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the euro-dollar exchange rate, within a three-country, three-currency portfolio model. Our static model shows that the … euro-dollar rate, whatever the exchange-rate regime of China. Moving to a dynamic, stock-flow framework, we show that the …
Persistent link: https://www.econbiz.de/10010292492
misalignments against the real and the U.S. dollar. In general, European countries have significant positive misalignment against … the real, against the dollar while presenting small misalignment, whether positive or negative. Brazil presents … misalignment negative against the dollar, and it is possible to check the consistency of the methodology employed, especially when …
Persistent link: https://www.econbiz.de/10010330805
. For the flow of international bond and note issuance it has even slightly overtaken the US dollar in the second half of …
Persistent link: https://www.econbiz.de/10011604065
This paper analyses the impact of the shift away from a US dollar focus of systemically important emerging market … economies (EMEs) on configurations between the US dollar, the euro and the yen. Given the difficulty that fixed or managed US … dollar exchange rate regimes remain pervasive and reserve compositions mostly kept secret, the identification strategy of the …
Persistent link: https://www.econbiz.de/10011605019
Dans l’etude ci-dessous on a ete realise une interpretation de l'impact des fluctuations des taux de change du leu moldave (MDL) sur certaines variables economiques. La periode consideree est Novembre-Decembre 2014 et le debut de l'annee 2015. Notamment au cours de cette periode, le taux de la...
Persistent link: https://www.econbiz.de/10012017201
Using detailed firm-level transactions data for UK imports, we find that invoicing in a vehicle currency is pervasive, with more than half of transactions in our sample invoiced in neither sterling nor the exporter’s currency. We then study the relationship between invoicing currency choices...
Persistent link: https://www.econbiz.de/10012052801
We show that U.S. dollar movements affect syndicated loan terms for U.S. borrowers, even for those without trade … exposure. We identify the effect of dollar movements using spread and loan amount adjustments during the syndication process …. Using this high-frequency, within loan variation, we find that a one standard deviation increase in the dollar index …
Persistent link: https://www.econbiz.de/10012269446
This paper provides evidence that the U.S. dollar affects countries' exports through the financial channel of the … exchange rate (Bruno and Shin (2015)). Using global data on trade between countries whose currency is not the U.S. dollar, it … documents a positive relationship between the dollar and import prices. Importantly, this effect is stronger when the dollar …
Persistent link: https://www.econbiz.de/10014377469
financial system after the US dollar (hereinafter, the dollar), should be treated as a priority in efforts to strengthen the EU …
Persistent link: https://www.econbiz.de/10014476236
With the euro's appearance in the world market, the competition between euro and dollar has become a hot-button issue …. The author focuses on the movements of the euro/dollar exchange rate and probes into the determinants of its exchange rate …
Persistent link: https://www.econbiz.de/10010312722