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Aid and exchange rates in sub-Saharan Africa : nomore dutch disease?
Morrissey, Oliver; Roger, Lionel; Spreng, Lars - 2019
Given the significant inflows of foreign aid to sub-Saharan Africa (SSA) the possibility of Dutch Disease has been a concern. Most macroeconomic models predict that aid inflows, especially if large and/or unanticipated (shocks), will lead to an appreciation of the real exchange rate and...
Persistent link: https://www.econbiz.de/10012008328
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Do capital inflows hinder competitiveness? The real exchange rate in Ethiopia
Martins, Pedro M. G. - 2010
This paper investigates the determinants of the real exchange rate (RER) in Ethiopia. In particular, it assesses whether large capital inflows (e.g. foreign aid and remittances) have an impact on the RER. This empirical exercise tries to improve the current literature in a number of ways: (i)...
Persistent link: https://www.econbiz.de/10010288491
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Aid, exports, and growth : a time-series perspective on the Dutch disease hypothesis
Kang, Joong Shik; Prati, Alessandro; Rebucci, Alessandro - 2010
The available evidence on the effects of aid on growth is notoriously mixed. We use a novel empirical methodology, a heterogeneous panel vector-autoregression model identified through factor analysis, to study the dynamic response of exports, imports, and per capita GDP growth to a global aid...
Persistent link: https://www.econbiz.de/10010247921
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Chinese capital flows to African economies and real bilateral exchange rates
Frenzel Baudisch, Coletta - 2019
Since the turn of the millennium, China opened up internationally both in terms of its current account (trade) and its capital account, even though the opening of the latter happened de facto, not de jure. With respect to China being Africa's largest trading partner and developing investor in...
Persistent link: https://www.econbiz.de/10011992320
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The Impact of Exchange Rate Volatility on Trade Integration Among North and South Mediterranean Countries
Sabri, Nidal Rashid - 2012
The volatility of exchange rates leads to reduction of the international trade volume, mainly in the emerging economies … South- North trading flow, which comes timely after increasing volatility between Euro and Arab national currencies during … paper investigates the impact of exchange rate volatility on trading between South- North parts, using monthly time series …
Persistent link: https://www.econbiz.de/10013108431
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The complex interplay between exchange rate and real markets : an agent-based model exploration
Delli Gatti, Domenico; Ferraresi, Tommaso; Gusella, Filippo - 2024
show that model is able to account for a rich ensemble of stylized facts (e.g., fat tails, volatility clustering …
Persistent link: https://www.econbiz.de/10015069712
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Exchange rate volatility and tax revenue : evidence from Ghana
Ofori, Isaac Kwesi; Obeng, Camara Kwasi; Armah, Mark Kojo - In: Cogent economics & finance 6 (2018) 1, pp. 1-17
exchange rate volatility. Coming from the background of volatility in Ghana's exchange rate, could it be the reason for the … rate volatility on tax revenue, the study employed the Auto Regressive Distributed Lag (ARDL) technique after the yearly … volatility has a deleterious effect on tax revenue both in the short-run and long-run but the effect is more pronounced in the …
Persistent link: https://www.econbiz.de/10012023199
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Exchange rate elasticity of exports and the role of institutions
Garayeva, Aygun; Tahirova, Gulzar - 2017
The impact of institutional quality on the exchange rate-export relation is assessed in a panel of 33 countries and quarterly time period of 1991Q1- 2016Q3. Empirical estimation is conducted in 2 steps. As a first step, using panel DOLS, FMOLS and PMG estimation techniques, it is confirmed that...
Persistent link: https://www.econbiz.de/10011715696
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Determinants of deposit and credit euroization in eastern Europe : a Bayesian model averaging evidence
Kukučková, Soňa; Vaněk, Petr; Koráb, Petr - In: Ekonomický časopis : časopis pre ekonomickú … 67 (2019) 5, pp. 550-566
Persistent link: https://www.econbiz.de/10012156280
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Real exchange rate misalignments in the euro area
Fidora, Michael; Giordano, Claire; Schmitz, Martin - In: Open economies review 32 (2021) 1, pp. 71-107
Persistent link: https://www.econbiz.de/10012488934