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Corporate financial policies and performance around currency crises

Bris, Arturo; Koskinen, Yrjö; Pons, Vicente - 2001

Using data from 17 countries that have suffered a currency crisis, this paper studies firm-level leverage and performance measures before and after a crisis has occurred. We show that in the years preceding a currency crisis, companies that are expected to benefit from currency depreciations...

Persistent link: https://www.econbiz.de/10010281399

The Federal Reserve Engages the World (1970-2000): An Insider’s Narrative of the Transition to Managed Floating and Financial Turbulence

Truman, Edwin M. - Peter G. Peterson Institute for International Economics … - 2014

This paper traces the evolution of the Federal Reserve and its engagement with the global economy over the last three decades of the 20th century: 1970 to 2000. The paper examines the Federal Reserve’s role in international economic and financial policy and analysis covering four areas: the...

Persistent link: https://www.econbiz.de/10010889808

A China Round of Multilateral Trade Negotiations

Mattoo, Aaditya; Mishra, Prachi; Subramanian, Arvind - Peter G. Peterson Institute for International Economics … - 2012

—afforded by disaggregated trade data—across exporters, importers, product, and time to estimate this spillover effect. The results …

Persistent link: https://www.econbiz.de/10010534879

Currency Undervaluation and Sovereign Wealth Funds: A New Role for the World Trade Organization

Subramanian, Arvind; Mattoo, Aaditya - Peter G. Peterson Institute for International Economics … - 2008

effective in dealing with undervalued exchange rates. We propose new rules in the World Trade Organization (WTO) to discipline … that there are large trade consequences of undervalued exchange rates, which act as both import tariffs and export … strike this bargain. Its services agreement, the General Agreement on Trade in Services (GATS), already covers investments by …

Persistent link: https://www.econbiz.de/10005035518

Beyond Bipolar: A Three-Dimensional Assessment of Monetary Frameworks

Kuttner, Kenneth N.; Posen, Adam S. - Peter G. Peterson Institute for International Economics … - 2001

Recently, great attention has been focused on the impact of exchange rate regimes, just as previous empirical research examined central bank autonomy and announced targets for domestic monetary policy. To date, however, these three elements of monetary frameworks have been assessed in isolation...

Persistent link: https://www.econbiz.de/10005035521

Pricing-to-Market in Swedish Exports

Alexius, Annika; Vredin, Anders - Economics Institute for Research (SIR), … - 1996

In this paper fluctuations in prices of Swedish exports to five countries are investigated in order to test whether there are systematic differences between prices to different markets and whether relative export prices are systematically affected by macroeconomic conditions in destination...

Persistent link: https://www.econbiz.de/10005423800

New Techniques to Extract Market expectations from Financial Instruments

Söderlind, Paul; Svensson, Lars E.O. - Economics Institute for Research (SIR), … - 1996

This paper is a selective survey of new or recent methods to extract information about market expectations from asset prices for monetary policy purposes. Traditionally, interest rates and forward exchange rates have been used to extract expected means of future interest rates, exchange rates...

Persistent link: https://www.econbiz.de/10005423847

Corporate Financial Policies and Performance Around Currency Crises

Bris, Arturo; Koskinen, Yrjö; Pons, Vicente - Economics Institute for Research (SIR), … - 2001

Persistent link: https://www.econbiz.de/10005649194

Market Expectations in the UK Before and After the ERM Crisis

Söderlind, Paul - Economics Institute for Research (SIR), … - 1997

The British pound left the ERM on 16 September 1992 after a period of turbulence. UK monetary policy soon shifted to lower short interest rates and an inflation target was announced. This paper uses daily option prices to estimate how the market's probability distribution of the future...

Persistent link: https://www.econbiz.de/10005649327

Swedish Export Price Determination: Pricing to Market Shares?

Adolfson, Malin - Economics Institute for Research (SIR), … - 1999

The Swedish export price determination for automobiles and kraft paper to three destination countries, over the period 1980-1994, is investigated. Formal tests on an error correction model indicate results consistent with price discrimination in Swedish exports of both goods. The exporters use...

Persistent link: https://www.econbiz.de/10005649427