Similar Search Results

New Estimation of China'S Exchange Rate Regime

Frankel, Jeffrey A. - 2021

The paper updates the answer to the question: what precisely is the exchange rate regime that China has put into place …

Persistent link: https://www.econbiz.de/10013244399

On the Renminbi : The Choice between Adjustment Under a Fixed Exchange Rate and Adjustment Under a Flexible Rate

Frankel, Jeffrey A. - 2021

for China. (1) China's economy is on the overheating side of internal balance, and appreciation would help easy … inflationary pressure. (2) Although foreign exchange reserves are a useful shield against currency crises, by now China's current … economy like China can achieve adjustment in the real exchange rate via flexibility in the nominal exchange rate more easily …

Persistent link: https://www.econbiz.de/10013232023

When Did the Dollar Overtake Sterling as the Leading International Currency? Evidence from the Bond Markets

Chitu, Livia - 2012

This paper offers new evidence on the emergence of the dollar as the leading international currency, focusing on its role as currency of denomination in global bond markets. We show that the dollar overtook sterling much earlier than commonly supposed, as early as in 1929. Financial market...

Persistent link: https://www.econbiz.de/10013106301

Optimal Currency Shares in International Reserves : The Impact of the Euro and the Prospects for the Dollar

Papaioannou, Elias - 2010

market countries (Brazil, Russia, India and China), adding constraints that reflect a central bank%u2019s desire to hold a …

Persistent link: https://www.econbiz.de/10012761272

Exchange Rate Regimes and the Extensive Margin of Trade

Bergin, Paul R. - 2010

This paper finds that currency unions and direct exchange rate pegs raise trade through distinct channels. Panel data analysis of the period 1973-2000 indicates that currency unions have raised trade predominantly at the extensive margin, the entry of new firms or products. In contrast, direct...

Persistent link: https://www.econbiz.de/10012759111

Estimation of De Facto Exchange Rate Regimes : Synthesis of the Techniques for Inferring Flexibility and Basket Weights

Frankel, Jeffrey A. - 2008

The paper offers a new approach to estimate de facto exchange rate regimes, a synthesis of two techniques. One is a technique that the authors have used in the past to estimate implicit de facto weights when the hypothesis is a basket peg with little flexibility. The second is a technique used...

Persistent link: https://www.econbiz.de/10012771832

Estimation of De Facto Flexibility Parameter and Basket Weights in Evolving Exchange Rate Regimes

Frankel, Jeffrey A. - 2010

A new technique for estimating countries' de facto exchange rate regimes synthesizes two approaches. One approach estimates the implicit de facto basket weights in an OLS regression of the local currency value rate against major currency values. Here the hypothesis is a basket peg with little...

Persistent link: https://www.econbiz.de/10013149579

Dollar Illiquidity and Central Bank Swap Arrangements During the Global Financial Crisis

Rose, Andrew Kenan - 2011

While the global financial crisis was centered in the United States, it led to a surprising appreciation in the dollar, suggesting global dollar illiquidity. In response, the Federal Reserve partnered with other central banks to inject dollars into the international financial system. Empirical...

Persistent link: https://www.econbiz.de/10013121027

The Dollar and its Discontents

Jeanne, Olivier - 2012

Has the US dollar delivered the benefits that the rest of the world is expecting from its holdings of international liquidity? US government debt has been liquid and safe, and it is supplied in sufficient quantity. But it has given a low return to the countries that accumulated the most...

Persistent link: https://www.econbiz.de/10013104992

Capital Inflows and Reserve Accumulation : The Recent Evidence

Reinhart, Carmen M. - 2008

Over the past decade, policymakers in many emerging market economies have opted to limit fluctuations of the value of their domestic currencies relative to the U.S. dollar. A simple interest-parity relationship is used to identify the potential sources of upward pressure on the value of a...

Persistent link: https://www.econbiz.de/10012772450

1
2
3
4
5
6
7
8
9
10
Next
Last