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Exchange Rate Volatility and FDI Inflows : Evidence from Cross-Country Panel Data

Hanusch, Marek - 2018

between exchange rate volatility and foreign direct investment (FDI)inflows. The results reveal a negative relationship … between de facto exchange rate volatility andFDI. Reducing exchange rate volatility by 10 percent over one-year can boost FDI … been experiencing high volatility of the rand inrecent years. Reducing the rand's volatility to that of developing country …

Persistent link: https://www.econbiz.de/10012645327

Inflation Targeting and Exchange Rate Volatility in Emerging Markets

Cabral Torres, René - 2016

The paper investigates the relevance of the exchange rate on the reaction function of the central banks of 24 emerging market economies for the period 2000Q1 to 2015Q2. This is done by first employing fixed-effects ordinary least squares and then system generalized method of the moments...

Persistent link: https://www.econbiz.de/10012245845

Why are more sovereigns issuing in euros? : choosing between USD and EUR-denominated bonds

Cordella, Tito - 2018

This paper presents and discusses the arguments offered by several sovereigns that have joined a trend starting in 2013 whereby sovereign and corporate issuers, especially in Latin America, have gradually replaced a portion of the funding raised in U.S. dollars with euros. The trend seems to...

Persistent link: https://www.econbiz.de/10011806823

Trade policy and market power : firm-level evidence

Asprilla, Alan; Berman, Nicolas; Cadot, Olivier; Jaud, … - 2019

This paper identifies the effect of trade policy on market power through new data and a new identification strategy. It uses a large data set containing export values and quantities by product and destination for all exporting firms in 12 developing and emerging countries over several years,...

Persistent link: https://www.econbiz.de/10012167795

Depreciations without Exports? Global Value Chains and the Exchange Rate Elasticity of Exports

Ahmed, Swarnali - 2015

This paper analyzes how the exchange rate elasticity of exports has changed over time and across countries and sectors, and how the formation of global value chains has affected this relationship. The analysis uses a panel framework covering 46 countries over the period 1996-2012, and first...

Persistent link: https://www.econbiz.de/10012245907

Gross capital flows, common factors, and the global financial cycle

Barrot, Luis-Diego; Servén, Luis - 2018

, the U.S. real interest rate and real exchange rate, U.S. GDP growth, and world commodity prices) that explain much of the …

Persistent link: https://www.econbiz.de/10011843378

Responding to Higher and More Volatile World Food Prices

World Bank - 2012

Following the world food ... …

Persistent link: https://www.econbiz.de/10012644419

Growth Volatility in Belize

Longmore, Rohan - 2019

the main factors behind the volatility in output growth. A MarkovSwitching VAR (MS-VAR) model is also employed to explore … volatile economies in Latin America and the Caribbean. Most this is volatility is driven by fluctuations in the economic growth …'s GDP on growth weakens during periods of intense volatility suggesting that the authorities may need to invest more in …

Persistent link: https://www.econbiz.de/10012646791

The Volatility of International Trade Flows in the 21st Century : Whose Fault Is It Anyway?

Bennett, Federico - 2016

, the volatility of growth and the volatility of trade flows tend to move together; they declined from the 1990s until 2009 …, followed by an increase since 2009. This paper explores the drivers of such movements in trade-flow volatility. The analysis … decomposes trade growth into six components to study their contribution to the overall volatility of trade flows, and presents …

Persistent link: https://www.econbiz.de/10012245858

Financial Globalization and Market Volatility : An Empirical Appraisal

Cordella, Tito - 2017

measures, the financial globalization index corrects for the heteroscedasticity of global volatility. This leads to a downward … globalization reduces market volatility (measured by the volatility of stock returns) in tranquil times, and increases it in … turbulent ones. On average, the first effect dominates, so that financial globalization leads to a decrease in market volatility …

Persistent link: https://www.econbiz.de/10012246024