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Fundamentals at Odds? The U.S. Current Account Deficit and The Dollar
Milesi-Ferretti, Gian-Maria - 2008
The real effective exchange rate of the dollar is close to its minimum level for the past 4decades (as of September 2008). At the same time, however, the U.S. trade and currentaccount deficits remain large and, absent a significant correction in coming years, wouldcontribute to a further...
Persistent link: https://www.econbiz.de/10012677685
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FX funding risks and exchange rate volatility : Korea’s case
Ree, Jack Joo K.; Yoon, Kyoungsoo; Park, Hail - 2012
This paper examines how exchange rate volatility and Korean banks' foreign exchange liquidity mismatches interacted …
Persistent link: https://www.econbiz.de/10009679020
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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 … 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 …
Persistent link: https://www.econbiz.de/10012690174
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Global Volatility and Forex Returns in East Asia
Kalra, Sanjay - 2008
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 …
Persistent link: https://www.econbiz.de/10012677655
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IMF's Reserves Template and Nominal Exchange Rate Volatility.
Cady, John - 2006
Persistent link: https://www.econbiz.de/10012690966
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Common Volatility Trends in the Central and Eastern European Currencies and the Euro.
Pramor, Marcus - 2006
Intro -- Contents -- I. INTRODUCTION -- II. METHODOLOGY AND DATA -- III. VOLATILITY DYNAMICS IN CENTRAL AND EASTERN …
Persistent link: https://www.econbiz.de/10012691001
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Trade Effects of Currency Unions : Do Economic Dissimilarities Matter?
Albertin, Giorgia - 2008
This paper provides a general equilibrium analysis of the trade effects of the formation of a currency union, and of its subsequent enlargement to include an economically dissimilar country. Furthermore, it investigates how economic dissimilarities among countries affect the magnitude of the...
Persistent link: https://www.econbiz.de/10014409072
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Trade Effects of Currency Unions
Albertin, Giorgia - 2008
This paper provides a general equilibrium analysis of the trade effects of the formation of a currency union, and of its subsequent enlargement to include an economically dissimilar country. Furthermore, it investigates how economic dissimilarities among countries affect the magnitude of the...
Persistent link: https://www.econbiz.de/10012677679
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In Search of WTO Trade Effects
Eicher, Theo S. - 2009
The literature measuring the impact of Preferential Trade Agreements (PTA) and WTO membership on trade flows has produced remarkably diverse results. Rose's (2004) seminal paper reports a range of specifications that show no WTO effects, but Subramanian and Wei (2007) contend that he does not...
Persistent link: https://www.econbiz.de/10012677726
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Current Account Developments in New Member States of the European Union : Equilibrium, Excess, and EU-Phoria
Rahman, Jesmin - 2008
This paper analyzes current account (CA) developments in the following 10 new EU members states: Czech Republic, Bulgaria, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia. During the last 15 years, these countries, on average, have run CA deficits that are...
Persistent link: https://www.econbiz.de/10014409019