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Exchange rate and price dynamics at the zero lower bound : conference paper

Bäurle, Gregor; Kaufmann, Daniel - 2013

permanent shifts of the exchange rate and the price level if a central bank anchors long-run inflation expectations. In line … the price level to a temporary risk shock are permanent. Our theoretical discussion shows that adopting a credible long …-run price level target rather than a long-run inflation target avoids these permanent shifts of the exchange rate and the price …

Persistent link: https://www.econbiz.de/10010340556

Changes in exchange rates in rapidly developing countries : theory, practice, and policy issues ; [this volume contains edited versions of papers presented at the NBER East Asia Se...

Itō, Takatoshi (ed.) - 1999

Persistent link: https://www.econbiz.de/10000668130

Fluctuations of the real exchange rate, real interest rates, and the dynamics of the price of gold in a small open economy : conference paper

Pierdzioch, Christian; Rohloff, Sebastian; Risse, Marian - 2014

Economic theory predicts that, in a small open economy, the dynamics of the real price of gold should be linked to real …

Persistent link: https://www.econbiz.de/10010485282

Currency substitution in developing countries : theory and empirical analysis for Latin America and Eastern Europe

Brand, Diana - 1993

In the wake of the global liberalization of financial and currency markets in the 1970s and 1980s, currency substitution has given rise to increasing policy concern. In developing countries, this phenomenon mainly results from the flight out of the domestic currency as a reaction to...