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Exchange Rate Pass-Through and Relative Prices: An Industry-Level Empirical Investigation
Bhattacharya, Prasad; Karayalcin, Cem A.; Thomakos, … - Deakin University, Faculty of Business and Law, School … - 2006
In this paper we explore the extent of exchange rate pass-through for the USA, UK and Japan using a post-Bretton Woods industry-level dataset. We investigate how different channels of exchange rate pass-through affect domestic and import prices. Our analysis is suggestive of two channels of...
Persistent link: https://www.econbiz.de/10004997929
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European Monetary Unification: The Challenges Ahead
Eichengreen, Barry; Ghironi, Fabio - C.E.P.R. Discussion Papers - 1995
This paper reviews the problems that must be resolved at the Intergovernmental Conference in 1996 to clear the way for European Monetary Union: locking in Germany's commitment to the project, and reconciling EMU with variable geometry. It reviews what we know about the costs and benefits of EMU...
Persistent link: https://www.econbiz.de/10005792205
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China's Growth and Integration into the World Economy; Prospects and Challenges
Prasad, Eswar - International Monetary Fund (IMF) - 2004
China’s transformation into a dynamic private-sector-led economy and its integration into the world economy have been among the most dramatic global economic developments of recent decades. This paper provides an overview of some of the key aspects of recent developments in China’s...
Persistent link: https://www.econbiz.de/10005252521
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Real Exchange Rates and Fundamentals; A Cross-Country Perspective
Ricci, Luca Antonio; Lee, Jaewoo; Milesi-Ferretti, … - International Monetary Fund (IMF) - 2008
of trade to estimate a panel cointegrating relationship between real exchange rates and a set of fundamentals for a …-based real exchange rate and commodity terms of trade. The estimated impact of productivity growth differentials between traded …
Persistent link: https://www.econbiz.de/10005825636
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Predicting Emerging Market Currency Crashes
Perraudin, W. R. M.; Kumar, Manmohan S.; Moorthy, Uma - International Monetary Fund (IMF) - 2002
This paper assesses the extent to which crashes in emerging market currencies are predictable using simple logit models based on lagged macroeconomic and financial data. To evaluate our model, we calculate trading strategies in which an investor goes long or short in the currency depending on...
Persistent link: https://www.econbiz.de/10005825803
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Patterns of Shocks and Regional Monetary Cooperation in South Asia
Maskay, Nephil Matangi - International Monetary Fund (IMF) - 2003
? Data from South Asia suggest that member states have minor trade linkages and face asymmetrical patterns of shocks. This …
Persistent link: https://www.econbiz.de/10005825897
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Yen Bloc or Yuan Bloc; An Analysis of Currency Arrangements in East Asia
Shirono, Kazuko - International Monetary Fund (IMF) - 2009
if China's relative presence continues to rise in the regional trade. …
Persistent link: https://www.econbiz.de/10005826046
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Estimating Iceland's Real Equilibrium Exchange Rate
Tchaidze, Robert - International Monetary Fund (IMF) - 2007
Given recent developments in Iceland, this paper evaluates its real exchange rate disequilibrium. It discusses three approaches to estimating the equilibrium values and suggests that the adjustment needed to bring the real exchange rate in line with fundamentals is in the range of 15-25 percent,...
Persistent link: https://www.econbiz.de/10005826225
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A New Look at Exchange Rate Volatility and Trade Flows
Clark, Peter B.; Wei, Shang-Jin; Tamirisa, Natalia T.; … - International Monetary Fund (IMF) - 2004
The effect of exchange rate volatility on trade flows was examined by a 1984 IMF study on G-7 countries. Over the past … exchange hedging instruments, may have reduced the impact of volatility on trade flows. Using recent advances in the economic … theories on trade and in statistical methodologies, this paper revisits this important issue by taking into account these new …
Persistent link: https://www.econbiz.de/10005767343
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Assessing Competitiveness After Conflict; The Case of the Central African Republic
Lewis, Mark; Nachega, Jean-Claude; Bakhache, Said; … - International Monetary Fund (IMF) - 2006
presents several conventional techniques for assessing competitiveness, namely the real exchange rate and recent trade … many post-conflict situations. The real exchange measure and trade measures suggest some mild erosion of competitiveness in …
Persistent link: https://www.econbiz.de/10005768991