Narrow search
Showing 1 - 10 of 10,727
Cover Image
The Implications of Liquidity Expansion in China for the US Dollar
Kang, Wensheng - 2016
years with growing importance of China's money supply to global liquidity. We develop out-of-sample forecasts of the US …, China and non-US/non-China liquidity. Monetary model forecasts significantly outperform a random walk forecast in terms of … indicates changes over time in the influence of variables in forecasting the US dollar. China's liquidity has a distinct …
Persistent link: https://www.econbiz.de/10013000233
Cover Image
The Implications of Liquidity Expansion in China for the Us Dollar
Kang, Wensheng - 2017
years with growing importance of China's money supply to global liquidity. We develop out-of-sample forecasts of the US …, China and non-US/non-China liquidity. Monetary model forecasts significantly outperform a random walk forecast in terms of … indicates changes over time in the influence of variables in forecasting the US dollar. China's liquidity has a distinct …
Persistent link: https://www.econbiz.de/10012970151
Cover Image
What Determines the Long-Term Volatility of Offshore RMB Exchange Rate?
Yang, Yahui; Peng, Zhe; Ryou, Jai-Won - 2022
China has been promoting the internationalization of the RMB for two decades now, and as a result, its offshore foreign … exchange market has been substantially revitalized, even though China’s capital market remains partially open. The movements of …
Persistent link: https://www.econbiz.de/10013322704
Cover Image
Global economy and the Australian dollar
Monadjemi, Mehdi S.; Lodewijks, John Kees - In: Expert journal of economics 5 (2017) 2, pp. 47-52
from this study show that commodity prices as represented by oil price changes and the growth of China's economy are the …
Persistent link: https://www.econbiz.de/10012062695
Cover Image
Sovereign Defaults by Currency Denomination
Jeanneret, Alexandre - 2018
This paper explores the drivers of sovereign defaults in 100 countries over the period 1996-2012. We build a new data set of sovereign defaults and find that default events on local and foreign currency bonds are equally likely. However, governments default under different economic and financial...
Persistent link: https://www.econbiz.de/10012938192
Cover Image
Vehicle currency pricing and exchange rate pass-through
Chen, Natalie; Chung, Wanyu; Novy, Dennis - 2019
Using detailed firm-level transactions data for UK imports, we find that invoicing in a vehicle currency is pervasive, with more than half of transactions in our sample invoiced in neither sterling nor the exporter's currency. We then study the relationship between invoicing currency choices and...
Persistent link: https://www.econbiz.de/10012029070
Cover Image
Methodological advances in the assessment of equilibrium exchange rates
Bussière, Matthieu; Ca'Zorzi, Michele; Chudík, Alexander - 2010
This paper reviews three different concepts of equilibrium exchange rates that are widely used in policy analysis and constitute the backbone of the IMF CGER assessment: the Macroeconomic Balance, the External Sustainability and the reduced form approaches. We raise a number of econometric...
Persistent link: https://www.econbiz.de/10003970419
Cover Image
Price-based measurement of financial globalization : a cross-country study of interest rate parity
Itō, Hiro; Chinn, Menzie David - 2007
We characterize the relationship between ex post exchange rate depreciation and the interest differential for a set of countries that spans both developed and emerging market economies. Measured ex post uncovered interest differentials are then related to measures of trade and financial...
Persistent link: https://www.econbiz.de/10003855141
Cover Image
Exchange rate misalignment : the case of the Chinese Renminbi
Cheung, Yin-Wong - 2012
Assessing exchange rate misalignment is not an easy task. With reference to the debate on the value of China's currency …
Persistent link: https://www.econbiz.de/10009533965
Cover Image
Dissecting the PPP puzzle : the unconventional roles of nominal exchange rate and price adjustment
Cheung, Yin-Wong; Lai, Kon-sun; Bergman, Michael U. - 2003
The conventional view, as expounded by sticky-price models, is that price adjustment determines the PPP reversion rate. This study examines the mechanism by which PPP deviations are corrected. Nominal exchange rate adjustment, not price adjustment, is shown to be the key engine governing the...
Persistent link: https://www.econbiz.de/10011507767