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International Financial Market Integration, Asset Compositions, and the Falling Exchange Rate Pass-Through
Buzaushina, Almira - 2016
This paper provides an explanation for the observed decline of the exchange rate pass-through into import prices by modeling the effects of financial market integration on the optimal choice of the pricing currency in the context of rigid nominal goods prices. Contrary to previous literature, we...
Persistent link: https://www.econbiz.de/10012988688
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International Financial Market Integration, Asset Compositions, and the Falling Exchange Rate Pass-Through
Enders, Almira - 2018
This paper provides an explanation for the observed decline of the exchange rate pass-through into import prices by modeling the effects of financial market integration on the optimal choice of the pricing currency in the context of rigid nominal goods prices. Contrary to previous literature, we...
Persistent link: https://www.econbiz.de/10012933708
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The valuation effects of trade
Barbiero, Omar - 2021 - This version: September 2021
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...
Persistent link: https://www.econbiz.de/10012705025
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The Broad Dollar Exchange Rate as an EME Risk Factor
Hofmann, Boris; Park, Taejin - 2022
US dollar appreciation is associated with a darkening of the economic outlook for emerging market economies (EMEs). Using data from 21 EMEs, we find that a 1 percentage point (ppt) appreciation shock to the dollar against a broad basket of currencies dampens the growth outlook by over 0.3 ppt...
Persistent link: https://www.econbiz.de/10013295213
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Bank Loans, Trade Credit and Export Prices : Evidence from Exchange Rate Shocks in China
Cui, Jingyuan (George); Guo, Xiaosheng; Juarez, Leticia - 2023
inflation through supply chains …
Persistent link: https://www.econbiz.de/10014351016
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Japan's Imbalance of Payments
Müller-Plantenberg, Nikolas A. - 2021
During the past three decades, Japan's current account experienced five large swings. The yen appreciated considerably … in periods when the current account boomed, and it depreciated whenever Japan's external performance weakened. However … regularities. It argues that as a result of the large movements of the current account, the flows of cash between Japan and ist …
Persistent link: https://www.econbiz.de/10013319615
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Money Demand Instability and Real Exchange Rate Persistence in the Monetary Model of USD-JPY Exchange Rate
Hunter, John; Menla Ali, Faek - 2014
This paper proposes a hybrid monetary model of the dollar-yen exchange rate that takes into account factors affecting the conventional monetary model’s building blocks. In particular, the hybrid monetary model is based on the incorporation of real stock prices to enhance money demand stability...
Persistent link: https://www.econbiz.de/10014039290
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Co-Integration Among Asian Currencies : Evidence of the Increasing Influence of the Japanese Yen
Aggarwal, Raj; Mougoue, Mbodja - 1998
This is a study of the co-integration between the Japanese yen and two sets of Asian currencies, i.e., currencies of the "Tigers"--Hong Kong, South Korea, Singapore, and Taiwan--and currencies of the ASEAN nations--Malaysia, Philippines, Thailand, and Singapore. Accounting for deviations from...
Persistent link: https://www.econbiz.de/10014081485
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Cross-border price differentials and goods market integration in East Asia
Mun, U-sik - 2013
As cross-border movements of goods, capital, and labor are intensifying, it is likely that goods markets in East Asia will become increasingly integrated. This study investigates the current state of goods market integration in East Asia by measuring the extent of cross-border price...
Persistent link: https://www.econbiz.de/10009758531
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Cross-Border Price Differentials and Goods Market Integration in East Asia
Moon, Woosik - 2013
As cross-border movements of goods, capital, and labor are intensifying, it is likely that goods markets in East Asia will become increasingly integrated. This study investigates the current state of goods market integration in East Asia by measuring the extent of cross-border price...
Persistent link: https://www.econbiz.de/10013079825