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Pegxit Pressure : Evidence from the Classical Gold Standard
Mitchener, Kris James - 2017
devaluation. Using a new high-frequency data set on commodity-price movements from the classical gold standard era, we then show …
Persistent link: https://www.econbiz.de/10012965714
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Shooting on a Moving Target : Explaining European Bank Rates during the Interwar Period
Wandschneider, Kirsten - 2013
to the Great Depression? How did countries balance the externals demands of the gold standard with domestic policy … estimate central bank rate reaction functions for a panel of 22 countries during the inter-war gold standard. The estimates …
Persistent link: https://www.econbiz.de/10013095799
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Identifying Uncertainty Shocks Using the Price of Gold
Piffer, Michele - 2017
constructed by exploiting variations in the price of gold around events that capture periods of changes in uncertainty. The … variations in the price of gold around the events correlate with the underlying uncertainty shocks, due to the perception of gold …
Persistent link: https://www.econbiz.de/10012961957
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Divorce and Gold Coins : A Case Study of Iran
Farzanegan, Mohammad Reza - 2018
price of gold coin is an important factor in cost-benefit analysis for individuals in their marriage and divorce decisions … in Iran. Dowries (Mehrieh) are usually in the form of gold coin and a wife has a legal right to them upon both parties … signing the marriage contract. Increasing the price of gold coin may intensify the internal stress and struggles within …
Persistent link: https://www.econbiz.de/10012924341
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Exchange Rate Uncertainty and International Portfolio Flows
Caporale, Guglielmo Maria - 2013
This paper examines the impact of exchange rate uncertainty on different components of portfolio flows, namely equity and bond flows, as well as the dynamic linkages between exchange rate volatility and the variability of these two types of flows. Specifically, a bivariate GARCH-BEKK-in-mean...
Persistent link: https://www.econbiz.de/10013081704
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The U.S. Dollar Exchange Rate and the Demand for Oil
De Schryder, Selien - 2013
Using recent advances in panel data estimation techniques, we find that an appreciation of the US dollar exchange rate leads to a significant decline in oil demand for a sample of 65 oil-importing countries. The estimated effect turns out to be much larger than the impact of a shift in the...
Persistent link: https://www.econbiz.de/10013086048
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On the Inclusion of the Chinese Renminbi in the SDR Basket
Bénassy-Quéré, Agnès - 2013
This paper studies the impact of a broadening of the SDR basket to the Chinese currency on the composition and volatility of the basket. Although, in the past, RMB inclusion would have had negligible impact due to its limited weight, a much more significant impact can be expected in the next...
Persistent link: https://www.econbiz.de/10013089684
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International Portfolio Flows and Exchange Rate Volatility for Emerging Markets
Caporale, Guglielmo Maria - 2015
This paper investigates the effects of equity and bond portfolio inflows on exchange rate volatility, using monthly bilateral data for the US vis-a-vis eight Asian developing and emerging countries (India, Indonesia, South Korea, Pakistan, Hong Kong, Thailand, the Philippines, and Taiwan) over...
Persistent link: https://www.econbiz.de/10013009868
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International Financial Market Integration, Asset Compositions, and the Falling Exchange Rate Pass-Through
Enders, Almira - 2018
This paper provides an explanation for the observed decline of the exchange rate pass-through into import prices by modeling the effects of financial market integration on the optimal choice of the pricing currency in the context of rigid nominal goods prices. Contrary to previous literature, we...
Persistent link: https://www.econbiz.de/10012933708
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China's Current Account and Exchange Rate
Cheung, Yin-Wong - 2013
predicted by estimates based upon a cross-country sample, when using the 2006 vintage of the World Development Indicators. The …
Persistent link: https://www.econbiz.de/10012753166