Showing 1 - 10 of 6,098
The first part of this paper examines the behaviour of rupiah over the last seven years (1996 - 2002) to ascertain whether in fact there is specific evidence of a return to de facto US dollar peg in Indonesia. To preview the main conclusion, we find evidence to suggest that this has been the...
Persistent link: https://www.econbiz.de/10008740114
The first part of this paper examines the behaviour of rupiah over the last eight years (1995 - 2003) to ascertain whether in fact there is specific evidence of a return to de facto US dollar peg in Indonesia. While we fail to find strong evidence to suggest Indonesia has reverted to the extent...
Persistent link: https://www.econbiz.de/10008740121
unequivocally clear picture of the trade impacts of changes in exchange rates. The impact of exchange rate volatility on trade also … their volatility on trade flows in China, the Euro area and the United States in two broadly defined sectors, agriculture on … the one hand and manufacturing and mining on the other. It finds that exchange volatility impacts trade flows only …
Persistent link: https://www.econbiz.de/10010899210
Persistent link: https://www.econbiz.de/10005013080
Persistent link: https://www.econbiz.de/10005013126
Persistent link: https://www.econbiz.de/10005013200
Persistent link: https://www.econbiz.de/10005013209
Persistent link: https://www.econbiz.de/10004998640
Persistent link: https://www.econbiz.de/10004998671
GARCH models are commonly used as latent processes in econometrics, financial economics and macroeconomics. Yet no exact likelihood analysis of these models has been provided so far. In this paper we outline the issues and suggest a Markov chain Monte Carlo algorithm which allows the calculation...
Persistent link: https://www.econbiz.de/10010661356