This paper presents estimates of exchange rate pass-through derived from a panel of very disaggregated import unit-values to Hong Kong. The estimation approach builds on that utilized by Knetter (1989, 1993) to study export pricing and pricing to market. The three-dimensional data set examined...

We study the method proposed by Flood and Rose (FR, 2004, 2005) for checking for financial integration by estimating the risk-free rate using the idiosyncratic component of individual stock returns. Performing simulations with data with a known return generation process, we find that the FR...

This study measures the proportion of real exchange rate movements that can be accounted for by movements in the relative price of non-traded goods among 21 bilateral Asian-Pacific real exchange rates. Following Engel (1999), the decomposition is done at all possible horizons that the data allow...

Over the past two decades, China has been the worlds fastest-growing economy. My dissertation focuses on several important issues in Chinas recent development and reform:(1) Financial development and economic growth. It is widely recognized that financial sector reform is crucial to Chinas...

This study provides a detailed quantitative analysis of a transition to inflation targeting with a focus on the role of expectations. I investigate the impact of the Turkish central bank's inflation reduction programs on inflation in Turkey from 1996 to 2005. Over this period there was a...

This study contributes to the scarce empirical literature on dollarization by investigating the short and long-run effects of dollarization on the dynamics of prices at the macro and the micro level. This study also presents a survey of the available literature.This study examines the short-run...