EconBiz - Find Economic Literature
    • Logout
    • Change account settings
  • A-Z
  • Beta
  • About EconBiz
  • News
  • Thesaurus (STW)
  • Academic Skills
  • Help
  •  My account 
    • Logout
    • Change account settings
  • Login
EconBiz - Find Economic Literature
Publications Events
Search options
Advanced Search history
My EconBiz
Favorites Loans Reservations Fines
    You are here:
  • Home
  • Search: subject_exact:"Exchange rate theory"
Narrow search

Narrow search

Year of publication
Subject
All
Wechselkurstheorie 1,745 Exchange rate theory 1,683 Wechselkurs 812 Theorie 777 Theory 771 Exchange rate 761 Kaufkraftparität 390 Purchasing power parity 389 Schätzung 252 Estimation 250 Wechselkurspolitik 221 Exchange rate policy 204 Welt 161 World 161 Volatilität 133 Volatility 131 USA 130 United States 129 Devisenmarkt 112 Foreign exchange market 108 Offene Volkswirtschaft 98 Open economy 95 US-Dollar 94 US dollar 87 Forecasting model 86 Prognoseverfahren 86 Erwartungsbildung 83 Expectation formation 82 Außenwirtschaftstheorie 79 Zinsparität 77 Interest rate parity 76 International economics 76 Internationales Währungssystem 72 Deutschland 70 Germany 66 Geldpolitik 64 Monetäre Wechselkurstheorie 61 Flexibler Wechselkurs 60 Currency speculation 59 Monetary policy 59
more ... less ...
Online availability
All
Free 462 Undetermined 149 CC license 8
Type of publication
All
Book / Working Paper 1,115 Article 642 Journal 4 Other 1
Type of publication (narrower categories)
All
Article in journal 514 Aufsatz in Zeitschrift 514 Graue Literatur 398 Non-commercial literature 398 Arbeitspapier 393 Working Paper 393 Hochschulschrift 131 Thesis 108 Aufsatz im Buch 98 Book section 98 Lehrbuch 83 Textbook 74 Bibliografie enthalten 43 Bibliography included 43 Collection of articles of several authors 27 Sammelwerk 27 Collection of articles written by one author 21 Sammlung 21 Systematic review 19 Übersichtsarbeit 19 Dissertation u.a. Prüfungsschriften 17 Aufsatzsammlung 14 Rezension 13 Konferenzschrift 11 Glossar enthalten 7 Glossary included 7 Conference proceedings 6 Amtsdruckschrift 4 Einführung 4 Government document 4 Reprint 4 Bibliografie 3 Forschungsbericht 3 Mehrbändiges Werk 3 Multi-volume publication 3 Conference paper 2 Konferenzbeitrag 2 Accompanied by computer file 1 Article 1 Biografie 1
more ... less ...
Language
All
English 1,480 German 181 French 43 Spanish 14 Italian 13 Undetermined 13 Portuguese 7 Hungarian 3 Russian 3 Czech 2 Norwegian 2 Polish 2 Danish 1
more ... less ...
Author
All
MacDonald, Ronald 52 Obstfeld, Maurice 36 Sarno, Lucio 33 De Grauwe, Paul 31 Engel, Charles 27 Taylor, Mark P. 23 Krugman, Paul R. 22 Égert, Balázs 21 Chinn, Menzie David 19 Cheung, Yin-Wong 18 Evans, Martin D. D. 14 Frankel, Jeffrey A. 14 Grimaldi, Marianna 14 Itskhoki, Oleg 13 Mukhin, Dmitry 13 Stockman, Alan C. 13 Gandolfo, Giancarlo 12 Garcia Pascual, Antonio 12 Isard, Peter 12 Harvey, John Terence 11 Menkhoff, Lukas 11 Westerhoff, Frank H. 11 Federici, Daniela 10 Froot, Kenneth 10 Ramadorai, Tarun 10 Rogoff, Kenneth S. 10 Bacchetta, Philippe 9 Ca'Zorzi, Michele 9 Duarte, Margarida 9 Fidrmuc, Jarko 9 Fratzscher, Marcel 9 Frenkel, Jacob A. 9 Gourinchas, Pierre-Olivier 9 Halpern, László 9 Lustig, Hanno 9 Lyons, Richard K. 9 Rubaszek, Michał 9 Shintani, Mototsugu 9 Tornell, Aaron 9 Van Wincoop, Eric 9
more ... less ...
Institution
All
National Bureau of Economic Research 64 International Monetary Fund (IMF) 11 International Monetary Fund 5 Centro de Estudios Monetarios Latinoamericanos <México> 4 Internationaler Währungsfonds / Research Department 4 Christian-Albrechts-Universität zu Kiel / Institut für Weltwirtschaft 3 Springer-Verlag GmbH 3 Université de Genève / Institut de hautes études internationales 3 William Davidson Institute <Ann Arbor, Mich.> 3 Centre for Quantitative Economics & Computing 2 Ekonomiska forskningsinstitutet <Stockholm> 2 Institute for International Economics 2 Australian National University / Centre for Economic Policy Research 1 Bank for International Settlements 1 Bank für Internationalen Zahlungsausgleich / Währungs- und Wirtschaftsabteilung 1 Carnegie Rochester Conference on Public Policy <2004, 4, Rochester, NY> 1 Center for Economic Research <Tilburg> 1 Center for Nonlinear Dynamics in Economics and Finance (CeNDEF), Faculteit Economie en Bedrijfskunde 1 Centre d'Etudes Prospectives d'Economie Mathématique Appliquées à la Planification <Paris> 1 Danmarks Nationalbank 1 Edward Elgar Publishing 1 Egon Sohmen Foundation 1 Federal Reserve Bank of San Francisco / Center for Pacific Basin Monetary and Economic Studies 1 Georgetown University / Economics Department 1 Hamburgisches Welt-Wirtschafts-Archiv 1 Institut für Wirtschaftsstudien 1 Institut für Wirtschaftsstudien / Wissenschaftlicher Beirat 1 Institut für Wirtschaftswissenschaften <Wien> 1 International Seminar on Macroeconomics <32, 2009, Nikosia> 1 Internationaler Währungsfonds / Monetary and Exchange Affairs Department 1 Mohr Siebeck GmbH & Co. KG 1 Monetary and Economic Department 1 OECD 1 Pearson Studium 1 Society for Computational Economics - SCE 1 Springer Fachmedien Wiesbaden 1 Springer-Verlag 1 Svenska Handelshögskolan <Helsinki> 1 Universitetet i Oslo / Økonomisk institutt 1 University of California Berkeley / Center for International and Development Economics Research 1
more ... less ...
Published in...
All
NBER working paper series 62 Working paper / National Bureau of Economic Research, Inc. 49 NBER Working Paper 45 Journal of international money and finance 29 Europäische Hochschulschriften / 5 26 IMF working papers 21 Discussion paper / Centre for Economic Policy Research 19 IMF working paper 15 CESifo working papers 14 Discussion papers / CEPR 13 Journal of international economics 11 Journal of post-Keynesian economics : JPKE 10 The international library of critical writings in economics 9 IMF Working Papers 8 Journal of monetary economics 8 Journal of money, credit and banking : JMCB 8 Revue économique : revue bimestrielle 8 The economic journal : the journal of the Royal Economic Society 8 Volkswirtschaftliche Schriften 8 An Elgar reference collection 7 Bank of Finland research discussion papers 7 Exchange rates and macroeconomic dynamics 7 International economic review 7 International journal of economics and financial issues : IJEFI 7 Journal of economic dynamics & control 7 Open economies review 7 Review of international economics 7 SpringerLink / Bücher 7 Working paper 7 Applied economics 6 CESifo working papers : the international platform of Ludwig-Maximilians University's Center for Economic Studies and the Ifo Institute 6 ECB Working Paper 6 Economic modelling 6 Economics letters 6 European economic review : EER 6 International economics : a journal published by CEPII (Center for research and expertise on the world economy) 6 Journal of international financial markets, institutions & money 6 Research paper series / Swiss Finance Institute 6 William Davidson Institute working papers series 6 Working paper series / European Central Bank 6
more ... less ...
Source
All
ECONIS (ZBW) 1,720 USB Cologne (EcoSocSci) 25 RePEc 15 BASE 1 EconStor 1
Showing 1 - 50 of 1,762
Cover Image
Connecting exchange rates to fundamentals under indeterminacy
Fujiwara, Ippei; Hirose, Yasuo - 2024
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015168386
Saved in:
Cover Image
A currency premium puzzle
Hassan, Tarek A.; Mertens, Thomas; Wang, Jingye - 2024
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015083679
Saved in:
Cover Image
Exchange policy and misalignments in Morocco : a quantitative analysis
Pouya, Pascal; Karim, Mohamed; Arbia, Anass; El Yazidi, … - In: International journal of economics and financial issues … 14 (2024) 4, pp. 9-17
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014631820
Saved in:
Cover Image
An intermediation-based model of exchange rates
Malamud, Semyon; Schrimpf, Andreas; Zhang, Yuan - 2024 - This version: January 9, 2024
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014483273
Saved in:
Cover Image
On the Pass-Through of Large Devaluations
Casacuberta, Carlos; Licandro, Omar - 2023
In 2002 Uruguay faced a sudden stop of international capital flows, inducing a deep financial crisis and a large devaluation of the peso. The real exchange rate depreciated and exports expanded. Paradoxically, export shares and real exchange rates negatively correlate among Uruguayan exporters...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014357036
Saved in:
Cover Image
Exchange rate (mis-) alignment : an application of the behavioural equilibrium exchange rate (beer) approach to Zimbabwe (1990-2018)
Pasara, Michael Takudzwa; Mugwira, Vincent - In: International journal of economics and financial issues … 13 (2023) 5, pp. 128-141
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014417927
Saved in:
Cover Image
On the pass-through of large devaluations
Casacuberta, Carlos; Licandro, Omar - 2023
In 2002 Uruguay faced a sudden stop of international capital flows, inducing a deep financial crisis and a large devaluation of the peso. The real exchange rate depreciated and exports expanded. Paradoxically, export shares and real exchange rates negatively correlate among Uruguayan exporters...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014261323
Saved in:
Cover Image
Exchange rates and macroeconomic fundamentals : evidence of instabilities from time-varying factor loadings
Hillebrand, Eric; Mikkelsen, Jakob Guldbæk; Spreng, Lars; … - 2023
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014284145
Saved in:
Cover Image
The purchasing power parity and exchange-rate economics half a century on
Long Hai Vo; Duc Hong Vo - In: Journal of economic surveys 37 (2023) 2, pp. 446-479
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014287851
Saved in:
Cover Image
On the pass-through of large devaluations
Casacuberta, Carlos; Licandro, Omar - 2023
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014253367
Saved in:
Cover Image
Dollar shortages, CIP deviations, and the safe haven role of the dollar
Bacchetta, Philippe; Davis, Scott; Van Wincoop, Eric - 2023
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014483257
Saved in:
Cover Image
Currency Risk Premiums : A Multi-Horizon Perspective
Chernov, Mikhail; Dahlquist, Magnus - 2023
We review the literature on multi-horizon currency risk premiums. We show how the multi-horizon implications arise from the classic present-value relationship. We further show how these implications manifest themselves in the interaction between bond and currency risk premiums. This link is...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014349903
Saved in:
Cover Image
A post-Keynesian framework for exchange rate equilibrium : simulations for the Brazilian economy
Barbosa, Lúcio Otávio Seixas; Alencar, Douglas Alcântara - In: Review of political economy 37 (2025) 1, pp. 53-71
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015193617
Saved in:
Cover Image
Mussa puzzle redux
Itskhoki, Oleg; Mukhin, Dmitry - In: Econometrica : journal of the Econometric Society, an … 93 (2025) 1, pp. 1-39
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015401136
Saved in:
Cover Image
The Determination of the Exchange Rate : A New-Developmental Approach
Bresser-Pereira, Luiz Carlos; Feijo, Carmem; Araújo, Eliane - 2022
This paper discusses the long-term determination of the exchange rate, given that it may remain depreciated or overvalued for some time. It defines the equilibrium exchange rate and the competitive exchange rate; the latter makes investment projects competitive internationally. Instead of...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014077759
Saved in:
Cover Image
The Factor Structure of Exchange Rates Volatility : Global and Intermittent Factors
Caporin, Massimiliano; Rodríguez-Caballero, Carlos Vladimir - 2022
We propose a multi-level dynamic factor model to represent the commonalities in the hourly evolution of realized volatilities of several exchange rates. The model assumes a global factor active during the twenty-four hours of the day, plus four intermittent factors, associated with markets...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014237805
Saved in:
Cover Image
Boosting Carry with Equilibrium Exchange Rate Estimates
Rubaszek, Michał; Beckmann, Joscha; Ca'Zorzi, Michele; … - 2022
We build currency portfolios based on the paradigm that exchange rates slowly converge to their equilibrium to highlight three results. First, this property can be exploited to build profitable portfolios. Second, the slow pace of convergence at short-horizons is consistent with the evidence of...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014239531
Saved in:
Cover Image
The Global Factor Structure of Exchange Rates
Korsaye, Sofonias Alemu; Trojani, Fabio; Vedolin, Andrea - 2022
We provide a model-free framework to study the global factor structure of exchange rates. To this end, we propose a new methodology to estimate international stochastic discount factors (SDFs) that jointly price cross-sections of international assets, such as stocks, bonds, and currencies, in...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014239809
Saved in:
Cover Image
Exchange Rate Dynamics and the Overshooting Hypothesis
Frenkel, Jacob A.; Rodriquez, Carlos - 2022
In this paper we analyze the determinants of the evolution of ex- change rates within the context of alternative models of exchange rate dynamics. We examine the overshooting hypothesis in models which emphasize differential speeds of adjustment in asset and goods markets as well as in models...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013324489
Saved in:
Cover Image
A Survey of Empirical Research on Nominal Exchange Rates
Frankel, Jeffrey A.; Rose, Andrew - 2022
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, ebvufind01.dmz1.zbw.eu/10013324011
Saved in:
Cover Image
Exchange Rates in the 1920'S : A Monetary Approach
Frenkel, Jacob A.; Clements, Kenneth W. - 2022
Current views about flexible exchange rate systems are based, to a large extent, on the lessons from the period of the 1920's during which many exchange rates were flexible. This paper re-examines the evidence from the perspective of the recently revived monetary approach (or more generally,...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013324032
Saved in:
Cover Image
Expectations and Exchange Rate Policy
Devereux, Michael B.; Engel, Charles - 2022
Both empirical evidence and theoretical discussion has long emphasized the impact of 'news' on exchange rates. In most exchange rate models, the exchange rate acts as an asset price, and as such responds to news about future returns on assets. But the exchange rate also plays a role in...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013292001
Saved in:
Cover Image
Empirical Studies of Exchange Rates : Price Behavior, Rate Determinationand Market Efficiency
Levich, Richard M. - 2022
Theoretical and empirical research completed over the last decade has dramatically increased our understanding of exchange rate behavior. The major insight to come from this decade of research is that foreign exchange is a financial asset. In an asset pricing framework, current exchange rates...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013308368
Saved in:
Cover Image
Forecasting the U.S. Dollar in the 21st Century
Engel, Charles; Wu, Steve Pak Yeung - 2022
We find that the level of the exchange rate appears to have strong forecasting power for dollar exchange rates against major currencies post-2000 at medium and long horizons in-sample and out-of-sample, using conventional asymptotic statistics correcting for serial correlation biases and...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013308945
Saved in:
Cover Image
Boosting carry with equilibrium exchange rate estimates
Rubaszek, Michał; Beckmann, Joscha; Ca'Zorzi, Michele; … - 2022
We build currency portfolios based on the paradigm that exchange rates slowly converge to their equilibrium to highlight three results. First, this property can be exploited to build profitable portfolios. Second, the slow pace of convergence at short-horizons is consistent with the evidence of...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013375145
Saved in:
Cover Image
Sanctions and the exchange rate
Itskhoki, Oleg; Mukhin, Dmitry - In: Intereconomics : review of European economic policy 57 (2022) 3, pp. 148-151
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013252702
Saved in:
Cover Image
Sanctions and the Exchange Rate
Itskhoki, Oleg; Mukhin, Dmitry - National Bureau of Economic Research - 2022
We show that the exchange rate may appreciate or depreciate depending on the specific mix of sanctions imposed, even if the underlying equilibrium allocation is the same. Sanctions that limit a country's imports tend to appreciate the country's exchange rate, while sanctions that limit exports...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013191103
Saved in:
Cover Image
Sanctions and the exchange rate
Itskhoki, Oleg; Mukhin, Dmitry - 2022
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013191764
Saved in:
Cover Image
Milton Friedman and Exchange Rates in Developing Countries
Edwards, Sebastian - 2022
Milton Friedman’s famous 1953 essay, “The case for flexible exchange rates,” deals entirely with advanced nations. An interesting question is what Friedman thought about exchange rate and monetary regimes in emerging economies. In this paper I investigate how his views on the subject...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014091407
Saved in:
Cover Image
Real equilibrium exchange rate in Colombia: thousands of VEC models approach
Salazar-Díaz, Andrea; Garavito-Acosta, Aarón Levi; … - 2022
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014227276
Saved in:
Cover Image
How well do contemporary theories explain floating exchange rate changes in an emerging economy : the case of EUR/PLN
Burda, Adrian Marek - In: Economies : open access journal 10 (2022) 11, pp. 1-20
The purpose of this paper is to investigate how well contemporary exchange rate theories explain fluctuations in exchange rates of emerging economies, before and after the Global Financial Crisis (GFC). As an example, the EUR/PLN exchange rate in 1999-2015 was selected as the currency pair that...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013499456
Saved in:
Cover Image
Connecting exchange rates to fundamentals under indeterminacy
Fujiwara, Ippei; Hirose, Yasuo - 2024
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015203566
Saved in:
Cover Image
International economics
Pugel, Thomas A. - 2024 - Eighteenth edition, international student edition
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014250083
Saved in:
Cover Image
Investor attention to news on financial integration and currency returns
Filippou, Ilias; Nguyen, My; Taylor, Mark P. - In: Handbook of financial integration, (pp. 57-73). 2024
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015076121
Saved in:
Cover Image
The young Robert Triffin’s criticism of purchasing power parity theory
Maes, Ivo; Pasotti, Ilaria - In: Revue d'histoire de la pensée économique (2024) 1, pp. 187-216
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015085243
Saved in:
Cover Image
Do received remittances cause Dutch disease in developed and developing countries?
Al-Shubiri, Faris Nasif; Fekir, Samia; Chikhi, Billal - In: Journal of economic studies 51 (2024) 7, pp. 1373-1392
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015052179
Saved in:
Cover Image
Understanding Korea's Long-Run Real Exchange Rate Behavior
Irwin, Douglas A.; Obstfeld, Maurice - National Bureau of Economic Research - 2024
Korea's real exchange rate has displayed a mild downward trend since the 1980s, with fluctuations of ±20 percent around that trend. This pattern is surprising because the classic Harrod-Balassa-Samuelson framework suggests that countries experiencing rapid growth in the productivity of their...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015056095
Saved in:
Cover Image
Exchange Rate Models are Better than You Think, and Why They Didn't Work in the Old Days
Engel, Charles; Wu, Steve P. Y. - National Bureau of Economic Research - 2024
Exchange-rate models fit very well for the U.S. dollar in the 21st century. A "standard" model that includes real interest rates and a measure of expected inflation for the U.S. and the foreign country, the U.S. comprehensive trade balance, and measures of global risk and liquidity demand is...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015056131
Saved in:
Cover Image
Exchange Rate Determination under Limits to CIP Arbitrage
Bacchetta, Philippe; Davis, Scott; Van Wincoop, Eric - National Bureau of Economic Research - 2024
Recent theories of exchange rate determination have emphasized limited UIP arbitrage by international financial institutions. New regulations since 2008 have also lead to imperfect CIP arbitrage. We show that under limited CIP arbitrage the exchange rate and CIP deviation are jointly determined...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015056203
Saved in:
Cover Image
Axelle Ferriere discussion of: Sanctions and the exchange rate
Ferriere, Axelle - In: Economic policy 39 (2024) 118, pp. 355-358
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014634068
Saved in:
Cover Image
Exchange Rates, Natural Rates, and the Price of Risk
Kekre, Rohan; Lenel, Moritz - National Bureau of Economic Research - 2024
We study the source of exchange rate fluctuations using a general equilibrium model accommodating shocks in goods and financial markets. These shocks differ in their induced comovements between exchange rates, interest rates, and quantities. A calibration matching data from the U.S. and G10...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015072917
Saved in:
Cover Image
Exchange Rate Disconnect Revisited
Chahrour, Ryan; Cormun, Vito; De Leo, Pierre; … - National Bureau of Economic Research - 2024
We find that variation in expected U.S. productivity explains over half of U.S. dollar/G7 exchange rate fluctuations. Both correctly-anticipated changes in productivity and expectational noise, which influences the expectation of productivity but not its eventual realization, have large effects....
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014576625
Saved in:
Cover Image
Exchange rate models are better than you think, and why they didn't work in the old days
Engel, Charles; Wu, Steve Pak Yeung - 2024
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015049275
Saved in:
Cover Image
Convenience Yields and Exchange Rate Puzzles
Jiang, Zhengyang; Krishnamurthy, Arvind; Lustig, Hanno; … - National Bureau of Economic Research - 2024
We introduce safe asset demand for dollar-denominated bonds into a tractable incomplete-market model of exchange rates. The convenience yield on dollar bonds enters as a stochastic wedge in the Euler equations for exchange rate determination. This wedge reduces the pass-through from marginal...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014468291
Saved in:
Cover Image
Equilibrium Exchange Rate Hedging
Black, Fischer - 2021
In a one-period model where each investor consumes a single good, and where borrowing and lending are private and real, there is a universal constant that tells how much each investor hedges his foreign investments. The constant depends only on average risk tolerance across investors. The same...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013218727
Saved in:
Cover Image
Exchange Rates and Adjustment : Perspectives from the New Open Economy Macroeconomics
Obstfeld, Maurice - 2021
The New Open Economy Macroeconomics has allowed economists to tackle classical problems with new tools, while also generating new ideas and questions. In their attempts to make the new models capture empirical regularities, researchers have entertained a variety of assumptions about the...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013225559
Saved in:
Cover Image
Exchange-Rate Dynamics
Obstfeld, Maurice; Stockman, Alan C. - 2021
This paper discusses the dynamic behavior of exchange rates, focusing both on the exchange rate's response to exogenous shocks and the relation between exchange-rate movements and movements in important endogenous variables such as prices, interest rates, output, and the current account. Aspects...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013228271
Saved in:
Cover Image
Rational Speculation and Exchange Rates
Duarte, Margarida; Stockman, Alan C. - 2021
In this paper we develop a general equilibrium model of exchange rates where expectations of future variables directly affect the current exchange rate through an 'asset-market' term. This term, which results from the assumptions of incomplete asset markets and segmented product markets, does...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013229053
Saved in:
Cover Image
Sterilization and Monetary Control Under Pegged Exchange Rates : Theory and Evidence
Darby, Michael R. - 2021
In veiw of recent strong evidence that substantial sterilization of the monetary effects of reserve flows occurs, a modified monetary approach model is formulated in which central banks exercise no control over their domestic money supply despite their sterilization activities. This model is...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013237279
Saved in:
Cover Image
Determination of Equilibrium Exchange Rate Rupiah Against US Dollar and its Volatility : Application of Asset Approach
Mandeij, Dennij - 2021
The prevailing exchange rate and its volatility has been always an important issue in an open economy and freely floating exchange rate system, such as in Indonesia. In this system, the exchange rate is allowed to fluctuate based on the interaction between demand for and supply of foreign...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013237642
Saved in:
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • Next
  • Last
A service of the
zbw
  • Sitemap
  • Plain language
  • Accessibility
  • Contact us
  • Imprint
  • Privacy

Loading...