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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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Depreciations Without Exports? Global Value Chains and the Exchange Rate Elasticity of Exports
Ahmed Hannan, Swarnali - 2017
46 countries over the period 1996-2012, and first finds evidence that the elasticity of manufacturing export volumes to …
Persistent link: https://www.econbiz.de/10012971261
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Monetary Policy and Macroprudential Regulation : Whither Emerging Markets
Canuto, Otaviano - 2017
Confidence in combining inflation-targeting-cum-flexible-exchange-rate regimes with isolated microprudential regulation as a means to guarantee both macroeconomic and financial stability has been shattered by the scale and synchronization of asset price booms and busts that preceded the current...
Persistent link: https://www.econbiz.de/10012974709
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Emerging Economies, Trade Policy, and Macroeconomic Shocks
Bown, Chad P. - 2017
This paper estimates the impact of aggregate fluctuations on the time-varying trade policies of thirteen major emerging economies over 1989-2010; by 2010, these WTO member countries collectively accounted for 21 percent of world merchandise imports and 22 percent of world GDP. The paper examines...
Persistent link: https://www.econbiz.de/10012974694
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The Real Exchange Rate and Export Growth : Are Services Different?
Eichengreen, Barry - 2017
of export volumes as well as export surges, that is, the periods of rapid sustained export growth. It asks whether the … determinants of export growth rates and export surges differ between merchandise, traditional services, and modern services and … whether developing countries are different. It confirm the importance of the real exchange rate for export growth. The paper …
Persistent link: https://www.econbiz.de/10012973942
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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 … investigates whether this effect depends on existing financial constraints. The empirical analysis relies on export data for more … negative impact, especially on the intensive margin of export. These results provide micro-founded evidence suggesting that the …
Persistent link: https://www.econbiz.de/10012973915
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Poverty-Specific Purchasing Power Parities in Africa
Dikhanov, Yuri - 2017
The paper revisits the issue of poverty-specific purchasing power parities (PPPs), using the most recent (2011) International Comparison Program (ICP) results. The World Bank's global poverty count uses a common international poverty line -- currently $1.90 at 2011 international prices-based on...
Persistent link: https://www.econbiz.de/10012951494
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Do Countries Learn from Experience in Infrastructure PPP? PPP Practice and Contract Cancellation
Marcelo, Darwin - 2017
Learning from experience to improve future infrastructure public-private partnerships is a focal issue for policy makers, financiers, implementers, and private sector stakeholders. An extensive body of case studies and "lessons learned" aims to improve the likelihood of success and attempts to...
Persistent link: https://www.econbiz.de/10012956738
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Why South Africa is Cheap for the Rich and Expensive for the Poor : Reconsidering the Balassa-Samuelson Effect
Dadam, Vincent - 2019
This paper investigates cross-sectoral productivity differentials in South African industry and their distributional consequences. The analysis shows that typically, traded sectors have experienced low productivity growth over the past decade, while skill intensive service sectors have had...
Persistent link: https://www.econbiz.de/10012865438
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Estimating an Equilibrium Exchange Rate for the Argentine Peso
Coppola, Andrea - 2017
This paper assesses the equilibrium value of the Argentine peso exchange rate based on the country's economic fundamentals and compares it with the official exchange rate value. The paper estimates a behavioral equilibrium exchange rate model that allows for movements in the equilibrium real...
Persistent link: https://www.econbiz.de/10012968767