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significant increase in the exchange rate and its volatility in recent years. Hence, the empirical examination of the volatility-export … volatility plays quite important role for Turkey's export, (ii) asymmetry matters for better understanding the volatility-export … on capital and consumption goods export. Lastly, exchange rate volatility affects exports in opposite directions in the …
Persistent link: https://www.econbiz.de/10013269374
-integration models ARDL and VECM, while for the cases of absence of a common stochastic trend the short-term coefficients are obtained … through VAR models. At the end, short and long-term ARDL estimates are also made with variables that present a different order … income and the price index are always significant except for Peru. The variables of real exchange rate and volatility are …
Persistent link: https://www.econbiz.de/10014494412
-integration models ARDL and VECM, while for the cases of absence of a common stochastic trend the short-term coefficients are obtained … through VAR models. At the end, short and long-term ARDL estimates are also made with variables that present a different order … income and the price index are always significant except for Peru. The variables of real exchange rate and volatility are …
Persistent link: https://www.econbiz.de/10013488585
We argue that a transaction tax is likely to amplify, not dampen, volatility in the foreign exchange markets … disproportionately, leading to increased volatility.Empirical support for this prediction is found by investigating the effect of … transaction costs on the volatility of DEM/USD and JPY/USD returns. High-frequency data are used and an increase in transaction …
Persistent link: https://www.econbiz.de/10012147967
We argue that a transaction tax is likely to amplify, not dampen, volatility in the foreign exchange mar-kets. Our … trades disproportionately, leading to increased volatil-ity. Empirical support for this prediction is found by investigating … the effect of transaction costs on the volatility of DEM/USD and JPY/USD returns. High-frequency data are used and an …
Persistent link: https://www.econbiz.de/10005423683
We argue that a transaction tax is likely to amplify, not dampen, volatility in the foreign exchange markets. Our … trades disproportionately, leading to increased volatility. Empirical support for this prediction is found by investigating … the effect of transaction costs on the volatility of DEM/USD and JPY/USD returns. High-frequency data are used and an …
Persistent link: https://www.econbiz.de/10005744342
significant increase in the exchange rate and its volatility in recent years. Hence, the empirical examination of the volatility-export … volatility plays quite important role for Turkey's export, (ii) asymmetry matters for better understanding the volatility-export … on capital and consumption goods export. Lastly, exchange rate volatility affects exports in opposite directions in the …
Persistent link: https://www.econbiz.de/10014547752
In this paper, we challenge the traditional assumption of a linear relationship between exchange rate volatility and … volatility positively and significantly influences economic growth when growth in government spending is below 6 percent. Above … this 6 percent threshold, volatility exerts an insignificant effect on economic growth. In light of the adoption of a free …
Persistent link: https://www.econbiz.de/10011870188
In this paper, we challenge the traditional assumption of a linear relationship between exchange rate volatility and … volatility positively and significantly influences economic growth when growth in government spending is below 6 percent. Above … this 6 percent threshold, volatility exerts an insignificant effect on economic growth. In light of the adoption of a free …
Persistent link: https://www.econbiz.de/10012157206
We investigate the likely sources of exchange rate dynamics in selected member countries of the Commonwealth of Independent States (CIS; Russia, Kazakhstan, Ukraine, Kyrgyzstan, Azerbaijan, and Moldova) over the past decade (1999-2010). Evidence is based on country VARs augmented by a regional...
Persistent link: https://www.econbiz.de/10011518862