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ICT Use in the Developing World : An Analysis of Differences in Computer and Internet Penetration

Chinn, Menzie D. - 2006

Computer and Internet use, especially in developing countries, has expanded rapidly in recent years. Even in light of … Internet penetration, both currently and over time, we examine panel data for 161 countries over the 1999-2004 period. We … factors associated with computer and Internet penetration do not differ substantially between developed and developing …

Persistent link: https://www.econbiz.de/10012466283

The Determinants of the Global Digital Divide : A Cross-Country Analysis of Computer and Internet Penetration

Chinn, Menzie D. - 2004

To identify the determinants of cross-country disparities in personal computer and Internet penetration, we examine a … significant in most specifications for computer use. A similar pattern holds true for Internet use, except that telephone density … differentials. For computers, telephone density and regulatory quality are of second and third importance, while for the Internet …

Persistent link: https://www.econbiz.de/10012468005

Monetary Policy in Japan, Germany and the United States : Does One Size Fit All?

Chinn, Menzie D. - 1997

We study the post-war evidence for Japan to see if the same specification for both the economy and the monetary policy rule is useful for understanding Japan's economy and monetary policy. A recurrent theme in the literature on Japanese monetary policy is that there are significant differences...

Persistent link: https://www.econbiz.de/10012472722

How Do UK-Based Foreign Exchange Dealers Think Their Market Operates?

Cheung, Yin-Wong - 2000

This paper summarises the results of a survey of UK based foreign exchange dealers conducted in 1998. It addresses topics in three main areas: The microeconomic operation of the foreign exchange market; the beliefs of dealers regarding the importance, or otherwise, of macroeconomic fundamental...

Persistent link: https://www.econbiz.de/10012471250

Fin de Siecle Real Interest Parity

Fujii, Eiji - 2000

We evaluate the recent evidence for real interest parity, focusing on long-term yields. Examining the data on financial instruments of various maturities across the G7 countries, we find substantial differences in the degree of real interest equalization measured at different horizons. In...

Persistent link: https://www.econbiz.de/10012470857

Long Horizon Uncovered Interest Parity Re-Assessed

Chinn, Menzie D. - 2012

We review the evidence for both short and long horizon uncovered interest parity (UIP) and rational expectations over the period up to 2011, extending the sample examined in Chinn and Meredith (2004) by nearly a decade. We find that the joint hypothesis of UIP and rational expectations (known as...

Persistent link: https://www.econbiz.de/10012460179

Three Current Account Balances : A "Semi-Structuralist" Interpretation

Chinn, Menzie D. - 2005

Three large current account imbalances -- one deficit (the United States) and two surpluses (Japan and the Euro area) -- are subjected to a minimalist structural interpretation. Though simple, this interpretation enables us to assess how much of each of the imbalances require a real exchange...

Persistent link: https://www.econbiz.de/10012466819

A Primer on Real Effective Exchange Rates : Determinants, Overvaluation, Trade Flows and Competitive Devaluation

Chinn, Menzie D. - 2005

Several alternative measures of "effective" exchange rates are discussed in the context of their theoretical underpinnings and actual construction. Focusing on contemporary indices and recently developed econometric methods, the empirical characteristics of these differing series are examined,...

Persistent link: https://www.econbiz.de/10012467158

Testing Uncovered Interest Parity at Short and Long Horizons during the Post-Bretton Woods Era

Chinn, Menzie D. - 2005

test this hypothesis using interest rates on longer-maturity bonds for the U.S., Germany, Japan and Canada. The results of …

Persistent link: https://www.econbiz.de/10012467610

A Decomposition of Global Linkages in Financial Markets Over Time

Forbes, Kristin J. - 2003

This paper tests if real and financial linkages between countries can explain why movements in the world's largest markets often have such large effects on other financial markets, and how these cross-market linkages have changed over time. It estimates a factor model in which a country's market...

Persistent link: https://www.econbiz.de/10012469145