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The Short-Run and Long-Run Effects of Trade Openness on Financial Development : Some Panel Evidence for Europe

Caporale, Guglielmo Maria; Sova, Anamaria; Sova, Robert - 2021

This paper analyses the short- and long-run effects of trade openness on financial development in a panel including …

Persistent link: https://www.econbiz.de/10013227601

Political Risk and Real Exchange Rate : What Can We Learn from Recent Developments in Panel Data Econometrics for Emerging and Developing Countries?

Bahmani‐Oskooee, Mohsen - 2019

Cross- Sectionally Augmented ARDL approach of Chudik and Pesaran (2015b), and the panel threshold estimation of Chudik et al …

Persistent link: https://www.econbiz.de/10012892145

An Equilibrium Theory of Nominal Exchange Rates

Hagedorn, Marcus - 2021

This paper proposes an equilibrium theory of nominal exchange rates, which offers a new perspective on various issues in open economy macroeconomics. The nominal exchange rate and portfolio choices are jointly determined in equilibrium, thus providing a new approach to overcoming the...

Persistent link: https://www.econbiz.de/10013212261

The Impacts of the Dollar-Renminbi Exchange Rate Misalignment on the China-United States Commodity Trade : An Asymmetric Analysis

Ferjani, Sabrine; Saafi, Sami; Nouira, Ridha; Rault, … - 2022

Contrary to most existing studies of the literature that assumed that the effects of real exchange rate (RE) misalignment on trade flows are symmetric, this paper considers a more general and realistic framework allowing for possible asymmetric effects. We use monthly time-series data over the...

Persistent link: https://www.econbiz.de/10013291707

On the Exchange Rate and Economic Policy Uncertainty Nexus : A Panel VAR Approach for Emerging Markets

Abid, Abir - 2020

We examine the Exchange Rate Volatility (ERV) response to the Economic Policy Uncertainty (EPU) shocks from a panel VAR …

Persistent link: https://www.econbiz.de/10012837681

A panel data investigation of real exchange rate misalignment and growth

MacDonald, Ronald; Vieira, Flávio - 2010

of real exchange rate misalignment using panel cointegration methods. The variables used in our real exchange rate models … using time series data from 1980 to 2004. We first estimate a panel data model (using fixed and random effects) for the real …-step System GMM panel growth models indicate that the coefficients for real exchange rate misalignment are positive for different …

Persistent link: https://www.econbiz.de/10010270496

Purchasing power parity for developing and developed countries: what can we learn from non-stationary panel data models?

Drine, Imed; Rault, Christophe - 2008

The aim of this paper is to apply recently developed panel cointegration techniques proposed by Pedroni (1999, 2004 …

Persistent link: https://www.econbiz.de/10010264327

Exchange Rate Parities and Taylor Rule Deviations

Anderl, Christina; Caporale, Guglielmo Maria - 2021

This paper investigates the PPP and UIP conditions by taking into account possible nonlinearities as well as the role of Taylor rule deviations under alternative monetary policy frameworks. The analysis is conducted using monthly data from January 1993 to December 2020 for five...

Persistent link: https://www.econbiz.de/10013236279

Nonlinearities and Asymmetric Adjustment to PPP in an Exchange Rate Model with Inflation Expectations

Anderl, Christina; Caporale, Guglielmo Maria - 2021

This paper estimates a model of the real exchange rate including standard fundamentals as well as two alternative measures of inflation expectations for five inflation targeting countries (UK, Canada, Australia, New Zealand, Sweden) over the period January 1993-July 2019. Both a benchmark linear...

Persistent link: https://www.econbiz.de/10013243236

The Globalisation-Welfare State Nexus : Evidence from Asia

Potrafke, Niklas - 2019

How globalisation influences social expenditure has been examined for industrialized countries. Globalisation has often been shown to be positively associated with social expenditure in established industrialized countries, a finding that corroborates the compensation hypothesis. Scholars have...

Persistent link: https://www.econbiz.de/10012892254