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We propose a "debt view" to explain the dominant international role of the dollar and provide broad empirical support for it. Within a simple capital structure model in which firms optimally choose the currency composition of their debt, we derive conditions under which all firms issue debt in a...
Persistent link: https://www.econbiz.de/10011900333
in the short run, mobile money usage is positively affected by inflation while financial innovation, exchange rate … positively affected by economic activity, inflation and the COVID-19 pandemic crisis while mobile money customer balances …
Persistent link: https://www.econbiz.de/10013199789
in the short run, mobile money usage is positively affected by inflation while financial innovation, exchange rate … positively affected by economic activity, inflation and the COVID-19 pandemic crisis while mobile money customer balances …
Persistent link: https://www.econbiz.de/10012505029
Does the South African rand's relatively large volatility affect inflation? To shed some light on this question, a … standard estimation technique of exchange rate pass-through to inflation is extended to incorporate exchange rate volatility …. Estimated results suggest that higher exchange rate volatility tends to increase core inflation but to a relatively limited …
Persistent link: https://www.econbiz.de/10012843500
Purpose - This study aims to examine the symmetric and asymmetric impact of external debt on inflation in Sudan from … additional inflation determinants. Design/methodology/approach - The authors utilize an Auto Regressive Distributed Lag (ARDL …) model to examine the symmetric impact of external debt on inflation, while the asymmetric impact is examined using a …
Persistent link: https://www.econbiz.de/10014438895
This paper investigates the determinants of the real exchange rate (RER) in Ethiopia. In particular, it assesses whether large capital inflows (e.g. foreign aid and remittances) have an impact on the RER. This empirical exercise tries to improve the current literature in a number of ways: (i)...
Persistent link: https://www.econbiz.de/10008903093
's competitiveness, its definition and measurement. The major characteristic of East Asian economic development is rapid …
Persistent link: https://www.econbiz.de/10008764112
This paper has the aim to point out the risks of reducing the EU competitiveness by analyzing the indicators of price … and cost competitiveness, as well as the structural and technological aspects of competitiveness. The influence of the … world crisis on the competitiveness and export performances of the EU is in the focus in order to show at what extent the …
Persistent link: https://www.econbiz.de/10011122399
contribution to fluctuations in, the real exchange rate, output growth and inflation in four major economies over the past four … focused on inflation and output and the time-varying impact of monetary policy on these variables. In addition we generalise … as follows. The transmission of demand, supply and nominal shocks to the real exchange rate, output and inflation has …
Persistent link: https://www.econbiz.de/10003940278
aggregate targets, and inflation targets. Large economies are likely to use floating régimes and inflation targets. Small …
Persistent link: https://www.econbiz.de/10013084174