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Labour Demand and Exchange Rate Volatility
Broll, Udo; Hansen, Sabine - Center for European, Governance and Economic … - 2004
firm's labour demand. As the exchange rate volatility increases, so does the value of the export option provided the firm …
Persistent link: https://www.econbiz.de/10010954330
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Exchange rate volatility, international trade and labour demand
Broll, Udo; Hansen-Averlant, Sabine - In: International Economics and Economic Policy 7 (2010) 4, pp. 423-436
Persistent link: https://www.econbiz.de/10008776358
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Export, Economic Integration and Exchange Rate Volatility in Turkey and Malaysia
masron, Tajul arrifin; Mohd naseem niaz, Ahmad - Volkswirtschaftliche Fakultät, … - 2008
Using annual data (1970-2004), this study re-examined the hypothesis that exchange rate volatility may dampen export … economic integration in promoting export is also of concern to this study. The empirical evidence demonstrates that despite the …
Persistent link: https://www.econbiz.de/10011108275
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How Robust are Estimates of Equilibrium Real Exchange Rates : The Case of China
Dunaway, Steven - 2006
Increased attention is being paid to assessments of the actual values of countries' real exchange rates relative to their 'equilibrium' values as suggested by 'fundamental' determining factors. This paper assesses the robustness of alternative approaches and models commonly used to derive...
Persistent link: https://www.econbiz.de/10012779169
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Export Production under Exchange Rate Uncertainty
Broll, Udo - 2009
interpreted as an option. An enterprise will opt to export if the profits obtained from exporting under given exchange rate …, an enterprise will choose not to export. By virtue of a favorable exchange rate situation it may be more advantageous to … may still lead to greater export trade volumes …
Persistent link: https://www.econbiz.de/10012720619
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China's Economic Growth, Structural Change and the Lewisian Turning Point
Fukao, Kyoji; Yuan, Tangjun - Institute of Economic Research, Hitotsubashi University - 2012
In a country such as China, which maintains strict controls on foreign exchange and frequently intervenes in the currency market, it is not surprising that the local currency is persistently undervalued in nominal terms. Normally, one would expect such a policy of deliberate currency...
Persistent link: https://www.econbiz.de/10010614064
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China's Economic Growth, Structural Change and the Lewisian Turning Point
Fukao, Kyoji; Yuan, Tang jun - Center for Economic Institutions, Institute of Economic … - 2012
In a country such as China, which maintains strict controls on foreign exchange and frequently intervenes in the currency market, it is not surprising that the local currency is persistently undervalued in nominal terms. Normally, one would expect such a policy of deliberate currency...
Persistent link: https://www.econbiz.de/10010593236
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CHINA'S ECONOMIC GROWTH, STRUCTURAL CHANGE AND THE LEWISIAN TURNING POINT
FUKAO, KYOJI; YUAN, TANGJUN - In: Hitotsubashi Journal of Economics 53 (2012) 2, pp. 147-176
Constructing an open economy Lewisian growthmodel withth ree sectors, we analyze the relationship between economic growth and the level of absolute prices. We show that the absolute price level will not increase until the economy reaches the Lewisian turning point. In addition, we show that in...
Persistent link: https://www.econbiz.de/10010602089
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Earnings Dispersion, Risk Aversion and Education
Belzil, Christian; Hansen, Jörgen - C.E.P.R. Discussion Papers - 2002
We estimate a dynamic programming model of schooling decisions in which the degree of risk aversion can be inferred from schooling decisions. In our model, individuals are heterogeneous with respect to school and market abilities but homogeneous with respect to the degree of risk aversion. We...
Persistent link: https://www.econbiz.de/10005067578
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International Risk-Averse Arbitrage and Exchange Rate Volatility - L’arbitraggio internazionale “risk-averse” e volatilità del tasso di cambio
Tseng, Hui-Kuan - In: Economia Internazionale / International Economics 64 (2011) 4, pp. 503-524
A small open economy model emphasizing the endogenous interestrate arbitrage was employed to examine whether arbitrage activities would dampen or augment exchange rate volatility against random disturbances. Based on numerical simulation, increased risk aversion of arbitragers was observed to...
Persistent link: https://www.econbiz.de/10010991469