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The constitutional Dollar was a silver coin. Federal and state paper moneys were unconstitutional, and gold and copper coins were not Dollars. Consequently, notable constitutional originalists claim any Dollar not constructed from silver – including the current widely circulating paper Federal...
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A Real Business Cycle model of the UK is developed to account for the behaviour of UK nonstationary macro data. The model is tested by the method of indirect inference, bootstrapping the errors to generate 95% confidence limits for a VECM representation of the data; we find the model can explain...
Persistent link: https://www.econbiz.de/10008758527
In this paper, a survey on theoretically expected and empirically proved impacts of exchange rate volatility is given …. With regard to the West German unemployment, the effects of volatility are empirically analysed using three different … volatility measures and four country groups. In autoregressive models, a significant disturbing impact of volatility can be found …
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A recent research stream develops currency adjusted stock indices. The analysis in previous papers is limited to daily closing data. This paper extends the existing body of literature by examining tick data. We examine tick data from 2002 through 2013 for eight indices. In general, results show...
Persistent link: https://www.econbiz.de/10013026894
and volatility spillovers between Nigeria Naira/US Dollar Bureau De Change (BDC) exchange rate and interbank call rate … is utilized to investigate shocks and volatility spillover of the rates. The estimated DCC-GARCH (1, 1) reveals that …, 1) model. Furthermore, the effects of news (shocks spillover) are bi-directional across the markets. However, volatility …
Persistent link: https://www.econbiz.de/10012604406
; high terrorism activity; heightened exchange rate volatility; political turmoil; the IMF program of 2019, and most recently … exchange rate volatility by estimating a Regression model using USD/Pak-Rupee returns by controlling the impact of market … Uncertainty has a major impact on Dollar to Rupee exchange rate volatility …
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