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The linkage between Bitcoin and foreign exchanges in developed and emerging markets
BenSaïda, Ahmed - In: Financial innovation : FIN 9 (2023) 1, pp. 1-27
This study investigates the connectedness between Bitcoin and fiat currencies in two groups of countries: the developed G7 and the emerging BRICS. The methodology adopts the regular (R)-vine copula and compares it with two benchmark models: the multivariate t copula and the dynamic conditional...
Persistent link: https://www.econbiz.de/10014288956
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China's evolving managed float : an exploration of the roles of the fix and broad dollar movements in explaining daily exchange rate changes
Clark, John - 2017
We investigate the drivers of daily changes in the exchange value of the Chinese currency (CNY) since early 2016, when … a new regime was introduced for setting the fix - the midpoint of the CNY's daily trading range against the U.S. dollar … and very responsive to the change in the CNY/USD rate during the previous day’s onshore trading session and to changes in …
Persistent link: https://www.econbiz.de/10011754330
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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
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The international monetary (non-)order and the "global capital flows paradoxʺ
Bibow, Jörg (contributor) - 2008
This paper sets out to investigate the forces behind the so-called global capital flows paradoxʺ and related dollar glutʺ observed in the era of advancing financial globalization. The supposed paradox is that the developing world has increasingly come to pursue policies that result in current...
Persistent link: https://www.econbiz.de/10003727283
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Die Schuldenkrise des Globalen Südens : Verfahren zu ihrer Bewältigung schaffen
Liebal, Mara; Rehbein, Kristina - In: Vierteljahrshefte zur Wirtschaftsforschung 88 (2019) 4, pp. 67-76
Ausgelöst durch das Zusammentreffen niedriger Zinsen in reichen Ländern und einem hohen Finanzierungsbedarf für Infrastruktur in vielen ärmeren Ländern befindet sich die Verschuldung der Länder des Globalen Südens seit Jahren auf einem dramatisch hohen Niveau. Hohe Schuldendienstzahlungen...
Persistent link: https://www.econbiz.de/10012155264
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Emerging Market Securities Access to Global Plumbing
Choi, Gongpil; Ortega, Federico; Singh, Manmohan - 2022
What are the constraints that have stalled EMs efforts to reuse their securities in international financial centers? We discuss the economics of collateral re-use and the present institutional structure in Asian and Latin American countries. Our empirical investigation suggests pledgeability...
Persistent link: https://www.econbiz.de/10013305679
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The Dollar, the Euro and the Role of Emerging Currencies
Malliaris, A. (Tassos) G. - 2009
Since the collapse of the Bretton Woods Global International System in 1971, the world economy has experienced significant currency volatility. The major economies of the world have addressed such volatility differently. The EU has chosen to follow a monetary union and introduced successfully a...
Persistent link: https://www.econbiz.de/10012766914
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The Return of Capital Controls as Emergency Tools to Counter Financial Crises - Iceland’s Crisis and the Constraints Imposed by the EEA Agreement
Viterbo, Annamaria - 2012
Iceland is a member of the IMF and of the WTO, a party to the European Economic Area Agreement, and a signatory of the OECD Code of Liberalisation of Capital Movements. Iceland is bound by Art. VIII IMF not to impose restrictions on current payments. Furthermore, under the GATS, Iceland cannot...
Persistent link: https://www.econbiz.de/10014193716
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Foreign exchange intervention : a new database
Fratzscher, Marcel; Heidland, Tobias; Menkhoff, Lukas; … - 2020
We construct a novel database of monthly foreign exchange interventions for 49 countries over up to 22 years. We build on a text classification approach that extracts information about interventions from news articles and calibrate our procedure to data about actual interventions. Our new...
Persistent link: https://www.econbiz.de/10012313466
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Foreign exchange intervention : a new database
Fratzscher, Marcel; Heidland, Tobias; Menkhoff, Lukas; … - 2020
We construct a novel database of monthly foreign exchange interventions for 49 countries over up to 22 years. We build on a text classification approach that extracts information about interventions from news articles and calibrate our procedure to data about actual interventions. Our new...
Persistent link: https://www.econbiz.de/10012313789