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Three essays on issues in open macroeconomies
Hayakawa, Tatsuji - 1994
Persistent link: https://www.econbiz.de/10000916072
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Financial deepening, terms of trade shocks, and growth volatility in low-income countries
Kpodar, Kangni; Le Goff, Maëlan; Singh, Raju Jan - 2019
sector development acts as a shock-absorber in poor countries, dampening the transmission of terms of trade shocks to growth … volatility. Expanding the sample to 121 developing countries confirms this result, although this role of shock-absorber fades … away as economies grow richer. Stock market development, by contrast, appears neither to be a shock-absorber nor a shock …
Persistent link: https://www.econbiz.de/10012009977
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International reserves before and after the global crisis : is there no end to hoarding?
Aizenman, Joshua; Cheung, Yin-Wong; Itō, Hiro - 2015
We evaluate the impact of the global financial crisis (GFC) and recent structural changes in the patterns of hoarding international reserves (IR). We confirm that the determinants of IR hoarding evolve with developments in the global economy. During the pre-GFC period of 1999-2006, gross saving...
Persistent link: https://www.econbiz.de/10010490278
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Global shocks and trade response of a commodity exporter small open economy: Terms of Trade, J-Curve and the Marshall-Lerner Condition
Januário, Marcelo Randolfo da Costa; Ferreira, Mauro Sayar - 2021
Persistent link: https://www.econbiz.de/10012693348
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Not all terms of trade shocks are alike
Juvenal, Luciana; Petrella, Ivan - 2020
Persistent link: https://www.econbiz.de/10012222190
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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
; shock absorber …
Persistent link: https://www.econbiz.de/10003855369
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Real Exchange Rate and International Reserves in an Era of Growing Financial and Trade Integration
Aizenman, Joshua - 2008
This paper evaluates the impact of international reserves, terms of trade shocks and capital flows on the real exchange rate (REER). We observe that international reserves cushions the impact of TOT shocks on the REER, and that this effect is important for developing but not for industrial...
Persistent link: https://www.econbiz.de/10012722919
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Net foreign assets, real exchange rates and net exports revisited
Bleaney, Michael F.; Tian, Mo - 2013
Theory suggests a significant positive relationship in long-run equilibrium between net foreign assets (NFA) as a proportion of GDP and real exchange rates. Empirical tests have ignored two issues: the large variation in cross-country trade/GDP ratios, which is likely to induce substantial...
Persistent link: https://www.econbiz.de/10009792044
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Does trade openness influence the real effective exchange rate? : new evidence from panel time-series
Gantman, Ernesto R.; Dabós, Marcelo - In: SERIEs : Journal of the Spanish Economic Association 9 (2018) 1, pp. 91-113
Using a dataset of 101 countries over the 1960–2011 period, we examine the relationship between the real effective exchange rate (REER), on the one hand, and trade openness, trade balance, the terms of trade, factor productivity, and exchange rate regime, on the other one. We use new...
Persistent link: https://www.econbiz.de/10011865211
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Essays in intertemporal open economy macroeconomic models
Murthy, Radha S. - 1991
Persistent link: https://www.econbiz.de/10000877991