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How much intraregional exchange rate variability could a currency union remove? : the case of ASEAN+3
Qin, Duo (contributor); Tan, Tao (contributor) - 2008
of the world. The intraregional exchange rate variability is thus latent. A two-step procedure is developed to measure …
Persistent link: https://www.econbiz.de/10003740327
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Dollar Safety and the Global Financial Cycle
Jiang, Zhengyang - 2020
exorbitant privilege, spillovers of the U.S. monetary policy to the rest of the world, and the dollar as a global risk factor. In …
Persistent link: https://www.econbiz.de/10012481230
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Global Macro Risks in Currency Excess Returns
Berg, Kimberly A. - 2017
We study the cross-sectional variation of carry-trade-generated currency excess returns in terms of their exposure to global macroeconomic fundamental risk. The risk factor is the cross-country high-minus-low conditional skewness of the unemployment rate gap. It gives a measure of global...
Persistent link: https://www.econbiz.de/10012453947
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Changing trade patterns, unchanging European and global governance
O'Neill, Jim; Terzi, Alessio - 2014
The world economy is going through its biggest transformation in a relatively short space time. There have been many … seems little understood. In turn, there has been little preparation for, or adjustment to, this changing world, though if …. We highlight the dramatic degree of the shifts taking place in world GDP and trade and include fresh projections of what …
Persistent link: https://www.econbiz.de/10010354737
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"Unusual, Unstable, Complicated, Unreliable and Temporary" Reinterpreting the Ebb and Flow of Globalization
Bordo, Michael D.; Schenk, Catherine R. - National Bureau of Economic Research - 2021
organize: World War I, Bretton Woods, 1970s Great Inflation and Managed Floating. Each turning point was characterized by …
Persistent link: https://www.econbiz.de/10012599404
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Dollarization and Trade
Klein, Michael W. - 2002
Dollarization has been suggested as a policy that might, among other goals, promote trade between a country adopting the dollar and the United States. Evidence supporting this conjecture could be drawn from a recent series of papers by Rose and co-authors who show that a currency union increases...
Persistent link: https://www.econbiz.de/10012469836
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Does a Currency Union Affect Trade? The Time Series Evidence
Glick, Reuven - 2001
Does leaving a currency union reduce international trade? We answer this question using a large annual panel data set covering 217 countries from 1948 through 1997. During this sample a large number of countries left currency unions; they experienced economically and statistically significant...
Persistent link: https://www.econbiz.de/10012470324
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Estimating the Effect of Currency Unions on Trade and Output
Frankel, Jeffrey A. - 2000
Gravity-based cross-sectional evidence indicates that currency unions stimulate trade; cross-sectional evidence indicates that trade stimulates output. This paper estimates the effect that currency union has, via trade, on output per capita. We use economic and geographic data for over 200...
Persistent link: https://www.econbiz.de/10012470886
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One Money, One Market : Estimating the Effect of Common Currencies on Trade
Rose, Andrew K. - 1999
A gravity model is used to assess the separate effects of exchange rate volatility and currency unions on international trade. The panel data set used includes bilateral observations for five years spanning 1970 through 1990 for 186 countries. In this data set, there are over one hundred...
Persistent link: https://www.econbiz.de/10012471350
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The New Nexus among Trade, Industrial and Exchange-Rate Policies
Richardson, J. David - 1983
. Among other conclusions are the following. (1) In a world of spatially mobile capital and reasonably accurate expectations …
Persistent link: https://www.econbiz.de/10012478003