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The effects of political risk on foreign exchange demand : evidence from Zimbabwe

Benedict, Arthur; Mafika, Sithembile; Tutu, Kyei Baffour; … - In: Cogent economics & finance 10 (2022) 1, pp. 1-21

The political climate of any country has become one of the pillars of decision-making for investment and any other financial business. Zimbabwe is one of the countries that have experienced political instability for the longest time. Many studies have looked at the impact of political risk on...

Persistent link: https://www.econbiz.de/10013398090

The RMB's global role as an anchor currency : no evidence

Heimonen, Kari; Rönkkö, Risto - 2024

, euro and yen weights. An increase in financial markets volatility leads developing countries to increase anchor weights of … and yen anchor choices are strongly interlinked. A change in the anchor weight of any of these three currencies results in … the developed countries currencies USD, euro and yen. Heightened geopolitical uncertainty only increases the weights of …

Persistent link: https://www.econbiz.de/10014519200

Investigating intraday interdependence between gold, silver and three major currencies : the euro, British pound and Japanese yen

Papadamou, Stephanos; Markopoulos, Thomas - In: International advances in economic research : IAER ; an … 20 (2014) 4, pp. 399-410

Persistent link: https://www.econbiz.de/10010532659

Exchange return co-movements and volatility spillovers before and after the introduction of euro

Antonakakis, Nikolaos - 2012

Persistent link: https://www.econbiz.de/10009559164

Exchange return co-movements and volatility spillovers before and after the introduction of euro

Antonakakis, Nikolaos - In: Journal of international financial markets, … 22 (2012) 5, pp. 1091-1109

Persistent link: https://www.econbiz.de/10010220182

Interest rate rules, exchange market pressure, and successful exchange rate management

Klaassen, Franc; Mavromatis, Kostas - 2016

Central banks with an exchange rate objective set the interest rate in response to what they call "pressure." Instead, existing interest rate rules rely on the exchange rate minus its target. To stay closer to actual policy, we introduce a rule that uses exchange market pressure (EMP), the...

Persistent link: https://www.econbiz.de/10011479735

The global factor in neutral policy rates : some implications for exchange rates, monetary policy, and policy coordination

Clarida, Richard H. - 2019

This paper highlights some of the theoretical and practical implications for monetary policy and exchange rates that derive specifically from the presence of a global general equilibrium factor embedded in neutral real policy rates in open economies. Using a standard two country DSGE model, we...

Persistent link: https://www.econbiz.de/10012004672

Exchange rates, target zones and international trade : the importance of the policy making framework

Weber, Axel A. - 1993

Stylized empirical facts about the correlation between the volume of international trade and exchange rate variability/uncertainty are at odds with the predictions of the simple open economy model. The present paper argues that this puzzle may be explained by drawing on the recent theoretical...

Persistent link: https://www.econbiz.de/10011615388

Inflation targeting in Colombia, 2002 - 2012

Urrutia, Miguel; Hofstetter Gascón, Marcel; Hamann S., … - 2014

After decades using monetary aggregates as the main instrument of monetary policy and having different varieties of crawling peg exchange rate regimes, Colombia adopted a full-fledged inflation-targeting (IT) regime in 1999, with inflation as the nominal anchor, a floating exchange rate, and the...

Persistent link: https://www.econbiz.de/10011285649

The emergence of the RMB : a "New Normal" for China's exchange rate system?

Kunze, Frederik; Basse, Tobias; Wegener, Christoph; … - 2018

We investigate RMB pricing differentials for onshore and offshore trading. Testing for long memory, we find strong persistence in the pricing differential. Hence, the Chinese FX market in its bipolar structure still lacks basic conditions for perfectly integrated markets.

Persistent link: https://www.econbiz.de/10011847444