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The impact of macroeconomic variables on exchange rate uncertain
Kaboro, Jane; Mose, Naftaly - In: Financial Internet Quarterly 17 (2021) 3, pp. 47-55
targets for macroeconomic convergence, intending to eliminate exchange rate uncertainty within the bloc and reduce the costs … the set macroeconomic targets has been very slow, resulting in high exchange rate uncertainty within the region. It is … on the exchange rate uncertainty of EAC states using secondary panel data. The study made use of standard deviation and …
Persistent link: https://www.econbiz.de/10013466282
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The impact of macroeconomic variables on exchange rate uncertain
Kaboro, Jane; Mose, Naftaly - In: Financial internet quarterly 17 (2021) 3, pp. 47-55
targets for macroeconomic convergence, intending to eliminate exchange rate uncertainty within the bloc and reduce the costs … the set macroeconomic targets has been very slow, resulting in high exchange rate uncertainty within the region. It is … on the exchange rate uncertainty of EAC states using secondary panel data. The study made use of standard deviation and …
Persistent link: https://www.econbiz.de/10012803220
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Real exchange rate undervaluation, regional integration and services sector performance : evidence from the East African Community
Nnyanzi, John Bosco; Oryema, John Bosco; Kilimani, Nicholas - In: Journal of economic structures : JES; the official … 11 (2022), pp. 1-23
We undertake to estimate the effects of real exchange rate misalignment and regional integration on the service sector performance in selected countries from East Africa during the period of 1991-2017. The main findings, based on the traditional Pooled Mean Group ARDL technique as well as the...
Persistent link: https://www.econbiz.de/10013459605
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Purchasing power parity in the eastern Caribbean currency union
Simmons, Walter; Aggarwal, Raj - In: Journal of Developing Areas 38 (2004) 2, pp. 155-169
There is increasing interest in regional trade, investment, and currency blocs, and in the optimal public policies for such blocs. There is also much managerial interest in the co-movement of exchange rates in a region. The Eastern Caribbean Currency Bloc is one of only three (and one of the...
Persistent link: https://www.econbiz.de/10011213280
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The Micro-Macro Disconnect of Purchasing Power Parity
Bergin, Paul R.; Glick, Reuven; Wu, Jyh-Lin - In: The Review of Economics and Statistics 95 (2013) 3, pp. 798-812
This paper reconciles the persistence of aggregate real exchange rates with the faster adjustment of international relative prices in microeconomic data. Error correction model estimates indicate that a different mix of shocks drives international price deviations at the microeconomic level and...
Persistent link: https://www.econbiz.de/10011009866
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Persistent gaps between purchasing power parities and exchange rates under the law of one price: a puzzle (partly) explained?
Podkaminer, Leon - In: Bank i Kredyt 44 (2013) 4, pp. 333-352
Simple general equilibrium (exchange) models of intra-EU trade generate equalized relative prices of consumer tradables. Simultaneously, more dispersed domestic relative prices of consumer non-tradables are generated. Consequently, the purchasing power parity/exchange rate ratios may move...
Persistent link: https://www.econbiz.de/10010698681
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The foreign exchange market interventions of the European Central Bank
Frenkel, M.; Pierdzionc, C.; Stadtmann, G. - In: BNL Quarterly Review 54 (2001) 218, pp. 249-287
We analyze the effectiveness of the foreign exchange market interventionsconducted by the European Central Bank (ECB) in the fall of 2000 to support the external stability of the euro. To this end, we discuss different channels through whichinterventions may influence exchange rate dynamics. We...
Persistent link: https://www.econbiz.de/10010753916
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The foreign exchange market interventions of the European Central Bank
Frenkel, M.; Pierdzionc, C.; Stadtmann, G. - In: Banca Nazionale del Lavoro Quarterly Review 54 (2001) 218, pp. 249-287
We analyze the effectiveness of the foreign exchange market interventionsconducted by the European Central Bank (ECB) in the fall of 2000 to support the external stability of the euro. To this end, we discuss different channels through whichinterventions may influence exchange rate dynamics. We...
Persistent link: https://www.econbiz.de/10010753927
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A note on uncertainty due to infectious diseases and output growth of the United States : a mixed-frequency forecasting experiment
Salisu, Afees A.; Gupta, Rangan; Demirer, Rıza - In: Annals of financial economics 17 (2022) 2, pp. 1-9
Persistent link: https://www.econbiz.de/10013262971
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Capital and Trade as Engines of Growth in France: An Application of Johansen's Cointegration Methodology
Coe, David T.; Moghadam, Reza - In: IMF Staff Papers 40 (1993) 3, pp. 542-566
An aggregate production function is estimated using recent cointegrating techniques particularly appropriate for estimating long-run relationships. The empirical results suggest that the growth of output in France has been spurred by increased trade integration within the European Community and...
Persistent link: https://www.econbiz.de/10008915179