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How Robust are Estimates of Equilibrium Real Exchange Rates : The Case of China

Dunaway, Steven Vincent - 2006

Intro -- Contents -- I. INTRODUCTION -- II. THE MACROECONOMIC BALANCE APPROACH -- III. THE EXTENDED PPP APPROACH: SINGLE-COUNTRY ESTIMATES -- IV. THE EXTENDED PPP APPROACH: PANEL DATA ESTIMATES -- V. CONCLUDING REMARKS -- APPENDIX. METHODOLOGICAL DIFFICULTIES OF DEALING WITH SLOPE HETEROGENEITY...

Persistent link: https://www.econbiz.de/10012690973

Regional Convergence in Latin America.

Serra, Maria Isabel - 2006

Intro -- Contents -- I. INTRODUCTION -- II. METHODOLOGY -- III. SUMMARY RESULTS FOR LATIN AMERICA -- IV. COUNTRY-BY-COUNTRY RESULTS -- V. CONCLUSIONS -- APPENDIX: DATA SOURCES AND DEFINITIONS -- REFERENCES.

Persistent link: https://www.econbiz.de/10012691198

Zero Corporate Income Tax in Moldova

Piatkowski, Marcin - 2008

Global economic integration intensified tax competition and raised concerns about the resulting ""race to the bottom"", which could undermine public investment and social spending. The aim of this paper is to test predictions that (i) there is interdependence in CIT rate setting in Eastern...

Persistent link: https://www.econbiz.de/10012677646

Renminbi Usage in Cross-Border Payments: Regional Patterns and the Role of Swaps Lines and Offshore Clearing Banks

Perez-Saiz, Hector - 2023

The paper examines the usage of the Renminbi (RMB) as an international payment currency. Globally, the use of RMB … differences can be partly explained by an economy's geographic distance, political distance, and trade linkages with China …. However, it also reflects the impact of policy measures by the People's Bank of China, including establishing bilateral swap …

Persistent link: https://www.econbiz.de/10015059540

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

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

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

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

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 with each other during the Global Financial Crisis, and whether the vulnerability stemming from this interaction has been reduced since then. Structural and cyclical changes after...

Persistent link: https://www.econbiz.de/10009679020

IMF's Reserves Template and Nominal Exchange Rate Volatility.

Cady, John - 2006

Persistent link: https://www.econbiz.de/10012690966

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