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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
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The impact of monetary strategies on inflation persistence
Kočenda, Evžen; Varga, Balázs - 2017
We analyze the impact of price stability-oriented monetary strategies (inflation targeting - IT - and constraining exchange rate arrangements) on inflation persistence using a time-varying coefficients framework in a panel of 68 countries (1993-2013). We show that explicit IT has a stronger...
Persistent link: https://www.econbiz.de/10011597229
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International portfolio flows and exchange rate volatility for emerging markets
Caporale, Guglielmo Maria; Ali, Faek Menla; Spagnolo, Fabio - 2015
This paper investigates the effects of equity and bond portfolio in.ows 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/10011387464
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Capital controls and exchange rate regimes : an empirical investigation
Berger, Helge; Sturm, Jan-Egbert; Haan, Jakob de - 2001
It is often argued that deregulation of international transactions and its effects on the globalization of financial markets is behind the decline in the attractiveness of fixed exchange rate regimes. We argue that, instead, much of the recently observed decrease in the level of capital controls...
Persistent link: https://www.econbiz.de/10011398048
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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
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Does the nominal exchange rate regime matter for investment?
Böhm, Hjalmar; Funke, Michael - 2001
This paper analyses the impact of exchange rate uncertainty upon the pattern of investment in different exchange rate regimes (very hard pegs, intermediate regimes, and floats) by means of a unified approach. The comparison of different exchange rate regimes indicates that currency volatility...
Persistent link: https://www.econbiz.de/10011400788
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Working time reduction and employment in a finite world
Fagnart, Jean-François; Germain, Marc; Van der Linden, … - 2021
production to zero, we show that the effects of a WTR on (un)employment depend on the abundance of natural capital. If it is …
Persistent link: https://www.econbiz.de/10012643552
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Has creative destruction become more destructive?
Komlos, John - 2014
Schumpeter's concept of creative destruction as the engine of capitalist development is well-known. However, that the destructive part of creative destruction is a social cost and therefore biases our estimate of the impact of the innovation on NNP and on welfare is hardly acknowledged, with the...
Persistent link: https://www.econbiz.de/10010393293
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Do labor market institutions influence suicide mortality? : an international panel data analysis
Breuer, Christian; Rottmann, Horst - 2014
1970 - 2011 and explicitly analyze the effects of unemployment and labor market institutions on suicide rates. In line with … a large body of literature our results suggest that unemployment increases suicide mortality, while real economic growth … tends to decrease suicides. The results also indicate that unemployment benefits decrease suicides of males, while …
Persistent link: https://www.econbiz.de/10010375378
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COVID-19 outbreak, social response, and early economic effects : a global VAR analysis of cross-country interdependencies
Milani, Fabio - 2020
adjustments. Unemployment responses vary widely across countries. Unemployment is particularly responsive to health shocks in the … U.S. and Spain, while unemployment fluctuations are attenuated almost everywhere else. …
Persistent link: https://www.econbiz.de/10012263745