Showing 1 - 10 of 284
Abstract The dollarization of bank deposits and credit is widespread in developing countries, resulting in varying degrees of currency mismatches in domestic financial intermediation. It is argued that flexible exchange rate regimes generally encourage banks to match dollar-denominated...
Persistent link: https://www.econbiz.de/10014588386
Summary This study aims to determine whether forward discount represents a long memory or short memory process with multiple changes in the mean. Based on the samples of six currencies from November 3, 1986, to March 6, 1998, using Baek and Pipiras’s (2012, 2014) statistical procedures, our...
Persistent link: https://www.econbiz.de/10014609550
Abstract Almost all countries face the problems of trade balance, although they are more inherent in developing countries and economies in transition. A majority of economists adhere to a common opinion that real depreciation may lead to an improvement of trade balance. That said, countries...
Persistent link: https://www.econbiz.de/10014619348
Purpose – The purpose of this paper is to investigate the impacts of Chinese direct investment in Thailand on the Sino-Thai bilateral trade. The economic relationship between Thailand and China has been strengthened through both trade and Chinese direct investment in Thailand for past decades....
Persistent link: https://www.econbiz.de/10014847652
OECD and non‐OECD high income countries for the period 1980 to 2003. Instrumental variable estimation of a dynamic panel …
Persistent link: https://www.econbiz.de/10014863282
Reveals that Ireland has experienced six major changes in exchange rate regimes over the period 1797 to today. Provides a historical perspective on this experience. Indicates that Irish nominal variables have been affected by the exchange rate regime and that membership of exchange rate regimes...
Persistent link: https://www.econbiz.de/10014863500
Purpose The purpose of this paper is to contribute to the literature on demand-driven Keynesian growth in open economies by developing a formal model that combines Dixon and Thirlwall’s (1975) export-led growth model and Thirlwall’s (1979) balance-of-payments constrained growth model into a...
Persistent link: https://www.econbiz.de/10014864692
Purpose The purpose of this study was to investigate the dynamic interactive link between housing prices, stock market price and effective exchange rate in the Iranian economy for a monthly period from April, 2004, to March, 2019. In addition, for a more accurate analysis, three control and...
Persistent link: https://www.econbiz.de/10014777851
prices, and exchange rates have a positive effect on the TEPIX. In other words, the results of the econometric estimation …
Persistent link: https://www.econbiz.de/10014782194
Purpose The paper aims to analyse the extent of volatility and generating forecasts of exchange rates of British pound … models suggested in the Econometric literature to capture the extent of volatility. The forecast of exchange rates of British … volatility depicts that there is noise and chaos in the forex market. Prediction of exchange rate of the respective currencies …
Persistent link: https://www.econbiz.de/10014881760