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Sources of euro real exchange rate fluctuations : what is behind the euro weakness in 1999 - 2000

Döpke, Jörg; Gottschalk, Jan; Kamps, Christophe - 2001

Persistent link: https://www.econbiz.de/10001584428

Sources of euro real exchange rate fluctuations : what is behind the euro weakness in 1999-2000?

Döpke, Jörg; Gottschalk, Jan; Kamps, Christophe - 2001

This paper analyzes the factors underlying the weakness of the euro. For this purpose, the framework advocated by Clarida and Gali (1994) is used. Within this model, three structural shocks drive the dynamics of the endogenous variables: aggregate supply shocks, aggregate spending shocks, and...

Persistent link: https://www.econbiz.de/10011473872

Nominal convergence

Iancu, Aurel - 2009

After presenting the institutional construction during the pre-accession and post-accession to the Economic and Monetary Union (EMU), the exchange rate mechanisms (ERM) in several countries and the convergence criteria, we go on with a brief analysis of the way the CEE countries cope with the...

Persistent link: https://www.econbiz.de/10010529098

Investigating the effect of exchange rate changes on the People's Republic of China's processed exports

Thorbecke, Willem - 2010

Many argue that the yuan needs to appreciate to rebalance the People's Republic of China's trade. However, empirical evidence on the effects of a CNY appreciation on the People's Republic of China's exports has been mixed for the largest category of exports, processed exports. Since much of the...

Persistent link: https://www.econbiz.de/10003983107

A possible explanation of the 'exchange rate disconnect puzzle' : a common solution to three major macroeconomic puzzles?

Horioka, Charles; Ford, Nicholas - 2016

Meese and Rogoff (1983) and subsequent studies find that economic fundamentals are apparently not able to explain exchange rate movements, but we argue that this so-called "Exchange Rate Disconnect Puzzle" arose because researchers such as Meese and Rogoff (1983) did not use the right...

Persistent link: https://www.econbiz.de/10011502367

China, Hong Kong, and Taiwan : a quantitative assessment of real and financial integration

Cheung, Yin-Wong; Chinn, Menzie David; Fujii, Eiji - 2003

The status of real and financial integration of China, Hong Kong, and Taiwan is investigated using monthly data on one-month interbank rates, exchange rates, and prices. Specifically, the degree of integration is assessed based on the empirical validity of real interest parity, uncovered...

Persistent link: https://www.econbiz.de/10011514149

The effect of real exchange rate volatility on income distribution in South Africa

Aye, Goodness C.; Harris, Laurence - 2019

This study investigates the effect of real exchange rate volatility on the distribution of income between labour and … exchange rate volatility is negative. Moreover, high exchange rate volatility impacts negatively on labour's income share …, while low exchange rate volatility impacts positively on labour income. As the magnitude of the effect of high exchange rate …

Persistent link: https://www.econbiz.de/10011997494

Determinants of real exchange rate movements in 15 emerging market economies

Goda, Thomas; Priewe, Jan - 2019

that although "commodity" and "industrial" EME are heterogeneous, REER volatility tends to be higher among the former. Yet …, REER volatility between emerging and advanced countries does not differ very much, apart from a few EME countries …

Persistent link: https://www.econbiz.de/10012107936

The impacts of public expenditure innovations on real exchange rate volatility in South Africa

Nuru, Naser Yenus; Gereziher, Hayelom Yrgaw - 2021

This study investigates the impacts of public expenditure innovations on exchange rate volatility in South Africa using … that public expenditure innovation has a significant depreciating trend impact on exchange rate volatility, and its impact … volatility does not rely on the direction of the innovation, it varies according to the state of the economy. Public expenditure …

Persistent link: https://www.econbiz.de/10012509885

Do real exchange rate appreciations matter for growth?

Bussière, Matthieu; Lopez, Claude; Tille, Cédric - 2014

While the impact of exchange rate changes on economic growth has long been an issue of key importance in international macroeconomics, it has received renewed attention in recent years, owing to weaker growth rates and the debate on "currency wars". However, in spite of its prevalence in the...

Persistent link: https://www.econbiz.de/10010348280