cover Image
Interest rate and exchange rate volatility spillovers : multiscale perspective of monetary policy transmission in Ghana
Akosah, Nana Kwame; Alagidede, Paul; Schaling, Eric - In: Journal of central banking theory and practice 9 (2020) 1, pp. 135-167
Persistent link: https://www.econbiz.de/10012167220
Cover Image
The Pass-Through to Consumer Prices in CIS Economies : The Role of Exchange Rates, Commodities and Other Common Factors
Comunale, Mariarosaria - 2019
​This empirical study considers the pass-through of key nominal exchange rates and commodity prices to consumer prices in the Commonwealth of Independent States (CIS), taking into account the effect of idiosyncratic and common factors influencing prices. In order to do that, given the...
Persistent link: https://www.econbiz.de/10012902683
Cover Image
Effects of exchange rate, output gap, and output gap volatility on inflation volatility in Turkey
Özer, Mustafa; Grubišić, Zoran; Küçüksakarya, Sevilay - In: Journal of central banking theory and practice 12 (2023) 1, pp. 5-26
inflation volatility.Also, causality tests results indicate that changes in the exchangerate, output gap volatility, and output … gap will have permanent andtemporary causal effects on inflation volatility. The policymakersshould carefully consider … these results to implement appropriatepolicies to reduce inflation volatility. The finding that the shocks areof temporary …
Persistent link: https://www.econbiz.de/10014312187
Cover Image
Exchange and Interest Rate Channels During a Deflationary Era - Evidence from Japan, Hong Kong and China
Mehrotra, Aaron N. - 2007
We examine the role of the exchange and interest rate channels during recent deflation episodes in Japan, Hong Kong and China. We estimate open-economy structural vector autoregressive (SVAR) models for the three economies with different monetary regimes and varying degrees of openness. In both...
Persistent link: https://www.econbiz.de/10014225267