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Firm-Specific Characteristics and the Timing of Foreign Direct Investment Projects
Raff, Horst; Ryan, Michael John - 2021
This paper uses a proportional hazard model to study foreign direct investment by Japanese manufacturers in Europe …
Persistent link: https://www.econbiz.de/10013317273
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A Role Model for China? Exchange Rate Flexibility and Monetary Policy in Japan
Schnabl, Gunther; Danne, Christian - CESifo - 2007
provides an important role model for China, this paper studies the role of the yen/dollar exchange rate for Japanese monetary … impact on Japanese monetary policy in periods of appreciation. This implies rising uncertainty and that repeated attempts to …
Persistent link: https://www.econbiz.de/10005405989
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Carry Funding and Safe Haven Currencies : A Threshold Regression Approach
Hossfeld, Oliver - 2015
currencies, and the euro serves as a hedge currency. Results for the yen support its role as a carry funding vehicle, but not …
Persistent link: https://www.econbiz.de/10013030487
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The Signaling Channel of Central Bank Interventions : Modelling the Yen/US Dollar Exchange Rate
Chen, Yu-Fu - 2013
objectives of central bank. The model is used to analyze the impact of Japanese FX interventions during the period 1999-2011 on … the yen/US dollar dynamics …
Persistent link: https://www.econbiz.de/10013092279
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Japanese Foreign Exchange Intervention and the Yen/Dollar Exchange Rate : A Simultaneous Equations Approach Using Realized Volatility
Hillebrand, Eric T.; Schnabl, Gunther; Ulu, Yasemin - 2021
We use realized volatility to study the influence of central bank interventions on the yen/dollar exchange rate … Japanese monetary authorities did not have the desired effect with respect to the exchange rate level and we measure an … successful interventions, both in depreciating the yen and in reducing exchange rate volatility …
Persistent link: https://www.econbiz.de/10013317518
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Net Foreign Asset Positions and Appreciation Expectations on the Swiss Franc and the Japanese Yen
Latsos, Sophia - 2015
-currency denominated assets, such as the Swiss franc and the Japanese yen, are under persistent appreciation pressure, particularly when …
Persistent link: https://www.econbiz.de/10013014984
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Fiscal Policy and Dutch Disease
Ploeg, Frederick Van der - CESifo - 2011
In this paper we revisit the Dutch disease paying particular attention to the role of specific factors of production and capital stock dynamics. The main insight is that if the natural resource rich windfall is substantial but not large enough for the country to become a rentier, capital goods...
Persistent link: https://www.econbiz.de/10008914280
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Coordinating Climate and Trade Policies: Pareto Efficiency and the Role of Border Tax Adjustments
Keen, Michael; Kotsogiannis, Christos - CESifo - 2011
This paper explores the role of trade instruments in globally efficient climate policies, focusing on the central issue of whether border tax adjustment (BTA) is warranted when carbon prices differ internationally. It shows that tariff policy has a role in easing cross-country distributional...
Persistent link: https://www.econbiz.de/10009147741
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Trade, Trust and Institutions
Yu, Shu; Haan, Jakob de; Beugelsdijk, Sjoerd - CESifo - 2011
To investigate the relation between trust and formal institutions, we analyze bilateral trade patterns in a sample of 16 European countries between 1996-2009. Trust in trading partners has a significant positive effect on bilateral trade. However, our results suggest that trust and formal...
Persistent link: https://www.econbiz.de/10009294097
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Capacity Constraining Labor Market Frictions in a Global Economy
Holzner, Christian; Larch, Mario - CESifo - 2011
Convex vacancy creation costs shape firms’ responses to trade liberalization. They induce capacity constraints by increasing firms’ cost of production, leading a profit maximizing firm not to fully meet the increased foreign demand. Hence, firms will only serve a few export markets. More...
Persistent link: https://www.econbiz.de/10009320777