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significant increase in the exchange rate and its volatility in recent years. Hence, the empirical examination of the volatility-export … volatility plays quite important role for Turkey's export, (ii) asymmetry matters for better understanding the volatility-export … on capital and consumption goods export. Lastly, exchange rate volatility affects exports in opposite directions in the …
Persistent link: https://www.econbiz.de/10013269374
-integration models ARDL and VECM, while for the cases of absence of a common stochastic trend the short-term coefficients are obtained … through VAR models. At the end, short and long-term ARDL estimates are also made with variables that present a different order … income and the price index are always significant except for Peru. The variables of real exchange rate and volatility are …
Persistent link: https://www.econbiz.de/10013488585
In this paper, we challenge the traditional assumption of a linear relationship between exchange rate volatility and … volatility positively and significantly influences economic growth when growth in government spending is below 6 percent. Above … this 6 percent threshold, volatility exerts an insignificant effect on economic growth. In light of the adoption of a free …
Persistent link: https://www.econbiz.de/10011870188
We investigate the likely sources of exchange rate dynamics in selected member countries of the Commonwealth of Independent States (CIS; Russia, Kazakhstan, Ukraine, Kyrgyzstan, Azerbaijan, and Moldova) over the past decade (1999-2010). Evidence is based on country VARs augmented by a regional...
Persistent link: https://www.econbiz.de/10011518862
We investigate the likely sources of exchange rate dynamics in selected CIS countries (Russia, Kazakhstan, Ukraine, Kyrgyzstan, Azerbaijan, and Moldova) over the past decade (1999-2008). The analysis is based on country VAR models augmented by a regional common factor structure (FAVAR model)....
Persistent link: https://www.econbiz.de/10011387304
This paper investigates the effect of inflation volatility on private sector credit growth. The results indicate that … private sector credit growth is positively linked to the one period lagged inflation volatility. Given that past monetary … positive response of private sector credit growth to past inflation volatility suggests a credible monetary policy regime in …
Persistent link: https://www.econbiz.de/10011853882
Empirical relationships between crude oil prices and exchange rates of oil exporting countries tend to vary over time. I use econometric models of the norwegian and canadian nominal exchange rates to investigate whether such time-variation could reflect shifts in the key oil price drivers over...
Persistent link: https://www.econbiz.de/10012214320
This paper empirically investigates the impact of exchange rate volatility on the real exports in India using the ARDL … volatility, real exchange rate, gross domestic product and foreign economic activity. Our findings indicate that the exchange … rate volatility has significant negative impact on real exports both in the short-run and long-run, implying that higher …
Persistent link: https://www.econbiz.de/10013082330
trading partners. The results from bounds testing for cointegration show that the variables in the export demand are … cointegrated, and the Marshall-Lerner condition still holds in the case of United States. Real exchange rate volatility generated …
Persistent link: https://www.econbiz.de/10014183666
We investigate an impact of oil-price shocks on GDP and exchange rate dynamics in resource-heterogeneous economies. We employ a Markov regime-switching version of a vector autoregressive (VAR) model to allow for regime shifts, non-linear effects and timevarying parameters of the VAR process....
Persistent link: https://www.econbiz.de/10013369064