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The exposure to exchange rates remains an unresolved issue in international trade literature. The issue is particularly relevant to China and Malaysia, whom relaxed their USD pegging the same day in the mid of 2005. Our paper investigates the exchange rate exposure of China-Malaysian bilateral...
Persistent link: https://www.econbiz.de/10005790192
The aim of this paper is to investigate the currency substitution phenomenon in Romania. We present the evolution of the DI (Dollarization Index) as it is defined by the IMF, the situation on the liabilities side and that of the banking sector. We assess the way in which the traditional...
Persistent link: https://www.econbiz.de/10008493587
This study tests for the existence of currency substitution and attempts to gauge its magnitude in Nigeria. The analysis was based on a multi-perspective unrestricted portfolio balance model. The stock of foreign currency deposits in Nigeria and the ratio of deposits denominated in foreign...
Persistent link: https://www.econbiz.de/10005079329
exports after taking into consideration the presence of regional economic integration. In addition, the role of regional … studies the impact of exchange rate volatility on exports is consistently negative. However, it is no longer significant in …
Persistent link: https://www.econbiz.de/10011108275
Exchange rate regimes evolution in the European transition economies refers to one of the most crucial policy decision in the beginning of the 1990s employed during the initial stages of the transition process. During the period of last two decades we may identify some crucial milestones in the...
Persistent link: https://www.econbiz.de/10011259924
Exchange rate unexpected fluctuations determine economic development of countries the way quite similar to any other type of exogenous shocks. Unpredicted volatility in exchange rate short-run path affects macroeconomic performance the way that may be a subject of academic as well as economic...
Persistent link: https://www.econbiz.de/10011107290
This paper identifies the best models for forecasting the volatility of daily exchange returns of developing countries. An emerging consensus in the recent literature focusing on industrialised counties has noted the superior performance of the FIGARCH model in the case of industrialised...
Persistent link: https://www.econbiz.de/10011260314
exchange rate volatility on total exports for a panel of 42 developing countries from 1975 to 2004. The results show that both … real exchange rate misalignment and real exchange rate volatility affect negatively exports. The results also illustrate … that real exchange rate volatility is more harmful to exports than misalignment. These outcomes are corroborated by …
Persistent link: https://www.econbiz.de/10009223330
between exports and economic growth over the sample period. The results indicate that there exists a long-term relationship … between GDP growth and exports, and it is unidirectional, running from exports to GDP growth. Hence, in the case of Kenya …
Persistent link: https://www.econbiz.de/10005835480
This paper is an attempt to investigate the causal relationships among agriculture and exports in Pakistan by using … main target of almost every economy. Promoting exports of the country is one of the ways of achieving economic growth …. Pakistan is among the developing countries, emphasizing to boost its exports since its inception. The major share of Pakistan …
Persistent link: https://www.econbiz.de/10005835581