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The foreign exchange rate exposure of nations
Entorf, Horst (contributor); Moeber, Jochen (contributor);  … - 2007
Following the well-known approach by Adler and Dumas (1984) we evaluate the foreign exchange rate exposure of nations. Results based on data from 27 countries show that national foreign exchange rate exposures are significantly related to the current trade balance variables of corresponding...
Persistent link: https://www.econbiz.de/10003412063
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Exchange rate or wage changes in internationale adjustment? : Japan and China versus the United States
McKinnon, Ronald I. (contributor) - 2005
China or Japan, has no predictable effect on its trade surplus. Currency appreciation by the creditor country will slow its …-growth and low-growth economies, as between Japan and the U.S. from in 1950 to 1971 and China and the U.S. from 1994 to 2005 … growth. The qualified case for China moving toward greater flexibility in the form of a very narrow band for the yuan …
Persistent link: https://www.econbiz.de/10003114252
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Readdressing the trade effect of the Euro : allowing for currency misalignment
Hogrefe, Jan; Jung, Benjamin; Kohler, Wilhelm - 2010
conventional trade cost channel and trade effects deriving from “implicit currency misalignment”. Econometric estimation reveals …
Persistent link: https://www.econbiz.de/10003961504
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Readdressing the trade effect of the euro : allowing for currency misalignment
Hogrefe, Jan; Jung, Benjamin; Kohler, Wilhelm - 2010
Persistent link: https://www.econbiz.de/10008933713
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Individual exchange rate forecasts and expected fundamentals
Dick, Christian D.; MacDonald, Ronald; Menkhoff, Lukas - 2011
This paper suggests that exchange rates are related to economic fundamentals over medium-term horizons, such as a month or longer. We find from a large panel of individual professionals' forecasts that good exchange rate forecasts benefit from the proper understanding of fundamentals,...
Persistent link: https://www.econbiz.de/10009374424
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What's on their mind : do exchange rate forecasters stick to theoretical models?
Schröder, Michael; Dornau, Robert - 1999
-price monetary model and the Mundell-Fleming model. These models are the theoretical basis for the estimation of latent structural …
Persistent link: https://www.econbiz.de/10011442397
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Exchange rate expectations of chartists and fundamentalists
Dick, Christian D.; Menkhoff, Lukas - 2012
This paper provides novel evidence on exchange rate expectations of both chartists and fundamentalists separately. These groups indeed form expectations differently. Chartists change their expectations more often; however, all professionals' expectations vary considerably as they generally...
Persistent link: https://www.econbiz.de/10009521123
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China's exchange rate appreciation in the light of the earlier Japanese experience
McKinnon, Ronald I. (contributor) - 2006
For creditor countries on the periphery of the dollar standard such as China with current account surpluses, foreign … the (incipient) deflation that China now faces. It could create a zero-interest liquidity trap in financial markets that …
Persistent link: https://www.econbiz.de/10003328095
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Cooling down hot air : a global CGE analysis of post-Kyoto carbon abatement strategies
Böhringer, Christoph - 1999
The Kyoto Protocol marks a break-through in global warming mitigation policies as it sets legally binding emissions targets for major emitting regions. However, realisation of the Protocol depends on the clarification of several issues one of which is the permissible scope of international...
Persistent link: https://www.econbiz.de/10011443241
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The British foreign exchange reserves puzzle
Hüfner, Felix - 2000
The British foreign exchange reserves decreased by 40 percent during the period August 1996-December 1999 although the Pound Sterling is considered a floating exchange rate since it left the EMS in 1992. Since changes in the level of foreign exchange reserves are usually taken as indicators for...
Persistent link: https://www.econbiz.de/10011445032