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Commodity Currencies and Empirical Exchange Rate Puzzles
Rogoff, Kenneth - 2002
This paper re-examines empirical exchange rate puzzles by focusing on three OECD economies (Australia, Canada, and New … Zealand) where primary commodities constitute a significant share of their exports. For Australia and New Zealand especially …
Persistent link: https://www.econbiz.de/10014399730
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The Impact of Monetary Policyon the Exchange Rate : Evidence From Three Small Open Economies
Zettelmeyer, Jeromin - 2000
interest rates to policy announcements—on the exchange rate in Australia, Canada, and New Zealand during the 1990s. The main …
Persistent link: https://www.econbiz.de/10014399930
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Explicit and Implicit Targets in Open Economies
Sgherri, Silvia - 2005
Under a flexible inflation targeting regime, should policymakers avoid any reaction to movements in the foreign exchange market? Using data for six advanced open economies explicitly targeting inflation, the paper examines empirically whether real exchange rate disequilibria systematically...
Persistent link: https://www.econbiz.de/10014404206
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External adjustment in a resource-rich economy : the case of Papua New Guinea
Nakatani, Ryota - 2017
How should resource-rich economies handle the balance of payments adjustment required after commodity price declines? This paper addresses the question theoretically by developing a simple two-period multi-sector model based on Nakatani (2016) to compare different exchange rate policies, and...
Persistent link: https://www.econbiz.de/10011763833
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Australia and New Zealand Exchange Rates : A Quantitative Assessment
Edison, Hali J. - 2009
for Australia and New Zealand. The baseline results using data and mediumterm projections available as of October 2008 …
Persistent link: https://www.econbiz.de/10014404282
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New Zealand banks’ vulnerabilities and capital adequacy
Jang, Byung K.; Kataoka, Masahiko - 2013
The paper finds that, given New Zealand’s conservative approach in implementing the Basel II framework, New Zealand banks’ headline capital ratios underestimate their capital strength. A comparison with Canadian, UK and Australian banks highlights the impact of New Zealand’s more...
Persistent link: https://www.econbiz.de/10012671009
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Retail Bank Interest Rate Pass-Through : Is Chile Atypical?
Rebucci, Alessandro - 2003
Chile, the United States, Canada, Australia, New Zealand, and five European countries. Overall, Chile''s pass-through does …
Persistent link: https://www.econbiz.de/10014399635
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What Drives House Prices in Australia? : A Cross-Country Approach
Wang, Shengzu - 2010
This paper analyzes the factors driving house prices in Australia from a cross-country perspective using several … approaches. It uses a cointegration technique to estimate the long-run equilibrium house prices in Australia, New Zealand, and … Canada and assesses the extent of a possible disequilibrium. It also presents an event analysis to shed some light on the …
Persistent link: https://www.econbiz.de/10014403165
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Commodity shocks and exchange rate regimes : implications for the Caribbean commodity exporters
Al-Sadiq, Ali J.; Bejar, Pablo; Ötker-Robe, İnci - 2021
Declining commodity prices during mid-2014-2016 posed significant challenges to commodity-exporting economies. The severe terms of trade shock associated with a sharp fall in world commodity prices have raised anew questions about the viability of pegged exchange rate regimes. More recently, the...
Persistent link: https://www.econbiz.de/10012604807
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Surprise, surprise : what drives the Rand/U.S. Dollar exchange rate volatility?
Maveé, Nasha; Perrelli, Roberto; Schimmelpfennig, Axel - 2016
This paper investigates possible drivers of volatility in the South African rand since the onset of the global financial crisis. We assess the role played by local and international economic surprises, commodity price volatility, global market risk perceptions, and local political uncertainty....
Persistent link: https://www.econbiz.de/10011715523