Narrow search
Showing 1 - 4 of 4
Cover Image
Estimation of Nonlinear Exchange Rate Dynamics in Evolving Regimes
Frankel, Jeffrey A.; Hou, Yao; Xie, Danxia - National Bureau of Economic Research - 2024
This paper develops a new econometric framework to estimate and classify exchange rate regimes. They are classified into four distinct categories: fixed exchange rates, BBC (band, basket and crawl), managed floating, and freely floating. The procedure captures the patterns of exchange rate...
Persistent link: https://www.econbiz.de/10014635607
Cover Image
A Panel Project on Purchasing Power Parity : Mean Reversion Within and Between Countries
Frankel, Jeffrey A. - 1995
Previous time-series studies have shown evidence of mean- reversion in real exchange rates. Deviations from purchasing power parity (PPP) appear to have half-lives of approximately four years. However, the long samples required for statistical significance are unavailable for most currencies,...
Persistent link: https://www.econbiz.de/10012473887
Cover Image
The Natural Resource Curse : A Survey
Frankel, Jeffrey A. - 2010
sub-standard economic performance. They are: long-term trends in world commodity prices, volatility, crowding out of …
Persistent link: https://www.econbiz.de/10012462796
Cover Image
How Well do Foreign Exchange Markets Function : Might a Tobin Tax Help?
Frankel, Jeffrey A. - 1996
with other dealers. Some have linked this volume to concerns of excessive volatility in the market. Tobin's proposal to … address this volatility with a small tax on all foreign exchange transactions has not received the serious attention it … volatility than most economists believe. Calculations show that the tax, unlike some forms of capital control, would fall far …
Persistent link: https://www.econbiz.de/10012473442