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Inflation targeting and real exchange rates in emerging markets
Aizenman, Joshua; Hutchison, Michael; Noy, Ilan - 2008
We examine the inflation targeting (IT) experiences of emerging market economies, focusing especially on the roles of the real exchange rate and the distinction between commodity and non-commodity exporting nations. In the context of a simple empirical model, estimated with panel data for 17...
Persistent link: https://www.econbiz.de/10010285328
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Inflation targeting and real exchange rates in emerging markets
Aizenman, Joshua; Hutchison, Michael; Noy, Ilan - 2008
We examine the inflation targeting (IT) experiences of emerging market economies, focusing especially on the roles of the real exchange rate and the distinction between commodity and non-commodity exporting nations. In the context of a simple empirical model, estimated with panel data for 17...
Persistent link: https://www.econbiz.de/10010288127
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Money, States and Empire: Financial Integration Cycles and Institutional Change in Central Europe, 1400-1520
Chilosi, David; Volckart, Oliver - London School of Economics and Political Science - 2009
By analysing a newly compiled database of exchange rates, this paper finds that Central European financial integration advanced in a cyclical fashion over the fifteenth century. The cycles were associated with changes in the money supply. Long-distance financial integration progressed in...
Persistent link: https://www.econbiz.de/10005870400
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The First Phase of the Internationalisation Process : ExportDeterminants in Firms of the Former Soviet Union
Bishop, Kate - Centre for the Study of Economic and Social Change in … - 2001
the ensuing decline in domestic demand producers in economies of transition have been forced to export to developed … lagged behind.This study attempts to examine those firms in Russia, Ukraine and Belarus which have succeeded to export to the … shall be identified. The impact of ownership, firm characteristics and managerial attitudes on a firm's export propensity …
Persistent link: https://www.econbiz.de/10005868257
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Urban public works in spatial equilibrium: Experimental evidence from Ethiopia
Franklin, Simon; Imbertand, Clément; Abebe, Girum; … - 2023
, Ethiopia. We find that the program increased public employment and reduced private labor supply among beneficiaries and …
Persistent link: https://www.econbiz.de/10014480361
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Testing for Purchasing Power Parity in Cointegrated Panels
Carlsson, Mikael; Lyhagen, Johan; Österholm, Pär - 2007
This paper applies the recently developed maximum-likelihood-panel cointegration method of Larsson and Lyhagen (2007) to test the strong PPP hypothesis during the recent ‡oat period on data for the G7 countries. This method is robust in several important dimensions relative to previous methods,...
Persistent link: https://www.econbiz.de/10010321519
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Purchasing power parity and the European single currency: some new evidence
Christidou, Maria; Panagiotidis, Theodore - 2010
The effect of the single currency on the Purchasing Power Parity (PPP) hypothesis is examined in this study for the 15 EU countries, vis a vis the US dollar, before and after the advent of the euro. Standard as well as nonlinear unit root tests are employed on the time series dimension. Unit...
Persistent link: https://www.econbiz.de/10010273678
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PPP in OECD Countries: An Analysis of Real Exchange Rate Stationarity, Cross-sectional Dependency and Structural Breaks
Holmes, Mark J.; Otero, Jesús; Panagiotidis, Theodore - 2011
The stationarity of OECD real exchange rates over the period 1972-2008 is tested using a panel of twenty six member countries. The methodology followed stems from the need to meet several key concerns: (i) the identification of which panel members are stationary; (ii) the presence of...
Persistent link: https://www.econbiz.de/10010500197
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Remittances and the Dutch disease
Acosta, Pablo A.; Lartey, Emmanuel K. K.; Mandelman, … - 2009
Using data for El Salvador and Bayesian techniques, we develop and estimate a two-sector dynamic stochastic general equilibrium model to analyze the effects of remittances in emerging market economies. We find that, whether altruistically motivated or otherwise, an increase in remittance flows...
Persistent link: https://www.econbiz.de/10010292212
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Remittances, exchange rate regimes, and the Dutch disease: A panel data analysis
Lartey, Emmanuel K. K.; Mandelman, Federico S.; Acosta, … - 2008
Using disaggregated sectorial data, this study shows that rising levels of remittances have spending effects that lead to real exchange rate appreciation and resource movement effects that favor the nontradable sector at the expense of tradable goods production. These characteristics are two...
Persistent link: https://www.econbiz.de/10010292357