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Estimating medieval market integration : evidence from exchange rates

Volckart, Oliver; Wolf, Nikolaus - 2004

In this paper we present a new method for estimating market integration under a commodity money system such as that which existed in Europe until the demise of the gold standard. The approach is based on the analysis of deviations between exchange rates and parity, which under conditions of a...

Persistent link: https://www.econbiz.de/10009303501

Testing Purchasing Power Parity for the New EU Members and Turkey : A Panel Cointegration Analysis with Disaggregated CPI

Saygili, Hulya - 2009

This study applies multivariate panel cointegration technique to evaluate purchasing power parity (PPP) hypothesis by using consumer price sub-indices of new EU member transition economies and Turkey. We aim not only to compare the parameter estimates across the sectors of an economy but also...

Persistent link: https://www.econbiz.de/10012719706

Exchange rate regimes in India : central bank interventions and purchasing power parity in the context of ASEAN currencies

Siddharth, Angad; Alexiou, Constantinos; Vogiazas, Sofoklis - In: Economies : open access journal 12 (2024) 4, pp. 1-21

In this study spanning four decades, we explored the relationship between the Reserve Bank of India's (RBI) interventions and the validity of Purchasing Power Parity (PPP) across two distinct exchange rate regimes: the fixed exchange rate regime (1975-1993) and the managed floating regime...

Persistent link: https://www.econbiz.de/10014635893

Purchasing Power Parity and Uncovered Interest Parity Revisited : Evidence From G7 Exchange Rates Using a Dynamic Joint Model

Babaei, Hamid - 2023

This paper investigates purchasing power parity (PPP) between the G7 member countries after the advent of the Euro currency. A dynamic joint model of PPP and uncovered interest parity (UIP) is introduced to decompose the real exchange rate (RER) into two components. Interest rate differential...

Persistent link: https://www.econbiz.de/10014349429

Influence of real exchange rate on the finance-growth nexus in the West African region

Ehigiamusoe, Kizito Uyi; Hooi Hooi Lean - In: Economies : open access journal 7 (2019) 1/23, pp. 1-21

This study examines the moderating effects of the real exchange rate and its volatility on the finance-growth nexus in … levels of the real exchange rates and its volatility. The findings show that financial development has a long-term positive … impact on economic growth, but this impact is weakened by real exchange rate and its volatility. The marginal effects of …

Persistent link: https://www.econbiz.de/10012020497

Relationships between exchange rate regime, real exchange rate volatility and currency structure of government bonds in emerging markets

Dudzich, Viktar - In: Národohospodářský obzor : časopis věnovaný … 20 (2020) 1, pp. 3-22

exchange rate regime type (both de jure and de facto) and real exchange rate volatility serving as explanatory variables. The … findings reveal that fixed exchange rate regime and high real exchange rate volatility is promoting the foreign currency …

Persistent link: https://www.econbiz.de/10012242309

Exchange rate volatility in Nigeria : consistency, persistency & severity analyses

Adeoye, Babatunde W.; Atanda, Akinwande A. - In: CBN journal of applied statistics 2 (2011) 2, pp. 29-49

examines the consistency, persistency, and severity (degree) of volatility in exchange rate of Nigerian currency (naira) vis … were used to examine the degree or severity of volatility based on the first difference, standard deviation and coefficient … of deviation estimated volatility series for the nominal and real exchange rate of naira vis-a-vis the U.S dollar. The …

Persistent link: https://www.econbiz.de/10011477452

Sources of euro real exchange rate fluctuations : what is behind the euro weakness in 1999 - 2000

Döpke, Jörg; Gottschalk, Jan; Kamps, Christophe - 2001

Persistent link: https://www.econbiz.de/10001584428

Non-Traded Goods and Real Exchange Rate Volatility in a Two-Country DSGE Model

Azcona, Nestor - 2016

economy's characteristics have a significant effect on the transmission mechanism and the overall volatility of the real …

Persistent link: https://www.econbiz.de/10013006501

Sources of Exchange Rate Fluctuations : Are They Real or Nominal?

Juvenal, Luciana - 2010

I analyze the role of real and monetary shocks on the exchange rate behavior using a structural vector autoregressive model of the US vis-à-vis the rest of the world. The shocks are identified using sign restrictions on the responses of the variables to orthogonal disturbances. These...

Persistent link: https://www.econbiz.de/10013151170