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Surfing the waves of globalization: Asia and financial globalization in the context of the trilemma
Aizenman, Joshua; Chinn, Menzie D.; Ito, Hiro - 2011
Using the trilemma indexes developed by Aizenman et al. (2010) that measure the extent of achievement in each of the … three policy goals in the trilemma - monetary independence, exchange rate stability, and financial openness - we examine how … inflation rate. We find that trilemma policy configurations affect output volatility through the investment or trade channel …
Persistent link: https://www.econbiz.de/10010331079
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Short-Run Lats Rate Movements : Impact of Foreign Currency Shocks Via Trade and Financial Markets
Kazaks, Martin; Qin, Duo - 2003
This paper investigates the short-run dynamic impact of foreign currency shocks on the deviations of Latvian lats vis-a-vis US dollar market spot rate from the parity set via lats' peg to SDR for the period from 1994 to 2000. The analysis is based on the standard theoretical model of dynamic...
Persistent link: https://www.econbiz.de/10014114276
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Does the reserve options mechanism really decrease exchange rate volatility? : the synthetic control method approach
Aytuğ, Hüseyin - In: International review of economics & finance : IREF 51 (2017), pp. 405-416
Persistent link: https://www.econbiz.de/10011754540
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Monetary policy spillovers under intermediate exchange rate regimes
Ahmed, Rashad - In: Journal of international money and finance 112 (2021), pp. 1-36
Persistent link: https://www.econbiz.de/10012797669
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A first look at the trilemma vis-à-vis quadrilemma monetary policy stance in a Pacific Island country context
Su, Jen-je; Cocker, Lavenia; Delana, Disusu; Sharma, … - In: Review of Pacific Basin financial markets and policies 21 (2018) 1, pp. 1-22
Persistent link: https://www.econbiz.de/10011809706
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Exchange rate misalignments : historical experience of Japan, Germany, Singapore and Taiwan compared to China today
Qin, Duo; He, Xinhua; Liu, Yimeng - 2010
This is a comparative study on the historical experience of real effective exchange rate (REER) misalignment of Japanese yen, Deutsche mark, Singapore dollar and Taiwan dollar, with regard to the recent dispute over the Renminbi (RMB) valuation. Panel-based misalignment estimates of the four...
Persistent link: https://www.econbiz.de/10003990427
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Exchange Rate Misalignments : A Comparison of China Today Against Recent Historical Experiences of Japan, Germany, Singapore and Taiwan
He, Xinhua - 2011
The familiar claim of Chinese currency manipulation is generally asserted without reference to empirical evidence. To investigate the legitimacy of the claim, we ask if the undervalued misalignment found in the real effective exchange rate (REER) of the Chinese renminbi (RMB) over the past...
Persistent link: https://www.econbiz.de/10013121272
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Determinants of international reserves among Organisation of Petroleum Exporting Countries (OPEC)
Bada, Oladejo Tokunbo; Adetiloye, Kehinde Adekunle; … - In: Comparative economic research : Central and Eastern Europe 25 (2022) 3, pp. 111-133
Member countries of the Organisation of Petroleum Exporting Countries (OPEC) are always in the news regarding the prices and supply of crude oil to the international market. One of the economic reasons for this is liquidity and the desire to accumulate international reserves by the respective...
Persistent link: https://www.econbiz.de/10013407466
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Do China and oil exporters influence major currency configurations?
Fratzscher, Marcel; Mehl, Arnaud - 2008
This paper analyses the impact of the shift away from a US dollar focus of systemically important emerging market economies (EMEs) on configurations between the US dollar, the euro and the yen. Given the difficulty that fixed or managed US dollar exchange rate regimes remain pervasive and...
Persistent link: https://www.econbiz.de/10003825947
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Does foreign exchange reserve decumulation lead to currency appreciation?
Dominguez, Kathryn M.; Fatum, Rasmus; Vacek, Pavel - 2010
Many developing countries have increased their foreign reserve stocks dramatically in recent years, often motivated by the desire for precautionary self-insurance. One of the negative consequences of large accumulations for these countries is the risk of valuation losses. In this paper we...
Persistent link: https://www.econbiz.de/10003968726