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Excess Comovements between the Euro/US dollar and British pound/US dollar exchange rates
Kühl, Michael - Center for Globalization and Europeanization of the … - 2009
The aim of this paper is to discuss excess comovements for the Euro/US dollar and British pound/US dollar exchange rates, i.e. we look for comovements of exchange rates which are stronger than implied by fundamentals. The results of the empirical analysis give evidence that excess comovements...
Persistent link: https://www.econbiz.de/10008476252
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Strong comovements of exchange rates: Theoretical and empirical cases when currencies become the same asset
Kühl, Michael - Center for Globalization and Europeanization of the … - 2008
The aim of this paper is to detect periods in which two currencies can be classified as being the ”same” asset. Two currencies can be treated as the same asset if their exchange rates vis-`a-vis the same base currency are cointegrated with a cointegration vector that is consistent with the...
Persistent link: https://www.econbiz.de/10005593799
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Excess comovements between the Euro/US dollar and British pound/US dollar exchange rates
Kühl, Michael - Center for European, Governance and Economic … - 2009
The aim of this paper is to discuss excess comovements for the Euro/US dollar and British pound/US dollar exchange rates, i.e. we look for comovements of exchange rates which are stronger than implied by fundamentals. The results of the empirical analysis give evidence that excess comovements...
Persistent link: https://www.econbiz.de/10010980787
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Strong comovements of exchange rates: Theoretical and empirical cases when currencies become the same asset
Kühl, Michael - Center for European, Governance and Economic … - 2008
The aim of this paper is to detect periods in which two currencies can be classified as being thesame asset. Two currencies can be treated as the same asset if their exchange rates vis-à-vis the same base currency are cointegrated with a cointegration vector that is consistent with the...
Persistent link: https://www.econbiz.de/10010980798
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How Much Does Trade and Financial Contagion Contribute to Currency Crises? The Case of Korea
Qin, Duo - School of Economics and Finance, Queen Mary - 2000
economy due to its changing capital mobility, and the changing intensity of currency speculation in response to the changing …
Persistent link: https://www.econbiz.de/10005106306
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Identifying the Signs of Currency Speculation in Hong Kong's Linked exchange Rate
Li, Kui-Wai - Volkswirtschaftliche Fakultät, … - 2011
This paper identifies the ex ante factors of currency speculation based on the experience of Hong Kong’s three episodes … probability of currency speculation. The empirical results indicate that unusual movements in the exchange rate difference, Hang … periods of currency speculation. The paper traces the disposition of the speculators. …
Persistent link: https://www.econbiz.de/10009370834
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STUDIES ON FINANCIAL MARKETS IN EAST ASIA
Susai, Masayuki (contributor); Uchida, Shigeru (contributor) - World Scientific Publishing Co. Pte. Ltd.
This book will be an important addition to the limited number of books that discuss finance and accounting issues in East Asian countries. While presenting recent empirical studies on finance and accounting in East Asian economies, it also reveals the underlying reasons for remarkable economic...
Persistent link: https://www.econbiz.de/10010883054
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The Increasing Influence of Oil Prices on the Canadian Stock Market
Hasan, Shahriar; Mahbobi, Mohammad - In: The International Journal of Business and Finance Research 7 (2013) 3, pp. 27-39
This paper examines the influence of oil prices on Canadian stock market using the cause-effect relationship between oil prices and the TSX index. Additionally, the relationship between the Canadian to US Dollar exchange rate and the TSX index was investigated. Results show that in the last...
Persistent link: https://www.econbiz.de/10010938518
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Nonlinear Adjustment, Purchasing Power Parity and the Role of Nominal Exchange Rates and Prices
Beckmann, Joscha - Rheinisch-Westfälisches Institut für … - 2011
Although the literature on purchasing power parity (PPP) is rich in controversy, the relative contribution of prices and nominal exchange rates to real exchange rate movements which restore PPP disequilibria has rarely been put under any close scrutiny. Using monthly data from 1973:01 to 2009:12...
Persistent link: https://www.econbiz.de/10009246532
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Dollar Illiquidity and Central Bank Swap Arrangements During the Global Financial Crisis
Rose, Andrew K; Spiegel, Mark - C.E.P.R. Discussion Papers - 2011
While the global financial crisis was centered in the United States, it led to a surprising appreciation in the dollar, suggesting global dollar illiquidity. In response, the Federal Reserve partnered with other central banks to inject dollars into the international financial system. Empirical...
Persistent link: https://www.econbiz.de/10009293988