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Testing the twin deficit hypothesis : evidence from the Republic of North Macedonia

Bucevska, Vesna - In: Business systems research : a system view accross … 11 (2020) 3, pp. 45-62

Background An econometric analysis of the twin deficit hypothesis is of special importance for the Republic of North Macedonia in view of its perspective membership in the European Union and from the point of view of its macroeconomic stability in the long run. Objectives The objective of this...

Persistent link: https://www.econbiz.de/10012414405

Commodity prices, bank balance sheets and macroprudential policies in small open economies

Villca, Alfredo - In: Latin American journal of central banking : LAJCB 3 (2022) 1, pp. 1-27

How important are liability dollarization in the transmission of commodity shocks on business cycles? To address this question, we developed a small open economy DSGE model with a banking sector and financial friction. The banks collect funds in the international capital markets in the form of...

Persistent link: https://www.econbiz.de/10013198126

Financial development and dollarization in Ghana : an empirical investigation

Tweneboah, George; Gatsi, John Garchie; Asamoah, … - In: Cogent economics & finance 7 (2019) 1, pp. 1-21

This study strengthens the frontiers of research on the drivers of dollarization in emerging economies by exploring the case of Ghana using the autoregressive distributed lag modelling framework. The data for the study spanned from January 2002 to March 2016. The evidence suggests that...

Persistent link: https://www.econbiz.de/10014232353

Empirical testing of purchasing power parity validity in selected European Union countries

Plošinjak, Jelko; Festić, Mejra - In: Naše gospodarstvo : NG 67 (2021) 4, pp. 13-32

exchange rate in a logarithm, while in the second phase, the cointegration of nominal exchange rate, domestic and foreign price … authors' knowledge, and taking into account Liu (1992), who states that it is more important to check the presence of co-integration … results suggest that all the real exchange rate time series are stationary, additionally, cointegration exists among all the …

Persistent link: https://www.econbiz.de/10012887177

Do financial markets allow the independence of central banks?

Miró, Damià Rey; Piffaut, Pedro; Zurdo, Ricardo Palomo - In: Journal of central banking theory and practice 13 (2024) 1, pp. 5-26

The research work presented below addresses the possible concern of central bank independence through the development and application of econometric models. The complexity of the modelling has allowed a step further in corroborating that financial independence is not only linked to the...

Persistent link: https://www.econbiz.de/10014496228

Another look at devaluation and the trade balance in China

McGee, Ethan; Upadhyaya, Kamal Prasad; Bhandari, Rabindra N. - In: Review of Economic Analysis : REA 12 (2020) 2, pp. 1-14

This paper estimates the effect of Chinese Yuan devaluation on the trade balance of China. For that a regression equation is developed in which domestic income, foreign income, domestic money supply, foreign money supply and real effective exchange rate are used as explanatory variable with...

Persistent link: https://www.econbiz.de/10012269231

Another look at devaluation and the trade balance in China

McGee, Ethan; Upadhyaya, Kamal Prasad; Bhandari, Rabindra N. - In: Review of Economic Analysis : REA 12 (2020) 3, pp. 321-329

Persistent link: https://www.econbiz.de/10012406110

Sustainability of current account deficit in Turkey

Karahan, Özcan - In: International journal of business and economic sciences … 13 (2020) 2, pp. 62-69

long-term dynamics are empirically investigated using the Johansen cointegration test. Econometric analysis is also … cointegration analysis suggest that current account income and expenses are integrated with the cointegrating coefficient less than …

Persistent link: https://www.econbiz.de/10012293106

Examining rational bubbles in global natural gas prices : evidence from frequency domain estimates

Lawal, Adedoyin Isola; Oseni, Ezekiel; Lawal-Adedoyin, … - In: Energy strategy reviews 44 (2022), pp. 1-7

employing Fourier unit root tests and a nonparametric rank test for cointegration. Data comprises monthly data on the three …

Persistent link: https://www.econbiz.de/10014514550

Why are Latin American crises deeper than those in Emerging Asia, including that of COVID-19?

García Herrero, Alicia - 2021

The COVID-19 pandemic has challenged global economies with unparalleled negative shock. Asia and Latin America have gone through a number of financial crises in the last few decades but they have addressed those crises rather differently, leading to different growth trajectories after the...

Persistent link: https://www.econbiz.de/10012490544