Search Results - subject:"fundamentals"

Non-Linearities in the Relation between the Exchange Rate and its Fundamentals

Altavilla, Carlo; Grauwe, Paul De - CESifo - 2005

This paper investigates the relationship between the euro-dollar exchange rate and its underlying fundamentals. First … of different regimes, and thus non-linearities in the link between the exchange rate and its fundamentals. Second, we … are that different sets of macroeconomic fundamentals act as driving forces of the exchange rates during different time …

Persistent link: https://www.econbiz.de/10005406011

Fundamentals, International Role of Euro and 'Framing' of Expectations: What are the Determinants of the Dollar/Euro Exchange Rate?

Posta, Pompeo Della - Departamento de Economia, Gestão e Engenharia … - 2005

and directed their focus almost exclusively towards traditional, ‘fundamentals-based’ explanations. Among these …, when the euro started appreciating, a different set of fundamentals had to be isolated in order to account for such … the ‘fundamentals' one. …

Persistent link: https://www.econbiz.de/10005021908

Using Option Theory and Fundamentals to Assessing Default Risk of Listed Firms

Papanastasopoulos, George - Volkswirtschaftliche Fakultät, … - 2005

listed firms. Then, we enrich them with fundamentals that utilize accounting information. The results suggest that by adding …

Persistent link: https://www.econbiz.de/10005621579

Monetary policy and asset prices: the investment channel

Alexandre, Fernando; Bação, Pedro - Núcleo de Investigação em Políticas Económicas … - 2005

The role of monetary policy during periods of asset price volatility has been the subject of discussion among economists and policymakers at least since the 1920s and the Great Depression that followed. In this paper we survey the recent and rapidly growing literature on this topic, with an...

Persistent link: https://www.econbiz.de/10005704683

House Prices, Fundamentals and Inflation

Black, Angela; Fraser, Patricia; Hoesli, Martin - Swiss Finance Institute - 2005

over fundamentals. Our findings suggest that inflation (excluding house prices) responds asymmetrically with more impact on …

Persistent link: https://www.econbiz.de/10005264586

The Economic Argument for Constitutional Reform

Sicat, Gerardo P. - School of Economics, University of the Philippines at … - 2005

the fight against poverty. The less obvious benefits affect the macroeconomic fundamentals of the country; reduction of …

Persistent link: https://www.econbiz.de/10010667553

The Scapegoat Theory of Exchange Rates: The First Tests

Fratzscher, Marcel; Sarno, Lucio; Zinna, Gabriele - C.E.P.R. Discussion Papers - 2012

fundamentals to rationalize the pricing of currencies, which are partly driven by unobservable shocks. Using novel survey data …

Persistent link: https://www.econbiz.de/10011084052

The Role of Speculation in Oil Markets: What Have We Learned So Far?

Fattouh, Bassam; Kilian, Lutz; Mahadeva, Lavan - C.E.P.R. Discussion Papers - 2012

A popular view is that the surge in the price of oil during 2003-08 cannot be explained by economic fundamentals, but …, there is strong evidence that the co-movement between spot and futures prices reflects common economic fundamentals rather …

Persistent link: https://www.econbiz.de/10011084244

Analyzing interest rate risk: Stochastic volatility in the term structure of government bond yields

Hautsch, Nikolaus; Ou, Yangguoyi - In: Journal of Banking & Finance 36 (2012) 11, pp. 2988-3007

We propose a Nelson–Siegel type interest rate term structure model where the underlying yield factors follow autoregressive processes with stochastic volatility. The factor volatilities parsimoniously capture risk inherent to the term structure and are associated with the time-varying...

Persistent link: https://www.econbiz.de/10010580933

Moody Oil - What is Driving the Crude Oil Price?

Lechthaler, Filippo; Leinert, Lisa - CER-ETH Center of Economic Research, Department of … - 2012

The unparalleled surge of the crude oil price after 2003 has triggered a heated scientific and public debate about its ultimate causes. Unexpected demand growth particularly from emerging economies appears to be the most prominently supported reason among academics. We study the price dynamics...

Persistent link: https://www.econbiz.de/10010581036