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Exchange Rate Pass-through in Russia
Ponomarev, Yuri; Trunin, Pavel V.; Uljukaev, Aleksej V. - 2014
The article provides estimates of short-run and medium-run exchange rate pass-through into domestic prices in Russia during the period of 2000–2012 using vector error correction model. Exchange rate pass-through asymmetry estimates, its assessments on different sub-periods and exchange rate...
Persistent link: https://www.econbiz.de/10011379941
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Non-fundamental exchange rate volatility and welfare
Straub, Roland; Tchakarov, Ivan - 2004
We lay out an empirical and a theoretical model to analyze the effects of non-fundamental exchange rate volatility on economic activity and welfare. In the first part of the paper, the GARCH-SVARmodel is applied to measure empirically the effect of the conditional exogenous exchange rate...
Persistent link: https://www.econbiz.de/10011604374
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The impacts of public expenditure innovations on real exchange rate volatility in South Africa
Nuru, Naser Yenus; Gereziher, Hayelom Yrgaw - 2021
This study investigates the impacts of public expenditure innovations on exchange rate volatility in South Africa using quarterly data for the period 1970-2019. To achieve this objective, a version of the vector autoregressive impulse response model proposed by Jordà is employed and the...
Persistent link: https://www.econbiz.de/10012651143
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Analyse der Terms-of-Trade Österreichs
Schiman, Stefan; Reinstaller, Andreas - 2015
Die Terms-of-Trade (ToT) bezeichnen das Tauschverhältnis von Warenimporten zu Warnexporten, also die Relation von Export- zu Importpreisen. Das Einwirken gegenläufiger Kräfte führte in Österreich dazu, dass sich die ToT im langfristigen Vergleich relativ stabil entwickelten. Die vorliegende...
Persistent link: https://www.econbiz.de/10011345650
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Exchange rate volatility in the eurozone
Bajo Rubio, Oscar; Berke, Burcu; McMillan, David G. - 2019
rate of growth of exports in the eurozone since the start of the crisis. To that end, the authors estimate export functions … impact of exchange rate volatility on the exports of the countries analysed, suggesting that financial markets were developed … enough so that exchange rate volatility does not hinder the evolution of exports. …
Persistent link: https://www.econbiz.de/10012120810
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Exchange rate volatility in the eurozone
Bajo-Rubio, Oscar; Berke, Burcu; McMillan, David G. - In: Economics: The Open-Access, Open-Assessment E-Journal 14 (2020) 2020-5, pp. 1-23
rate of growth of exports in the eurozone since the start of the crisis. To that end, they estimate export functions … impact of exchange rate volatility on the exports of the countries analysed, suggesting that financial markets were developed … enough so that exchange rate volatility does not hinder the evolution of exports. …
Persistent link: https://www.econbiz.de/10012160887
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Exchange Rate Volatility, Financial Constraints and Trade: Empirical Evidence from Chinese Firms
Héricourt, Jérôme; Poncet, Sandra - 2013
This paper studies how firm-level export performance is affected by Real Exchange Rate (RER) volatility and investigates whether this effect depends on existing financial constraints. Our empirical analysis relies on export data for more than 100,000 Chinese exporters over the 2000-2006 period....
Persistent link: https://www.econbiz.de/10010317055
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Macroeconomic trade effects of vehicle currencies: Evidence from 19th century China
El-Shagi, Makram; Zhang, Lin - 2016
We use the Chinese experience between 1867 and 1910 to illustrate how the volatility of vehicle currencies affects trade. Today's widespread vehicle currency is the dollar. However, the macroeconomic effects of this use of the dollar have rarely been addressed. This is partly due to...
Persistent link: https://www.econbiz.de/10011500790
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On the (nonlinear) relationship between exchange rate uncertainty and trade: An investigation of US trade figures in the Group of Seven
Herwartz, Helmut - 2003
In this paper bilateral models formalizing monthly growth of US imports and exports are employed to investigate the … nonlinear and, moreover, lacks homogeneity across countries and imports vs. exports …
Persistent link: https://www.econbiz.de/10010296439
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A reappraisal of the border effect on relative price volatility
Cheung, Yin-Wong; Lai, Kon-Sun - 2006
Engel and Rogers (1996) find that crossing the US-Canada border can considerably raise relative price volatility and that exchange rate fluctuations explain about one-third of the volatility increase. In re-evaluating the border effect, this study shows that cross-country heterogeneity in price...
Persistent link: https://www.econbiz.de/10010274494