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Reconsidering the price-income relationship across countries
Fujii, Eiji - 2013 - This version: February 2013
positive price-income association is attributable, at least partly, to the Balassa-Samuelson productivity differential effect …
Persistent link: https://www.econbiz.de/10009707555
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Capital flows and GDP in emerging economies and the role of global spillovers
Beckmann, Joscha; Czudaj, Robert - 2017
This paper provides a global analysis of capital flow impacts on GDP for selected emerging economies. As additional control variables, we also include currency reserves and effective exchange rates in our analysis. We distinguish between gross and net capital flows and also assess the impact of...
Persistent link: https://www.econbiz.de/10011776962
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Capital account liberalization and exchange rate flexibility : scenarios for the Moroccan case
Ezzahid, Elhadj; Maouhoub, Brahim - 2014
This paper explores the links between gradual capital account liberalization and the exchange rate regime in Morocco where the process of economic and financial openness is relatively advanced. Using a game theory model with two economic agents, that are monetary authorities and domestic firms,...
Persistent link: https://www.econbiz.de/10010344070
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Capital Flows at Risk : Taming the Ebbs and Flows
Gelos, Gaston - 2020
The volatility of capital flows to emerging markets continues to pose challenges to policymakers. In this paper, we propose a new framework to answer critical policy questions: What policies and policy frameworks are most effective in dampening sharp capital flow movements in response to global...
Persistent link: https://www.econbiz.de/10012843314
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Capital account liberalization in Morocco : is it compatible with fixed or flexible exchange rate regime?
Ezzahid, Elhadj; Maouhoub, Brahim - In: Journal of central banking theory and practice 9 (2020) 1, pp. 185-218
This paper examines the opportunity of exchange rate regime flexibilization in Morocco under the policy of capital account liberalization. Basing on our findings in Ezzahid and Maouhoub (2014), we develop a new theoretical game model with four economic agents, namely: monetary authorities,...
Persistent link: https://www.econbiz.de/10012167233
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International portfolio flows and exchange rate volatility for emerging markets
Caporale, Guglielmo Maria; Ali, Faek Menla; Spagnolo, Fabio - 2015
This paper investigates the effects of equity and bond portfolio inflows on exchange rate volatility, using monthly bilateral data for the US vis-a-vis eight Asian developing and emerging countries (India, Indonesia, South Korea, Pakistan, Hong Kong, Thailand, the Philippines, and Taiwan) over...
Persistent link: https://www.econbiz.de/10011382694
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International portfolio flows and exchange rate volatility for emerging markets
Caporale, Guglielmo Maria; Ali, Faek Menla; Spagnolo, Fabio - 2015
This paper investigates the effects of equity and bond portfolio in.ows on exchange rate volatility, using monthly bilateral data for the US vis-a-vis eight Asian developing and emerging countries (India, Indonesia, South Korea, Pakistan, Hong Kong, Thailand, the Philippines, and Taiwan) over...
Persistent link: https://www.econbiz.de/10011387464
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The real exchange rate in the long run : Balassa-Samuelson effects reconsidered
Bordo, Michael D.; Choudhri, Ehsan U.; Fazio, Giorgio; … - 2014
Historical data for over hundred years and 14 countries is used to estimate the long-run effect of productivity on the … real exchange rate. We find large variations in the productivity effect across four distinct monetary regimes in the sample … argue that changes in trade costs over time may affect the impact of productivity on the real exchange rate over time. We …
Persistent link: https://www.econbiz.de/10010374513
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The Real Exchange Rate in the Long Run : Balassa-Samuelson Effects Reconsidered
Bordo, Michael D. - 2014
Historical data for over hundred years and 14 countries is used to estimate the long-run effect of productivity on the … real exchange rate. We find large variations in the productivity effect across four distinct monetary regimes in the sample … argue that changes in trade costs over time may affect the impact of productivity on the real exchange rate over time. We …
Persistent link: https://www.econbiz.de/10013050476
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Financial Openness and Capital Inflows to Emerging Markets : In Search of Robust Evidence
Cerdeiro, Diego - 2019
We reassess the connection between capital account openness and capital flows in an empirical framework that is grounded in theory and makes use of previously unexplored variation in the data. We demonstrate how our theory-consistent regressions may overcome some ubiquitous measurement problems...
Persistent link: https://www.econbiz.de/10012858394