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Connection between interest rate and foreign exchange is important because of the economic volatility of the two … aims to establish a series of characteristics regarding the impact of interest rate in exchange rate volatility. This kind …
Persistent link: https://www.econbiz.de/10008833281
Persistent link: https://www.econbiz.de/10008610390
Indeed, the specification of equilibrium in the world economy depends on the exchange rate regime and thus, the early … foreign exchange markets. However, the world has known several exchange rate systems beginning with the fixed-gold standard … exchange was deregulated, independent traders finally had access to the biggest trading market of the world; and these forex …
Persistent link: https://www.econbiz.de/10005619306
effects are caused by changes in world real income. The paper provides new insights on how changes in world real income affect … labor demand and the wage bargaining process. The analysis of the interaction of shock spillovers and benefit system focuses …
Persistent link: https://www.econbiz.de/10005063034
Turkey has considerably improved its terms of access to the global capital market. Progress in macroeconomic fundamentals has enhanced credibility and reduced risk premia and capital costs. This has had broad effects on capital supply conditions in the entire economy. Real interest rates have...
Persistent link: https://www.econbiz.de/10008692918
mismatch and liquidity pressures point to a growing exchange rate risk. Belize would have to maintain a significant primary …
Persistent link: https://www.econbiz.de/10005591388
Korea was hit hard by the 2008 global financial crisis, with the foreign bank deleveraging channel coming prominently into play. The global financial crisis demonstrated that a sharp deleveraging can be transmitted to emerging markets through the bank lending channel to a slowdown in credit...
Persistent link: https://www.econbiz.de/10010790297
presence of a permanent markup shock which causes the desired markup ratio to shift permanently. It is shown that after a … permanent positive markup shock, output, per-capita hours, and the real wage decline both in the short and the long run. The …
Persistent link: https://www.econbiz.de/10010931948
The empirical study shows that the equilibrium real exchange rate in Mauritius has been affected by the terms of trade, as well as by other fundamental determinants. It assesses the challenges posed to Mauritius’s trade performance by the expiration of the preferential trade arrangements....
Persistent link: https://www.econbiz.de/10011244211
This 2005 Article IV Consultation highlights that Singapore’s economy has recovered rapidly since mid-2003, having weathered a series of adverse shocks since the Asian crisis. This turnaround owes much to a favorable external environment, supportive macroeconomic policies, and continued...
Persistent link: https://www.econbiz.de/10011245850