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Oil price and exchange rate nexus in Nigeria : are there asymmetries
Abubakar, Attahir B. - In: CBN journal of applied statistics 10 (2019) 1, pp. 1-28
models confirm the absence of asymmetric cointegration, hence leading to the conclusion that in the case of Nigeria, there …This paper examines the dynamics in the relationship between oil price and exchange rate in Nigeria by utilizing …
Persistent link: https://www.econbiz.de/10012178353
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The International Monetary System After the Financial Crisis
Dorrucci, Ettore - 2014
The main strength of today's international monetary system – its flexibility and adaptability to the different needs of its users – can also become its weakness, as it may contribute to unsustainable growth models and imbalances. The global financial crisis has shown that the system cannot...
Persistent link: https://www.econbiz.de/10013069527
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Currency Undervaluation and Sovereign Wealth Funds : A New Role for the World Trade Organization
Subramanian, Arvind - 2008
Two aspects of global imbalances - undervalued exchange rates and sovereign wealth funds (SWFs) - require a multilateral response. For reasons of inadequate leverage and eroding legitimacy, the International Monetary Fund (IMF) has not been effective in dealing with undervalued exchange rates....
Persistent link: https://www.econbiz.de/10012724390
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Fickle Emerging Market Flows, Stable Euros, and the Dollar Risk Factor
Adriaan Boermans, Martijn; Burger, John D. - 2021
Policymakers fear the potentially destabilizing impact of fickle global investors on emerging markets. Euro area investors are significant participants in emerging bond markets and exhibit volatile flows, but their fickleness does not result in indiscriminate periods of surge and flight....
Persistent link: https://www.econbiz.de/10013240814
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Currency Undervaluation and Sovereign Wealth Funds : A New Role for the World Trade Organization
Mattoo, Aaditya; Subramanian, Arvind - 2008
Two aspects of global imbalances - undervalued exchange rates and sovereign wealth funds (SWFs - require a multilateral response. For reasons of inadequate leverage and eroding legitimacy, the International Monetary Fund (IMF) has not been effective in dealing with undervalued exchange rates. We...
Persistent link: https://www.econbiz.de/10014220787
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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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Effective exchange rates, current accounts and global imbalances
Beckmann, Joscha; Czudaj, Robert - 2016
geldpolitische Schocks in die Analyse mit einzubeziehen. Abschließend werden Wechselkurs- und Leistungsbilanzdynamiken in Form von …
Persistent link: https://www.econbiz.de/10011440876
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Effective exchange rates, current accounts and global imbalances : conference paper
Beckmann, Joscha; Czudaj, Robert - 2014
This study analyzes the dynamics between real effective exchange rates and current account patterns from a novel perspective. We start by dissecting long-run and time-varying short-run dynamics between both variables. Following this, we extend our framework by including interest rates into our...
Persistent link: https://www.econbiz.de/10010483886
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Are exchange rates less important for trade in a more globalized world? : evidence for the new EU members
Fisera, Boris; Horváth, Roman - 2020
participation plays in this effect for 11 new European Union member states. Using heterogeneous panel cointegration methods, we …
Persistent link: https://www.econbiz.de/10012242810
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Determinants of foreign reserves in Nigeria : an autoregressive distributed lag approach
Irefin, David; Yaaba, Baba N. - In: CBN journal of applied statistics 2 (2011) 2, pp. 63-82
from Asia. Oil exporting countries in Africa and the Middle East are not left out in this trend. Nigeria's foreign reserves … rose from US$5.5 billion in 1999 to US$62.40 billion in July 2008, making Nigeria the twenty-fourth largest reserves holder … econometrics "Buffer Stock Model" of Frenkel and Jovanovic (1981) to estimate the determinants of foreign reserves in Nigeria with …
Persistent link: https://www.econbiz.de/10011477284