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Exchange Rate Volatility and Currency Union : Some Theory and New Zealand Evidence
Scrimgeour, Dean - 2002
exchange rate series for the scenarios of currency union with Australia or with the United States from 1985 to 2001. We cannot … the United States or Australia. By contrast, cyclical variability in the New Zealand exchange rate has been greater over … the last sixteen years than it would have been in a currency union with either Australia or the United States …
Persistent link: https://www.econbiz.de/10014112455
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Monetary Policy's Rising FX Impact in the Era of Ultra-Low Rates
Ferrari, Massimo - 2017
We show that the FX impact of monetary policy has been growing significantly. We use a high-frequency event study of the joint response of fixed income instruments and exchange rates to monetary policy news from seven major central banks spanning 2004-2015. News affecting short maturity bonds...
Persistent link: https://www.econbiz.de/10012962972
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Monetary Policy's Rising FX Impact in the Era of Ultra-Low Rates
Ferrari, Massimo - 2017
We show that the FX impact of monetary policy has been growing significantly. We use a high-frequency event study of the joint response of fixed income instruments and exchange rates to monetary policy news from seven major central banks spanning 2004-2015. News affecting short maturity bonds...
Persistent link: https://www.econbiz.de/10012958823
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The Impact of Exchange Rate Volatility on Korea-Japan Trade Flows : An Industry Level Analysis
Uprasen, Utai - 2017
-à-vis Japan. The study is conducted by employing disaggregated trade data (3-digit level of SITC product) to avoid the aggregation … between Korea and Japan in both short run and long run. Nevertheless, the majority of industries are unaffected in the long …
Persistent link: https://www.econbiz.de/10012952368
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Ppp-Based Analysis of New Zealand'S Equilibrium Exchange Rate
Hargreaves, David; Brook, Anne-Marie - 2003
We use two alternative methodologies to estimate an equilibrium value for the USD/NZD bilateral exchange rate. A cross-country comparison of prices for individual goods, augmented with a Balassa-Samuelson variable suggests that the New Zealand dollar was close to fairly valued in 1999, but...
Persistent link: https://www.econbiz.de/10014113052
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Pricing-to-market, trade policy, and market power
Asprilla, Alan; Berman, Nicolas; Cadot, Olivier; Jaud, … - 2015 - First version: July 2014, This version: March 23, 2015
This paper studies the determinants of pricing-to-market at the firm-level, with a particular focus on the role of firm-specific and policy-induced market power. We use a large dataset containing export values and quantities by product and destination for all exporting firms in 12 developing and...
Persistent link: https://www.econbiz.de/10010499520
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Monetary policy shocks and macroeconomic variables : evidence from fast growing emerging economies
Ivrendi, Mehmet; Yildirim, Zekeriya - 2013
This paper investigates both the effects of domestic monetary policy and external shocks on fundamental macroeconomic variables in six fast growing emerging economies: Brazil, Russia, India, China, South Africa and Turkey - denoted hereafter as BRICS_T. The authors adopt a structural VAR model...
Persistent link: https://www.econbiz.de/10010221723
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The impact of exchange rate volatility on trade : evidence for the Czech Republic
Babeckaja-Kucharcǔk, Oksana A. - 2014
This paper aims to quantify the impact of nominal exchange rate volatility on nominal trade flows with a particular focus on the Czech Republic. The paper shows that the magnitude of the impact differs when a dynamic model is used instead of static model.
Persistent link: https://www.econbiz.de/10010235255
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Country and Time Variation in Exchange Rate Pass-Through : What Drives It?
Brun-Aguerre, Raphael - 2012
A large sample of developed and emerging economies is utilized to investigate import pass-through. Panel models reveal that various economic aspects of the destination country can explain about one third of the total variation in pass-through elasticities and the remaining variation comes...
Persistent link: https://www.econbiz.de/10013114242
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The Effect of Real Exchange Rate Volatility on Exports in the Baltic Region
Moslares, Carlos - 2018
In this paper we analyze the effects of the real exchange rate volatility on exports in the Baltic region. The study focuses on three countries in the Baltic region, namely, Estonia, Latvia, and Lithuania, and uses quarterly exports of these countries to their major trading partners over the...
Persistent link: https://www.econbiz.de/10012926296