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Unexpected Currency Volatility and Global Technological Innovation Activities

Hsu, Po-Hsuan - 2020

We investigate the real effects of foreign exchange (FX) uncertainty on an important economic growth engine-technological innovation. In a sample consisting of 55 countries, we measure FX uncertainty using the unexpected FX volatility and then show that heightened FX uncertainty is associated...

Persistent link: https://www.econbiz.de/10012838507

Global Trade and the Dollar

Gopinath, Gita - 2018

.S. dollar is a key predictor of rest-of-world aggregate trade volume and consumer/producer price inflation. A 1 percent U ….S. dollar appreciation against all other currencies in the world predicts a 0.6-0.8 percent decline within a year in the volume … of total trade between countries in the rest of the world, controlling for the global business cycle. 4) Using a novel …

Persistent link: https://www.econbiz.de/10012928628

Price-based measurement of financial globalization : a cross-country study of interest rate parity

Itō, Hiro; Chinn, Menzie David - 2007

We characterize the relationship between ex post exchange rate depreciation and the interest differential for a set of countries that spans both developed and emerging market economies. Measured ex post uncovered interest differentials are then related to measures of trade and financial...

Persistent link: https://www.econbiz.de/10003855141

Financial Globalization and Exchange Rates

Lane, Philip R.; Milesi-Ferretti, Gian Maria - 2005

in a world economy that was characterized by widespread restrictions on international capital mobility. In contrast, the …

Persistent link: https://www.econbiz.de/10014064411

Are exchange rates less important for trade in a more globalized world? : evidence for the new EU members

Fisera, Boris; Horváth, Roman - 2020

We evaluate the effect of exchange rate misalignments on the balance of trade and the role that global value chain participation plays in this effect for 11 new European Union member states. Using heterogeneous panel cointegration methods, we first estimate the real equilibrium exchange rate and...

Persistent link: https://www.econbiz.de/10012242810

Global Risk and the Dollar

Georgiadis, Georgios; Müller, Gernot J.; Schumann, Ben - 2021

How does global risk impact the world economy? In taking up this question, we focus on the dollar’s role in the …

Persistent link: https://www.econbiz.de/10013310676

Introduction: a new approach to globalization

Modelski, George; Devezas, Tessaleno; Thompson, William R. - In: Globalization as evolutionary process : modeling global …, (pp. 1-8). 2008

Persistent link: https://www.econbiz.de/10003826402

Globalization as evolutionary process : modeling global change

Modelski, George (ed.) - 2008

The term globalisation has gained widespread popularity; yet most treatments are either descriptive and/or focused on changes in economic interconnectivity. This book brings together leading international experts from a range of disciplines to develop a long-term analysis to address the problems...

Persistent link: https://www.econbiz.de/10003566262

The impossible trinity ; from the policy trilemma to the policy quadrilemma

Aizenman, Joshua - 2011

The policy Trilemma (the ability to accomplish only two policy objectives out of financial integration, exchange rate stability and monetary autonomy) remains a valid macroeconomic framework. The financial globalization during 1990s-2000s reduced the weighted average of exchange rate stability...

Persistent link: https://www.econbiz.de/10008908358

Postponing Global Adjustment : An Analysis of the Pending Adjustment of Global Imbalances

Truman, Edwin M. - 2005

United States, which explains why US policymakers want to postpone adjustment. The rest of the world relies on the economic … process. Complementary policies are required in the rest of the world. The paper discusses the pattern of recent international …

Persistent link: https://www.econbiz.de/10014063503