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Is it desirable for Asian economies to hold more Asian assets in their foreign exchange reserves? : the People's Republic of China's answer
Zhang, Bin - 2011
People's Republic of China's (PRC) imports of goods and services, namely the real return on those assets from the PRC …
Persistent link: https://www.econbiz.de/10009267685
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A tale of two surplus countries : China and Germany
Cheung, Yin-Wong; Steinkamp, Sven; Westermann, Frank - 2019
We analyze current account imbalances through the lens of the two largest surplus countries; China and Germany. We … observe two striking patterns visible since the 2007/8 Global Financial Crisis. First, while China has been gradually reducing … these two countries, there is a remarkable reversal in the patterns of exchange rate misalignment: China's currency has …
Persistent link: https://www.econbiz.de/10012008403
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A tale of two surplus countries : China and Germany
Cheung, Yin-Wong; Steinkamp, Sven; Westermann, Frank - 2019
We analyze current account imbalances through the lens of the two largest surplus countries; China and Germany. We … observe two striking patterns visible since the 2007/8 Global Financial Crisis. First, while China has been gradually reducing … these two countries, there is a remarkable reversal in the patterns of exchange rate misalignment: China’s currency has …
Persistent link: https://www.econbiz.de/10012024585
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When countries do not do what they say : systematic discrepancies between exchange rate regime announcements and de facto policies
Bersch, Julia; Klüh, Ulrich - 2007
We study the apparent disconnect between what countries announce to be their exchange rate regime and what they de facto implement. Even though discrepancies between announcements and de facto polices are frequent, there is a lack of understanding of actual patterns and underlying reasons. We...
Persistent link: https://www.econbiz.de/10003951455
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Carry-Trades on the Yen and the Swiss Franc : Are They Different?
Mollick, Andre V. - 2013
Using monthly data from 1986 to 2009 for 11 major currencies against the U.S. dollar (USD), we find that interest rate differentials between nine of these currencies are generally positive (sample mean of 0.86%) but are strongly negative for Japan (mean of -2.78%) and for Switzerland (mean of...
Persistent link: https://www.econbiz.de/10013087769
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Comparison between Asian, Russian and Turkish Financial Crises
Lukkarila, Johanna - 2003
Since the start of the 1990s, several countries have abandoned fixed-but-adjustable exchange rate regimes. The tendency towards floating exchange rate regimes, or alternatively monetary unions, has given rise to a debate on the disappearance of pure currency crises, and the literature has...
Persistent link: https://www.econbiz.de/10014075704
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When countries do not do what they say: Systematic discrepancies between exchange rate regime announcements and de facto policies
Bersch, Julia; Klüh, Ulrich H. - 2007
We study the apparent disconnect between what countries announce to be their exchange rate regime and what they de facto implement. Even though discrepancies between announcements and de facto polices are frequent, there is a lack of understanding of actual patterns and underlying reasons. We...
Persistent link: https://www.econbiz.de/10010427488
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Price indexes, inequality, and the measurement of world poverty
Deaton, Angus - In: The American economic review 100 (2010) 1, pp. 5-34
Persistent link: https://www.econbiz.de/10008729222
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Equilibrium real effective exchange rates and real exchange rate misalignments : time series vs. panel estimates
Hossfeld, Oliver - 2010
We follow the behavioral equilibrium exchange rate approach by Clark and MacDonald (1998) to derive equilibrium real effective exchange rates and currency misalignments for the US and its 16 major trading partners. We apply cointegration and panel cointegration techniques to derive fully...
Persistent link: https://www.econbiz.de/10011374380
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The Role of Foreign Exchange Rates in Sub-Saharan Countries : Empirical Comparison with Non-Euro OECD Countries Using Panel Data
Sanidas, Elias - 2017
The effect of devaluations on economies is one of the most controversial macroeconomic policies in Sub-Saharan Africa (SSA), both theoretically and empirically. This study uses panel data from 1995-2013 for 17 SSA countries and 17 non-Euro OECD economies. The main conclusion is that exchange...
Persistent link: https://www.econbiz.de/10012955289