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volatility, especially in the past decade. Nevertheless, dollarised countries benefit from higher levels of investment and trade …
Persistent link: https://www.econbiz.de/10014422437
In this paper, we challenge the traditional assumption of a linear relationship between exchange rate volatility and … volatility positively and significantly influences economic growth when growth in government spending is below 6 percent. Above … this 6 percent threshold, volatility exerts an insignificant effect on economic growth. In light of the adoption of a free …
Persistent link: https://www.econbiz.de/10011870188
This study aims to investigate the relation between oil prices, exchange rate and economic growth in Russia from a multiple structural break approach. For this reason, quarterly series have been used for the period 1995:q1-2014:q3. In the study, first of all, the series have been subject to...
Persistent link: https://www.econbiz.de/10013017920
Persistent link: https://www.econbiz.de/10012819475
Using Bayesian tests for a structural break at an unknown break date, we search for a volatility reduction within the … real GDP has been less volatile since the early 1980's, and that this volatility reduction is concentrated in the cyclical … volatility, suggesting the aggregate volatility reduction does not have a narrow source. We also find a large volatility …
Persistent link: https://www.econbiz.de/10014126249
We identify five factors that can capture 95% of the variance across 39 United States (US) dollar exchange rates based on the principal component method. We use a time-varying parameter factor-augmented vector autoregressive model to analyze the determinants of movements in these exchange rates,...
Persistent link: https://www.econbiz.de/10012861141
This paper identifies five factors that can capture 95% of the variance across 39 US dollar exchange rates based on the principal component method. A time-varying parameter factor-augmented vector autoregressive (TVP-FAVAR) model is used to analyze the determinants of movements in these exchange...
Persistent link: https://www.econbiz.de/10011992197
We test for the impact of exchange rate volatility on growth in emerging market economies based on the theory of …
Persistent link: https://www.econbiz.de/10003955109
The paper investigates the impact of exchange rate volatility on growth in Emerging Europe and East Asia. Exchange … panel estimations provide evidence for a negative impact of exchange rate volatility on growth both in Emerging Europe and …
Persistent link: https://www.econbiz.de/10013317017
We test for the impact of exchange rate volatility on growth in emerging market economies based on the theory of …
Persistent link: https://www.econbiz.de/10013094613