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that although "commodity" and "industrial" EME are heterogeneous, REER volatility tends to be higher among the former. Yet …, REER volatility between emerging and advanced countries does not differ very much, apart from a few EME countries …
Persistent link: https://www.econbiz.de/10012109599
although “commodity” and “industrial” EME are heterogeneous, REER volatility tends to be higher among the former. Yet, REER … volatility between emerging and advanced countries does not differ very much, apart from a few countries. EME that had more …
Persistent link: https://www.econbiz.de/10012861949
Persistent link: https://www.econbiz.de/10012386806
exchange rate regime type (both de jure and de facto) and real exchange rate volatility serving as explanatory variables. The … findings reveal that fixed exchange rate regime and high real exchange rate volatility is promoting the foreign currency …
Persistent link: https://www.econbiz.de/10012242309
This paper tests the hypothesis of ‘commodity currency' on the nuevo sol and, more generally, identifies the drivers of Peru's equilibrium real exchange rate using a cointegration analysis. The results show that export commodity prices do not have a statistically significant impact on Peru's...
Persistent link: https://www.econbiz.de/10013026922
In emerging-market economies, real exchange rate adjustment is critical for maintaining a sustainable current account position and thereby for helping to reduce macroeconomic and financial instability. The authors examine empirically two related hypotheses: (i) that real exchange rate...
Persistent link: https://www.econbiz.de/10009154820
Persistent link: https://www.econbiz.de/10011887878
rate volatility of both the pegged currency/the anchor currency (the US dollar), and the pegged currency/the non …
Persistent link: https://www.econbiz.de/10013150619
in consumption is important to duplicate the exchange rate volatility and exchange rate disconnect documented in the data … volatility while leaving the volatility of real macroeconomic variables, such as GDP, almost untouched. The model predicts the … volatility of the real exchange rate relative to that of GDP increases with the extent of home bias. This relation is strongly …
Persistent link: https://www.econbiz.de/10012707889
The interconnected issues of commodity price fluctuation, unemployment and balance of trade developments are of critical importance in times of globalization. The present paper addresses these issues in terms of a monetary dependent economy macro model that applies to a large class of emerging...
Persistent link: https://www.econbiz.de/10011760559