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Ecowas common currency: How prepared are its members?

Mati, Sagiru; Civcir, çIrfan; Ozdeser, Hüseyin - In: Investigación Económica 78 (2019) 308, pp. 89-119

West African States (ECOWAS) members to form a Monetary Union (MU). Inflation and output models are estimated, with the …-fledged pan-ECOWAS MU is not advisable. It is also found that members of the European Monetary Union (EMU) tend to be a better fit …

Persistent link: https://www.econbiz.de/10012217601

A double-edged sword: High interest rates in capital control regimes

Gudmundsson, Gudmundur S.; Zoega, Gylfi - In: Economics: The Open-Access, Open-Assessment E-Journal 10 (2016) 2016-17, pp. 1-38

This paper describes the relationship between central bank interest rates and exchange rates under a capital control regime. Higher interest rates may strengthen the currency by inducing owners of local currency assets not to sell local currency offshore. There is also an effect that goes in the...

Persistent link: https://www.econbiz.de/10011498081

A Simple Post-Crisis EMU Phillips Curve – Implications for Monetary Policy

Hennecke, Peter - In: Intereconomics 53 (2018) 6, pp. 333-336

The persistently low wage and price growth in the EMU after the Great Recession of 2009 led some economic observers to … EMU member states after the Great Recession to investigate whether these claims are corroborated by empirical evidence …. The results point to the conclusion that the Phillips Curve is alive and well in the EMU and centred at or only slightly …

Persistent link: https://www.econbiz.de/10012151460

Determinants of the ZAR/USD exchange rate and policy implications: A simultaneous-equation model

Hsing, Yu - In: Cogent Economics & Finance 4 (2016) 1, pp. 1-7

South African government bond yield, US real GDP, the US stock price and the South African inflation rate and negatively … influenced by the 10-year US government bond yield, South African real GDP, the South African stock price, and the US inflation …

Persistent link: https://www.econbiz.de/10011559203

Doomsday for the euro area: Causes, variants and consequences of breakup

Belke, Ansgar; Verheyen, Florian - In: International Journal of Financial Studies 1 (2013) 1, pp. 1-15

In this paper we describe the genesis of a doomsday scenario and discuss potential causes and motivations for a breakup of the euro area. For this purpose, we differentiate between the departure of weak and strong countries, and examine the impact of the reintroduction of a national currency on...

Persistent link: https://www.econbiz.de/10010421238

Natural Hedging of Exchange Rate Risk: The Role of Imported Input Prices

Fauceglia, Dario; Shingal, Anirudh; Wermelinger, Martin - In: Swiss Journal of Economics and Statistics 150 (2014) 4, pp. 261-296

In this paper, we estimate ERPT into imported input prices and export prices using disaggregated quarterly trade data for Switzerland over 2004–2011. We find evidence for high pass-through rates into imported input prices. This demonstrates the effectiveness of natural hedging. On the export...

Persistent link: https://www.econbiz.de/10011933325

Determinants of international reserves among Organisation of Petroleum Exporting Countries (OPEC)

Bada, Oladejo Tokunbo; Adetiloye, Kehinde Adekunle; … - In: Comparative Economic Research. Central and Eastern Europe 25 (2022) 3, pp. 111-133

variables that were tested with the system of generalised methods of moments (Sy-GMM) are inflation, exchange rates, oil prices …, crude oil dependence, economic crises and others. The results and outputs show that inflation was negatively impactful …

Persistent link: https://www.econbiz.de/10014516428

Influencia de la asimetría cambiaria del peso mexicano frente al dólar norteamericano en la utilización de derivados financieros por las empresas no financieras mexicanas

Corona Dueñas, José Asunción; Guerrero Herrera, Juan … - In: Atlantic Review of Economics 2 (2014), pp. 1-36

This paper analyzes from a long-term perspective, if the performance of the Mexican peso exchange, presents a recurring asymmetric behavior against the US dollar, and if that behavior has an influence on the potential use of financial derivatives by non-financial firms Mexican selected in the...

Persistent link: https://www.econbiz.de/10011536981

Private sector credit and inflation volatility

Katusiime, Lorna - In: Economies 6 (2018) 2, pp. 1-13

This paper investigates the effect of inflation volatility on private sector credit growth. The results indicate that … private sector credit growth is positively linked to the one period lagged inflation volatility. Given that past monetary … positive response of private sector credit growth to past inflation volatility suggests a credible monetary policy regime in …

Persistent link: https://www.econbiz.de/10012009831

Survey Results about Foreign Currency Holdings in Five Central and Eastern European Countries

Stix, Helmut - In: CESifo Forum 02 (2001) 3, pp. 41-48

Persistent link: https://www.econbiz.de/10011695664