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Exchange Rate Regimes and Financial Dollarization: Does Flexibility Reduce Currency Mismatches in Bank Intermediation?

Arteta, Carlos O. - In: Topics in Macroeconomics 5 (2005) 1

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

Does the Forward Discount Represent a Long Memory Process or Short Memory Process with Multiple Changes in the Mean?

Shahrin, Aidil Rizal - In: Jahrbücher für Nationalökonomie und Statistik 235 (2015) 6, pp. 630-641

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

Bilateral Trade Elasticity of Serbia and Her Trading Partners

Kurtovic, Safet; Halili, Blerim; Maxhuni, Nehat - In: Review of Economics 68 (2017) 3, pp. 181-204

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

Dynamics between currency and equity in Chinese markets

Aftab, Muhammad; Ahmad, Rubi; Ismail, Izlin - In: Chinese Management Studies 9 (2015) 3, pp. 333-354

Purpose – This study aims to examine the dynamics between exchange rate and equities contextualizing the current liberal currency regime in China. This investigation also extends the analysis to explore the potential important factors influencing the interactions between these two markets....

Persistent link: https://www.econbiz.de/10014697854

Assessment on RMB valuation – a triangular analysis approach

Wang, Peijie; Zhang, Bing - In: China Finance Review International 4 (2014) 1, pp. 76-95

Purpose – The authors make assessment on RMB valuation and to contribute to the fierce debate on this important issue, which is perceived to have a great effect on the improvement or deterioration in trade balance. A triangular analysis approach is put forward and empirical assessment is made....

Persistent link: https://www.econbiz.de/10014694499

Fitting and forecasting of nonlinear Taylor rule in China

Wu, Guobing; Zhang, Hao; Chen, Ping - In: China Finance Review International 5 (2015) 4, pp. 402-420

Purpose – In this paper, six forms of non-linear Taylor rule have been applied to compare the fitting and prediction of response function of monetary policy of China, in an attempt to figure out a form of non-linear Taylor rule that accords with Chinese practices. The paper aims to discuss...

Persistent link: https://www.econbiz.de/10014694727

Stock prices and exchange rate dynamics in selected African countries: a bivariate analysis

Adjasi, Charles K.D.; Biekpe, Nicholas B.; Osei, Kofi A. - In: African Journal of Economic and Management Studies 2 (2011) 2, pp. 143-164

Purpose – The paper aims to investigate the relationship between stock prices and exchange rate movement in seven African countries. Design/methodology/approach – It uses vector autoregressive (VAR) cointegration and impulse response analysis to determine the long‐ and short‐run linkages...

Persistent link: https://www.econbiz.de/10014668488

Commodity prices, the exchange rate and manufacturing in South Africa: what do the data say?

Hodge, Duncan - In: African Journal of Economic and Management Studies 6 (2015) 4, pp. 356-379

Purpose – The purpose of this paper is to investigate the empirical relationships between changes in OECD output, commodity prices, the real exchange rate, real money supply, unit labour costs and manufacturing in South Africa. In particular, to test a version of the Dutch disease argument...

Persistent link: https://www.econbiz.de/10014668801

Kritik internationaler Empfehlungen zur Indexformel für Preisindizes in der amtlichen Statistik / A Critique of International Recommendations Concerning Price Index Formulas

Lippe, Peter von der - In: Jahrbücher für Nationalökonomie und Statistik 218 (1999) 3-4, pp. 385-414

mißverstandenen „ökonomischen Theorie der Indexzahlen", und 2. die unglückselige Empfehlung des SNA 93 zugunsten von Kettenindizes als … shortcomings of the "economic theory" approach followed in the Boskin Report (in addition to ideas expressly intended to simply … deflation properties are demonstrated in detail. Implausibilities of chaining and "explaining" (as recommended in SNA) lack of …

Persistent link: https://www.econbiz.de/10014608687

Preisindizes mit konstanten Wertgewichten. Bemerkungen zu einem Vorschlag von Werner Neubauer / Two Price Index Formulas Proposed by W. Neubauer

Lippe, Peter von der - In: Jahrbücher für Nationalökonomie und Statistik 220 (2000) 6, pp. 742-758

Zusammenfassung Zwei von Neubauer ins Gespräch gebrachte Preisindexformeln werden hinsichtlich ihrer Interpretation und Eigenschaften untersucht. Die Formeln sind leider wenig bekannt und wohl auch selten im Detail untersucht worden. Das ist umso bedauerlicher als sie einige sehr vorteilhafte...

Persistent link: https://www.econbiz.de/10014608805