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The short-run impact of interest rates on exchange rates: Results for the Swiss franc against the euro and US dollar from daily data 2001-2011

Kugler, Peter - 2020

This paper provides an econometric analysis of the short-run impact of interest rates on the Swiss franc exchange rate covering the period January 2001 to June 2011 using daily data. Our model includes both the exchange rate of the Swiss franc against euro and dollar and uses the plausible...

Persistent link: https://www.econbiz.de/10012614644

Dolarización financiera en Argentina: Un análisis histórico de una restricción vigente

Corso, Eduardo Ariel - 2021

Persistent link: https://www.econbiz.de/10012803038

Weak Economy and Strong Currency: The Origins of the Strong Yen in the 1990s

Schnabl, Gunther - In: Vierteljahrshefte zur Wirtschaftsforschung 70 (2001) 4, pp. 489-503

Der Yen ist in der japanischen Rezession der 90er Jahre überraschend stark geblieben. Der Aufsatz untersucht die Ursachen für den hohen Yen. Er analysiert den Einfluss von Zinsen, Preisen und Währungspolitik. Danach haben reale Zinsdifferenzen allenfalls einen kurzfristigen Einfluss auf den...

Persistent link: https://www.econbiz.de/10010377557

Modern currency wars: The United States versus Japan

McKinnon, Ronald; Liu, Zhao - 2013

In the currency wars of the 1920s and 1930s, various nations fell off the gold standard and in so doing experienced …, without much fear of retaliation, the US can initiate more limited currency warfare - as with American "Japan bashing" from … England, and the European Central Bank. So the BOJ can only be faulted as a currency belligerent if there is a further …

Persistent link: https://www.econbiz.de/10010397234

Dynamic transition of the exchange rate regime in the People's Republic of China

Yoshino, Naoyuki; Kaji, Sahoko; Asonuma, Tamon - 2014

This paper analyzes the optimal transition of the exchange rate regime in the People's Republic of China (PRC). How the PRC can successfully reach the desired regime - whether a basket peg or floating regime - from the current dollar-peg regime remains a major question. To answer it, we develop...

Persistent link: https://www.econbiz.de/10010397284

Explaining Global Financial Imbalances: A Critique of the Saving Glut and Reserve Currency Hypotheses

Palley, Thomas I. - 2011

years. It then examines the saving glut and reserve currency hypotheses. The paper concludes by arguing that both the saving … glut and reserve currency hypotheses are inconsistent with the empirical record and both provide a misleading guide for …

Persistent link: https://www.econbiz.de/10010460512

The Impact of Exchange Rate on FDI and the Interdependence of FDI over Time

Alba, Joseph D.; Park, Donghyun; Wang, Peiming - 2009

The paper examines the impact of exchange rates on foreign direct investment (FDI) inflows into the United States in the context of a model that allows for the interdependence of FDI over time. Interdependence is modeled as a two-state Markov process where the two states can be interpreted as...

Persistent link: https://www.econbiz.de/10010507274

Hot Money Flows, Commodity Price Cycles, and Financial Repression in the US and the People’s Republic of China: The Consequences of Near Zero US Interest Rates

McKinnon, Ronald; Liu, Zhao - 2013

Under near zero United States (US) interest rates, the international dollar standard malfunctions. Emerging markets with naturally higher interest rates are swamped with "hot money" inflows. Emerging market central banks intervene to prevent their currencies from rising precipitously. They...

Persistent link: https://www.econbiz.de/10010507533

Wie gut sind professionelle Wechselkursprognosen?

Bofinger, Peter; Schmidt, Robert - In: ifo Schnelldienst 56 (2003) 17, pp. 7-14

Die künftige Entwicklung der Wechselkurse ist für viele wirtschaftliche Entscheidungen von besonderer Bedeutung. Gerade die jüngste Aufwertung des Euro gegenüber dem US-Dollar hat deutlich vor Augen geführt, wie negativ sich unerwartete Wechselkursänderungen auswirken können. Um Risiken...

Persistent link: https://www.econbiz.de/10011692062

Eurokurs: Sollte die EZB intervenieren?

Fels, Joachim; Hüfner, Martin; Belke, Ansgar; Polleit, … - In: ifo Schnelldienst 58 (2005) 01, pp. 3-13

Im Zuge der Aufwertung des Euro gegenüber wichtigen Handelswährungen, insbesondere dem US-Dollar, ist die Europäische Zentralbank vielfach aufgefordert worden zu intervenieren, um dem Aufstieg des Euro Einhalt zu gebieten und so den befürchteten Wachstums- und Beschäftigungsverlusten...

Persistent link: https://www.econbiz.de/10011692240