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What Prompts Central Bank Intervention in the Barbadian Foreign Exchange Market?
Jackman, Mahalia - Volkswirtschaftliche Fakultät, … - 2012
The Central Bank of Barbados often intervenes – buys or sells from the foreign exchange (FX) reserves – to ensure the daily clearing of the FX market. This paper estimates an FX intervention function for Barbados using a dynamic complementary log-log model. Three general findings emerged:...
Persistent link: https://www.econbiz.de/10011260015
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Capital flows and real exchange rate: does financial development matter?
Heng, Dyna - Volkswirtschaftliche Fakultät, … - 2011
financial development helps reduce the impact of non-FDI inflows on real exchange rate appreciation. Using dynamic panel … techniques and data from 78 developing economies for the period 1993-2009, this study finds that non-FDI has an appreciation … impact on real exchange rate. However, the appreciation effects of FDI are not clear-cut. The empirical results also suggest …
Persistent link: https://www.econbiz.de/10011258023
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RMB Undervaluation and Appreciation
Zhibai, Zhang - Volkswirtschaftliche Fakultät, … - 2012
by 36.7%. Econometric analysis and an examination of the appreciation of seventeen currencies belonging to countries and …, the RMB misalignment in 2010 will be corrected by 2020. In the future, RMB appreciation should be realized totally from … appreciation path satisfies the interests of both China and the US. …
Persistent link: https://www.econbiz.de/10011258666
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Trickle-Down Effects of Changing Value of Euro on US Economy
Bhattacharya, Sulagna - Volkswirtschaftliche Fakultät, … - 2009
Historically, the US Dollar had been accepted as the strongest currency and it had no competition at the regional or global level. But inception of Euro changed this unique stature and status enjoyed by USD. With introduction of Euro as the common currency, the European Union became USA’s...
Persistent link: https://www.econbiz.de/10005034595
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Implicații ale volatilității cursului de schimb asupra schimburilor comerciale internaționale (cazul Romaniei)
Ghiba, Nicolae - Volkswirtschaftliche Fakultät, … - 2010
contrast, appreciation leads to some backfire: exports are hampered and imports increase. The theoretic area may be …
Persistent link: https://www.econbiz.de/10008833274
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Impactul modificării ratei dobânzii asupra cursului de schimb în România
Ghiba, Nicolae - Volkswirtschaftliche Fakultät, … - 2010
Connection between interest rate and foreign exchange is important because of the economic volatility of the two variables, which has an impact on several macroeconomic indicators: inflation, real income, exports and imports. This papers aims to establish a series of characteristics regarding...
Persistent link: https://www.econbiz.de/10008833281
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Efecte ale volatilității cursului de schimb asupra exporturilor
Ghiba, Nicolae - Volkswirtschaftliche Fakultät, … - 2010
depreciation, normally, should stimulate exports, because they become cheaper to foreign products and by contrast, appreciation …
Persistent link: https://www.econbiz.de/10008833289
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Can Financial Openness Help Avoid Currency Crises?
Garita, Gus; Zhou, Chen - Volkswirtschaftliche Fakultät, … - 2009
By introducing the concept of conditional probability of joint failure (CPJF), and by proposing a new measure for the systemic impact of currency crises, we provide new insights into the different sources of currency crises. We conclude that financial openness helps to diminish the probability...
Persistent link: https://www.econbiz.de/10008568362
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Une analyse de la compétitivité-prix des PTM et des PECO face à la Zone Euro
Bouoiyour, Jamal; Rey, Serge - Volkswirtschaftliche Fakultät, … - 1999
Europe is the natural space for the integration of the Middle East and North Africa countries (MENA) and the Central and Eastern Europe Countries (CEEC). By their small economic size, these countries revolve around the European pole with which they perform the bulk of their trade. The...
Persistent link: https://www.econbiz.de/10009019706
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Jump Processes in Exchange Rates Modeling
Bunčák, Tomáš - Volkswirtschaftliche Fakultät, … - 2013
This text presents a study of various models based on jump processes in the context of foreign exchange (FX) rates modeling. Quality of FX rate log-returns fit is assessed for models such as Merton and Kou jump-diffusions, normal inverse Gaussian, variance gamma, and Meixner. The study is...
Persistent link: https://www.econbiz.de/10011258961