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Capital Flows and Domestic Financial Sector in India

Kohli, Renu - EconWPA - 2004

, it is found, has a significant impact on domestic money supply and stock market growth, liquidity and volatility. The …

Persistent link: https://www.econbiz.de/10005119480

Fear of Floating: An optimal discretionary monetary policy analysis

Bokil, Madhavi - EconWPA - 2005

-traded sector firms are entirely denominated in the domestic currency. Domestic exchange rate volatility adversely affects the … balance sheets of the traded sector firms, while interest rate volatility creates problems for the firms in the non … traded goods sector also displays greater aversion for exchange rate volatility. …

Persistent link: https://www.econbiz.de/10005408203

Monetary Policy under Sudden Stops

Cúrdia, Vasco - EconWPA - 2005

Emerging markets are often exposed to sudden stops of capital inflows. What are the effects of monetary policy in such an environment? To answer this question, the paper proposes a model with the typical elements of an emerging market economy. Credit frictions generate balance sheet effects,...

Persistent link: https://www.econbiz.de/10005062691

Non-linear real exchange rate effects in the UK labour market

Legrenzi, Gabriella; Milas, Costas - EconWPA - 2004

Using data over the 1973q1-2004q1 period, this paper identifies an important role for the real exchange rate in affecting UK labour market conditions. When the real exchange rate is undervalued, short-run unemployment falls as firms respond to an improvement in domestic competitiveness by...

Persistent link: https://www.econbiz.de/10005556606

Paper or Gold

Raj, Mukund - EconWPA - 2003

In our society today, money's value is measured by what it can buy—its purchasing power—not by its material worth, but it hasn't always been so. · My previous papers Impact of agriculture output on exchange rates and Currency competition-Survival of the fittest dealt with issues surrounding...

Persistent link: https://www.econbiz.de/10005408054

SOURCES OF ASIAN CURRENCY CRISIS

Majid, Muhd-Zulkhibri Abdul - EconWPA - 2004

This study examines the sources of currency crises in ASEAN. The empirical findings indicate that reserve inadequacy, increase of bank’s claims on private sector, deteriorating trade balance and misalignment of real exchange rate increase the probability of a speculative attack on a currency....

Persistent link: https://www.econbiz.de/10005408141

National, regional and international capital markets: Measurement and implications for domestic financial fragility.

Chinn, Menzie; Dooley, Michael - EconWPA - 1995

Interest rate based tests and savings-investment correlations disagree on the extent of capital mobility in Pacific Rim economies. The apparent success of several East Asian countries in sterilizing capital inflows has also fueled the controversy. This paper argues that previous studies...

Persistent link: https://www.econbiz.de/10005408142

SAY YOU FIX, ENJOY AND RELAX THE DELETERIOUS EFFECT OF PEG ANNOUNCEMENTS ON FISCAL DISCIPLINE

Alberola, Enrique; Molina, Luis; Navia, Daniel - EconWPA - 2005

This paper explores the impact of actual exchange rate regimes on fiscal discipline, which we purportedly link to the effect of announcing the peg and to the availability of external funds. To stress this point, the focus of the analysis is emerging markets spanning from the beginning of the...

Persistent link: https://www.econbiz.de/10005408144

Financial Integration and International Portfolio

Hedi, AROURI Mohamed El - EconWPA - 2003

In this article, we extend the conditional ICAPM of De Santis and Gérard (1997,1998) using an asymmetric multivariate GARCH specification. The model is estimated, for the period March 1973-March 2003, simultaneously for 8 markets: the world market, 4 developed markets and 3 emerging markets....

Persistent link: https://www.econbiz.de/10005408146

Own interest and foreign need: Are bilateral investment treaty programmes similar to aid allocation?

Neumayer, Eric - EconWPA - 2004

Bilateral investment treaties (BITs) have become the most important legal mechanism for the encouragement of foreign direct investment (FDI) in developing countries. Yet practically no systematic evidence exists on what motivates capital-exporting developed countries to sign BITs earlier with...

Persistent link: https://www.econbiz.de/10005408147

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