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exchange rate regime type (both de jure and de facto) and real exchange rate volatility serving as explanatory variables. The … findings reveal that fixed exchange rate regime and high real exchange rate volatility is promoting the foreign currency …
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The interconnected issues of commodity price fluctuation, unemployment and balance of trade developments are of critical importance in times of globalization. The present paper addresses these issues in terms of a monetary dependent economy macro model that applies to a large class of emerging...
Persistent link: https://www.econbiz.de/10011760559
Based on 69 sample countries, this paper examines the effect of macroeconomic fundamentals on real effective exchange rates (REER) in these sample countries. Using the misalignment of actual REER from its equilibrium level, we have estimated the factors explaining the extent of currency over- or...
Persistent link: https://www.econbiz.de/10012951772
This paper constructs an early warning system for currency crises in Nigeria based on selected key macroeconomic indicators. It estimates the probabilities of currency crises as a logistic function of the included variables within the framework of a logit model. Particularly, the extent to which...
Persistent link: https://www.econbiz.de/10011473716
Commodity price booms, as those recorded in the last decade, may have a significant economic impact in small, commodity exporting, developing countries. Whether the impact on output is positive or negative is still unclear. It depends on various factors, notably on the impact that commodity...
Persistent link: https://www.econbiz.de/10013083426
volatility risk. During periods of high volatility innovations, the average carry trade returns on emerging markets are higher …
Persistent link: https://www.econbiz.de/10012898580
Exchange rate volatility has emerged as a significant chal-lenge for Asian emerging markets since the adoption of the … liberalization process. This study examines the influence of central banktransparency on exchange rate volatility using a sample of … has a stabilizing effect onexchange rate volatility, and this effect remains even after controlling for various internal …
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