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The effect of real exchange rate volatility on income distribution in South Africa

Aye, Goodness C.; Harris, Laurence - 2019

This study investigates the effect of real exchange rate volatility on the distribution of income between labour and … exchange rate volatility is negative. Moreover, high exchange rate volatility impacts negatively on labour's income share …, while low exchange rate volatility impacts positively on labour income. As the magnitude of the effect of high exchange rate …

Persistent link: https://www.econbiz.de/10011997494

The determinants of official and free-market exchange rates in Albania during transition

Muço, Marta; Papapanagos, Harry; Sanfey, Peter - 1998

This paper uses high-frequency data to examine the relation between official and free-market exchange rates in Albania. We use daily data to test econometrically, first, whether the official and free markets are efficient, in the sense that one cannot use exchange rate movements denominated in...

Persistent link: https://www.econbiz.de/10011529570

Cash Dollars Abroad

Hellerstein, Rebecca - 2011

This paper examines the use of U.S. cash dollars as a secondary currency in informal transactions worldwide. While there is considerable interest in and a large theoretical literature on the use of secondary currencies, few empirical results have been established. The primary reason is that the...

Persistent link: https://www.econbiz.de/10013134235

Bitcoin Reveals Exchange Rate Manipulation and Detects Capital Controls

Pieters, Gina C. - 2017

Many countries manipulate the value of their currency or use some form of capital control, yet the data usually used to detect these manipulations are low frequency, expensive, lagged, and potentially mis-measured. I demonstrate that the price data of the internationally traded cryptocurrency...

Persistent link: https://www.econbiz.de/10012970305

Does Bitcoin Reveal New Information About Exchange Rates and Financial Integration?

Pieters, Gina C. - 2017

I show that the prices of the internationally traded crypto-currency bitcoin can be used to estimate a currency's unofficial exchange rate and capital controls at a daily interval. Two important bitcoin features are documented: (1) Bitcoin-based exchange rates approximate the behavior, but not...

Persistent link: https://www.econbiz.de/10012965854