Showing 1 - 10 of 29
environmental costs associated with them. Critics have argued that economic growth, trade liberalization, and increased primary …
Persistent link: https://www.econbiz.de/10009445524
These three invited papers examine the role that exchange rates may have in influencingcommodity prices, input prices and farm income. The papers arguably represent one of themost important recent attempts to quantify and explain these new linkages. As U.S. and worldagriculture moves from a...
Persistent link: https://www.econbiz.de/10009446402
Introduction to the theory of international trade and finance with applications to current policy issues. From the ….e. international trade, and what determines the flow of savings and investments from one country to another, i.e. international finance … globalization, free trade agreements, the large current account deficits of the US, the prospects for exchange rates, and the calls …
Persistent link: https://www.econbiz.de/10009432089
The major objective of this thesis is to investigate whether there exists a stable long run and short run equilibrium relationship between real money balances (M1 or M2) and their determinants in Thailand. A cointegration analysis and the Vector Error Correction Model (VECM) are conducted on...
Persistent link: https://www.econbiz.de/10009434859
Whether or not currency markets may be regarded as efficient or not has been a hotly debated issue in the academic literature over recent decades. Economic theory would suggest that these markets should be efficient because they are apparently good examples of a perfectly competitive market...
Persistent link: https://www.econbiz.de/10009437792
Financial processes may possess long memory and their probability densities may display heavy tails. Many models have been developed to deal with this tail behaviour, which reflects the jumps in the sample paths. On the other hand, the presence of long memory, which contradicts the efficient...
Persistent link: https://www.econbiz.de/10009437906
This paper compares the true, ex-ante forecasting performance of a micro-based model against both a standard macro model and a random walk. In contrast to existing literature, which is focused on longer horizon forecasting, we examine forecasting over horizons from one day to one month (the...
Persistent link: https://www.econbiz.de/10009440722
Nominal exchange rate volatility has been greater than that of "fundamentals" supposed to establish the exchange rates. A major contribution to our understanding of this volatility was given by Rudiger Dornbusch in his 1976 paper "Expectations and Exchange Rate Dynamics", where stickiness of...
Persistent link: https://www.econbiz.de/10009441733
Finding evidence of the theoretical relationship between exchange rate and inflation has been a difficult proposition in an exchange rate market, despite many studies in developed markets. Three recent papers employing a new research design, Theil’s Divisia index method, found that this...
Persistent link: https://www.econbiz.de/10009441758
low-frequency multi-country panel time series data for a group of trade-related nations in the Asia Pacific, including … Japan. Our findings suggest that exchange rate is affected by growth rate, and trade and capital flows: other less … significant variables include sovereign debt; balance of payments; money supply; and trade openness. It also confirms that …
Persistent link: https://www.econbiz.de/10009441762