Showing 1 - 10 of 9,293
This paper deals with the relationship between inflation targeting and exchange rates. I address three specific issues: first, I analyze the effectiveness of nominal exchange rates as shock absorbers in countries with inflation targeting. This issue is closely related to the magnitude of the...
Persistent link: https://www.econbiz.de/10013236817
We present a model that shows that exchange rate pass-through is likely to be substantially altered when firms face antidumping (AD) duties and that optimal pass-through of AD duties may be up to 200 percent. We examine both pass-through issues using monthly prices across 345 U.S.- imported...
Persistent link: https://www.econbiz.de/10013214588
This paper investigates the impact of market structure on the joint determination of exchange rate pass- through and currency of invoicing in international trade. A novel feature of the study is the focus on market share of firms on both sides of the market—that is, exporting firms and...
Persistent link: https://www.econbiz.de/10013018317
For more than a decade, the United States and Canada have been engaged in a rancorous dispute over trade in softwood … industry has sought to have countervailing duties imposed upon Canadian lumber imports. The U.S. interests argue that Canada … economy are tested. Capture Theory de-emphasizes the role of institutional settings of the kind at work here: The outcomes of …
Persistent link: https://www.econbiz.de/10013310225
Can macroprudential foreign exchange (FX) regulations on banks reduce the financial and macroeconomic vulnerabilities created by borrowing in foreign currency? To evaluate the effectiveness and unintended consequences of macroprudential FX regulations, we develop a parsimonious model of bank and...
Persistent link: https://www.econbiz.de/10012910619
Family-controlled pyramidal business groups were important in Canada early in the 20th century, amid rapid catch …
Persistent link: https://www.econbiz.de/10013011941
movements remain an empirical question. Using detailed data from the United States, Canada, the United Kingdom, and Japan we …
Persistent link: https://www.econbiz.de/10014158798
mechanism and test the over-identifying restrictions for Australia, Canada, and New Zealand. For all three countries …
Persistent link: https://www.econbiz.de/10012910649
In this study, the authors examine three aspects of the Canadian experience with flexible exchange rates in the 1970s: the movements in the Canadian dollar-U.S. dollar exchange rate, the sharp growth of external borrowings by Canadians in the 1974-76 period, and the real effects of relative...
Persistent link: https://www.econbiz.de/10013223001
This paper investigates whether oil prices have a reliable and stable out-of-sample relationship with the Canadian/U.S dollar nominal exchange rate. Despite state-of-the-art methodologies, we find little systematic relation between oil prices and the exchange rate at the monthly and quarterly...
Persistent link: https://www.econbiz.de/10013107723