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Bubbling and crashing exchange rates
Blix Grimaldi, Marianna; De Grauwe, Paul - 2003
We develop a simple model of the foreign exchange market in which agents optimize their portfolio and use different forecasting rules. They check the profitability of these rules ex post and select the more profitable one.This model produces two kinds of equilibria, a fundamental and a bubble...
Persistent link: https://www.econbiz.de/10011509496
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International financial market integration, asset compositions and the falling exchange rate pass-through
Enders, Almira; Enders, Zeno; Hoffmann, Mathias - 2014
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,...
Persistent link: https://www.econbiz.de/10010396136
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International financial market integration, asset compositions and the falling exchange rate pass-through : conference paper
Enders, Zeno; Enders, Almira; Hoffmann, Mathias - 2014 - Preliminary
This paper provides an explanation for the observed decline of 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, the...
Persistent link: https://www.econbiz.de/10010486033
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Better more than one : portfolio currency pricing and exchange rate hedging
Sokolova, Maria V. - 2016 - This version: March 2016
This paper examines the relationship between the composition of exporters' currency pricing portfolio - number and value of product sales in different currencies at a destination - and their success in trade as measured by continuing to their exporting activity. Detailed investigation of...
Persistent link: https://www.econbiz.de/10011478552
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International financial market integration, asset compositions, and the falling exchange rate pass-through
Enders, Almira; Enders, Zeno; Hoffmann, Mathias - 2015
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/10011294137
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Fundamental and Non-Fundamental Equilibria in the Foreign Exchange Market. A Behavioural Finance Framework
De Grauwe, Paul; Dieci, Roberto; Grimaldi, Marianna - 2021
We develop a simple model of the exchange rate in which agents optimize their portfolio and use different forecasting rules. They check the profitability of these rules ex post and select the more profitable one. This model produces two kinds of equilibria, a fundamental and a bubble one. In a...
Persistent link: https://www.econbiz.de/10013318629
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Bubbles and crashes in a behavioural finance model
De Grauwe, Paul; Grimaldi, Marianna - 2004
We develop a simple model of the exchange rate in which agents optimize their portfolio and use different forecasting rules. They check the profitability of these rules ex post and select the more profitable one. This model produces two kinds of equilibria, a fundamental and a bubble one. In a...
Persistent link: https://www.econbiz.de/10011585311
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International financial market integration, asset compositions, and the falling exchange rate pass-through
Enders, Almira; Enders, Zeno; Hoffmann, Mathias - 2017
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/10011654742
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Evaluating the Portfolio Rebalancing Hypothesis in the Presence of the International Goods Market
McKinnon, Kate - 2020
A relatively recent approach to examining the currency-equity return relationship argues that the portfolio rebalancing activities of investors gives rise to an Uncovered Equity Parity condition (UEP), whereby higher relative equity returns in one country are associated with a currency...
Persistent link: https://www.econbiz.de/10012846549
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Saving and portfolio allocation before and after job loss
Basten, Christoph; Fagereng, Andreas; Telle, Kjetil - 2012
precautionary saving and a shift toward safer assets in the years leading up to unemployment, and depletion of savings during … unemployment. This suggests that at least some households can foresee and prepare for upcoming unemployment, which indicates that … private savings can to some extent serve as a substitute for publicly provided unemployment insurance. -- unemployment …
Persistent link: https://www.econbiz.de/10009504553