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China's Current Account and Exchange Rate
Cheung, Yin-Wong - 2013
We examine whether the Chinese exchange rate is misaligned and how Chinese trade flows respond to the exchange rate and to economic activity. We find, first, that the Chinese currency, the renminbi (RMB), is substantially below the value predicted by estimates based upon a cross-country sample,...
Persistent link: https://www.econbiz.de/10012753166
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Catching-Up, Inflation Differentials and Credit Booms in a Heterogeneous Monetary Union : Some Implications for Emu and New EU Member States
MacDonald, Ronald - 2013
In this paper we propose an alternative explanation for the nature, sources and consequences of inflation rate differentials in a monetary union, such as EMU. To achieve this, we build on the new neoclassical synthesis (NNS) framework, recently advanced by Goodfriend (2002) and Goodfriend and...
Persistent link: https://www.econbiz.de/10012754168
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Recent Estimates of Exchange Rate Pass-Through to Import Prices in the Euro Area
Ben Cheikh, Nidhaleddine - 2015
This paper provides an update on the exchange rate pass-through (ERPT) estimates for 12 Euro area (EA) countries. First …-through elasticities, we find very weak evidence of a decline around the inception of the euro in 1999. However, our results reveal that a …
Persistent link: https://www.econbiz.de/10013022505
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The Pass-Through of Exchange Rate in the Context of the European Sovereign Debt Crisis
Ben Cheikh, Nidhaleddine - 2015
heavily indebted Euro area countries, namely the so-called GIIPS group (Greece, Ireland, Italy, Portugal, and Spain). Using …
Persistent link: https://www.econbiz.de/10013012532
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Does Marketing Widen Borders? Cross-Country Price Dispersion in the European Car Market
Dvir, Eyal - 2017
We study cross-country price differences in the European market for new passenger cars based on detailed pricing and technical data. Car prices in Europe converged until the year 2003, but not thereafter. Within the EU 15 countries the price range of the median model in 2004 was close to 20...
Persistent link: https://www.econbiz.de/10012947447
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Prospects of Regional Cooperation in Trade, Investment and Finance in Asia : An Empirical Analysis on Bimstec Countries and Japan
Bhattacharya, Swapan K. - 2013
The seven-nation Bay of Bengal Initiative for Multisectoral Technical and Economic Cooperation (BIMSTEC), comprising Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand is emerging as one of the major subregional groups in Asia. Japan is the second largest trading partner for...
Persistent link: https://www.econbiz.de/10012754288
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Are the Baltic Countries Ready to Adopt the Euro? A Generalised Purchasing Power Parity Approach
Caporale, Guglielmo Maria; Ciferri, Davide; Girardi, … - 2021
This paper focuses on macroeconomic interdependencies between the Euro area and three transition economies (Estonia …, Lithuania and Latvia), with the aim of establishing whether the latter are ready to adopt the Euro. The theoretical framework is … exchange rate vis-a-vis the Euro of each Baltic country, reflecting a degree of real convergence consistent with Optimum …
Persistent link: https://www.econbiz.de/10013316490
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Catching-Up and Credit Booms in Central and Eastern European EU Member States and Acceding Countries : An Interpretation within the New Neoclassical Synthesis Framework
Backe, Peter - 2013
some policy implications at a stage in which these countries are preparing for their prospective integration with the euro …
Persistent link: https://www.econbiz.de/10012754091
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On the Influence of Oil Prices on Stock Markets : Evidence from Panel Analysis in GCC Countries
Arouri, Mohamed; Rault, Christophe - 2021
This paper implements recent bootstrap panel cointegration techniques and Seemingly Unrelated regression (SUR) methods to investigate the existence of a long-run relationship between oil prices and Gulf Corporation Countries (GCC) stock markets. Since GCC countries are major world energy market...
Persistent link: https://www.econbiz.de/10013316349
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The Euro/Dollar Exchange Rate : Chaotic or Non-Chaotic?
Federici, Daniela - 2011
econometrically estimated in continuous time with Euro/Dollar data and examined for the possible presence of chaotic motion. Our …
Persistent link: https://www.econbiz.de/10013126002