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MODELLING THE WORLD EXCHANGE RATES:DYNAMICS, VOLATILITY AND FORECASTING
Nwaobi, Godwin - Volkswirtschaftliche Fakultät, … - 2008
Indeed, the specification of equilibrium in the world economy depends on the exchange rate regime and thus, the early … foreign exchange markets. However, the world has known several exchange rate systems beginning with the fixed-gold standard … exchange was deregulated, independent traders finally had access to the biggest trading market of the world; and these forex …
Persistent link: https://www.econbiz.de/10005619306
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The Us Dollar, the Euro, and the Yen : An Evaluation of Their Present and Future Status as International Currencies
Beckmann, Rainer - 2010
The paper evaluates the present and future international currency status of the US dollar, the euro and the yen. In … established in 1999. The comparatively weak international status of the yen, currently ranked third, is briefly sketched in …
Persistent link: https://www.econbiz.de/10013136590
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Some Policy Issues Regarding an Early Warning System
Reinhart, Carmen; Goldstein, Morris; Kaminsky, Graciela - Volkswirtschaftliche Fakultät, … - 2000
In focusing on the 24 month window prior to the onset of the crisis, the criteria for ranking the indicators presented in our related work does not distinguish between a signal given 12 months prior to the crisis and one given one month prior to the crisis. In what follows we examine this issue,...
Persistent link: https://www.econbiz.de/10008531924
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Early Warning System: Empirical Results from The Signals Approach
Reinhart, Carmen; Goldstein, Morris; Kaminsky, Graciela - Volkswirtschaftliche Fakultät, … - 2000
The signals approach was applied to 24 of the indicators around the dates of the 29 banking and the 87 currency crises. In what follows, we first compare our results for the 15 original indicators in Kaminsky and Reinhart (1996) to those presented in that study. This exercise assesses the...
Persistent link: https://www.econbiz.de/10008531936
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A Common Monetary Policy For The Maghreb: The Winners and The Losers?
Belhadj, ARAM; Bouguezzi, WAJDI; Jedlane, NABIL - Volkswirtschaftliche Fakultät, … - 2009
completion of the regional integration process in this part of the world. These were initiated in 1989 by the creation of the …
Persistent link: https://www.econbiz.de/10008923023
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Modeling exchange rate dynamics in India using stock market indices and macroeconomic variables
Sinha, Pankaj; Kohli, Deepti - Volkswirtschaftliche Fakultät, … - 2013
Predicting currency movements is perhaps one of the hardest exercises in economics as it has many variables affecting its market movement. This study concerns with some of the usual macroeconomic variables which, in theory, are expected to affect the exchange rate between two countries. Indian...
Persistent link: https://www.econbiz.de/10011114033
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Taylor Rules and the Euro.
Tanya, Molodtsova; Nikolsko-Rzhevskyy, Alex; Papell, David - Volkswirtschaftliche Fakultät, … - 2008
This paper uses real-time data to analyze whether the variables that normally enter central banks’ interest-rate-setting rules, which we call Taylor rule fundamentals, can provide evidence of out-of-sample predictability for the United States Dollar/Euro exchange rate from the inception of the...
Persistent link: https://www.econbiz.de/10005789851
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Currency Carry Trades, Position-Unwinding Risk, and Sovereign Credit Premia
Huang, Huichou; MacDonald, Ronald - Volkswirtschaftliche Fakultät, … - 2012
country-specific risk that drives market volatility, and also the global contagion channels. Then I propose an alternative …
Persistent link: https://www.econbiz.de/10011107339
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Global Variance Risk Premium and Forex Return Predictability
Aloosh, Arash - Volkswirtschaftliche Fakultät, … - 2014
In a long-run risk model with stochastic volatility and frictionless markets, I express expected forex returns as a … available in stock market volatility indices to predict forex returns. Empirically, I find that stock VRPs predict forex returns …
Persistent link: https://www.econbiz.de/10011113963
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Oil Price and Exchange Rate Volatility in Nigeria
Ogundipe, Adeyemi; Ogundipe, Oluwatomisin - Volkswirtschaftliche Fakultät, … - 2013
the effects of oil price, external reserves and interest rate on exchange rate volatility in Nigeria using annual data … exchange rate volatility in Nigeria; which implies that exchange rate is susceptible to changes in oil price. The study … rate volatility significantly in Nigeria. …
Persistent link: https://www.econbiz.de/10011109692