Search Results - subject:"Nominal Exchange Rate"

The Exchange Rate Pass -Through to Import and Export Prices; The Role of Nominal Rigidities and Currency Choice

Choudhri, Ehsan U.; Hakura, Dalia - International Monetary Fund (IMF) - 2012

Using both regression- and VAR-based estimates, the paper finds that the exchange rate pass-through to import prices for a large number of countries is incomplete and larger than the pass-through to export prices. Previous studies have reported similar results, which give rise to the puzzle that...

Persistent link: https://www.econbiz.de/10011242355

Riding Global Financial Waves; The Economic Impact of Global Financial Shocks on Emerging Market Economies

Adler, Gustavo; Mora, Camilo Ernesto Tovar - International Monetary Fund (IMF) - 2012

Over the past two decades, most emerging market economies witnessed two key developments. A marked process of financial integration with the rest of the world, arguably turning these economies more vulnerable to global financial shocks; and an improvement of macroeconomic fundamentals, helping...

Persistent link: https://www.econbiz.de/10011242368

The impact of real exchange rate volatility on economic growth: Kenyan evidence

Musyoki, Danson; Pokhariyal, Ganesh P. - In: Business and Economic Horizons (BEH) 7 (2012) 1, pp. 59-75

This paper examines the impact of real exchange rate volatility on economic growth in Kenyan. The study employed the Generalized Autoregressive Condition of Heteroscedasticity (GARCH) and computation of the unconditional standard deviation of the changes to measure volatility and Generalized...

Persistent link: https://www.econbiz.de/10010732568

Global Commodity Prices, Monetary Transmission, and Exchange Rate Pass-Through in the Pacific Islands

Peiris, Shanaka J.; Ding, Ding - International Monetary Fund (IMF) - 2012

Pacific Islands countries are vulnerable to commodity price shocks, and this poses challenges to monetary policy. The high degree of exchange rate pass-through to headline inflation and the weak monetary transmission mechanism in PICs suggest a greater efficacy of exchange rate changes in...

Persistent link: https://www.econbiz.de/10010790298

Exchange Rate Pass-Through in Sub-Saharan African Economies and its Determinants

International Monetary Fund (IMF); International … - 2012

This paper analyzes the exchange rate pass-through to domestic prices and its determinants in sub-Saharan African countries. It finds that the pass-through is incomplete. The pass-through is larger following a depreciation than after an appreciation of the local currency. The average elasticity...

Persistent link: https://www.econbiz.de/10010790331

Exchange Rate Pass Through to Prices in Maldives

Masha, Iyabo; Park, Chanho - International Monetary Fund (IMF) - 2012

This study examines the degree of exchange rate pass through (EPRT) into producer and consumer prices in Maldives. ERPT to consumer prices is first estimated using a nonparametric approach. A recursive vector autoregression is then used to model both consumer and producer price changes. The...

Persistent link: https://www.econbiz.de/10010790345

The Relationship Between the Foreign Exchange Regime and Macroeconomic Performance in Eastern Africa

International Monetary Fund (IMF); International … - 2012

, the lagged inflation rate, nominal exchange rate, and the de facto regime are significant. Exchange rate pass-through is … exchange rate, the exchange regime, and liberalization. We find that in our sample, for the determinants of growth, investment …, and current account liberalization; and (ii) inflation and various determinants, including lagged inflation, the nominal …

Persistent link: https://www.econbiz.de/10010790391

Exchange Rate and Foreign Interest Rate Linkages for Sub-Saharan Africa Floaters

Thomas, Alun H. - International Monetary Fund (IMF) - 2012

The paper considers the determinants of exchange rate movements among sub-Saharan countries that have flexible exchange rate regimes. The determinants are based on the law of one price and interest parity conditions. Results indicate that the exchange rates have responded significantly to...

Persistent link: https://www.econbiz.de/10010790421

Nominal and Real Exchange Rate Models in South Africa: How Robust Are They?

Égert, Balázs - EconomiX, Université Paris Ouest-Nanterre la Défense … - 2012

This paper addresses difficulties in modelling exchange rates in South Africa. Real exchange rate models of earlier research seem to be sensitive to the sample period considered, alternative variable definition, data frequency and estimation methods. Alternative exchange rate models proposed in...

Persistent link: https://www.econbiz.de/10010992383

How Do Exchange Rate Regimes Affect Firms' Incentives to Hedge Currency Risk? Micro Evidence for Latin America

Kamil, Herman - International Monetary Fund (IMF) - 2012

Using a unique dataset with information on the currency composition of firms' assets and liabilities in six Latin-American countries, I investigate how the choice of exchange rate regime affects firms' foreign currency borrowing decisions and the associated currency mismatches in their balance...

Persistent link: https://www.econbiz.de/10009654156