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A Multiple-Horizon Search for the Role of Trade and Financial Factors in Bilateral Real Exchange Rate Volatility
Cheung, Yin-Wong - 2009
This study investigates the sources of bilateral real exchange rate (RER) volatility in industrial countries. Going … RER volatility at different time horizons. The results suggest that RER volatility tends to increase with financial …. Financial factors (financial openness and financial depth) are found to influence RER volatility at primarily short horizons …
Persistent link: https://www.econbiz.de/10013158418
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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 stabilizer for East Asia and the world. The paper stresses the crucial role of the dollar peg for macroeconomic stability in China. The paper explores the current role of China's...
Persistent link: https://www.econbiz.de/10009012482
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Global Value Chains and the Exchange Rate Elasticity of Exports
Ahmed Hannan, Swarnali - 2016
This paper analyzes how the formation of Global Value Chains (GVCs) has affected the exchange rate elasticity of exports. Using a panel framework covering 46 countries over the period 1996-2012, we first find some suggestive evidence that the elasticity of real manufacturing exports to the Real...
Persistent link: https://www.econbiz.de/10012999740
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Influence of real exchange rate on the finance-growth nexus in the West African region
Ehigiamusoe, Kizito Uyi; Hooi Hooi Lean - In: Economies : open access journal 7 (2019) 1/23, pp. 1-21
This study examines the moderating effects of the real exchange rate and its volatility on the finance-growth nexus in … levels of the real exchange rates and its volatility. The findings show that financial development has a long-term positive … impact on economic growth, but this impact is weakened by real exchange rate and its volatility. The marginal effects of …
Persistent link: https://www.econbiz.de/10012020497
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Relationships between exchange rate regime, real exchange rate volatility and currency structure of government bonds in emerging markets
Dudzich, Viktar - In: Národohospodářský obzor : časopis věnovaný … 20 (2020) 1, pp. 3-22
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 …
Persistent link: https://www.econbiz.de/10012242309
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Determinants of real exchange rate movements in 15 emerging market economies
Goda, Thomas; Priewe, Jan - 2019
that although "commodity" and "industrial" EME are heterogeneous, REER volatility tends to be higher among the former. Yet …, REER volatility between emerging and advanced countries does not differ very much, apart from a few EME countries …
Persistent link: https://www.econbiz.de/10012107936
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Real exchange rate and international reserves in an era of growing financial and trade integration
Aizenman, Joshua; Riera-Crichton, Daniel - 2006
significant relationship between hot money and REER. -- Real exchange rate ; terms of trade ; international reserves ; volatility …
Persistent link: https://www.econbiz.de/10003855369
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International investment positions and exchange rate dynamics
Binder, Michael; Offermanns, Christian J. - 2014
We revisit medium- to long-run exchange rate determination, focusing on the role of international investment positions. To do so, we make use of a new econometric framework accounting for conditional long-run homogeneity in heterogeneous dynamic panel data models. In particular, in our model the...
Persistent link: https://www.econbiz.de/10010414236
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Real Exchange Rate Movements and the Relative Price of Non-traded Goods
Betts, Caroline - 2008
We study the quarterly bilateral real exchange rate and the relative price of non-traded to traded goods for 1225 country pairs over 1980-2005. We show that the two variables are positively correlated, but that movements in the relative price measure are smaller than those in the real exchange...
Persistent link: https://www.econbiz.de/10012722646
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Real Exchange Rate Volatility : Does the Nominal Exchange Rate Regime Matter?
Liang, Hong - 2006
evidence supporting the nonneutrality hypothesis of nominal exchange regime on RER volatility. Also, regime shifts play an …
Persistent link: https://www.econbiz.de/10012782130