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news and communication along with the estimated exchange rate misalignment on exchange rate as well as its volatility …
Persistent link: https://www.econbiz.de/10009764449
During the first quarter of 2020, the spread of the COVID-19 proved to be very detrimental to many countries' social well-being and economic conditions. Also, in early March, when the disease was already a pandemic, Saudi Arabia substantially increased its oil production, plunging oil prices. In...
Persistent link: https://www.econbiz.de/10012834931
I study the impact of US monetary policy on managed exchange rates by analyzing the pricing of American Depositary Receipts (ADRs) around FOMC meetings. The significant negative impact of US monetary surprises on abnormal ADR returns for currencies that are managed reflects changes in these...
Persistent link: https://www.econbiz.de/10012898803
With the recent economic crisis of 2008, global liquidity increased tremendously which in return, gave rise to the concerns regarding the “Currency Wars” due to consecutive monetary expansions conducted by both advanced and emerging countries. This paper, on the one hand presents the related...
Persistent link: https://www.econbiz.de/10012986079
We document that during the Global Recession, US monetary policy easings triggered the "exorbitant duty" of the United States, the issuer of the world's dominant currency, by causing a dollar appreciation and a transfer of wealth from the United States to the rest of the world. This dollar...
Persistent link: https://www.econbiz.de/10011941052
This paper examines the impact of real effective exchange rate misalignment on economic growth in Nigeria using an … exchange rate regime is characterized by a relatively lower real exchange rate misalignment over time compared with the fixed … exchange rate regime. The GMM estimate reveals that real exchange rate misalignment has negative but significant impact on …
Persistent link: https://www.econbiz.de/10011460320
Japan's "two lost decades" perhaps represent an extreme example of a weak recovery from a financial crisis, and are now referred to as "Japanization." More recently, widespread stagnation in advanced economies in the wake of the global financial crisis led to fears that Japanization might spread...
Persistent link: https://www.econbiz.de/10009771825
This report identifies a set of policy lessons for China today drawn from the experience of financial deregulation, financial crisis and recovery in Scandinavia during the period 1985-2000. Although there are considerable differences between the huge Chinese economy and the small Nordic...
Persistent link: https://www.econbiz.de/10013156608
On 12 March 2020, the sharp fell of U.S. crude oil price to 30 dollars was explained by the outspreads of coronavirus pandemic and the OPEC's inability to reach a production quota agreement. We employ the structural VAR model with time-varying coefficients and stochastic volatility (TVP-SVAR...
Persistent link: https://www.econbiz.de/10012835589
On 4 March 2011, SUERF – The European Money and Finance Forum and the National Bank of Poland jointly organised a conference on the theme of: "Monetary Policy after the Crisis". Following a call for papers with a large number of submissions, the scientific committee selected 9 papers, which...
Persistent link: https://www.econbiz.de/10011710723