Similar Search Results

Oil, gold, US dollar and stock market interdependencies : a global analytical insight

Arfaoui, Mongi; Ben Rejeb, Aymen - In: European journal of management and business economics : … 26 (2017) 3, pp. 278-293

Persistent link: https://www.econbiz.de/10011823435

Central Bank Reserves and Currency Volatility

Ferreira, Alex Luiz - 2020

We investigate the effects of Central Bank interventions which are designed to smooth exchange rate volatility but are …

Persistent link: https://www.econbiz.de/10012848812

Have Exchange Rates Become More Closely Tied? Evidence from a New Multivariate GARCH Model

Klaassen, Franc - 1999

We analyze the time-dependence of exchange rate correlations using a new multivariate GARCH model. This model consists of two parts. First, we transform the exchange rate changes into their principal components and specify univariate GARCH models for all components. Second, we use the inverse of...

Persistent link: https://www.econbiz.de/10014192029

Volatile and Persistent Exchange Rates : How Important are Distribution Costs?

Jin, Yi; Zeng, Zhixiong - 2007

This paper studies the role played by distribution costs in shaping exchange rate behavior over the business cycle. We assume, realistically, that transactions on tradable goods require a component of nontradable distribution services. This naturally drives a wedge between retail prices in...

Persistent link: https://www.econbiz.de/10014222830

Does central bank transparency deter the exchange rate volatility? : new evidence from Asian emerging markets

Shamsi, Muhammad Aftab; Mehmood, Ahsan - In: Journal of central banking theory and practice 12 (2023) 2, pp. 133-163

Exchange rate volatility has emerged as a significant chal-lenge for Asian emerging markets since the adoption of the … liberalization process. This study examines the influence of central banktransparency on exchange rate volatility using a sample of … has a stabilizing effect onexchange rate volatility, and this effect remains even after controlling for various internal …

Persistent link: https://www.econbiz.de/10014316656

The impacts of global risk and US monetary policy on US Dollar exchange rates and excess currency returns

Bernoth, Kerstin; Herwartz, Helmut; Trienens, Lasse - 2023

We examine the causal relationship between US monetary policy shocks, exchange rates and currency excess returns for a sample of eight advanced countries over the period 1980M1 to 2022M11. We find that the dynamics of the US dollar exchange rate is the main driver of currency excess returns. The...

Persistent link: https://www.econbiz.de/10014305726

Currency Concentration in Sovereign Debt, Exchange Rate Cyclicality, and Volatility in Consumption

Fujii, Eiji - 2022

smooth their domestic consumption; however, it can also amplify volatility in consumption, depending on the currency in which … external debt portfolios, exchange rate cyclicality, and volatility in consumption of low- and middle-income countries. Since …

Persistent link: https://www.econbiz.de/10014241998

Exchange rate volatility and India-US commodity trade : evidence of the third country effect

Iqbal, Javed; Nosheen, Misbah; Wohar, Mark E. - In: Indian economic review : official journal of Delhi … 58 (2023), pp. 359-398

Persistent link: https://www.econbiz.de/10014391781

The impact of macroeconomic variables on exchange rate uncertain

Kaboro, Jane; Mose, Naftaly - In: Financial internet quarterly 17 (2021) 3, pp. 47-55

Macroeconomic convergence is critical for member states to achieve the level of harmonization required for establishing a stable and resilient monetary union. The East African Community (EAC) member states, therefore, established set targets for macroeconomic convergence, intending to eliminate...

Persistent link: https://www.econbiz.de/10012803220

The EU's Open Strategic Autonomy from a central banking perspective : challenges to the monetary policy landscape from a changing geopolitical environment

2023

Over the past decade, geopolitical developments - and the policy responses to these by major economies around the world - have challenged economic openness and the process of globalisation, with implications for the economic environment in which central banks operate. The return of war to Europe...

Persistent link: https://www.econbiz.de/10014248552