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Addressing the dollar crisis by investigating underlying causes, effects, and strategic solutions in emerging economies

Amit, Sajid; Al Kafy, Abdulla - In: Research in globalization 8 (2024), pp. 1-11

Foreign exchange reserves (FER), especially dollar assets, are vital for a developing country to maintain economic stability, foster growth, and protect against unexpected amendments. In recent years, particularly since the onset of COVID-19, several emerging countries have experienced...

Persistent link: https://www.econbiz.de/10015047801

The roles of gold, US dollar, and bitcoin as safe-haven assets in times of crisis

Van Le Thi Thuy; Tran Thi Kim Oanh; Nguyen Thi Hong Hai - In: Cogent economics & finance 12 (2024) 1, pp. 1-17

Using the GJR-GARCH method, this study examines the safe-haven role of gold, US dollar, and Bitcoin over a period including the global financial crisis, the COVID-19 pandemic and the Russia-Ukraine conflict from 3 April 2006 to 19 May 2023. The study supports the hypothesis that the safe-haven...

Persistent link: https://www.econbiz.de/10015386928

Financial instability and international-lender-of-last-resort theory from the gold standard to the dollar system

Carré, Emmanuel; Le Maux, Laurent - In: Jahrbuch für Wirtschaftsgeschichte 63 (2022) 2, pp. 311-344

We identify two approaches to financial crises in the history of political economy, namely, the exogenous approach whereby financial crises are sudden events, and the endogenous approach whereby they arise from a long process. In focusing on the endogenous approach, we study the contributions by...

Persistent link: https://www.econbiz.de/10013447589

Supply shocks and monetary policy responses in emerging economies

Ocampo, José Antonio; Ojeda Joya, Jair Neftali - In: Latin American journal of central banking : LAJCB 3 (2022) 4, pp. 1-19

Supply shocks bring about important dilemmas for monetary policy in emerging economies. We compute monetary policy responses to supply shocks using quarterly data and a Bayesian panel VAR for 24 emerging economies during the period 2004-2019. In this framework, we identify supply shocks as...

Persistent link: https://www.econbiz.de/10014375465

Exchange rate regime : which institutions to strengthen the viability of corner solutions?

Sali, Alhadj Malloum; André, Abessolo Yves; Paulin, … - In: EuroEconomica 39 (2020) 3, pp. 99-118

Persistent link: https://www.econbiz.de/10012613211

Determinants of De Jure : de facto exchange rate regime gaps

Dudzich, Viktar - In: Journal of central banking theory and practice 11 (2022) 1, pp. 151-177

This paper investigates inconsistencies between countries' official exchange rate regime declarations (the so-called de jure exchange rate regimes) and their actual policy (de facto exchange rate regimes). These exchange rate regime gaps decrease the credibility of monetary policy and are...

Persistent link: https://www.econbiz.de/10012805976

Exchange rate regimes and global cocoa trade: to float or to peg?

Addai, Bismark; Gyimah, Adjei Gyamfi; Poku-Agyemang, Kwadwo - In: Cogent economics & finance 8 (2020) 1, pp. 1-10

The effectiveness of different exchange rate systems continues to attract the attention of many scholars, however, most discussions on exchange rate regimes have focused on how the phenomenon affects economic growth, economic stability, financial crises, international tourism, and international...

Persistent link: https://www.econbiz.de/10012219368

Exchange rate regimes as thresholds : the main determinants of capital inflows in emerging market economies

Özmen, Erdal; Taşdemir, Fatma - In: Borsa Istanbul Review 23 (2023) 6, pp. 1282-1288

We investigate whether the impacts of the main push (global financial conditions, GFC) and pull (growth) factors on capital inflows are invariant to endogenously estimated thresholds for exchange rate regimes (ERRs) in emerging market economies. The impact of GFC is higher under more flexible...

Persistent link: https://www.econbiz.de/10014446821

Global uncertainty and potential shelters : gold, bitcoin, and currencies as weak and strong safe havens for main world stock markets

Feder-Sempach, Ewa; Szczepocki, Piotr; Bogołębska, Joanna - In: Financial innovation : FIN 10 (2024), pp. 1-23

primary world stock market indices-the S&P 500, Financial Times Stock Exchange (FTSE) 100, DAX, STOXX Europe 600, and Nikkei … the Russian invasion of Ukraine in 2022, and an international investor perspective focusing on the world's leading stock … markets. We extend earlier studies by analyzing the interrelations of the world's lead‑ ing stock market indices with fve …

Persistent link: https://www.econbiz.de/10014541628

Gold as a factor of change in central bank reserves in periods of the financial markets turbulence : the case of Kazakhstan

Dodonov, Vyacheslav - In: Journal of central banking theory and practice 11 (2022) 2, pp. 209-224

world markets of the 2000s and changes in the National Bank's gross reserves, as well as the influence of the gold factor on …

Persistent link: https://www.econbiz.de/10013347137