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Impact of US quantitative easing policy on emerging Asia
Morgan, Peter J. - 2011
The adoption of quantitative easing (QE) policy by the United States (US) Federal Reserve Bank since early 2009 has aroused widespread concerns in Asia and elsewhere regarding its possible impact in terms of the weakening of the US dollar and stimulating capital outflows to emerging economies...
Persistent link: https://www.econbiz.de/10009379704
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The dollar during the Global Recession : US monetary policy and the exorbitant duty
Stavrakeva, Vania; Tang, Jenny - 2018 - This version: October, 2018
We document that during the Global Recession, US monetary policy easings triggered the "exorbitant duty" of the United States, the issuer of the world's dominant currency, by causing a dollar appreciation and a transfer of wealth from the United States to the rest of the world. This dollar...
Persistent link: https://www.econbiz.de/10011941052
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Exchange rate volatility and choice of anchor currency : prospects for a Melanesian currency union
Lahari, Willie - 2011
: Australia, New Zealand, USA and Japan. The main findings showed that both short-term and cyclical exchange rate volatility are …
Persistent link: https://www.econbiz.de/10009409641
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Identifying the Effects of U.S. Intervention on the Levels of Exchange Rates
Neely, Christopher J. - 2007
Most intervention studies have been silent on the assumed structure of the economic system - implicitly imposing implausible assumptions - despite the fact that inference depends crucially on such issues. This paper identifies the cross-effects of intervention and the level of exchange rates...
Persistent link: https://www.econbiz.de/10014057873
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The role of the Chinese dollar peg for macroeconomic stability in China and the world economy
Schnabl, Gunther - 2010
During the 1997/98 Asian crisis and the 2007-2010 world financial and economic crisis, China has proved to be a … China. The paper explores the current role of China's nominal exchange rate stabilization as stabilizing factor for China … policy coordination between China and the US. The exit from unconventional low interest rate policies in the US combined with …
Persistent link: https://www.econbiz.de/10009012482
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Real effective exchange rate imbalances and macroeconomic adjustments : evidence from the CEMAC zone
Asongu, Simplice A. - 2014
We assess the behavior of real effective exchange rates (REERs) of members of the CEMAC zone with respect to their long-term equilibrium paths. A reduced form of the fundamental equilibrium exchange rate (FEER) model is estimated and associated misalignments are derived for the period 1980 to...
Persistent link: https://www.econbiz.de/10011409240
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REER imbalances and macroeconomic adjustments in the proposed West African Monetary Union
Asongu, Simplice A. - 2013
With the spectre of the Euro crisis hunting embryonic monetary unions, we use a dynamic model of a small open economy to analyze REERs imbalances and examine whether the movements in the aggregate real exchange rates are consistent with the underlying macroeconomic fundamentals in the proposed...
Persistent link: https://www.econbiz.de/10011409926
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Macroeconomic News and the DM/$ Exchange Rate
Protopapadakis, Aris - 2012
Empirical confirmation that the effect of macroeconomic fundamentals on exchange rates is economically important has been scarce. This paper employs a general GARCH specification with asymmetric responses to investigate the effect of 35 U.S. and German macroeconomic news announcements on the...
Persistent link: https://www.econbiz.de/10013103318
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Effective Exchange Rate and the Value-Added Taxes : Impacts of Macroeconomic Policies on the Sudanese Economy
Mohamed, Issam A.W. - 2013
Persistent link: https://www.econbiz.de/10013087348
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Real Effective Exchange Rate Imbalances and Macroeconomic Adjustments : Evidence from the CEMAC Zone
Asongu, Simplice - 2014
We assess the behavior of real effective exchange rates (REERs) of members of the CEMAC zone with respect to their long-term equilibrium paths. A reduced form of the fundamental equilibrium exchange rate (FEER) model is estimated and associated misalignments are derived for the period 1980 to...
Persistent link: https://www.econbiz.de/10013043660