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Capital flows and GDP in emerging economies and the role of global spillovers
Beckmann, Joscha; Czudaj, Robert - 2017
This paper provides a global analysis of capital flow impacts on GDP for selected emerging economies. As additional control variables, we also include currency reserves and effective exchange rates in our analysis. We distinguish between gross and net capital flows and also assess the impact of...
Persistent link: https://www.econbiz.de/10011776962
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US dollar exchange rate elasticity of gold returns at different federal fund rate zones
Herley, Michael D.; Orłowski, Lucjan T.; Ritter, Mark A. - In: Economies : open access journal 12 (2024) 9, pp. 1-10
We examine the relationship between gold prices and the U.S. dollar exchange rate, arguing that their interactions are … SETAR(2,p) tests. Subsequently, we perform conditional least square estimations of log changes in gold prices as a function … consistently inverse, suggesting that gold and the U.S. dollar are risk-hedging substitutes for normal market periods. This also …
Persistent link: https://www.econbiz.de/10015073524
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Exchange rate forecasting on a napkin
Ca'Zorzi, Michele; Rubaszek, Michał - 2018
reversion and assume that relative prices are unchanged. Direct forecasting or panel data techniques are better than the random …
Persistent link: https://www.econbiz.de/10011856403
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Is there a homogeneous causality pattern between oil prices and currencies of oil importers and exporters?
Beckmann, Joscha; Czudaj, Robert - 2013
Although the link between oil prices and dollar exchange rates has been frequently analyzed, a clear distinction between prices and nominal exchange rate dynamics and a clarification of the issue of causality has not been provided. In addition, previous studies have mostly neglected...
Persistent link: https://www.econbiz.de/10009771139
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Foreign exchange predictability during the financial crisis : implications for carry trade profitability
Anatolyev, Stanislav; Gospodinov, Nikolaj; Jamali, Ibrahim - 2015
competing models. We show that the forecasting gains translate into economically and statistically significant (risk …
Persistent link: https://www.econbiz.de/10011313235
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Gold and Currencies
Baur, Dirk G. - 2017
It is well known that US dollar gold prices are negatively related to the value of the US dollar and that gold prices … and what is its cause? This paper provides new evidence on the strength of the negative gold-currency association. For … example, a one percent increase in the US dollar leads to a one percent decrease in the US dollar gold price and this …
Persistent link: https://www.econbiz.de/10012964335
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Dynamic Relationships between the Stock Exchange, Gold, and Foreign Exchange Returns in Turkey
Akar, Cüneyt - 2017
The aim of this study is to investigate the relationships between the stock exchange, gold, and foreign exchange … returns in Turkey. The monthly data of the Istanbul Stock Exchange (ISE), foreign exchange and gold prices for the period 1990 …
Persistent link: https://www.econbiz.de/10012963409
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Is gold a safe haven for the dynamic risk of foreign exchange?
Wang, Kuan Min; Thi, Thanh-binh Nguyen; Lee, Yuan-Ming - In: Future Business Journal 7 (2021), pp. 1-17
error correction model for testing the hypothesis of dynamic hedging characteristics of gold on exchange rate. As the … existing literature has never considered that the foreign exchange risk hedged by gold is dynamic, this study can fill the … research gap in this area. The empirical results show that: First, gold can partly hedge against the depreciation of the …
Persistent link: https://www.econbiz.de/10012668314
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Selective attention in exchange rate forecasting
Kapounek, Svatopluk; Kučerová, Zuzana; Kočenda, Evžen - 2021
We analyze the exchange rate forecasting performance under the assumption of selective attention. Although currency … for the presence of selective attention offer improved fitting and forecasting results. Specifically, we document a …
Persistent link: https://www.econbiz.de/10012433963
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Selective attention in exchange rate forecasting
Kapounek, Svatopluk; Kučerová, Zusana; Kočenda, Evžen - 2020
We analyze the exchange rate forecasting performance under the assumption of selective attention. Although currency … for the presence of selective attention offer improved fitting and forecasting results. Specifically, we document a …
Persistent link: https://www.econbiz.de/10012320114