Showing 1 - 10 of 965
Persistent link: https://www.econbiz.de/10009756805
This study shows that in Mexico there is a long-run relationship between the real exchange rate and capital inflows … of quarterly capital inflow to quarterly (annualized) GDP causes a long-run real appreciation of the peso of about 12 …
Persistent link: https://www.econbiz.de/10014399257
The relationship between international payments and the real exchange rate—the “transfer problem” is a classic question in international economics. We use new data on countries’ net external positions together with real exchange rate data to shed light on this question. We present a...
Persistent link: https://www.econbiz.de/10014399934
This paper uses an intertemporal optimizing model of a small open economy to analyze how terms of trade changes affect real exchange rates and the trade balance. We consider temporary current, anticipated future, and permanent changes in the terms of trade. The results suggest that the...
Persistent link: https://www.econbiz.de/10014396150
The effects of government expenditures on interest rates, terms of trade, and real exchange rates are examined in a three-good (importables, exportables, nontradables), two-country, intertemporal, optimizing model. Temporary spending increases (on tradable or nontradable goods) may raise or...
Persistent link: https://www.econbiz.de/10014396165
This paper uses a computable general equilibrium model of the economy of Trinidad and Tobago to assess the effects of trade liberalization and terms-of-trade shocks on the real exchange rate and the overall fiscal position of the government. The model is also used to evaluate the implications of...
Persistent link: https://www.econbiz.de/10014398103
Using a simple dependent - economy framework, this paper outlines the links between the equilibrium real exchange rate and some of its fundamental exogenous determinants, mainly terms of trade movements and commercial policy changes. Drawing on existing studies of trade flows in developing...
Persistent link: https://www.econbiz.de/10014398706
In this paper a general equilibrium intertemporal model with optimizing consumers and producers is developed to analyze how the imposition of a temporary import tariff affects the path of real exchange rates and the current account. The model is completely real, and considers a small open...
Persistent link: https://www.econbiz.de/10014395800
Many arguments that have been advanced in favor of maintaining capital controls within the EC have not paid sufficient … which the welfare consequences of capital controls can be assessed. Two main issues are considered. First, how do capital … arguments for maintaining capital controls given that certain distortions will remain after the European single market is in …
Persistent link: https://www.econbiz.de/10014396039
Persistent link: https://www.econbiz.de/10009424700