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Macroeconomic trade effects of vehicle currencies: Evidence from 19th century China

El-Shagi, Makram; Zhang, Lin - 2016

We use the Chinese experience between 1867 and 1910 to illustrate how the volatility of vehicle currencies affects trade. Today's widespread vehicle currency is the dollar. However, the macroeconomic effects of this use of the dollar have rarely been addressed. This is partly due to...

Persistent link: https://www.econbiz.de/10011500790

Macroeconomic trade effects of vehicle currencies : evidence from 19th century China

Shagi, Makram el-; Zhang, Lin - 2016

We use the Chinese experience between 1867 and 1910 to illustrate how the volatility of vehicle currencies affects trade. Today’s widespread vehicle currency is the dollar. However, the macroeconomic effects of this use of the dollar have rarely been addressed. This is partly due to...

Persistent link: https://www.econbiz.de/10011500162

Persistent Imbalances : The Impact of Exchange Rate Appreciation on China's Trade Balances

Dimpfl, Thomas - 2019

for an exchange rate effect on Chinese exports …

Persistent link: https://www.econbiz.de/10012899706

"The Relationship between Exports and Productivity at the Plant level in the Turkish Apparel and Motor Vehicle Parts Industries

Yasar, Mahmut; Nelson, Carl H. - Econometric Society - 2004

We investigate the relationship between exports and productivity in the Turkish apparel and motor vehicle and parts … long- and short-run relationships between exports and productivity. Thus, a second model, an Error- Correction … relationship between exports and productivity both in the short- and long-run. The effect of productivity on exporting is much …

Persistent link: https://www.econbiz.de/10005702602

The Monetary Model of the Dollar-Yen Exchange Rate Determination: A Cointegration Approach

Islam, M. Faizul; Hasan, Mohammad S. - In: International Journal of Business and Economics 5 (2006) 2, pp. 129-145

This paper validates the monetary model in the determination of the dollar-yen exchange rate by applying cointegration methodology. Estimation results indicate a stationary relationship between the dollar-yen exchange rate and monetary models, with long-term causality flowing from monetary...

Persistent link: https://www.econbiz.de/10010837238

Currency substitution in Romania

Lazea, Valentin; Cozmanca, Bogdan Octavian - Volkswirtschaftliche Fakultät, … - 2003

The aim of this paper is to investigate the currency substitution phenomenon in Romania. We present the evolution of the DI (Dollarization Index) as it is defined by the IMF, the situation on the liabilities side and that of the banking sector. We assess the way in which the traditional...

Persistent link: https://www.econbiz.de/10008493587

Exchange rate volatility and exports : estimation of firms risk preferences

Broll, Udo; Mukherjee, Soumyatanu; Sensarma, Rudra - 2017

impact of exchange rate risk on exports. Based on a flexible utility function that incorporates all possible risk preferences …

Persistent link: https://www.econbiz.de/10011638802

On the (nonlinear) relationship between exchange rate uncertainty and trade: An investigation of US trade figures in the Group of Seven

Herwartz, Helmut - 2003

In this paper bilateral models formalizing monthly growth of US imports and exports are employed to investigate the … nonlinear and, moreover, lacks homogeneity across countries and imports vs. exports …

Persistent link: https://www.econbiz.de/10010296439

A reappraisal of the border effect on relative price volatility

Cheung, Yin-Wong; Lai, Kon-Sun - 2006

Engel and Rogers (1996) find that crossing the US-Canada border can considerably raise relative price volatility and that exchange rate fluctuations explain about one-third of the volatility increase. In re-evaluating the border effect, this study shows that cross-country heterogeneity in price...

Persistent link: https://www.econbiz.de/10010274494

Estimating exchange rate exposure over various return horizons : focusing on major countries in East Asia

Lee, Jeong Wook; Ahn, Sunghee; Kang, Sam-mo - In: East Asian economic review 20 (2016) 4, pp. 469-491

In this paper, we estimate the exchange rate exposure, indicating the effect of exchange rate movements on firm values, for a sample of 1,400 firms in seven East Asian countries. The exposure estimates based on various exchange rate variables, return horizons and a control variable are compared....

Persistent link: https://www.econbiz.de/10011765037