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Capital controls and exchange rate regimes : an empirical investigation
Berger, Helge; Sturm, Jan-Egbert; Haan, Jakob de - 2001
It is often argued that deregulation of international transactions and its effects on the globalization of financial markets is behind the decline in the attractiveness of fixed exchange rate regimes. We argue that, instead, much of the recently observed decrease in the level of capital controls...
Persistent link: https://www.econbiz.de/10011398048
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Oil Shocks and the Zero Bound on Nominal Interest Rates
Bodenstein, Martin; Guerrieri, Luca; Gust, Christopher - 2010
Beginning in 2009, in many advanced economies, policy rates reached their zero lower bound (ZLB). Almost at the same time, oil prices started rising again. We analyze how the ZLB affects the propagation of oil shocks. As these shocks move inflation and output in opposite directions, their...
Persistent link: https://www.econbiz.de/10014189147
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Domestic and multilateral effects of capital controls in emerging markets
Pasricha, Gurnain Kaur; Falagiarda, Matteo; … - 2015
capital inflow management. Tightening of capital inflow restrictions in Brazil, Russia, India, China and South Africa (the …
Persistent link: https://www.econbiz.de/10011372773
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Germany versus the United States : monetary Dominance in the Eurozone
Quah, Chee Heong - In: Economies : open access journal 4 (2016) 2, pp. 1-16
This study inspects if there is greater convergence with Germany amongst the Eurozone founding members and if their relations with the hegemonic economy have been more symmetrical after "euroization". The dimensions explored are those inspired by the optimum currency areas (OCA) framework. To...
Persistent link: https://www.econbiz.de/10011499412
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Domestic and Multilateral Effects of Capital Controls in Emerging Markets
Pasricha, Gurnain Kaur - 2015
. Using panel near-VARs, we find significant spillovers of capital control actions in BRICS (Brazil, Russia, India, China and …
Persistent link: https://www.econbiz.de/10013016947
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Exports and the exchange rate : a general equilibrium perspective
Alexander, Patrick; Reza, Abeer - 2022 - Last updated: April 4, 2022
Understanding and predicting the evolution of exports after a change in the nominal exchange rate is of central importance in international economics. Most of the literature focuses on estimating this relationship by reduced form, with the aim of uncovering a single structural parameter, but...
Persistent link: https://www.econbiz.de/10013172465
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Unconventional monetary policy under appreciation pressure : the role of financial frictions
Aregger, Nicole; Leutert, Jessica - 2017 - This draft: September 2017
We build a two-country model with imperfect financial intermediation. Banks face limits to arbitrage which lead to positive excess returns in the investment markets and a risk premium in the international credit market. Gross capital flows affect the exchange rate since banks are balance sheet...
Persistent link: https://www.econbiz.de/10011742713
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Impact of Exchange Rates on Consumer Prices in India : Comparing Different Trade Liberalization and Monetary Policy Regimes
Sohrabji, Niloufer - 2011
This paper examines the relation between exchange rates and prices in India over three periods, 1975-1986, 1992-1998 and 1999-2010. These periods which are marked with changing trading and monetary policy regimes provide an interesting case study to analyze the importance of openness and...
Persistent link: https://www.econbiz.de/10014185400
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Hoarding of International Reserves in China : Mercantilism, Domestic Consumption and US Monetary Policy
Bonatti, Luigi - 2011
We develop a two-country two-period model able to reproduce the key qualitative aspects of the US-China co … sufficiently loose, thus reducing the real value of the US liabilities held by China, this latter finds less tempting to stop … China change from the maximization of GDP growth to higher households' standards of living, a rebalancing process may be …
Persistent link: https://www.econbiz.de/10013122064
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Quantitative easing by the fed and international capital flows
Khatiwada, Sameer - 2017
By employing a novel dataset on international capital flows, this paper examines the impact of Fed's quantitative easing (QE) policies on flows to emerging markets economies (EMEs) and the EU countries. Episodes of QE are examined separately, with the last episode divided between pre- and...
Persistent link: https://www.econbiz.de/10011582306