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High-frequency analysis of foreign exchange interventions : what do we learn?

Menkhoff, Lukas (contributor) - 2008

The high-frequency analysis of foreign exchange dynamics is helpful in order to better identify the impact of central bank interventions. Evidence robustly shows that interventions do indeed move the exchange rate level in the desired direction. Interventions increase volatility in the short run...

Persistent link: https://www.econbiz.de/10003790983

Shooting on a moving target : explaining European Bank rates during the interwar period

Wandschneider, Kirsten; Wolf, Nikolaus - 2009

This paper describes the monetary policy response of countries during the inter-war period. How did central banks react to the Great Depression? How did countries balance the externals demands of the gold standard with domestic policy pressures? What was the optimal level of international policy...

Persistent link: https://www.econbiz.de/10003854474

An empirical investigation into exchange rate regime choice and exchange rate volatility

Berger, Helge; Sturm, Jan-Egbert; Haan, Jakob de - 2000

We test a simple model of exchange rate regime choice with data for 65 non-OECD countries covering the period 1980-94.We find that the variance of output at home and in potential target c ountries as well as the correlation between home and foreign real activity are powerful and robust...

Persistent link: https://www.econbiz.de/10009781534

How shocks affect international reserves? : a quasi-experiment of earthquakes

Jinjarak, Yothin; Noy, Ilan; Ta, Quy - 2020

We evaluate the change in international reserves in the aftermath of significant external shocks. We examine the response of international reserves to shocks by using a quasi-experimental setup and focusing on earthquakes. The estimation is done on a panel of 103 countries over the period...

Persistent link: https://www.econbiz.de/10012300233

Pegxit pressure : evidence from the classical gold standard

Mitchener, Kris; Pina, Gonçalo - 2016

We develop a simple model that highlights the costs and benefits of fixed exchange rates as they relate to trade, and show that negative export-price shocks reduce fiscal revenue and increase the likelihood of an expected currency devaluation. Using a new high-frequency data set on...

Persistent link: https://www.econbiz.de/10011568741

Exit strategies, capital flight and speculative attacks : Europe's version of the trilemma

Steiner, Andreas; Steinkamp, Sven; Westermann, Frank - 2017

In the winter 2011/12 a wave of internal capital flight prompted the ECB to abandon its exit strategy and to announce an unprecedented monetary expansion. We analyze this episode in several dimensions: (i) by providing an event-study analysis covering key variables from national central banks'...

Persistent link: https://www.econbiz.de/10011754245

Bringing the Copenhagen global climate change negotiations to conclusion

Whalley, John (contributor); Walsh, Sean (contributor) - 2008

(China, India, Russia, Brazil) on the other. -- Climate change ; global negotiation …

Persistent link: https://www.econbiz.de/10003790759

Back to Kyoto? : US participation and the linkage between R&D and climate cooperation

Buchner, Barbara; Carraro, Carlo; Cersosimo, Igor; … - 2002

&D cooperation. This paper explores this idea by analysing on the one hand the incentives for EU, Japan and Russia to adopt this …

Persistent link: https://www.econbiz.de/10011409394

Do China and Russia undermine US sanctions? : evidence from DiD and event study estimation

Gutmann, Jerg; Neuenkirch, Matthias; Neumeier, Florian - 2022

panel difference-in-differences estimations and an event study design. Motivated by the claim that China and Russia … purposefully undermine US sanction efforts, we test whether target countries' trade with China and Russia increases under US trade … sanctions. We find no evidence for systematic sanction busting. Russia does not change its trade patterns with sanctioned …

Persistent link: https://www.econbiz.de/10013455721

The global sanctions data base - release 3 : Covid-19, Russia and multilateral sanctions

Syropoulos, Constantinos; Felbermayr, Gabriel; … - 2022

period of coverage from 1950-2019 to 1950-2022, which includes two special periods - COVID-19 and the war between Russia and … trade. We also obtain estimates of the effects on trade of the 2014 sanctions on Russia, …

Persistent link: https://www.econbiz.de/10013455750