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Persistent Imbalances : The Impact of Exchange Rate Appreciation on China's Trade Balances

Dimpfl, Thomas - 2019

revaluation of the Chinese currency, the Renminbi (RMB). While the main arguments exchanged in the current discourse appear to …China's trade surplus is often heavily criticized in political and economic debates, accompanied by claims for a … investigating bilateral trade balances between China and 11 of her main trading partners. Being the first to use structural …

Persistent link: https://www.econbiz.de/10012899706

On the nonlinear influence of Reserve Bank of Australia interventions on exchange rates

Reitz, Stefan; Ruelke, Jan-Christoph; Taylor, Mark P. - 2010

This paper applies nonlinear econometric models to empirically investigate the effectiveness of the Reserve Bank of Australia (RBA) exchange rate policy. First, results from a STARTZ model are provided revealing nonlinear mean reversion of the Australian dollar exchange rate in the sense that...

Persistent link: https://www.econbiz.de/10003964417

Surfing the waves of globalization : Asia and financial globalization in the context of the trilemma

Aizenman, Joshua; Chinn, Menzie David; Itō, Hiro - 2011

Using the "trilemma indexes" developed by Aizenman et al. (2010) that measure the extent of achievement in each of the three policy goals in the trilemma - monetary independence, exchange rate stability, and financial openness - we examine how policy configurations affect macroeconomic...

Persistent link: https://www.econbiz.de/10009158763

Cross-section dependence and the monetary exchange rate model : a panel analysis

Beckmann, Joscha; Belke, Ansgar; Dobnik, Frauke - 2011

This paper tackles the issue of cross-section dependence for the monetary exchange rate model in the presence of unobserved common factors using panel data from 1973 until 2007 for 19 OECD countries. Applying a principal component analysis we distinguish between common factors and idiosyncratic...

Persistent link: https://www.econbiz.de/10009426693

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

The Modern History of Exchange Rate Arrangements : A Reinterpretation

Reinhart, Carmen - 2016

We develop a novel system of re-classifying historical exchange rate regimes. One difference between our study and previous classification efforts is that we employ an extensive data base on market-determined parallel exchange rates. Our 'natural' classification algorithm leads to a stark...

Persistent link: https://www.econbiz.de/10012977845