Showing 1 - 10 of 164
of market manipulation is valid. The paper shows that (whether or not "widespreadness" has any merit) it is possible for … to understand the art and develop policies to curb manipulation. …
Persistent link: https://www.econbiz.de/10012560728
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
: fixed rate or currency union. Research Design & Methods: An index was designed based on variables commonly recognised as … and currency union. These variables are trade openness, trading partner trade importance, similarities of government debt … countries with a currency union, the results show that a currency union does not provide higher values of bilateral trade …
Persistent link: https://www.econbiz.de/10012520004
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
borrowing in foreign currency as an optimal response to implicit guarantees that the government will not devalue the domestic … currency. Using data on Brazilian firms before and after the end of the fixed exchange rate regime in 1999, we estimate the … foreign currency debt prior to the exchange rate float and those that did not. Using the difference-in-differences approach …
Persistent link: https://www.econbiz.de/10012171089
The study participates in adding a new term to the monetary policy literature which is the alignment of monetary policies between foreign countries and the Federal Reserve Bank's policy. This study aims to examine the effect of the of the monetary policy alignment in foreign countries with the...
Persistent link: https://www.econbiz.de/10015438508
Purpose This study aims to evaluate the role of the prevailing currency systems in achieving (or departing from) the …. Design/methodology/approach After documenting historical developments in currency systems, the study reviews the Islamic … perspective on the matter. Features of an ideal currency system are listed and then a critical evaluation of existing currency …
Persistent link: https://www.econbiz.de/10012517342
An Stelle der gleichgewichtsorientierten, mit rationalen Erwartungen verknüpften statischen Effizienzbetrachtung wird eine dynamische Effizienzanalyse angestrebt, für die heterogene Erwartungen und Handel zu subjektiv falschen Preisen konstitutiv ist. Der konkrete Untersuchungsgegenstand ist...
Persistent link: https://www.econbiz.de/10011917337
Three main currency strategies have been established in the literature: carry, value, and momentum. We investigate …
Persistent link: https://www.econbiz.de/10014235046
This paper reviews earlier studies and shows that the money demand (MD) relationship under a fixed exchange rate (ER) regime differs from that under a floating ER regime, mainly due to the limited role of monetary policy in the former regime. It then empirically demonstrates that an open-economy...
Persistent link: https://www.econbiz.de/10013176694