-varying joint distribution of the Deutsche mark-U.S. dollar and Yen-U.S. dollar exchange rate returns. We find evidence that the … appreciations of the U.S. dollar against the mark and the yen than during depreciations of the U.S. dollar. We also find strong …

. We conclude that except for the periods of extreme volatility experienced in 1995, which were associated with an increase … in uncertainty towards the whole macroeconomic strategy, the volatility of the Mexican peso was similar to that … rates on the exchange rate and its volatility. Finally, we look at the impact of exchange rate changes and foreign interest …

foreign exchange returns are significantly related to realized volatility, which reflects risk attributable to order flow and …

This paper examines the impact of Dollar exchange rate volatility on firm productivity in Emerging Markets economies … volatility reduces firm productivity growth. Exploring channels, its finds that the results are driven by countries with low … impact on firm productivty. Further, exploiting firm level data, the paper shows that dollar exchange rate volatility …

In this paper, we study how the volatility of both realized and expected macroeconomic variables relates to the … variation in exchange rate volatility through the prism of the Great Moderation hypothesis. We find significant heterogeneity in … exchange rate trend volatility across currency pairs despite decreases in the volatility of expected future interest rate …