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Fengler, Matthias R.; Herwartz, Helmut - 2001

Persistent link: https://www.econbiz.de/10001659915

Exchange rates, foreign currency exposure and sovereign risk

Bernoth, Kerstin; Herwartz, Helmut - 2019

We quantify the causal link between exchange rate movements and sovereign risk of 16 major emerging market economies (EMEs) by means of structural vector autoregressive models (SVARs) using data from 10/2004 through 12/2016. We apply a novel data based identification approach of the structural...

Persistent link: https://www.econbiz.de/10011977494

The empirical determinants of the Euro : short and long run perspectives

Chinn, Menzie David - 2000

Persistent link: https://www.econbiz.de/10001509343

The empirical determinants of the Euro : short and long run perspectives

Chinn, Menzie David - 2000

The behavior of the dollar/euro exchange rate is modeled using a monetary model of the exchange rate. The econometric … analysis is complicated by the short sample span of actual euro data available for analysis. Hence, data on a "synthetic" euro …, is identified for the 1991M08-1999M12 period using the Johansen procedure. The model implies that the euro was …

Persistent link: https://www.econbiz.de/10009583879

Dominant currency debt

Eren, Egemen; Malamud, Semyon - 2019 - This version: May 13, 2019

Persistent link: https://www.econbiz.de/10012051201

Dominant currency debt

Eren, Egemen; Malamud, Semyon - 2018 - This version: November 28, 2018

Persistent link: https://www.econbiz.de/10012110879

An intermediation-based model of exchange rates

Malamud, Semyon; Schrimpf, Andreas - 2018 - This version: June 5, 2018

We develop a general equilibrium model with intermediaries at the heart of international financial markets. Global intermediaries bargain with households and extract rents for providing access to foreign claims. The behavior of intermediaries, by tilting state prices, breaks monetary neutrality...

Persistent link: https://www.econbiz.de/10011877302

Dominant currency debt

Eren, Egemen; Malamud, Semyon - 2018 - This version: August 22, 2018

We propose a "debt view" to explain the dominant international role of the dollar and provide broad empirical support for it. Within a simple capital structure model in which firms optimally choose the currency composition of their debt, we derive conditions under which all firms issue debt in a...

Persistent link: https://www.econbiz.de/10011900333

An intermediation-based model of exchange rates

Malamud, Semyon; Schrimpf, Andreas - 2018 - This version: September 13, 2018

Persistent link: https://www.econbiz.de/10011905158

An intermediation-based model of exchange rates

Malamud, Semyon; Schrimpf, Andreas; Zhang, Yuan - 2024 - This version: January 9, 2024

Persistent link: https://www.econbiz.de/10014483273