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Influence of real exchange rate on the finance-growth nexus in the West African region
Ehigiamusoe, Kizito Uyi; Hooi Hooi Lean - In: Economies : open access journal 7 (2019) 1/23, pp. 1-21
This study examines the moderating effects of the real exchange rate and its volatility on the finance-growth nexus in … the West African region. It also determines the marginal effects of financial development on economic growth at various … impact on economic growth, but this impact is weakened by real exchange rate and its volatility. The marginal effects of …
Persistent link: https://www.econbiz.de/10012020497
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The impact of monetary and commodity fundamentals, macro news and central bank communication on the exchange rate: evidence from South Africa
Égert, Balázs - 2009
This paper studies drivers of high-frequency (daily) dynamics of the South African rand vis-à-vis the dollar from January 2001 to July 2007. We find strong nonlinear effects of commodity prices, perceived country and emerging market risk premium and changes in the dollar-euro exchange rate on...
Persistent link: https://www.econbiz.de/10010273784
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Nonlinear relationship between exchange rate volatility and economic growth
Phiri, Andrew - 2018
economic growth in South Africa. By using data collected from 1970 to 2016 applied to a smooth transition regression (STR …) model, we are able to prove that the exchange rate-economic growth correlation is indeed nonlinear within the sampled time … volatility positively and significantly influences economic growth when growth in government spending is below 6 percent. Above …
Persistent link: https://www.econbiz.de/10011870188
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Asymmetric and nonlinear comovements of credit default swap and bond markets : evidence from an emerging market
Bank, Semra; Abdioğlu, Zehra; Kahraman, Elif - In: Spanish journal of finance & accounting : the official … 53 (2024) 2, pp. 232-253
Persistent link: https://www.econbiz.de/10014564193
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International investment positions and exchange rate dynamics: a dynamic panel analysis
Binder, Michael; Offermanns, Christian J. - 2007
In this paper we revisit medium- to long-run exchange rate determination, focusing on the role of international investment positions. To do so, we develop a new econometric framework accounting for conditional long-run homogeneity in heterogeneous dynamic panel data models. In particular, in our...
Persistent link: https://www.econbiz.de/10010295860
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International investment positions and exchange rate dynamics: A dynamic panel analysis
Binder, Michael; Offermanns, Christian J. - 2007
In this paper we revisit medium- to long-run exchange rate determination, focusing on the role of international investment positions. To do so, we develop a new econometric framework accounting for conditional long-run homogeneity in heterogeneous dynamic panel data models. In particular, in our...
Persistent link: https://www.econbiz.de/10010298372
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International investment positions and exchange rate dynamics: a dynamic panel analysis
Binder, Michael; Offermanns, Christian J. - 2007
In this paper we revisit medium- to long-run exchange rate determination, focusing on the role of international investment positions. To do so, we develop a new econometric framework accounting for conditional long-run homogeneity in heterogeneous dynamic panel data models. In particular, in our...
Persistent link: https://www.econbiz.de/10010264207
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Volatility of exchange rates in selected new EU members: evidence from daily data
Fidrmuc, Jarko; Horváth, Roman - 2007
We examine the daily exchange rate dynamics in selected new EU member states (Czech Republic, Hungary, Poland, Romania, and Slovakia) using GARCH and TARCH models between 1999 and 2006. Despite these countries adopted inflation targeting regime, they occasionally tried to manage their exchange...
Persistent link: https://www.econbiz.de/10010264218
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International investment positions and exchange rate dynamics
Binder, Michael; Offermanns, Christian J. - 2014
We revisit medium- to long-run exchange rate determination, focusing on the role of international investment positions. To do so, we make use of a new econometric framework accounting for conditional long-run homogeneity in heterogeneous dynamic panel data models. In particular, in our model the...
Persistent link: https://www.econbiz.de/10010414236
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Deviations of Exchange Rates from Purchasing Power Parity : A Story Featuring Two Monetary Unions
Bayoumi, Tamim - 2006
We examine the mean-reverting properties of real exchange rates, by comparing the unit root properties of a group of international real exchange rates with two groups of intra-national real exchange rates. Strikingly, we find that while the international real rates taken as a group appear...
Persistent link: https://www.econbiz.de/10012782287