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Monetary Policy and the Exchange Rate in Colombia
Vargas, Hernando - Banco de la Republica de Colombia
The role of the exchange rate and the exchange rate regime in the monetary policy decision-making process in Colombia is described. The rationale for the intervention of the Central Bank in the FX market is explained and the experience in this regard is reviewed. Special attention is given to...
Persistent link: https://www.econbiz.de/10009021428
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A Reappraisal of the Border Effect on Relative Price Volatility
Cheung, Yin-wong; Lai, Kon S. - Hong Kong Institute for Monetary Research (HKIMR), … - 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 reevaluating the border effect, this study shows that cross-country heterogeneity in price...
Persistent link: https://www.econbiz.de/10005558164
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A Multiple-Horizon Search for the Role of Trade and Financial Factors in Bilateral Real Exchange Rate Volatility
Cheung, Yin-Wong; Lai, Kon S. - In: Journal of Economics and Management 5 (2009) 2, pp. 187-218
This study investigates the sources of bilateral real exchange rate (RER) volatility in industrial countries. Going beyond traditional macroeconomic determinants, we identify the role of both trade- and finance-related factors in explaining RER volatility at different time horizons. The results...
Persistent link: https://www.econbiz.de/10008555969
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Exchange rate volatility and disaggregated manufacturing exports: Evidence from an emerging country
Zhang, Zhaoyong - In: Journal of Risk and Financial Management 12 (2019) 1, pp. 1-25
. The findings confirm that a strategy that depreciates Vietnam's currency appears to enhance manufacturing exports in the …
Persistent link: https://www.econbiz.de/10012611082
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The impact of exchange rate volatility on trade: Evidence for the Czech Republic
Babecká Kucharčuková, Oxana - 2014
This paper aims to quantify the impact of nominal exchange rate volatility on nominal trade flows with a particular focus on the Czech Republic. The paper shows that the magnitude of the impact differs when a dynamic model is used instead of static model.
Persistent link: https://www.econbiz.de/10010420208
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Intra-Asia Exchange Rate Volatility and Intra-Asia Trade: Evidence by Type of Goods
Tang, Hsiao Chink - 2011
exchange rate volatility increases, intraregional exports in these goods fall. This adverse impact is even more pronounced in … equipment exports. Again, the impact magnifies in an even smaller sub-group excluding the smaller ASEAN economies. These results …, exchange rate volatility appears to have a positive impact on exports. Still, caution is warranted given that South Asian …
Persistent link: https://www.econbiz.de/10010507518
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Effect of Exchange Rate Volatility on Tax Revenue Performance in Sub-Saharan Africa
Ofori, Isaac Kwesi; Obeng, Camara Kwasi; Mwinlaaru, … - 2021
Efforts to spur growth in sub-Sahara Africa have been intensified amid structural and institutional constraints. Tax revenue, the chief source of funding for developmental purposes in SSA remains low and unstable. In fact, the SSA sub-region finds it difficult generating tax revenue up to 20 per...
Persistent link: https://www.econbiz.de/10012512950
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Relative Real Exchange-Rate Volatility, Multi-Destination Firms and Trade: Micro Evidence and Aggregate Implications
Héricourt, Jérôme; Nedoncelle, Clément - Centre d'études prospectives et d'informations … - 2015
exports away from destinations characterized by higher, relative RER volatility, and are even more prone to do so when the … handle exchange rate risks, with significant implications for exports at the macro level: a very simple empirical exercise … shows that aggregate exports would have been 6.6% larger if all firms had been able to reallocate exports across …
Persistent link: https://www.econbiz.de/10011213746
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Intra-Asia Exchange Rate Volatility and Intra-Asia Trade: Evidence by Type of Goods
Tang, Hsiao Chink - Office of Regional Economic Integration, Asian … - 2011
exchange rate volatility increases, intraregional exports in these goods fall. This adverse impact is even more pronounced in … equipment exports. Again, the impact magnifies in an even smaller sub-group excluding the smaller ASEAN economies. These results …, exchange rate volatility appears to have a positive impact on exports. Still, caution is warranted given that South Asian …
Persistent link: https://www.econbiz.de/10009392978
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The impact of exchange rate volatility on trade: Evidence for the Czech Republic
Kucharcukova, Oxana Babecka - Institut ekonomických studií, Univerzita Karlova v Praze - 2014
This paper aims to quantify the impact of nominal exchange rate volatility on nominal trade flows with a particular focus on the Czech Republic. The paper shows that the magnitude of the impact differs when a dynamic model is used instead of static model.
Persistent link: https://www.econbiz.de/10010762650