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The real exchange rate in the long run : Balassa-Samuelson effects reconsidered
Bordo, Michael D.; Choudhri, Ehsan U.; Fazio, Giorgio; … - 2014
Historical data for over hundred years and 14 countries is used to estimate the long-run effect of productivity on the … real exchange rate. We find large variations in the productivity effect across four distinct monetary regimes in the sample … argue that changes in trade costs over time may affect the impact of productivity on the real exchange rate over time. We …
Persistent link: https://www.econbiz.de/10010374513
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Monetary policy and asset prices : a look back at past US stock market booms
Bordo, Michael D.; Wheelock, David C. - In: Review / Federal Reserve Bank of St. Louis 86 (2004) 6, pp. 19-44
Persistent link: https://www.econbiz.de/10002543490
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Monetary policy and asset prices : a look at past US stock market booms
Bordo, Michael D.; Wheelock, David C. - 2004
Persistent link: https://www.econbiz.de/10002193549
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Política monetaria y precios de activos : una mirada retrospectiva a los momentos de auge en los mercados de valores de Estados Unidos en el pasado
Bordo, Michael D.; Wheelock, David C. - In: Boletín / Centro de Estudios Monetarios Latinoamericanos 51 (2005) 1, pp. 12-34
Persistent link: https://www.econbiz.de/10003344526
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The real exchange rate in the long run : Balassa-Samuelson effects reconsidered
Bordo, Michael D.; Choudhri, Ehsan U.; Fazio, Giorgio; … - In: Journal of international money and finance 75 (2017), pp. 69-92
Persistent link: https://www.econbiz.de/10011788025
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The real exchange rate in the long run : Balassa-Samuelson effects reconsidered
Bordo, Michael D.; Choudhri, Ehsan U.; Fazio, Giorgio; … - 2014
Persistent link: https://www.econbiz.de/10010386205
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The Real Exchange Rate in the Long Run : Balassa-Samuelson Effects Reconsidered
Bordo, Michael D. - 2014
Historical data for over hundred years and 14 countries is used to estimate the long-run effect of productivity on the … real exchange rate. We find large variations in the productivity effect across four distinct monetary regimes in the sample … argue that changes in trade costs over time may affect the impact of productivity on the real exchange rate over time. We …
Persistent link: https://www.econbiz.de/10013050476
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The Real Exchange Rate in the Long Run : Balassa-Samuelson Effects Reconsidered
Bordo, Michael D. - 2014
Historical data for over hundred years and 14 countries is used to estimate the long-run effect of productivity on the … real exchange rate. We find large variations in the productivity effect across four distinct monetary regimes in the sample … argue that changes in trade costs over time may affect the impact of productivity on the real exchange rate over time. We …
Persistent link: https://www.econbiz.de/10013051759
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The Real Exchange Rate in the Long Run : Balassa-Samuelson Effects Reconsidered
Bordo, Michael D. - 2014
Historical data for over hundred years and 14 countries is used to estimate the long-run effect of productivity on the … real exchange rate. We find large variations in the productivity effect across four distinct monetary regimes in the sample … argue that changes in trade costs over time may affect the impact of productivity on the real exchange rate over time. We …
Persistent link: https://www.econbiz.de/10012458398
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Foreign currency debt, financial crises and economic growth : a long run view
Bordo, Michael D.; Meissner, Christopher M.; Stuckler, David - 2009
Foreign currency debt is widely believed to increase risks of financial crisis, especially after being implicated as a cause of the East Asian crisis in the late 1990s. In this paper, we study the effects of foreign currency debt on currency and debt crises and its indirect effects on short-term...
Persistent link: https://www.econbiz.de/10003895003