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Currency Manipulation Policy in Emerging Foreign Exchange Markets
Chen, Shiu‐Sheng - 2011
This paper examines the currency manipulation policy in the foreign exchange markets of thirteen emerging countries …
Persistent link: https://www.econbiz.de/10013124443
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Understanding reserve volatility in emerging markets : a look at the long-run
Demarmels, Ricarda; Fischer, Andrea M. - 2003
In this paper, we examine long-run determinants of cross-country variation in reserve volatility for 30 emerging market economies from 1973 to 2000. Reserve holdings and openness are found to be the most important explanatory variables of reserve volatility. The empirical results are robust for...
Persistent link: https://www.econbiz.de/10011397708
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Understanding reserve volatility in emerging markets : a look at the last thirty years
Demarmels, Ricarda; Fischer, Andreas M. - 2002
In this paper, we examine external, monetary, and structural determinants of crosscountry variation in reserve volatility for 30 emerging market economies from 1973 to 2000. We find that reserve holdings and openness to be the most important determinants of reserve volatility. These results are...
Persistent link: https://www.econbiz.de/10011397830
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Inflation Target in Emerging Countries : Modeling Exchange Rate Issues
Reyes, Javier A. - 2011
The idea of inflation targeting in emerging countries is not a new one. There have been papers that favor or reject the idea of implementing such a system in these countries for mainly institutional reasons. This paper does not deal with these normative arguments. Emerging countries are...
Persistent link: https://www.econbiz.de/10013124931
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The Dollar, the Euro and the Role of Emerging Currencies
Malliaris, A. (Tassos) G. - 2009
significant currency volatility. The major economies of the world have addressed such volatility differently. The EU has chosen to … follow a monetary union and introduced successfully a new currency. The U.S. has paid less attention to the fluctuations of … currency appreciate significantly. This paper argues that while trade and growth across the globe are doing well, financial …
Persistent link: https://www.econbiz.de/10012766914
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Optimal Reserve Composition in the Presence of Sudden Stops : The Euro and the Dollar as Safe Haven Currencies
Beck, Roland - 2008
currency debt has very little importance for optimal reserve portfolios …
Persistent link: https://www.econbiz.de/10012771394
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Internationalisation of Emerging Market Currencies
Ma, Guonan - 2014
currency having international status are briefly discussed.Full publication: "http://ssrn.com/abstract=2498104" target …
Persistent link: https://www.econbiz.de/10013047157
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The emergence of the RMB : a "New Normal" for China's exchange rate system?
Kunze, Frederik; Basse, Tobias; Wegener, Christoph; … - 2018
We investigate RMB pricing differentials for onshore and offshore trading. Testing for long memory, we find strong persistence in the pricing differential. Hence, the Chinese FX market in its bipolar structure still lacks basic conditions for perfectly integrated markets.
Persistent link: https://www.econbiz.de/10011847444
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The Return of Capital Controls as Emergency Tools to Counter Financial Crises - Iceland’s Crisis and the Constraints Imposed by the EEA Agreement
Viterbo, Annamaria - 2012
Iceland’s banking system and currency collapsed in 2008, the Central Bank of Iceland adopted a set of Rules on Foreign …
Persistent link: https://www.econbiz.de/10014193716
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Financial Globalization : Unequal Blessings
de la Torre, Augusto; Levy-Yeyati, Eduardo Levy; … - 2004
flexibility, and contractual and regulatory institutions. Countries that have the 'blessed trinity' (international currency …) world financial markets. But developing countries normally display the 'unblessed trinity' (weak currency, fear of floating …
Persistent link: https://www.econbiz.de/10014105701