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The role of exchange rate for current account: a panel data analysis
Vieira, Flavio Vilela; MacDonald, Ronald - In: Economia : revista da ANPEC 21 (2020) 1, pp. 57-72
The goal of this paper is to address the role of the real effective exchange rate (fundamentals, misalignment and volatility) for the current account using a panel data analysis for a set of 58 countries, over the period of 1994-2014. The results suggest that exchange rate misalignment is...
Persistent link: https://www.econbiz.de/10012287467
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Persistent Imbalances : The Impact of Exchange Rate Appreciation on China's Trade Balances
Dimpfl, Thomas - 2019
China's trade surplus is often heavily criticized in political and economic debates, accompanied by claims for a revaluation of the Chinese currency, the Renminbi (RMB). While the main arguments exchanged in the current discourse appear to become more and more emotionally loaded rather than...
Persistent link: https://www.econbiz.de/10012899706
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Exchange rates and trade balance adjustment : a multi-country empirical analysis
Bleaney, Michael F.; Tian, Mo - 2012
This study assesses the response of the trade balance to exchange rate fluctuations across a large number of countries. Fixed-effects regressions are estimated for 87 countries on annual data from 1994 to 2010. The trade balance improves significantly after a real depreciation, and to a similar...
Persistent link: https://www.econbiz.de/10009739791
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The euro exchange rate and Germany's trade surplus
Hohberger, Stefan; Ratto, Marco; Vogel, Lukas - 2019
We estimate a three-region (DE-REA-RoW) structural macroeconomic model, and we provide a counterfactual on how nominal exchange rate flexibility would have affected the German trade balance (TB) by simulating the shocks of the estimated model under a counterfactual flexible exchange rate regime....
Persistent link: https://www.econbiz.de/10011983671
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Financial market developments and economic activity during current account adjustments in industrial economies
Croke, Hilary; Kamin, Steven; Leduc, Sylvain - 2005
Persistent link: https://www.econbiz.de/10002633947
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Comparative Advantage, Exchange Rates, and G-7 Sectoral Trade Balances
Golub, Stephen S. - 2006
This paper uses a Ricardian framework to clarify the role of microeconomic and macroeconomic factors governing the time series and cross-section behavior of sectoral trade balances. Unit labor costs and trade balances are calculated for several sectors for the seven major industrial countries....
Persistent link: https://www.econbiz.de/10012781798
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Poland-USA sectoral trade balances : regime shifts and the nonlinear impact of currency fluctuations
Pruchnicka-Grabias, Izabela; Piekunko-Mantiuk, Iwona; … - In: Central European Management Journal 32 (2023) 1, pp. 116-133
Purpose The Polish economy has undergone major challenges and changes over the past few decades. The country's trade flows, in particular, have become more firmly tied to the country's Western neighbors as they have grown in volume. This study examines Poland's trade balances in ten Standard...
Persistent link: https://www.econbiz.de/10014552926
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External Adjustment in Oil Exporters : The Role of Fiscal Policy and the Exchange Rate
Behar, Alberto - 2016
After the decline in oil prices, many oil exporters face the need to improve their externalbalances. Special characteristics of oil exporters make the exchange rate an ineffectiveinstrument for this purpose and give fiscal policy a sizeable role. These conclusions aresupported by regression...
Persistent link: https://www.econbiz.de/10012977864
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Effective exchange rates, current accounts and global imbalances
Beckmann, Joscha; Czudaj, Robert - 2016
geldpolitische Schocks in die Analyse mit einzubeziehen. Abschließend werden Wechselkurs- und Leistungsbilanzdynamiken in Form von … einer Verschlechterung der Leistungsbilanz einhergeht. Das Anpassungsmuster verändert sich jedoch über die Zeit und deutet … darauf hin, dass die Kausalität in erster Linie von effektiven Wechselkursen in Richtung Leistungsbilanz läuft. Eine …
Persistent link: https://www.econbiz.de/10011440876
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Japan's Imbalance of Payments
Müller-Plantenberg, Nikolas A. - 2021
During the past three decades, Japan's current account experienced five large swings. The yen appreciated considerably in periods when the current account boomed, and it depreciated whenever Japan's external performance weakened. However, there has always been a certain lag in the adjustment of...
Persistent link: https://www.econbiz.de/10013319615