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Czech BEERs with PEERs : tackling the uncertainty
Baxa, Jaromír; Jančovič, Pavel - 2019
The alternative specifications of the behavioural equilibrium exchange rate models (the BEERs) and their permanent counterparts (the PEERs) often deliver diverse estimates of the equilibrium exchange rate. In the case of the Czech koruna against the euro exchange rate, the discrepancy among the...
Persistent link: https://www.econbiz.de/10012122566
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Is the Chinese currency substantially misaligned to warrant further appreciation?
Qin, Duo; He, Xinhua - 2010
This study provides quarterly time-series estimates of the misalignment in the REER of the Renminbi (RMB). The …
Persistent link: https://www.econbiz.de/10003933130
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Is the Chinese currency substantially misaligned to warrant further appreciation?
Qin, Duo; He, Xinhua - 2010
This study provides quarterly time-series estimates of the misalignment in the REER of the Renminbi (RMB). The …
Persistent link: https://www.econbiz.de/10003933930
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Understanding the Behavioral Equilibrium Exchange Rate Model Via its Application to the Valuation of Chinese Renminbi
Zhang, Zhibai - 2012
In this paper, the behavioral equilibrium exchange rate (BEER) model used in a time-series setting is investigated, via … its application to the valuation of Chinese renminbi. A classical definition with its generalization is given. The … different misalignment results derived from the BEER models are proven to result from the different econometric component …
Persistent link: https://www.econbiz.de/10013102922
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Exchange rate misalignment : the case of the Chinese Renminbi
Cheung, Yin-Wong - 2012
Assessing exchange rate misalignment is not an easy task. With reference to the debate on the value of China's currency …, the renminbi (RMB), this article highlights a few challenges in properly assessing the extent of currency misalignment …
Persistent link: https://www.econbiz.de/10009533965
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China, Hong Kong, and Taiwan : a quantitative assessment of real and financial integration
Cheung, Yin-Wong; Chinn, Menzie David; Fujii, Eiji - 2003
The status of real and financial integration of China, Hong Kong, and Taiwan is investigated using monthly data on one … the parity conditions is shrinking over time. In particular, China and Hong Kong appear to have experienced significant …
Persistent link: https://www.econbiz.de/10011514149
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China, Hong Kong, and Taiwan : a quantitative assessment of real and financial integration
Cheung, Yin-Wong; Chinn, Menzie David; Fujii, Eiji - 2003
The status of real and financial integration of China, Hong Kong, and Taiwan is investigated using monthly data on one … the parity conditions is shrinking over time. In particular, China and Hong Kong appear to have experienced significant …
Persistent link: https://www.econbiz.de/10011521444
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Is the Chinese Currency Substantially Misaligned to Warrant Further Appreciation?
Qin, Duo; He, Xinhua - 2011
This study provides quarterly time-series estimates of the misalignment in the REER of the Renminbi (RMB). The …
Persistent link: https://www.econbiz.de/10014048983
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Reconsidering the price-income relationship across countries
Fujii, Eiji - 2013 - This version: February 2013
This study reconsiders the well-known cross-country positive association between prices and income by focusing on heterogeneity between the inter-developed-country and inter-developing-country relationships. Empirical results reveal not only that developed and developing countries differ in...
Persistent link: https://www.econbiz.de/10009707555
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Exchange rate risk, distribution asymmetry and deviations from purchasing power parity
Arghyrou, Michael Georgiou; Lu, Wenna; Pourpourides, … - 2020
Firstly, we show that domestic prices of net importer countries incorporate a risk premium, driven by higher moments of future nominal exchange rate returns and secondly, using US dollar exchange rates against three currencies of major net exporting countries to the US such as Canada, Japan and...
Persistent link: https://www.econbiz.de/10012230006