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Hysteresis in Foreign Trade – A New Empirical Approach / Hysterese im Außenhandel – Ein neuer empirischer Ansatz
Dannenbaum, Joachim - In: Jahrbücher für Nationalökonomie und Statistik 217 (1998) 5, pp. 589-612
Summary This paper expands the empirical analysis of hysteresis in trade in two directions. First, it uses disaggregate data for exports from Germany to the U.S. to minimise aggregation problems. Second, it introduces a new non-linear model to test for the non-linear parameter. The model is...
Persistent link: https://www.econbiz.de/10014608628
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How Bubbles are Born and Burst in the Foreign Exchanges / Zum Entstehen und Platzen von Seifenblasen auf dem Devisenmarkt
Gartner, Manfred - In: Jahrbücher für Nationalökonomie und Statistik 218 (1999) 3-4, pp. 294-308
Summary Diba and Grossman (1987) demonstrated that the conception of a rational bubble as defined by Blanchard and Watson (1982) is impossible. The present paper shows that this impossibility theorem also applies under various imperfections and irrationalities. These are: sticky goods prices,...
Persistent link: https://www.econbiz.de/10014608682
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Exchange Rate Regimes and Financial Dollarization: Does Flexibility Reduce Currency Mismatches in Bank Intermediation?
Arteta, Carlos O. - In: Topics in Macroeconomics 5 (2005) 1
Abstract The dollarization of bank deposits and credit is widespread in developing countries, resulting in varying degrees of currency mismatches in domestic financial intermediation. It is argued that flexible exchange rate regimes generally encourage banks to match dollar-denominated...
Persistent link: https://www.econbiz.de/10014588386
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Does the Forward Discount Represent a Long Memory Process or Short Memory Process with Multiple Changes in the Mean?
Shahrin, Aidil Rizal - In: Jahrbücher für Nationalökonomie und Statistik 235 (2015) 6, pp. 630-641
Summary This study aims to determine whether forward discount represents a long memory or short memory process with multiple changes in the mean. Based on the samples of six currencies from November 3, 1986, to March 6, 1998, using Baek and Pipiras’s (2012, 2014) statistical procedures, our...
Persistent link: https://www.econbiz.de/10014609550
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The impacts of Chinese direct investment in Thailand on the Sino-Thai bilateral trade
Keorite, Mathavee; Pan, Huang - In: Journal of Chinese Economic and Foreign Trade Studies 9 (2016) 1, pp. 24-39
Purpose – The purpose of this paper is to investigate the impacts of Chinese direct investment in Thailand on the Sino-Thai bilateral trade. The economic relationship between Thailand and China has been strengthened through both trade and Chinese direct investment in Thailand for past decades....
Persistent link: https://www.econbiz.de/10014847652
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Evidence on the impact of exchange rate regimes on bilateral FDI flows
Abbott, Andrew J.; De Vita, Glauco - In: Journal of Economic Studies 38 (2011) 3, pp. 253-274
Purpose – The purpose of this paper is to investigate the impact of a menu of country‐pair exchange rate regime combinations upon bilateral foreign direct investment (FDI) flows. Design/methodology/approach – The authors use panel data from 27 OECD and non‐OECD high income countries for...
Persistent link: https://www.econbiz.de/10014863282
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A reconciliation proposal of demand-driven growth models in open economies
Ribeiro, Rafael Saulo Marques; McCombie, John S.L.; … - In: Journal of Economic Studies 44 (2017) 2, pp. 226-244
Purpose The purpose of this paper is to contribute to the literature on demand-driven Keynesian growth in open economies by developing a formal model that combines Dixon and Thirlwall’s (1975) export-led growth model and Thirlwall’s (1979) balance-of-payments constrained growth model into a...
Persistent link: https://www.econbiz.de/10014864692
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(A)symmetric interaction between house prices, stock market and exchange rates using linear and nonlinear approach: the case of Iran
Mahmoudinia, Davoud; Mostolizadeh, Seyed Mohammad - In: International Journal of Housing Markets and Analysis 16 (2022) 4, pp. 648-671
Purpose The purpose of this study was to investigate the dynamic interactive link between housing prices, stock market price and effective exchange rate in the Iranian economy for a monthly period from April, 2004, to March, 2019. In addition, for a more accurate analysis, three control and...
Persistent link: https://www.econbiz.de/10014777851
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The impact of Iran Central Bank’s sanction on Tehran Stock Exchange
Salehi, Mahdi; Karimzadeh, Mostafa; Paydarmanesh, Navid - In: International Journal of Law and Management 59 (2017) 3, pp. 365-375
Purpose US sanctions have been a major feature of US Iran policy since Iran’s 1979 Islamic revolution, but the imposition of UN and worldwide bilateral sanctions on Iran that began in 2006 and increased dramatically as of 2010 is recent by comparison. The objectives of US sanctions have...
Persistent link: https://www.econbiz.de/10014782194
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Modelling volatility and forecasting of exchange rate of British pound sterling and Indian rupee
Gupta, Sanjeev; Kashyap, Sachin - In: Journal of Modelling in Management 11 (2016) 2, pp. 389-404
Purpose The paper aims to analyse the extent of volatility and generating forecasts of exchange rates of British pound … models suggested in the Econometric literature to capture the extent of volatility. The forecast of exchange rates of British … volatility depicts that there is noise and chaos in the forex market. Prediction of exchange rate of the respective currencies …
Persistent link: https://www.econbiz.de/10014881760