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New Zealand's Exchange Rate Cycles: Impacts and Policy

Mabin, Gemma - 2011

This paper explores the impact of New Zealand's exchange rate variability on the tradable sector, and policy options for dampening exchange rate variability. It finds that exchange rate variability in the medium term is likely to have a negative impact on the tradable sector. However, the link...

Persistent link: https://www.econbiz.de/10012115626

International capital flow pressures

Goldberg, Linda S.; Krogstrup, Signe - 2018

rate adjustments. The formulation is theory-based, relying on balance of payments equilibrium conditions and international …

Persistent link: https://www.econbiz.de/10011942779

Feste versus flexible Wechselkurse? Anmerkungen zum Nobelpreis 1999 an Robert A. Mundell

Clausen, Volker - In: Wirtschaftsdienst 79 (1999) 12, pp. 748-752

Mit dem diesjährigen Nobelpreis für Wirtschaftswissenschaften wurde Robert A. Mundell „für seine Analyse der Geld- und Fiskalpolitik in verschiedenen Wechselkurssystemen und für seine Analyse optimaler Währungsgebiete" ausgezeichnet. Die zugrundeliegenden Arbeiten wurden bereits in der...

Persistent link: https://www.econbiz.de/10010301875

Canada's pioneering experience with a flexible exchange rate in the 1950s: (hard) lessons learned for monetary policy in a small open economy

Bordo, Michael; Dib, Ali; Schembri, Lawrence - 2007

This paper revisits Canada's pioneering experience with floating exchange rate over the period 19501962. It examines whether the floating rate was the best option for Canada in the 1950s by developing and estimating a New Keynesian small open economy model of the Canadian economy. The model is...

Persistent link: https://www.econbiz.de/10010280054

How successful are exchange rate communication and interventions? Evidence from time-series and event-study approaches

Fratzscher, Marcel - 2005

The paper analyses whether communication and actual interventions in FX markets are successful in moving exchange rates over the medium- to long-run. It compares empirical evidence based on time-series analysis with that obtained from an eventstudy approach. Both the time-series approach based...

Persistent link: https://www.econbiz.de/10011604574

New Zealand's Exchange Rate Cycles: Evidence and Drivers

Mabin, Gemma - 2010

This paper seeks to understand the extent of New Zealand's exchange rate fluctuations compared to others, and what drives New Zealand's exchange rate. New Zealand has only experienced a limited number of exchange rate cycles since the dollar was floated. On a trade-weighted basis this paper...

Persistent link: https://www.econbiz.de/10012115625

Automating exchange rate target zones: intervention via an electronic limit order book

Melvin, Michael; Menkhoff, Lukas; Schmeling, Maik - 2008

This paper describes and analyzes automated intervention of a target zone. Unusually detailed information about the order book allows studying intervention effects in a microstructure approach. We find in our sample that intervention increases exchange rate volatility (and spread) for the next...

Persistent link: https://www.econbiz.de/10010264306

Global monetary and financial spillovers: Evidence from a new measure of Bundesbank policy shocks

Cloyne, James S.; Hürtgen, Patrick; Taylor, Alan M. - 2022

Identifying exogenous variation in monetary policy is crucial for investigating central bank policy transmission. Using newly-collected archival real-time data utilized by the Central Bank Council of the German Bundesbank, we identify unexpected changes in German monetary policy from 580 policy...

Persistent link: https://www.econbiz.de/10013412978

Währungspolitische Interdependenz der EU-Beitrittskandidaten und die Wahl eines geeigneten Wechselkurssystems

Jochem, Axel - 1999

Der vorliegende Diskussionsbeitrag entstand im Rahmen eines Forschungsprojektes über die monetäre Integration von fünf mittel- und osteuropäischen EU-Beitrittskandidaten (Polen, Tschechische Republik, Ungarn, Slowenien und Estland). Das hier vorgestellte Kapitel geht auf die...

Persistent link: https://www.econbiz.de/10010300396

Die EWWU als Club: Positive und normative Implikationen für den Beitritt mittel- und osteuropäischer Reformstaaten

Sell, Friedrich L. - 1999

sind. Der gewählte Analyseansatz greift auf positive und normative Hinweise der Club Theorie zurück. Es wird zunächst … (Kosten und Nutzen des Beitritts) für eine bestmögliche Strategie der Wechselkurspolitik der Beitrittskandidaten zur … draws on positive and normative hints from club theory. The paper provides an analytical approach to determine ex-ante the …

Persistent link: https://www.econbiz.de/10010300401

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