Similar Search Results

The Flexible Exchange Rate System : Experience and Alternatives

Dornbusch, Rudiger - 1987

, McKinnon "world monetarism," and a "Hosomi Fund." Two propose enhanced independence: a "Tobin tax" on transactions, and a dual …

Persistent link: https://www.econbiz.de/10012476603

Currency Crashes in Emerging Markets : Empirical Indicators

Frankel, Jeffrey A. - 1996

We use a panel of annual data for over one hundred developing countries from 1971 through 1992 to characterize currency crashes. We define a currency crash as a large change of the nominal exchange rate that is also a substantial increase in the rate of change of nominal depreciation. We examine...

Persistent link: https://www.econbiz.de/10012473427

Estimation of De Facto Flexibility Parameter and Basket Weights in Evolving Exchange Rate Regimes

Frankel, Jeffrey A. - 2009

world data demand a statistical technique that allows parameters and regimes to shift frequently. Accordingly we here take …

Persistent link: https://www.econbiz.de/10012463030

A Survey of Empirical Research on Nominal Exchange Rates

Frankel, Jeffrey A. - 1994

We survey the empirical literature on floating nominal exchange rates over the past decade. Exchange rates are difficult to forecast at short- to medium-term horizons. There is a bit of explanatory power to monetary models such as the Dornbusch 'overshooting' theory, in the form of reaction to...

Persistent link: https://www.econbiz.de/10012474046

The Making of Exchange Rate Policy in the 1980s

Frankel, Jeffrey A. - 1990

This paper, written for an NBER conference on "American Economic Policy in the 1980s," discusses the dollar from the standpoint, not of what moved the exchange rate or what policies might have been better, but rather of why the political system adopted the policies that it did. The first half is...

Persistent link: https://www.econbiz.de/10012475497

A Comparison of Monetary Anchor Options, Including Product Price Targeting, for Commodity-Exporters in Latin America

Frankel, Jeffrey A. - 2010

context is countries in Latin America and the Caribbean (LAC), which tend to be price takers on world markets, to produce … tradable goods than does a CPI target. CPI-targeters such as Brazil, Chile, and Peru respond to increases in world prices of … Price targeter or PEP country would respond to increases in world prices of its commodity exports by appreciation, a …

Persistent link: https://www.econbiz.de/10012462294

Are Bilateral Remittances Countercyclical?

Frankel, Jeffrey A. - 2009

By putting together a relatively large data set on bilateral remittances of emigrants, this paper is able to shed light on the important hypothesis of smoothing. The smoothing hypothesis is that remittances are countercyclical with respect to income in the worker's country of origin (the...

Persistent link: https://www.econbiz.de/10012463230

Liberalized Portfolio Capital Inflows in Emerging Capital Markets : Sterilization, Expectations, and the Incompleteness of Interest Rate Convergence

Frankel, Jeffrey A. - 1995

The paper examines interest rates in nine Latin American and East Asian countries during the period 1987-1994. The goal is to discover why interest rates have remained high, failing to converge to U.S. levels, despite capital market liberalization and a resurgence of portfolio capital inflows...

Persistent link: https://www.econbiz.de/10012473726

Emerging Currency Blocs

Frankel, Jeffrey A. - 1993

Using the gravity model to examine bilateral trade patterns throughout the world. we find clear evidence of trading …

Persistent link: https://www.econbiz.de/10012474624

Monetary Policy in Emerging Markets : A Survey

Frankel, Jeffrey A. - 2010

targets apply even more strongly to developing countries. But because most developing countries are price-takers on world …

Persistent link: https://www.econbiz.de/10012462531