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Real Convergence in Central and Eastern European EU Member States : Which Role for Exchange Rate Volatility?
Arratibel, Olga - 2008
This paper analyzes the relation between exchange rate volatility and several macroeconomic variables, namely real per … find that lower exchange rate volatility is associated with higher growth (for relatively less financially developed …
Persistent link: https://www.econbiz.de/10012770727
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Real convergence in Central and Eastern European EU Member States: which role for exchange rate volatility?
Arratibel, Olga; Furceri, Davide; Martin, Reiner - 2008
This paper analyzes the relation between exchange rate volatility and several macroeconomic variables, namely real per … find that lower exchange rate volatility is associated with higher growth (for relatively less financially developed …
Persistent link: https://www.econbiz.de/10011604975
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Effect of Exchange Rate Volatility on Tax Revenue Performance In Sub-Saharan Africa
Ofori, Isaac K.; Obeng, Kwasi Camara; Yeltulme … - 2021
policymakers in terms of its impact on tax revenue performance is exchange rate volatility. Using macrodata spanning 1984 to 2017 … exchange rate volatility is directly harmful to tax revenue performance, and indirectly through trade openness …
Persistent link: https://www.econbiz.de/10013227718
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Costs of Foreign Capital Flows in Emerging Market Economies : Unexpected Economic Growth and Increased Financial Market Volatility
Yoon, Kyoungsoo - 2015
The high volatility of economic growth and financial markets in emerging market economies following large swings in … volatility. We find that FDI and foreign bank loans are positively associated with unexpected GDP growth on a contemporaneous … basis, while increases in foreign bond and equity investment induce lower GDP growth than expected in the following year.Volatility …
Persistent link: https://www.econbiz.de/10013018654
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Vulnérabilité extérieure et régime de change : le cas des pays de l'Est candidats à l'Union Européenne
Durré, Alain; Ertz, Guy - In: Cahiers économiques de Bruxelles (2001) 3, pp. 3-39
Persistent link: https://www.econbiz.de/10001630598
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The role of expenditure switching in the global imbalance adjustment
Dong, Wei - 2010
In theory, nominal exchange rate movements can lead to “expenditure switching” when they generate changes in the relative prices of goods across countries. This paper explores whether the expenditure-switching role of exchange rates has changed in the current episode of significant global...
Persistent link: https://www.econbiz.de/10003981349
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Chinese Foreign Exchange Reserves, Policy Choices, and the U.S. Economy
Neely, Christopher J. - 2019
China is both a major trading partner of the United States and the largest official holder of U.S. assets in the world. The value of Chinese foreign exchange reserves peaked at just over $4 trillion in June 2014 but has since declined to $3.19 trillion (as of August 2016). This very large...
Persistent link: https://www.econbiz.de/10014121863
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Exchange rates and global rebalancing
Eichengreen, Barry; Rua, Gisela - 2011
This paper considers the general equilibrium relationship between exchange rates and global imbalances. It emphasizes that the exchange rate is not a primitive but an equilibrium price determined by the policy mix. It uses extensions of the two-country Obstfeld-Rogoff model to analyze the...
Persistent link: https://www.econbiz.de/10008937609
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Exchange Rates and Global Rebalancing
Eichengreen, Barry; Rua, Gisela - 2011
This paper considers the general equilibrium relationship between exchange rates and global imbalances. It emphasizes that the exchange rate is not a primitive but an equilibrium price determined by the policy mix. It uses extensions of the two-country Obstfeld-Rogoff model to analyze the...
Persistent link: https://www.econbiz.de/10014183493
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Exchange-Rate Dark Matter
Evans, Martin D.D. - 2012
Dark matter is believed to account for 83 percent of the matter in the universe and plays a central role in cosmology modeling. This paper argues that an analogous form of dark matter plays a similarly important role in international macroeconomics. Like its cosmological counterpart,...
Persistent link: https://www.econbiz.de/10013112281