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Effective exchange rates, current accounts and global imbalances
Beckmann, Joscha; Czudaj, Robert - 2016
geldpolitische Schocks in die Analyse mit einzubeziehen. Abschließend werden Wechselkurs- und Leistungsbilanzdynamiken in Form von …
Persistent link: https://www.econbiz.de/10011440876
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Equilibrium exchange rates and misalignments : the case of homogenous emerging countries
Tipoy, Christian K.; Breitenbach, Marthinus C.; … - In: Spoudai : journal of economics and business 66 (2016) 4, pp. 3-25
We compute the exchange rate misalignment for a set of emerging economies between 1980 and 2013 using the behavioural equilibrium exchange rate definition. The real equilibrium exchange rate is constructed using a parsimonious model and estimators that are robust to cross-sectional independence...
Persistent link: https://www.econbiz.de/10011619498
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Energy prices and the real exchange rate of commodity-exporting countries
Dauvin, Magali - 2013
evidence for the existence of "energy currencies". Relying on the estimation of panel smooth transition regression (PSTR …
Persistent link: https://www.econbiz.de/10010225994
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The nexus among competitively valued exchange rates, price level, and growth performance in the Turkish economy : new insight from the global value chains
Shuabiu, Umar Aliyu; Usman, Mohammed A. M.; … - In: Journal of risk and financial management : JRFM 14 (2021) 11, pp. 1-19
annual data from 1980 to 2020 within the framework of the ARDL bound test, Bayer and Hanck Cointegration (BHC) test, and ECM … on foreign value-added inputs by importing only world-class inputs for value addition and exports benefits in the … competitive GVCs world. Furthermore, monetary policy, GVCs, and economic growth should be investigated. …
Persistent link: https://www.econbiz.de/10012795288
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The behaviour of the real effective exchange rate of South Africa : is there a misalignment?
Khomo, Melvin M.; Aziakpono, Meshach Jesse - In: Cogent economics & finance 8 (2020) 1, pp. 1-16
Clark and MacDonald (1998) the study uses a cointegration technique, which caters for endogeneity to estimate the …
Persistent link: https://www.econbiz.de/10012440315
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Nonlinear adjustment, purchasing power parity and the role of nominal exchange rates and prices
Beckmann, Joscha - 2011
; cointegration ; nonlinear vector error correction …
Persistent link: https://www.econbiz.de/10009580305
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The misalignment of real effective exchange rate : evidence from Tunisia
Derbali, Ahmed - 2021
This paper presents an estimation of the Tunisian equilibrium exchange rate based on the Behavioral Equilibrium …
Persistent link: https://www.econbiz.de/10012501404
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Causality between stock prices and exchange rates in Turkey : empirical evidence from the ARDL bounds test and a combined cointegration approach
Türsoy, Turgut - In: International Journal of Financial Studies : open … 5 (2017) 1, pp. 1-10
between the variables. The evidence reveals that there is a strong long-run cointegration. The robustness of the ARDL bounds … test cointegration was confirmed using the newly-developed combined cointegration, which also provided the same evidence …
Persistent link: https://www.econbiz.de/10011649295
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Is the floating exchange rate a shock absorber in Albania? : evidence from SVAR models
Miteza, Ilir; Tanku, Altin; Vika, Ilir - In: Economic change & restructuring 56 (2023) 2, pp. 1297-1326
Persistent link: https://www.econbiz.de/10014252490
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Money Demand Instability and Real Exchange Rate Persistence in the Monetary Model of USD-JPY Exchange Rate
Hunter, John; Menla Ali, Faek - 2014
This paper proposes a hybrid monetary model of the dollar-yen exchange rate that takes into account factors affecting the conventional monetary model’s building blocks. In particular, the hybrid monetary model is based on the incorporation of real stock prices to enhance money demand stability...
Persistent link: https://www.econbiz.de/10014039290