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This paper estimates the cash flow and real effects of currency mismatches generated by foreign-priced operations of French manufacturers. The value of transactions invoiced in foreign currencies is twice as sensitive to exchange rates as the value of transactions invoiced in the domestic...
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scale, implying that the international diversification benefits have largely disappeared in globalized world markets … it reveals that Frances' stock market is able to pull the other major world stock markets at lower and high frequencies …
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shocks are found in China, USA and Japan while European countries seem to fare quite well during recent positive oil …
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with respect to countries' geographical remoteness, education levels, business environment and institutions. China stands …
Persistent link: https://www.econbiz.de/10010482005
This paper examines the global drivers of inflation in 55 countries over the 1970-2022 period. We estimate a Factor-Augmented Vector Autoregression model for each country and assess the importance of several global (demand, supply, and oil price) and domestic shocks. We report three main...
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New Silk Road railways have provided cross-continental rail freight services between China and Eurasian countries since … China. To address the issue of endogenous placement of railways, we utilize the generalized synthetic control method. We … countries based on whether they share boundary with China …
Persistent link: https://www.econbiz.de/10014097366