Showing 81 - 90 of 15,737
This paper reexamines the evidence on the border effect, the finding that the border drives a wedge between domestic and foreign prices. We argue that the border effect can be inflated by the volatility and persistence of the nominal exchange rate and by the cross-country heterogeneity in the...
Persistent link: https://www.econbiz.de/10005710399
Citations for the CBI data can be found in the Daniels and VanHoose paper.
Persistent link: https://www.econbiz.de/10008509343
This paper briefly surveys the development of international finance theories after the 1960s. The important theories reviewed in this paper include: exchange rate dynamics, policy pre-announcement, first-generation currency crises, intertemporal optimizing model, exchange rate target zones,...
Persistent link: https://www.econbiz.de/10008555975
We analyze implications of in.ation persistence for business cycle dynamics following terms of trade and risk-premium shocks in a small open economy, under fixed and flexible exchange rate regimes. We show that the country's adjustment paths are slow and cyclical if there is a signi.cant...
Persistent link: https://www.econbiz.de/10005694998
Our focus in this paper is macroeconomic policy in the countries of Central Europe: The Czech Republic, Hungary, Poland and Slovakia. All four are committed to joining the European Union. Accordingly, their macroeconomic policies need to put them on a credible path towards meeting the entry...
Persistent link: https://www.econbiz.de/10005136687
Persistent link: https://www.econbiz.de/10005357585
Empirical evidence from the Asian financial crisis of 1997-1998 suggests that exchange rate depreciation may have had a contractionary effect on the traded good sector of the worst-hit economies. Many writers have suggested that this was caused by exchange rate sensitive credit constraints...
Persistent link: https://www.econbiz.de/10005178125
This paper explores the dynamic relation between the exports and the gross domestic product from Romania. We employ the Johansen cointegration procedure and the Granger causality test to identify the interactions between the two variables. We find no cointegration but a unidirectional causality...
Persistent link: https://www.econbiz.de/10009647463
This paper examines capital inflow dynamics for varying degrees of financial openness under a Taylor-type rule. The findings show that higher openness generates a more sensitive response in nontradable inflation, and that optimal monetary policy varies with the degree of openness.
Persistent link: https://www.econbiz.de/10010594204
Joining the European Union big opportunities in the international markets have opened for Latvia. Paper purpose is to investigate influence of international integration processes on development of economy of Latvia. In the paper Latvian economic indicators before and after entering the EU are...
Persistent link: https://www.econbiz.de/10009216353