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A role model for China? : exchange rate flexibility and monetary policy in Japan
Schnabl, Gunther (contributor); Danne, Christian (contributor) - 2007
Persistent link: https://www.econbiz.de/10003499570
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The signalling channel of central bank interventions : modelling the yen
Chen, Yu-Fu; Funke, Michael; Glanemann, Nicole - 2011
the yen/US dollar dynamics. -- exchange rates ; interventions ; Japan …
Persistent link: https://www.econbiz.de/10009312174
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Foreign currency denominated assets and international shock absorption in Switzerland and Japan
Schnabl, Gunther - 2015
Currencies of countries with persistent current account surpluses and high foreign currency denominated assets such as the Swiss franc and Japanese yen are under a persistent appreciation pressure, what restricts the degree of freedom in the choice of exchange rate regime. Official announcements...
Persistent link: https://www.econbiz.de/10011392509
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Net foreign asset positions and appreciation expectations on the Swiss franc and the Japanese yen
Latsos, Sophia; Schnabl, Gunther - 2015
The paper shows that currencies of countries with persistent current account surpluses and high foreign-currency denominated assets, such as the Swiss franc and the Japanese yen, are under persistent appreciation pressure, particularly when the centres of the world monetary system follow...
Persistent link: https://www.econbiz.de/10011309557
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Japan's imbalance of payments
Müller-Plantenberg, Nikolas - 2003
During the past three decades, Japan s current account experienced five large swings. The yen appreciated considerably … in periods when the current account boomed, and it depreciated whenever Japan s external performance weakened. However … regularities. It argues that as a result of the large movements of the current account, the flows of cash between Japan and ist …
Persistent link: https://www.econbiz.de/10011404619
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Japanese foreign exchange intervention and the Yen/Dollar exchange rate : a simultaneous equations approach using realized volatility
Hillebrand, Eric (contributor); Schnabl, Gunther (contributor) - 2006
Persistent link: https://www.econbiz.de/10003364632
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Stabilisation and rebalancing with fiscal or monetary devaluation : a model-based comparison
Vogel, Lukas - 2015
The paper uses a small open economy general-equilibrium model to compare fiscal and nominal exchange rate devaluation with respect to their impact on economic activity and the current account. In particular, it investigates to which extent fiscal devaluation mimics nominal exchange rate...
Persistent link: https://www.econbiz.de/10011392516
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The impact of macro news and central bank communication on emerging European forex markets
Égert, Balázs; Kočenda, Evžen - 2013
We employ two-stage empirical strategy to analyze the impact of macroeconomic news and central bank communication on the exchange rates of three Central and Eastern European (CEE) currencies against the euro. First we estimate the nominal equilibrium exchange rate based on a monetary model....
Persistent link: https://www.econbiz.de/10009764449
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Exchange-rate adjustment and macroeconomic interdependence between stagnant and fully employed countries
Ono, Yoshiyasu - 2014
This paper presents a two-country two-commodity dynamic model with free international asset trade in which one country achieves full employment and the other suffers long-run unemployment. Own and spill-over effects of changes in policy, technological and preference parameters that emerge...
Persistent link: https://www.econbiz.de/10010250169
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An equilibrium theory of nominal exchange rates
Hagedorn, Marcus - 2021
This paper proposes an equilibrium theory of nominal exchange rates, which offers a new perspective on various issues in open economy macroeconomics. The nominal exchange rate and portfolio choices are jointly determined in equilibrium, thus providing a new approach to overcoming the...
Persistent link: https://www.econbiz.de/10012619299