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Persistent link: https://www.econbiz.de/10009673827
Although the link between oil prices and dollar exchange rates has been frequently analyzed, a clear distinction between prices and nominal exchange rate dynamics and a clarification of the issue of causality has not been provided. In addition, previous studies have mostly neglected...
Persistent link: https://www.econbiz.de/10009771139
China's trade surplus is often heavily criticized in political and economic debates, accompanied by claims for a revaluation of the Chinese currency, the Renminbi (RMB). While the main arguments exchanged in the current discourse appear to become more and more emotionally loaded rather than...
Persistent link: https://www.econbiz.de/10012899706
This study researches the effects of changes in the exchange rate on the trade balance after the transition to the floating exchange rate in the Turkish economy. For this purpose, ARDL and ECM models have been developed by using quarterly data from 2003 through 2018. The starting point of the...
Persistent link: https://www.econbiz.de/10012210658
Yuan real effective exchange rate misalignment is esitimated in a behavioral equilibrium exchange rate (BEER) model for the period 1997 to third quarter 2007. Using the Beveridge-Nelson decomposition a vector error correction model (VECM) of the exchange rate as a function of macroeconomic...
Persistent link: https://www.econbiz.de/10008529011
Consumption is positively correlated with disposable income, due to higher oil prices a fall in disposable income will decreases consumption and production and adverse impact on growth. If investment decisions are concerned increase in oil prices will increase cost of production and lowers...
Persistent link: https://www.econbiz.de/10011166976
Affect of increase and decrease in balance of trade is observed in determination of balance of payments of country. Balance of payment and exchange rate has significant relationship with each other. This research investigates that the determinants of trade i.e. Import, export, industrial growth,...
Persistent link: https://www.econbiz.de/10011166979
While the issue of RMB (Renminbi, Chinese Yuan) revaluation became the focus of world attention in 2003, the reform of the RMB exchange rate regime in 2005 didn't fundamentally solve the RMB appreciation problem, and even in 2008 the global financial crisis made RMB appreciation face new...
Persistent link: https://www.econbiz.de/10013007250
Yuan real effective exchange rate misalignment is estimated in a behavioral equilibrium exchange rate (BEER) model for the period 1997 to third quarter 2007. Using the Beveridge-Nelson decomposition a vector error correction model (VECM) of the exchange rate as a function of macroeconomic...
Persistent link: https://www.econbiz.de/10012720064
Objective of this study is to estimate the impact of real exchange rate depreciation on balance of trade in Pakistan …. The study examines validity of the Marshall Lerner condition in Pakistan data (1970-2008) by using impulse response …
Persistent link: https://www.econbiz.de/10013137656