Similar Search Results

Should one rely on professional exchange rate forecasts : an empirical analysis of professional forecasts for the €/US-$ rate

Bofinger, Peter; Schmidt, Robert - 2003

The study analyses the characteristics of professional exchange rate forecasts for the € /US-$ rate. The results … indicate that the quality of forecasts produced by professional economists is rather poor and incompatible with the rational … expectations hypothesis. This dismal result is according to our analysis attributed to the fact that professional forecasts are to …

Persistent link: https://www.econbiz.de/10010498977

Should one rely on professional exchange rate forecasts: An empirical analysis of professional forecasts for the €/US-$ rate

Bofinger, Peter; Schmidt, Robert - 2003

The study analyses the characteristics of professional exchange rate forecasts for the €/US-$ rate. The results … indicate that the quality of forecasts produced by profes-sional economists is rather poor and incompatible with the rational … expectations hy-pothesis. This dismal result is according to our analysis attributed to the fact that professional forecasts are to …

Persistent link: https://www.econbiz.de/10010305755

The influence of US dollar funding conditions on Asian financial markets

Lee, Junkyu; Rosenkranz, Peter; Ramayandi, Arief; Pham, … - 2021

More than 20 years after the Asian financial crisis, the region's continued high reliance on United States (US) dollar-denominated funding has significant implications for the transmission of global financial conditions to domestic financial and macroeconomic circumstances. Given limited...

Persistent link: https://www.econbiz.de/10012485240

Exchange rates and sovereign risk : a nonlinear approach based on local Gaussian correlations

Heinlein, Reinhold; Legrenzi, Gabriella; Mahadeo, Scott … - 2024

We empirically assess the interlinkages between sovereign risk, measured in terms of CDS spreads, and exchange rates for a sample of emerging markets. Our period of analysis includes periods of severe stress, such as the Global Financial Crisis, the COVID-19 pandemic and the Ukrainian War. Using...

Persistent link: https://www.econbiz.de/10014505308

Components of the Profitability of Technical Currency Trading

Schulmeister, Stephan - 2005

This paper investigates the sources of the profitability of 1024 moving average and momentum models when trading in the German mark (euro)/U.S. dollar market based on daily data. The main results are as follows. First, each of these models would have been profitable over the entire sample...

Persistent link: https://www.econbiz.de/10011435184

Central bank intervention and exchange rate expectations : evidence from the daily DM/US-Dollar exchange rate

Reitz, Stefan - 2002

supposed to provide support to either chartist or fundamentalist forecasts, which forces portfolio managers to adjust their …

Persistent link: https://www.econbiz.de/10011431685

Institutional investors, the dollar, and U.S. credit conditions

Niepmann, Friederike; Schmidt-Eisenlohr, Tim - 2019

This paper documents that an appreciation of the U.S. dollar is associated with a reduction in the supply of commercial and industrial loans by U.S. banks. An increase in the broad dollar index by 2.5 points (one standard deviation) reduces U.S. banks' corporate loan originations by 10 percent....

Persistent link: https://www.econbiz.de/10012004720

Effects of financial crises on the long memory volatility dependency of foreign exchange rates : the asian crisis vs. the global crisis

Han, Young Wook - In: Journal of East Asian economic integration 18 (2014) 1, pp. 3-27

This paper examines the effects of financial crises on the long memory volatility dependency of daily exchange returns focusing on the Asian crisis in 97-98 and the Global crisis in 08-09. By using the daily KRW-USD and JPY-USD exchange rates which have different trading regions and volumes,...

Persistent link: https://www.econbiz.de/10011568197

Is there asymmetry in forward exchange rate bias? : multi-country evidence

Zhou, Su; Kutan, Ali Mustafa - 2002

This study illustrates that the empirical rejection of the forward rate unbiasedness hypothesis is not sensitive to whether the forward U.S. dollar is quoted at a premium or a discount. It is argued that the reported finding of so-called asymmetry in forward exchange rate bias in earlier work is...

Persistent link: https://www.econbiz.de/10010515676

Zur Qualität professioneller Wechselkursprognosen : sind professionelle Wechselkursprognosen eine sinnvolle Entscheidungshilfe für Unternehmen und Investoren?/ Robert Schmidt

Schmidt, Robert - 2003

Die Berücksichtigung der zukünftigen Entwicklung des Wechselkurses ist sowohl für internationale Unternehmen als auch für international tätige Investoren unabdingbar. Allerdings ist die Erstellung von Wechsel- kursprognosen schwierig, da bis zum heutigen Zeitpunkt kein allgemein anerkanntes...

Persistent link: https://www.econbiz.de/10010498979

1
2
3
4
5
6
7
8
9
10
Next
Last