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How Does Public Information on Central Bank Intervention Strategies Affect Exchange Rate Volatility? The Case of Peru
Mundaca, Gabriela - 2017
the level and volatility of their exchange rates. The Banco Central de Reserva del Peru provides information to the market … the Banco Central de Reserva del Peru decreases the volatility of the sol when it intervenes to avoid an appreciation of …
Persistent link: https://www.econbiz.de/10012976143
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How to Move the Exchange Rate If You Must : The Diverse Practice of Foreign Exchange Intervention by Central Banks and a Proposal for Doing it Better
Basu, Kaushik - 2017
volatility of foreign exchange reserves is comparatively lower in emerging market economies where central banks follow some form …
Persistent link: https://www.econbiz.de/10012974370
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A Typology of Foreign Exchange Auction Markets in Sub-Saharan Africa : Dynamic Models for Auction Exchange Rates
Hood, Ron - 2017
In this analytical sequel to quot;A Typology of Foreign Exchange Auction Markets in sub-Saharan Africaquot; , the authors compare the micromanagement of different foreign exchange auctions in sub-Saharan Africa. Multi-unit auctions for foreign exchange were introduced in a number of countries in...
Persistent link: https://www.econbiz.de/10012746914
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Inflation Targeting and Exchange Rate Volatility in Emerging Markets
Torres, Rene Cabral - 2017
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/10012968743
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Exchange Rate Volatility, Financial Constraints, and Trade : Empirical Evidence from Chinese Firms
Héricourt, Jérôme - 2017
This paper studies how firm-level export performance is affected by Real Exchange Rate (RER) volatility and … than 100,000 Chinese exporters over the 2000-6 period. The results confirm a trade-deterring effect of RER volatility …. Firms' decision to begin exporting and the exported value decrease for destinations with higher exchange rate volatility …
Persistent link: https://www.econbiz.de/10012973915
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Over the Hedge : Exchange Rate Volatility, Commodity Price Correlations, and the Structure of Trade
Raddatz, Claudio E. - 2017
, and the current consensus seems to be that there is at most a weak negative effect of exchange rate volatility on … aggregate trade flows. However, most of this literature examines the impact of exchange rate volatility on aggregate trade flows …, implicitly assuming a uniform impact of this volatility on exporters across sectors. This paper explots the fact that, if …
Persistent link: https://www.econbiz.de/10012976093
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Shedding Light : Understanding Energy Efficiency and Electricity Reliability
Carranza, Eliana - 2017
Overloaded electrical systems are a major source of unreliable power (outages) in developing countries. Using a randomized saturation design, we estimate the impact of energy efficient lightbulbs on household electricity consumption and local electricity reliability in the Kyrgyz Republic....
Persistent link: https://www.econbiz.de/10012967418
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Assessing Real Exchange Rate Misalignments
Kubota, Megumi - 2017
There is a renewed debate on the role of exchange rate policies as an industrial policy tool in both academic and policy circles. Policy practitioners usually examine real exchange rate misalignments to monitor the behavior of this key relative price and, if possible, exploit distortions in the...
Persistent link: https://www.econbiz.de/10012975532
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Gross Capital Flows, Common Factors, and the Global Financial Cycle
Barrot, Luis-Diego - 2018
(the VIX, the U.S. real interest rate and real exchange rate, U.S. GDP growth, and world commodity prices) that explain …
Persistent link: https://www.econbiz.de/10012926785
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Depreciations Without Exports? Global Value Chains and the Exchange Rate Elasticity of Exports
Ahmed Hannan, Swarnali - 2017
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/10012971261