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Exchange Rates and Prices : Evidence from the 2015 Swiss Franc Appreciation

Auer, Raphael A.; Burstein, Ariel T.; Lein-Rupprecht, … - National Bureau of Economic Research - 2021

We dissect the impact of a large and sudden exchange rate appreciation on Swiss border import prices, retail prices, and consumer expenditures on domestic and imported non-durable goods, following the removal of the EUR/CHF floor in January 2015. Cross-sectional variation in border price changes...

Persistent link: https://www.econbiz.de/10012482622

Ownership Characteristics, Real Exchange Rate Movements and Labor Market Adjustment in China

Mao, Risheng - 2011

This paper uses a firm level multi-industry data set covering 456 Chinese manufacturing sectors to assess the implications of Renminbi (RMB) real exchange rate appreciation for adjustments in employment and wage rates. We stress differences in both industry and firm characteristics within...

Persistent link: https://www.econbiz.de/10012461093

Current Account Patterns and National Real Estate Markets

Aizenman, Joshua - 2008

This paper studies the association between the current account and real estate valuation across countries, subject to data availability [43 countries, of which 25 are OECD], during 1990 - 2005. We find robust and strong positive association between current account deficits and the appreciation...

Persistent link: https://www.econbiz.de/10012464726

Exchange Rates in Emerging Economies : What Do We Know? What Do We Need to Know?

Edwards, Sebastian - 1999

Exchange rates have been at the center of economic debates in emerging economies. Issues related to the feasibility of flexible exchange rates, the relationship between exchange rate volatility and growth, and the role of exchange rate overvaluation in recent crises, among other, have been...

Persistent link: https://www.econbiz.de/10012471561

Exchange Rate Economics : 1986

Dornbusch, Rudiger - 1986

In the past fifteen years key exchange rates have moved in larger and more persistent ways than advocates of flexible rates in the late 1960s would have left anyone free to imagine. Certainly there was no expectation of constancy for nominal exchange rates. But real exchange rate movements of 30...

Persistent link: https://www.econbiz.de/10012476999

Capital Flows, the Current Account, and the Real Exchange Rate : Consequences of Liberalization and Stabilization

Obstfeld, Maurice - 1984

This paper develops a dynamic framework in which macroeconomic liberalization and stabilization measures of the type recently seen in Latin America can be studied. The model is sufficiently general to cover both polar cases of a closed capital account and free private capital mobility, so the...

Persistent link: https://www.econbiz.de/10012477560

Empirical Studies of Exchange Rates : Price Behavior, Rate Determinationand Market Efficiency

Levich, Richard M. - 1983

Theoretical and empirical research completed over the last decade has dramatically increased our understanding of exchange rate behavior. The major insight to come from this decade of research is that foreign exchange is a financial asset. In an asset pricing framework, current exchange rates...

Persistent link: https://www.econbiz.de/10012477990

Are Real Interest Rates Equal Across Countries? An Empirical Investigation of International Parity Conditions

Mishkin, Frederic S. - 1982

monetary authorities have no control over their real rate relative to the world rate, limiting the impact of their … economy models which allow: 1) domestic real rates to differ from world rates, 2) time varying risk premiums in the forward … policy makers to exertsome control over their domestic real rate relative to those in the rest of the world. However, the …

Persistent link: https://www.econbiz.de/10012478057

International Risk Sharing and the Choice of Exchange-Rate Regime

Hsieh, David A. - 1982

-country overlapping generations model, where markets are incomplete under either exchange regime. In this second best world, it is …

Persistent link: https://www.econbiz.de/10012478269

Currency Baskets and Real Effective Exchange Rates

Branson, William H. - 1981

With the major currencies continuously moving (if not floating freely) against each other, a country that does not choose to float must decide what to peg to. If it pegs to the SDR it floats against all currencies. Thus in the system begun in the early 1970s the very concept of a fixed exchange...

Persistent link: https://www.econbiz.de/10012478455

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