Showing 1 - 10 of 410
exchange misalignment is not directly observed and its precision depends on the coefficients that link fundamentals to real … and suggest a bootstrap approach to calculate error bands. The misalignment estimative is based on cointegration … is important to highlight the precision and the limitations of the misalignment exchange rate calculus exercise and …
Persistent link: https://www.econbiz.de/10010330572
exchange misalignment is not directly observed and its precision depends on the coefficients that link fundamentals to real … and suggest a bootstrap approach to calculate error bands. The misalignment estimative is based on cointegration … is important to highlight the precision and the limitations of the misalignment exchange rate calculus exercise and …
Persistent link: https://www.econbiz.de/10010230629
Persistent link: https://www.econbiz.de/10011579702
This study aims to examine the theoretical literature concerning exchange-rate and balance-of-payments determination, in order to investigate how an exchange rate change may affect one country's foreign trade flows. Therefore, we analyze the different categories of balance-of-payments models -...
Persistent link: https://www.econbiz.de/10011372161
index of RER misalignment from a cointegrated panel of 102 countries, in order to relate it to the type of export basket of …
Persistent link: https://www.econbiz.de/10011372184
This paper shows estimates of the optimal level of foreign reserves for Brazil between the first quarter of 2004 and the third trimester of 2012, by applying the new Jeanne e Rancière (2011) framework, using different scenarios. The estimates of the optimal holdings of this asset are calculated...
Persistent link: https://www.econbiz.de/10010330480
This paper shows estimates of the optimal level of foreign reserves for Brazil between the first quarter of 1998 and the same trimester of 2008, by applying the Jeanne e Ranciére (2006) framework, using different scenarios. We also estimate the fiscal costs of holding this asset, as well as the...
Persistent link: https://www.econbiz.de/10010330830
This paper shows estimates of the optimal level of foreign reserves for Brazil between the first quarter of 1998 and the same trimester of 2008, by applying the Jeanne e Ranciére (2006) framework, using different scenarios. We also estimate the fiscal costs of holding this asset, as well as the...
Persistent link: https://www.econbiz.de/10003757832
This paper shows estimates of the optimal level of foreign reserves for Brazil between the first quarter of 2004 and the third trimester of 2012, by applying the new Jeanne e Rancière (2011) framework, using different scenarios. The estimates of the optimal holdings of this asset are calculated...
Persistent link: https://www.econbiz.de/10010230646
index of RER misalignment from a cointegrated panel of 102 countries, in order to relate it to the type of export basket of …
Persistent link: https://www.econbiz.de/10010403982