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Exchange Rate Determinants in Russia : 1992-1993

Koen, Vincent - 1994

This paper examines the evolution of the exchange rate of the ruble vis-à-vis the U.S. dollar from exchange rate unification, in July 1992, to the end of 1993. The expected and actual paths of the exchange rate are related to the exchange and trade regime and to the stance of financial and...

Persistent link: https://www.econbiz.de/10014398142

Capital Account Convertibility : A New Model for Developing Countries

Quirk, Peter J. - 1994

This paper analyzes issues for developing countries considering a move to capital account convertibility. It reviews …

Persistent link: https://www.econbiz.de/10014396047

Adopting Currency Convertibility : Experiences and Monetary Policy Considerations for Advanced Developing Countries

Quirk, Peter J. - 1994

move to full currency convertibility. The main experiences of industrial countries in their decontrol of international …

Persistent link: https://www.econbiz.de/10014396140

Trade Reform Under Partial Currency Convertibility : Some Suggestive Results

International Monetary Fund - 1988

. The latter is modelled by recognizing prior constraints on free currency convertibility that are imposed via the use of a …

Persistent link: https://www.econbiz.de/10014396238

Currency Convertibility and the Fund : Review and Prognosis

Galbis, Vicente - 1996

This paper reviews experience with currency convertibility on both the current and capital accounts, with particular … attention to the Fund’s concepts and policy implications. After discussing the basic concepts of convertibility, the paper … reviews the experience with convertibility in three groups of Fund members--industrial countries, developing countries, and …

Persistent link: https://www.econbiz.de/10014398501

Convertibility Risk : The Precautionary Demand for Foreign Currency in a Crisis

Mourmouras, Alex - 2001

This paper presents theoretical work linking money demand to the perceptions of households about the risk that domestic currency may become inconvertible or that it may be devalued. An empirical investigation of the size of this effect is carried out using both cross section data and then...

Persistent link: https://www.econbiz.de/10014400108

Recent shifts in capital flow patterns in Korea : an investor base perspective

Hansen, Niels-Jakob Harbo; Krogstrup, Signe - 2019

Koreas cross border capital flows have tended to respond negatively in global risk-off episodes, resulting in volatility in the foreign exchange market and occasional policy responses in the form of foreign exchange interventions. We study the relationship between Korean capital flows and global...

Persistent link: https://www.econbiz.de/10012154900

Global value chains and external adjustment : do exchange rates still matter?

Adler, Gustavo; Meleshchuk, Sergii; Osorio Buitron, Carolina - 2019

The paper explores how international integration through global value chains shapes the working of exchange rates to induce external adjustment both in the short and medium run. The analysis indicates that greater integration into international value chains reduces the exchange rate elasticity...

Persistent link: https://www.econbiz.de/10012155213

China's evolving exchange rate regime

Das, Sonali - 2019

China's exchange rate regime has undergone gradual reform since the move away from a fixed exchange rate in 2005. The renminbi has become more flexible over time but is still carefully managed, and depth and liquidity in the onshore FX market is relatively low compared to other countries with de...

Persistent link: https://www.econbiz.de/10012009461

U.S. dollar currency premium in corporate bonds

Caramichael, John; Gopinath, Gita; Liao, Gordon Y. - 2021

We isolate a U.S. dollar currency premium by comparing corporate bonds issued in the dollar and the euro by firms o utside t he U .S. a nd e uro a rea. We make s everal empirical observations that dissect the perceived advantage of borrowing in the dollar. First, while the dollar dominates...

Persistent link: https://www.econbiz.de/10012605639

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