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Real effective exchange rates for 178 countries: A new database

Darvas, Zsolt - 2012

We use data on exchange rates and consumer price indices and the weighting matrix derived by Bayoumi, Lee and Jaewoo (2006) to calculate consumer price index-based REER. The main novelties of our database are that (1) it includes data for 178 countries - many more than in any other publicly...

Persistent link: https://www.econbiz.de/10010317296

The crisis: Policy lessons and policy challenges

Bénassy-Quéré, Agnès; Coeuré, Benoît; Jacquet, Pierre - 2009

We review the competing explanations of the 2007-2008 global crisis, recall how governments around the world had to …-bail-out world, the trade-off between financial stability and the cost of capital, the feasibility for central banks to manage their …

Persistent link: https://www.econbiz.de/10010317303

Reform of the global financial architecture

Schinasi, Garry J.; Truman, Edwin M. - 2010

This paper examines the implications of the global financial crisis of 2007-10 for reform of the global financial architecture, in particular the International Monetary Fund and the Financial Stability Board and their interaction. These two institutions are not fully comparable, but they must...

Persistent link: https://www.econbiz.de/10010317333

Markov switching regimes in a monetary exchange rate model

Frömmel, Michael; MacDonald, Ronald; Menkhoff, Lukas - 2002

This paper extends the real interest differential (RID) model of Frankel (1979) by introducing Markov regime switches for three exchange rates over the years 1973 - 2000. Evidence of a non-linear relationship between exchange rates and underlying fundamentals is provided. One of the regimes...

Persistent link: https://www.econbiz.de/10010317625