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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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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
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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
The paper is about the art of exchange rate management by central banks. It begins by reviewing the diversity of objectives and practices of central bank intervention in the foreign exchange market. Central banks typically exercise discretion in determining when and to what extent to intervene....
Persistent link: https://www.econbiz.de/10012974370
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How Does Public Information on Central Bank Intervention Strategies Affect Exchange Rate Volatility? The Case of Peru
Mundaca, Gabriela - 2017
Intervention operations in the foreign exchange market are used by the Banco Central de Reserva del Peru to manage both the level and volatility of their exchange rates. The Banco Central de Reserva del Peru provides information to the market about the specific hours of the day interventions...
Persistent link: https://www.econbiz.de/10012976143
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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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Spillover Effects of Exchange Rates : A Study of the Renminbi
Mattoo, Aaditya - 2017
exporters, importers, products, and time periods. They find a spillover effect that is statistically and quantitatively …
Persistent link: https://www.econbiz.de/10012975408
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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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The Developing World is Poorer than We Thought, But No Less Successful in the Fight Against Poverty
Chen, Shaohua - 2017
The paper presents a major overhaul to the World Bank's past estimates of global poverty, incorporating new and better data. Extreme poverty-as judged by what quot;povertyquot; means in the world's poorest countries-is found to be more pervasive than we thought. Yet the data also provide robust...
Persistent link: https://www.econbiz.de/10012746763
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Exchange Rate Flexibility and the Effect of Remittances on Economic Growth
Lartey, Emmanuel K. K. - 2017
This paper studies the question of whether exchange rate policy affects the impact of remittances on economic growth in recipient countries. The paper utilizes a comprehensive data set that comprises annual observations for 135 developing and transition countries, spanning 1970-2007. The data...
Persistent link: https://www.econbiz.de/10012966409
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FDI Spillovers and High-Growth Firms in Developing Countries
Reyes, Jose-Daniel - 2017
This paper evaluates the heterogeneous impact of spillovers from multinational corporations (MNCs) to domestic … enterprises in the developing world. It empirically investigates two transmission channels of knowledge spillovers. First, direct … of spillovers on high-growth firms, which are enterprises with high job creation rates and, therefore, assumed to have …
Persistent link: https://www.econbiz.de/10012943402