Narrow search
Showing 1 - 10 of 549
Cover Image
Exchange Rates and Wages in an Integrated World
Spilimbergo, Antonio - 2009
We analyze how the pass-through from exchange rate to domestic wages depends on the degree of integration between domestic and foreign labor markets. Using data from 66 countries over the period 1981-2005, we find that the elasticity of domestic wages to real exchange rate is 0.1 after a year...
Persistent link: https://www.econbiz.de/10012677474
Cover Image
What Makes Growth Sustained?
Ostry, Jonathan David - 2008
We identify structural breaks in economic growth in 140 countries and use these to define ""growth spells:"" periods of high growth preceded by an upbreak and ending either with a downbreak or with the end of the sample. Growth spells tend to be shorter in African and Latin American countries...
Persistent link: https://www.econbiz.de/10012677563
Cover Image
Euro's Challenge to the Dollar : Different Views from Economists and Evidence from COFER (Currency Composition of Foreign Exchange Reserves) and Other Data
Lim, Ewe-Ghee - 2006
Intro -- Contents -- I. INTRODUCTION -- II. WHY IS THERE A NEED FOR INTERNATIONAL MONEY? -- III. CONCEPTUAL FRAMEWORK-FACTORS THAT FACILITATE INTERNATIONAL CURRENCY STATUS -- IV. REASONS FOR THE DIFFERENT VIEWS -- V. EMPIRICAL EVIDENCE TO DATE -- VI. MEDIUM-TERM PROSPECTS FOR THE EURO -- VII....
Persistent link: https://www.econbiz.de/10012691027
Cover Image
Commodity Prices and Exchange Rate Volatility : Lessons from South Africa's Capital Account Liberalization
Dumitrescu, Elena - 2012
We examine the relationship between South African Rand and gold price volatility using monthly data for the period 1980 …-2010. Our main findings is that prior to capital account liberalization the causality runs from South African Rand to gold price … volatility but the causality runs the other way around for the post-liberalization period. These findings suggest that gold price …
Persistent link: https://www.econbiz.de/10012690174
Cover Image
The Effects of Economic News on Commodity Prices
Roache, Shaun K. - 2009
prices. Results show that gold is unique among commodities, with prices reacting to specific scheduled announcements in the … United States and the Euro area (such as indicators of activity or interest rate decisions) in a manner consistent with gold …
Persistent link: https://www.econbiz.de/10012677809
Cover Image
India’s Recent Macroeconomic Performance: An Assessment and Way Forward
Kapur, Muneesh; Mohan, Rakesh - International Monetary Fund (IMF) - 2014
would also facilitate a reduction in inflation, which would moderate gold imports and favorably impact real exchange rate …
Persistent link: https://www.econbiz.de/10011142116
Cover Image
How effective is monetary transmission in low-income countries? : a survey of the empirical evidence
Mishra, Prachi; Montiel, Peter - 2012
This paper surveys the evidence on the effectiveness of monetary transmission in low-income countries. It is hard to come away from this review with much confidence in the strength of monetary transmission in such countries. We distinguish between the ""facts on the ground"" and ""methodological...
Persistent link: https://www.econbiz.de/10009618588
Cover Image
Exchange rate fluctuations and international portfolio rebalancing in Thailand
Gyntelberg, Jacob; Loretan, Mico; Subhanij, Tientip - 2012
We present empirical evidence that the Thai baht's value is driven in part by investors' cross-border equity portfolio rebalancing decisions. Our results are based on comprehensive datasets of FX and stock market transactions undertaken by nonresident investors in Thailand in 2005 and 2006....
Persistent link: https://www.econbiz.de/10009621634
Cover Image
Private information, capital flows, and exchange rates
Gyntelberg, Jacob; Loretan, Mico; Subhanij, Tientip - 2012
We demonstrate empirically that not all capital flows influence exchange rates equally: Capital flows induced by foreign investors' stock market transactions have both an economically significant and a permanent impact on exchange rates, whereas capital flows induced by foreign investors'...
Persistent link: https://www.econbiz.de/10009621637
Cover Image
Exchange rate and foreign interest rate linkages for Sub-Saharan Africa floaters
Thomas, Alun - 2012
The paper considers the determinants of exchange rate movements among sub-Saharan countries that have flexible exchange rate regimes. The determinants are based on the law of one price and interest parity conditions. Results indicate that the exchange rates have responded significantly to...
Persistent link: https://www.econbiz.de/10009621648