Showing 1 - 10 of 697
discussion of flexibility and credibility trade-offs and exit issues. …
Persistent link: https://www.econbiz.de/10005826104
specifying price transmission equations in international trade models Protective policies, such as tariffs and quotas, reduce the …
Persistent link: https://www.econbiz.de/10010881988
Trade deficits and surpluses are sometimes attributed to intentionally low or high exchange rate levels. The impact of … exchange rate levels on trade has been much debated but the large body of existing empirical literature does not suggest an … unequivocally clear picture of the trade impacts of changes in exchange rates. In addition, much of the evidence on this subject …
Persistent link: https://www.econbiz.de/10011277111
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
Trade deficits and surpluses are sometimes attributed to intentionally low or high exchange rate levels. The impact of … exchange rate levels on trade has been much debated but the large body of existing empirical literature does not suggest an … unequivocally clear picture of the trade impacts of changes in exchange rates. The impact of exchange rate volatility on trade also …
Persistent link: https://www.econbiz.de/10009320172
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
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
A dynamic dependent-economy model is developed to investigate the role of the real exchange rate in determining the effects of foreign aid. If capital is perfectly mobile between sectors, untied aid has no longrun impact on the real exchange rate. A decline in the traded sector occurs because...
Persistent link: https://www.econbiz.de/10005825842
? 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
, the external terms of trade, and productivity in the manufacturing sector. A once-and-for-all unit increase in the ratio …
Persistent link: https://www.econbiz.de/10005825972