Similar Search Results

Currency Intervention : A Case Study of an Emerging Market

Fry, Renee - 2012

Using a unique dataset on daily foreign exchange intervention and a new methodological framework of a latent factor model of central bank intervention, this paper addresses the effects of intervention in an emerging market. Events in financial markets from 2002 to 2010 provide a natural...

Persistent link: https://www.econbiz.de/10013104448

International Reserves for Emerging Economies : A Liquidity Approach

Jung, Kuk Mo - 2016

The massive stocks of foreign exchange reserves, mostly held in the form of U.S. T-bonds by emerging economies, are still an important puzzle. Why do emerging economies continue to willingly loan to the United States despite the low rates of return? We suggest that a dynamic general equilibrium...

Persistent link: https://www.econbiz.de/10012991532

Evolution of the Czech National Bank's Holdings of Foreign Exchange Reserves

Skorepa, Michal - 2014

A central bank may decide to conduct foreign exchange interventions when it concludes that the exchange rate level without such interventions would be insufficiently strong. A by-product of such interventions will then be a build-up of official foreign exchange (FX) reserves. A case in point is...

Persistent link: https://www.econbiz.de/10013046953

External Adjustment in a Resource-Rich Economy : The Case of Papua New Guinea

Nakatani, Ryota - 2018

How should resource-rich economies handle the balance of payments adjustment required aftercommodity price declines? This paper addresses the question theoretically by developing asimple two-period multi-sector model based on Nakatani (2016) to compare different exchangerate policies, and...

Persistent link: https://www.econbiz.de/10012929941

Pegxit pressure : evidence from the classical gold standard

Mitchener, Kris; Pina, Gonçalo - 2016

We develop a simple model that highlights the costs and benefits of fixed exchange rates as they relate to trade, and show that negative export-price shocks reduce fiscal revenue and increase the likelihood of an expected currency devaluation. Using a new high-frequency data set on...

Persistent link: https://www.econbiz.de/10011568741

Pegxit Pressure : Evidence from the Classical Gold Standard

Mitchener, Kris James - 2017

Persistent link: https://www.econbiz.de/10012965714

The tempest : natural disasters, early shocks and children's short- and long-run development

Deuchert, Eva; Felfe, Christina - 2013 - This draft: February, 2013

indicates that the main underlying channel is a shock on families' wealth. -- child development ; natural disaster ; wealth … and education of a specific shock: housing damages caused by a super typhoon. Our results reveal negative effects on … shock …

Persistent link: https://www.econbiz.de/10009722391

The Tempest : Natural Disasters, Early Shocks and Children's Short- and Long-Run Development

Deuchert, Eva - 2013

and education of a specific shock: housing damages caused by a super typhoon. Our results reveal negative effects on … indicates that the main underlying channel is a shock on families' wealth …

Persistent link: https://www.econbiz.de/10013083878

Adaptation to Rare Natural Disasters and Global Sensitivity Analysis in a Dynamic Stochastic Economy

Usui, Takafumi - 2019

This paper aims to investigate rare natural disasters and studies adaptation decisions in a dynamic stochastic economy … non-productive but alleviates the damage caused by a rare natural disaster. We present a modeling way to include uncertain … rare natural disasters in discrete time and solve the model by using the time iteration collocation with the adaptive …

Persistent link: https://www.econbiz.de/10012861982

Shedding light on the spatial diffusion of disasters

Felbermayr, Gabriel; Gröschl, Jasmin Katrin; Sanders, Mark - 2018

Climate research suggests that global warming will lead to more frequent and more extreme natural disasters. Most … disasters are local events with effects on local economic activity. Hence, assessing their economic impacts with the help of …

Persistent link: https://www.econbiz.de/10011872945