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regimes and capital account restrictions, such as China and Malaysia. This may suggest that the countries with fixed exchange …
Persistent link: https://www.econbiz.de/10010595046
.S. commercial banks, production activities and the foreign exchange rate between U.S. and China. This paper uses monthly data from ….S. and China. The results demonstrate that U.S. short term federal funds rate, U.S. manufacturing capacity utilization, and …
Persistent link: https://www.econbiz.de/10011205708
) government bonds, the People’s Republic of China (PRC) needs a currency with international status that can match its economic …
Persistent link: https://www.econbiz.de/10011278039
) government bonds, the People’s Republic of China (PRC) needs a currency with international status that can match its economic …
Persistent link: https://www.econbiz.de/10011278134
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/10010616101
(RER2) and ratio of banking credit to GDP (BCred) were found to significantly influence the EMPI, indicating that the …
Persistent link: https://www.econbiz.de/10010782134
Currencies can be under severe pressure in the foreign exchange market, but in a fixed (or managed) exchange rate regime that is not fully visible via the change in the exchange rate. Exchange market pressure (EMP) is a concept developed to nevertheless measure the pressure in such cases. This...
Persistent link: https://www.econbiz.de/10009395639
opinion, that a credit granted through TARGET2 to a deficit country necessarily goes against the interests of the other …
Persistent link: https://www.econbiz.de/10011187097
The main objective of this paper is to investigate whether empirical support for the monetary independence hypothesis can be found from eight EU new member countries. Thus, we will analyze which are the consequences of the euro interest rate movements over the interest rates in selected EU new...
Persistent link: https://www.econbiz.de/10010558924
With the spectre of the Euro crisis hunting embryonic monetary unions, we use a dynamic model of a small open economy to analyze REERs imbalances and examine whether the movements in the aggregate real exchange rates are consistent with the underlying macroeconomic fundamentals in the proposed...
Persistent link: https://www.econbiz.de/10010862100