Search Results - subject:"DEPRECIATION"

Distributional Effects of Exchange Rate Depreciations : Beggar-Thy-Neighbour or Beggar-Thyself?

Fisera, Boris - 2023

While it is often argued that exchange rate depreciation has a beggar-thy-neighbour effect, in this paper, we … investigate, whether exchange rate depreciation has a beggar-thyself effect. Specifically, we explore the distributional … currency. Using the local projections (LP) approach, we find that managed depreciation shocks decrease income inequality. We …

Persistent link: https://www.econbiz.de/10014345255

Central Bank Digital Currencies and the Emerging Markets : The Currency Substitution Challenge

Edwards, Sebastian - 2023

In this paper, I discuss the implications for emerging countries of the adoption of central bank digital currencies (CBDCs) in advanced jurisdictions, such as the United States, the United Kingdom, and the Euro Zone. The analysis identifies benefits as well as costs. Among the former, one of the...

Persistent link: https://www.econbiz.de/10014351704

Endogenous capital stock and depreciation in the United States

Escribá Pérez, Francisco Javier; Murgui, Maria José; … - In: Journal of public economic theory 25 (2023) 1, pp. 139-167

Persistent link: https://www.econbiz.de/10014251725

Capital depreciation allowances, redistributive taxation, and economic growth

Rehme, Günther - In: Journal of public economic theory 25 (2023) 1, pp. 168-195

Persistent link: https://www.econbiz.de/10014251728

On the pass-through of large devaluations

Casacuberta, Carlos; Licandro, Omar - 2023

Persistent link: https://www.econbiz.de/10014253367

Equity Market Reactions to War and Prior Currency Exchange Rate Depreciation

Kotyman, Alex Mark; Neszveda, Gabor - 2023

the role of prior currency exchange rate depreciation in explaining the stock market reactions to the conflict. We find … that prior currency exchange rate depreciation has both economically and statistically significant explanatory power for … depreciation, the explanatory power of many previously documented variables disappear …

Persistent link: https://www.econbiz.de/10014257515