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Fiscal Policy and Current Account Dynamics in the Case of Pakistan

Javid, Attiya Y.; Javid, Muhammad; Arif, Umiama - In: The Pakistan Development Review 49 (2010) 4, pp. 577-592

the current account and depreciates the exchange rate. The rise in private savings and the fall in investment contribute …

Persistent link: https://www.econbiz.de/10010548401

EMU impact of on third countries’ exports. A gravity approach

Gómez-Herrera, Estrella Gomez-Herrera; Milgram Baleix, … - Departamento de Teoría e Historia Económica, Facultad … - 2012

In this article we explore the impact of the euro adoption and the effect of the volatility of the real exchange rate on trade both on intra EMU trade and on EMU trade with third countries. To this end, we use a large database covering 93% of world trade that includes 80 countries during the...

Persistent link: https://www.econbiz.de/10010550365

Value-at-Risk Analysis for the Tunisian Foreign Exchange Market: A Comparative Study

REJEB, Aymen BEN; SALHA, Ousama BEN; REJEB, Jaleleddine BEN - In: Theoretical and Applied Economics XVIII(2012) (2012) 5(570), pp. 93-114

The main purpose of this paper is to compare empirically four Value-at-Risk simulation methods, namely, the Variance- Covariance, the Historical Simulation, the Bootstrapping and the Monte Carlo. We tried to estimate the VaR associated to three currencies and four currency portfolios in the...

Persistent link: https://www.econbiz.de/10010550451

An Empirical Study of Exchange Rate Pass-Through in China

Jin, Xiaowen - In: Panoeconomicus 59 (2012) 2, pp. 135-156

NEER causes a decline in the CPI inflation rate of 0.132% and PPI inflation rate of 0.495%. The VAR model supports the … influence on CPI pass through, combined with the fact that appreciation diminishes inflation, suggests that the Chinese …

Persistent link: https://www.econbiz.de/10010550464

New Zealand's Exchange Rate Cycles: Impacts and Policy

Mabin, Gemma - Treasury, Government of New Zealand - 2011

This paper explores the impact of New Zealand’s exchange rate variability on the tradable sector, and policy options for dampening exchange rate variability. It finds that exchange rate variability in the medium term is likely to have a negative impact on the tradable sector. However, the link...

Persistent link: https://www.econbiz.de/10010551917

Exchange Rate, External Orientation of Firms and Wage Adjustment.

Nucci, Francesco; Pozzolo, Alberto Franco - Dipartimento di Economia e Finanza (DEF), Libera … - 2012

We estimate the effect of exchange rate movements on firm-level wages, using a representative panel of manufacturing firms. We show that the direction and size of wage adjustment is shaped by the international exposure of each firm on both the sale and cost side of the balance sheet, similar to...

Persistent link: https://www.econbiz.de/10010552348

Nonlinearity and Fractional Integration in the US Dollar/Euro Exchange Rate

Kıran, Burcu - In: Panoeconomicus 59 (2012) 3, pp. 325-334

This paper examines the nonlinear behavior and the fractional integration property of the US dollar/euro exchange rate over the period fromJanuary 1999 to August 2010 by extending the procedure of Peter M. Robinson (1994) to the case of nonlinearity. First, using the approach developed by Mehmet...

Persistent link: https://www.econbiz.de/10010552627

The Influence of International Parity on the Exchange Rate: Purchasing Power Parity and International Fisher Effect

Mionel, Oana - In: Acta Universitatis Danubius. OEconomica (2012) 1(1), pp. 60-81

This article assesses the impact of the inflation and interest rates on the exchange rates. The analysis tests the … relation between the inflation rate and the exchange rate by applying the Purchasing Power Parity Theory, while the relation … between the interest rate and the inflation rate is tested by applying the International Fisher Effect Theory. In order to …

Persistent link: https://www.econbiz.de/10010553457

Inflation Uncertainty, Exchange Rate Depreciation and Volatility: Evidence from Ghana, Mozambique and Tanzania

Molana, Hassan; Osei-Assibey, Kwame - Scottish Institute for Research in Economics (SIRE) - 2010

has enjoyed a more stable inflation despite all countries adopting similar macro-policies since early 1990s. …

Persistent link: https://www.econbiz.de/10010553657

Currency devaluation with dual labor market : Which perspectives for the Euro Zone ?

Barbier-Gauchard, Amélie; Palma, Francesco De; Diana, … - Bureau d'Économie Théorique et Appliquée (BETA), … - 2012

In this paper, we assume a world of two countries in a fixed exchange rate system. The main difference between the two countries lies in the features of their labor markets. In the home country, we assume the existence of a dual labor market, with formal and informal sectors. In the foreign...

Persistent link: https://www.econbiz.de/10010554292