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Chapter 7. International Prices and Exchange Rates

Burstein, Ariel; Gopinath, Gita - In: Handbook of international economics : Volume 4, (pp. 391-451). 2014

We survey the recent empirical and theoretical developments in the literature on the relation between prices and exchange rates. After updating some of the major findings in the empirical literature, we present a simple framework to interpret this evidence. We review theoretical models that...

Persistent link: https://www.econbiz.de/10014025379

Exchange rate pass-through and inflation dynamics in Tunisia : a Markov-switching approach

Khemiri, Rim; Ali, Mohamed Sami Ben - 2013

This paper studies the effect of exchange rate pass-through on inflation in Tunisia for the period 2001 to 2009. The objective is to track inflation regimes for the Tunisian economy and to forecast its determinants. Using a Markov-switching approach, the authors identified two main regimes for...

Persistent link: https://www.econbiz.de/10010223028

Exchange rate pass-through to domestic producer prices: Evidence from Korean firm-level pricing survey

Ahn, JaeBin; Park, Chang-Gui - In: Economics Letters 125 (2014) 1, pp. 138-142

This note studies exchange rate pass-through to the prices of domestically produced goods, exploring the firm-level pricing survey conducted by the Bank of Korea. The data reveal the imported inputs channel of, as well as nonlinear and asymmetric, exchange rate-pass-through.

Persistent link: https://www.econbiz.de/10010939504

EMU and the External Value of the Euro

Demertzis, Maria; Hughes Hallett, Andrew - C.E.P.R. Discussion Papers - 1999

The size and economic relevance of Europe may imply a new role for the EURO in the international financial markets. But … will the EURO compete with the $US and the Yen for a place in the basket of international currencies? Will that induce a … run trend of the EURO depends on the economic performance of the partner countries as well as on the properties of the new …

Persistent link: https://www.econbiz.de/10005662141

The Emergence of the Euro as an International Currency

Alogoskoufis, George; Portes, Richard; Rey, Hélène - C.E.P.R. Discussion Papers - 1997

*The European Union will enter Stage Three of Economic and Monetary Union (EMU) in 1999. The development of euro … financial markets and thickness externalities in the use of the euro as means of payment will be the major factors determining … the importance of the euro as an international currency. As euro securities markets become deeper and more liquid and …

Persistent link: https://www.econbiz.de/10005662175

How Will the Euro behave?

Cohen, Daniel - C.E.P.R. Discussion Papers - 1997

volatile euro than we have currently (as a basket of currencies). …

Persistent link: https://www.econbiz.de/10005666974

Macroeconomic Stabilization and Intervention Policy Under an Exchange Rate Band

Beetsma, Roel; van der Ploeg, Frederick - C.E.P.R. Discussion Papers - 1994

The distributional effects of the minimum wage are analysed in a model where skilled and unskilled labour enter the production function. It is argued that distributional goals are best achieved by letting the labour market clear and achieving redistribution through taxes and transfers.

Persistent link: https://www.econbiz.de/10005504279

Managing Macroeconomic Crises

Frankel, Jeffrey Alexander; Wei, Shang-Jin - National Bureau of Economic Research (NBER) - 2004

This study reviews broadly the experience of the last decade on crisis prevention and management. It seeks to draw greater attention to policy decisions that are made during the phase when capital inflows come to a sudden stop. Procrastination---the period of financing a balance of payments...

Persistent link: https://www.econbiz.de/10004976958

The Real Effects of Capital Controls: Financial Constraints, Exporters, and Firm Investment

Alfaro, Laura; Chari, Anusha; Kanczuk, Fabio - National Bureau of Economic Research (NBER) - 2014

In aftermath of the global financial crisis of 2008–2009, emerging-market governments have increasingly restricted foreign capital inflows. The data show a statistically significant drop in cumulative abnormal returns for Brazilian firms following capital control announcements. Large firms and...

Persistent link: https://www.econbiz.de/10011096568

The Internationalization of the RMB, Capital Market Openness, and Financial Reforms in China

Aizenman, Joshua - National Bureau of Economic Research (NBER) - 2015

with hidden but growing costs and distortions. The Chinese export-led growth path has been challenged by its own success …

Persistent link: https://www.econbiz.de/10011165135