This paper examines how exchange rate volatility and Korean banks' foreign exchange liquidity mismatches interacted …

During 2001-07, increases in mature market volatility were associated with declines in forex returns for East Asian … increase in mature market equity volatility generated an exchange rate depreciation of up to ½ percent. This sensitivity rose …

We examine the relationship between South African Rand and gold price volatility using monthly data for the period 1980 … volatility but the causality runs the other way around for the post-liberalization period. These findings suggest that gold price … volatility plays a key role in explaining both the excessive exchange rate volatility and current disproportionate share of …

Intro -- Contents -- I. INTRODUCTION -- II. METHODOLOGY AND DATA -- III. VOLATILITY DYNAMICS IN CENTRAL AND EASTERN …

: the degree of equality of the income distribution; democratic institutions; export orientation (with higher propensities … to export manufactures, greater openness to FDI, and avoidance of exchange rate overvaluation favorable for durati …

through two channels. First, by reducing export income volatility and allowing for a smoother consumption path. Second, by … against future export income). Under plausibly calibrated parameters, the second channel may lead to much la …

the standard IRBC model helps explaining the observed high real exchange rate volatility. Also we show that the observed … increase of the real exchange rate volatility with respect to output in the last 20 year can be explained by changes in t …

cointegration techniques. The application of cointegration methodology allows distinguishing between long-run (debt-to-GDP ratio …