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This paper investigates the monetary interdependence and the money-income relationship between countries under a pegged and a floating exchange rate system during the same time period (1979-1997). The relationship is tested between three ERM countries, France, Germany and Holland, and also...
Persistent link: https://www.econbiz.de/10009445749
The current discussion of Inflation Targeting (IT) in emerging economies deals with the effects that nominal exchange rate movements have on the overall inflation rate. The literature has focused in the analysis of the advantages and disadvantages that IT has with respect to other monetary...
Persistent link: https://www.econbiz.de/10009465021
Over the past few decades, many countries have experienced a marked decline in the volatility of output. However, there is still a significant difference between developed and developing countries in the level of output volatility. A proposed explanation for this phenomenon is the impact of...
Persistent link: https://www.econbiz.de/10009457744
international shocks with a very low level of financial development and other factors such as remittances or dollarization that are …
Persistent link: https://www.econbiz.de/10009460826
An f-percent filter rule in a foreign exchange market calls for buying a foreign currency when its price has risen by f percent above a trough and holding until its price has fallen f percent from a peak. If the foreign exchange rate following a random walk, this is an unprofitable strategy....
Persistent link: https://www.econbiz.de/10009430701
ondevelopment efforts. The resurgence of foreign direct investment (FDI) and theincreasing significance of remittances, both as …, with female employment rate getting the largest impact – relative to males.Remittances are another capital flow that plays … adequately to standard shocks, a remittances shock is introduced to examinethe dynamic response of the representative economy …
Persistent link: https://www.econbiz.de/10009465200
economies and development economists having dissenting views about the impact of emigration and remittances on source countries …-coping mechanisms since remittances may play an insurance role. I provide evidence that remittances have transformed farming practices … labor shortages, remittances can be a source of insurance and investment finance that fosters agricultural development …
Persistent link: https://www.econbiz.de/10009450914
This paper analyzes the effects of skilled migration and remittances on fertility decisions at origin. We develop an …
Persistent link: https://www.econbiz.de/10009452552
Savings are one of the important determinants beyond the theories of economic growth. Therefore remittances and foreign … between economic growth, remittances, foreign direct investment inflows and gross domestic savings in Turkey during the period … 1974-2013 by using Autoregressive Distributed Lag approach. We found that remittances, foreign direct investment and gross …
Persistent link: https://www.econbiz.de/10011316211
Migration is a complex phenomenon, with complex and diverse implications. Meanwhile the society is in a constant change the major changes occurring internationally may generate new migratory flows or different views regarding this phenomenon. The most obvious consequences are arising from...
Persistent link: https://www.econbiz.de/10011316220