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A Model of Exchange Rate Regime Choice in the Transitional Economies of Central and Eastern Europe

Klyuev, Vladimir - 2001

The paper develops a model of exchange rate regime choice centered on the trade-off between internal price stability and external competitiveness and allowing for institutional costs of altering exchange rate arrangements. The main implication of the model is a nonlinear relationship between the...

Persistent link: https://www.econbiz.de/10014399840

Evolution of exchange rate behavior in the ASEAN-5 countries

Kljuev, Vladimir Vladimirovič; Dao, To-Nhu - 2016

-term volatility, particularly vis-a-vis the U.S. dollar. The degree of smoothing declined noticeably after the Asian Financial Crisis …

Persistent link: https://www.econbiz.de/10011715137

Real Exchange Rate Volatility : Does the Nominal Exchange Rate Regime Matter?

Liang, Hong - 1998

evidence supporting the nonneutrality hypothesis of nominal exchange regime on RER volatility. Also, regime shifts play an …

Persistent link: https://www.econbiz.de/10014400664

Opening Up and Geographic Diversification of Trade in Transition Economies

Havrylyshyn, Oli - 1998

This paper looks at the progress in transition and the geographic diversification of trade, focusing on two issues--the degree of trade openness and trade integration--for a sample of countries in transition. It concludes that about half of the group of countries sampled are becoming as open as...

Persistent link: https://www.econbiz.de/10014400761

Equilibrium Exchange Rates in Transition Economies

Halpern, Lionel - 1996

A stylized fact of the transition process is an early profound exchange rate depreciation followed by continuing real appreciation. Absent historical reference points, it is difficult to judge whether the real appreciation is threatening competitiveness. This paper interprets the stylized facts...

Persistent link: https://www.econbiz.de/10014398011

Exchange Rate and the Price Level in Socialist Economies

International Monetary Fund - 1990

The paper examines how the evolution from a classical centrally planned economy to a more market-oriented system will enhance the linkage between the exchange rate and the domestic price level. However, during the transition--as the economy continues to be predominantly state-owned, the...

Persistent link: https://www.econbiz.de/10014396482

Common Volatility Trends in the Central and Eastern European Currencies and the Euro

Pramor, Marcus - 2006

explore this question by comparing long-run volatility trends in CEE currencies and the euro. We find that these trends are … euro. Spillovers of volatility across regional markets appear to have diminished over time, with the exception of the … Hungarian forint, which remains a source of volatility shocks to regional currencies …

Persistent link: https://www.econbiz.de/10014404235

6½ decades of global trade and income : “new normal” or “back to normal” after GTC and GFC?

Kalra, Sanjay - 2016

Global merchandise trade expanded rapidly over the last 6 1\2 decades and its relationship with global income has seen ebbs and flows. This paper examines the shifts in this relationship using time series data over 1950-2014 and situates it in the current and longer term context. The...

Persistent link: https://www.econbiz.de/10011711761

Destabilizing stability? : exchange rate arrangements and foreign currency debt

Csonto, Balazs; Gudmundsson, Tryggvi - 2020

Emerging markets (EMs) often respond to shocks by intervening in foreign exchange (FX) markets and thus preventing full exchange rate adjustment. This response can serve to dampen the effect of shocks and increase monetary policy space but may also incentivize economic participants to increase...

Persistent link: https://www.econbiz.de/10012301949

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

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