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What explains global exchange rate movements during the financial crisis?

Fratzscher, Marcel - 2009

A striking and unexpected feature of the financial crisis has been the sharp appreciation of the US dollar against virtually all currencies globally. The paper finds that negative US-specific macroeconomic shocks during the crisis have triggered a significant strengthening of the US dollar,...

Persistent link: https://www.econbiz.de/10011605106

Economic linkages, spillovers and the fi nancial crisis.

Bussière, M. - In: Quarterly selection of articles - Bulletin de la Banque … (2010) 18, pp. 75-81

The financial crisis lastingly transformed the global economic environment and raised much debate as to its causes and transmission channels. This conference, organised by the Banque de France, PSE and the IMF, provided an arena to present and discuss these issues.

Persistent link: https://www.econbiz.de/10009274727

Real Exchange Rate Misalignment in China : An Empirical Investigation

Zhang, Zhichao - 2008

and the resulting misalignment in China. Evidence shows chronic overvaluation in China's central planning period, but … to a substantial real depreciation of the Chinese currency after 1981. Indications are that China now has a proactive …

Persistent link: https://www.econbiz.de/10012773735

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

Dimpfl, Thomas - 2019

revaluation of the Chinese currency, the Renminbi (RMB). While the main arguments exchanged in the current discourse appear to …China's trade surplus is often heavily criticized in political and economic debates, accompanied by claims for a … investigating bilateral trade balances between China and 11 of her main trading partners. Being the first to use structural …

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

All Things Considered: The Interaction of the Reasons for the Financial Crisis

Rioja, Abdala; E, Yamile - Volkswirtschaftliche Fakultät, … - 2011

The present paper reviews the causes that led to the financial crisis. Unlike other interpretations, this paper does not place main significance on a single source or on a set of causes. I consider all major standpoints highlighted by research and media prior, during and after the financial...

Persistent link: https://www.econbiz.de/10009294924

Causes of the Financial Crisis: an Assessment Using UK Data

Martin, Christopher; Milas, Costas - Rimini Centre for Economic Analysis (RCEA) - 2009

We present empirical evidence that the marked rise in liquidity in 2001-2007 was due to large and persistent current account deficits and loose monetary policy. If this increase in liquidity was a pre-condition for the financial crisis that began in July 2007, we can conclude that loose monetary...

Persistent link: https://www.econbiz.de/10008520459

Global imbalances, cross-market linkages, and the financial crisis: A multivariate Markov-switching analysis

Chevallier, Julien - In: Economic Modelling 29 (2012) 3, pp. 943-973

Based on multivariate Markov-switching models, this paper presents new results on the interactions between global imbalances, credit spreads, housing markets, macroeconomic variables, commodities and equities during Q1-1987/Q1-2011. We show that rising global imbalances and the uncontrolled...

Persistent link: https://www.econbiz.de/10010573284

Global imbalances, cross-market linkages, and the financial crisis : a multivariate Markov-Switching analysis

Chevallier, Julien - Université Paris-Dauphine (Paris IX) - 2012

Persistent link: https://www.econbiz.de/10010707502

Global Imbalances and the Financial Crisis: Products of Common Causes

Obstfeld, Maurice; Rogoff, Kenneth - C.E.P.R. Discussion Papers - 2009

rate and other economic policies followed by emerging markets such as China contributed to the United States’ ability to …

Persistent link: https://www.econbiz.de/10008557008

Is a Stable Financial System Possible?

Turnbull, Shann - 2019

Three conditions are suggested for establishing a stable financial system: 1. Only digital money is used. 2. The Internet of Things (IoT) uses a sustainable service of nature essential to maintain the well being of the environment and humans in each region of the planet to automatically...

Persistent link: https://www.econbiz.de/10012894728