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The impact of dollarisation on economic growth, investment, and trade
Bajrami, Fisnik - 2023
volatility, especially in the past decade. Nevertheless, dollarised countries benefit from higher levels of investment and trade …
Persistent link: https://www.econbiz.de/10014422437
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Countercyclical Currency Risk Premia
Lustig, Hanno N. - 2020
We describe a novel currency investment strategy, the `dollar carry trade,' which delivers large excess returns, uncorrelated with the returns on well-known carry trade strategies. Using a no-arbitrage model of exchange rates we show that these excess returns compensate U.S. investors for taking...
Persistent link: https://www.econbiz.de/10012857596
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How much bang for the buck? : Mexico and dollarization
Levine, Ross; Carkovic, Maria Vicenta - In: Journal of money, credit and banking : JMCB 33 (2001) 2,2, pp. 339-363
Persistent link: https://www.econbiz.de/10001580602
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Nonlinear relationship between exchange rate volatility and economic growth
Phiri, Andrew - 2018
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
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The theory of optimum currency areas and growth in emerging markets
Schnabl, Gunther; Hoffmann, Andreas - 2010
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
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Exchange Rate Volatility and Growth in Emerging Europe and East Asia
Schnabl, Gunther - 2021
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
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The Theory of Optimum Currency Areas and Growth in Emerging Markets
Hoffmann, Andreas - 2013
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
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Exchange rates and the speed of economic recovery : the role of financial development
Fisera, Boris - 2022
We study the influence of the exchange rate on the speed of economic recovery in a sample of 67 developed and developing economies over the years 1989-2019. First, using a cross-sectional sample of 341 economic recoveries, we study the effect of nominal depreciation and real undervaluation on...
Persistent link: https://www.econbiz.de/10013332929
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The Long Memory of Equity Volatility and the Macroeconomy : International Evidence
Dräger, Lena - 2020
This paper examines long memory volatility in international stock markets. We show that long memory volatility is … memory in volatility than emerging and frontier countries and that stock market jumps are negatively correlated with long … memory of volatility. Overall, our results provide some evidence of a link between stock market uncertainty and macroeconomic …
Persistent link: https://www.econbiz.de/10012853413
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Cross-Border M&A Flows, Economic Growth, and Foreign Exchange Rates
Riddiough, Steven; Zhang, Huizhong - 2022
We extract expectations about future economic growth from firms' cross-border merger and acquisition (M&A) announcements, and show they predict changes in economic growth rates and foreign exchange rate returns. The predictability is driven by the cross-border M&A announcements of cyclical...
Persistent link: https://www.econbiz.de/10013300616