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combining risk and cash holdings. Unlike the model of Tobin, the prices of the underlying exposures are established in actuarial … terms. Then the efficacy of monetary policy is explicitly affected by the expected return and the volatility of the series …
Persistent link: https://www.econbiz.de/10013148534
Este trabajo realiza el primer análisis cuantitativo detallado del nivel de actividad económica de Antioquia para el siglo XIX y la primera parte del XX. A partir de los datos existentes para la economía colombiana, se reconstruye la que es, además, una de las primeras series de PIB regional...
Persistent link: https://www.econbiz.de/10014167721
This paper focuses on the impact of full capital account liberalization on macroeconomic volatility in Greece … reduce macroeconomic volatility. The link between macroeconomic volatility and capital account openness in the Greek economy …. There is no strong evidence for a stable relation between macroeconomic volatility and variables of financial openness. Thus …
Persistent link: https://www.econbiz.de/10009372530
, many types of instruments can be used:futures market,spot market, and forward market.However, the degree of volatility …
Persistent link: https://www.econbiz.de/10005619306
The flexible price monetary model assumes that both the purchasing power parity (PPP) and uncovered interest parity (UIP) hold continuously. In addition, the model posits that money market equilibrium exists, which helps to determine the exchange rate. This paper explores exchange rate...
Persistent link: https://www.econbiz.de/10005620179
This is an empirically study to investigate the exchange rate volatility and it impacts on bilateral exports growth …, ASEAN, and Asia-Pacific regions. To establish the empirical relationship between exchange rate volatility and impact on … investigation, the result shows that the exchange rate volatility has a negative and major effect both in short run and long run …
Persistent link: https://www.econbiz.de/10008567669
What should be the appropriate macroeconomic policy to minimize the volatility of output in a resource-based economy, i … sources of volatility of output in Russia as compared to other countries and concludes that in 1994-2004 volatility of Russian … countries that export resources with highly volatile prices, like Russia, volatility of economic growth is associated with …
Persistent link: https://www.econbiz.de/10008804697
This paper aims to establish particularities for the relationship between exchange rate volatility and the … contradicted by practical cases. This analysis starts from well-known cases in this domain from around the world. Volatility of … exchange rate on international trade is debated on Romania’s example using econometric methods. The volatility of exchange rate …
Persistent link: https://www.econbiz.de/10008833274
Connection between interest rate and foreign exchange is important because of the economic volatility of the two … aims to establish a series of characteristics regarding the impact of interest rate in exchange rate volatility. This kind …
Persistent link: https://www.econbiz.de/10008833281
This paper reviews a part of the most important literature on the impact of exchange rate volatility over exports. The … second part reviews the effects of exchange rate volatility over exports volume in different circumstances. Currency …
Persistent link: https://www.econbiz.de/10008833289