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Are Entrepreneurs Aware of Covered Interest Parity and Dollar Shortage?
Nariman, Farhad; Heshmati, Almas - 2022
The purpose of this study is demonstrating why entrepreneurs should monitor the broad dollar index. This paper explains the reason why the broad dollar index has become a risk (leverage) gauge since 2008 using the Covered Interest Parity (CIP). CIP can be viewed as a reflection of the shadow...
Persistent link: https://www.econbiz.de/10013406442
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The Role of the Exchange Rate Regime in the Process of Real and Nominal Convergence
D'Adamo, Gaetano - 2013
the same increase in the dual productivity growth (that is, the difference in productivity growth between the traded and … expected as a consequence of productivity convergence on the basis of the B-S effect …
Persistent link: https://www.econbiz.de/10013074886
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Employment, Exchange Rates and Labour Market Rigidity
Alexandre, Fernando - 2010
There is increasing evidence that the interaction between shocks and labour market institutions is crucial to understanding the dynamics of employment. In this paper, we show that the inclusion of labour adjustment costs in a trade model affects the impact of exchange rate movements on...
Persistent link: https://www.econbiz.de/10013144390
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Manufacturing Employment and Exchange Rates in the Portuguese Economy : The Role of Openness, Technology and Labour Market Rigidity
Alexandre, Fernando - 2010
In this paper, we explore empirically the role of openness, technology and labour market rigidity in the determination of the effect of the exchange rate on employment in Portugal. We develop an index that allows us to measure labour market flexibility at the sector level. This index shows that...
Persistent link: https://www.econbiz.de/10013136773
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The Yen Exchange Rate and the Hollowing Out of the Japanese Industry
Belke, Ansgar Hubertus - 2019
Since the demise of the Bretton Woods system, the yen has seen several episodes of strong appreciation, including in the late 1970s, after the 1985 Plaza Agreement, the early and late 1990s and after 2008. These appreciations have not only been associated with "expensive yen recessions"...
Persistent link: https://www.econbiz.de/10012863763
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Trade and Worker Deskilling
Dhingra, Swati - 2019
respect to intermediate import prices to theory uncovers evidence of a production complementarity between workers and … the findings add to widely expressed, growing concerns about poor productivity performance relating to skills and to …
Persistent link: https://www.econbiz.de/10012868799
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The Impacts of the Dollar-Renminbi Exchange Rate Misalignment on the China-United States Commodity Trade : An Asymmetric Analysis
Ferjani, Sabrine; Saafi, Sami; Nouira, Ridha; Rault, … - 2022
Contrary to most existing studies of the literature that assumed that the effects of real exchange rate (RE) misalignment on trade flows are symmetric, this paper considers a more general and realistic framework allowing for possible asymmetric effects. We use monthly time-series data over the...
Persistent link: https://www.econbiz.de/10014083735
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Does Openness to International Financial Flows Contribute to Productivity Growth?
Kose, M. Ayhan; Prasad, Eswar S.; Terrones, Marco E. - 2021
Economic theory has identified a number of channels through which openness to international financial flows could raise … productivity growth. However, while there is a vast empirical literature analyzing the impact of financial openness on output … growth, far less attention has been paid to its effects on productivity growth. This paper provides a comprehensive analysis …
Persistent link: https://www.econbiz.de/10013325040
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Disentangling the Wage Impacts of Offshoring on a Developing Country : Theory and Policy
Bandyopadhyay, Subhayu - 2016
The various channels through which a reduction in the cost of offshoring can improve wages in a developed country are by now well understood. But does a similar reduction in the offshoring cost also benefit workers in the world's factories in developing countries? Using a parsimonious...
Persistent link: https://www.econbiz.de/10012989829
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Asymmetric Labor Market Institutions in the Emu and the Volatility of Inflation and Unemployment Differentials
Abbritti, Mirko - 2012
How does the asymmetry of labor market institutions affect the adjustment of a currency union to shocks? To answer this question, this paper sets up a dynamic currency union model with monopolistic competition and sticky prices, hiring frictions and real wage rigidities. In our analysis, we...
Persistent link: https://www.econbiz.de/10013107467