Narrow search
Showing 1 - 10 of 95
Cover Image
Is there momentum or reversal in weekly currency returns?
Raza, Ahmad; Marshall, Ben R.; Visaltanachoti, Nuttawat - In: Journal of International Money and Finance 45 (2014) C, pp. 38-60
We investigate whether momentum or reversal is the dominant phenomenon in short horizon (one- to four-week) foreign exchange rate returns. We find, based on a broad sample of 63 emerging and developed market currencies, evidence of momentum rather than reversal. Momentum strategy returns are as...
Persistent link: https://www.econbiz.de/10010869428
Cover Image
On the distribution of exchange rate regime treatment effects on international trade
Dorn, Sabrina; Egger, Peter - In: Journal of International Money and Finance 53 (2015) C, pp. 75-94
on the currency union effect on trade and widely assumed that country-pairs with identical observable characteristics …
Persistent link: https://www.econbiz.de/10011263955
Cover Image
The relationship between investment and large exchange rate depreciations in dollarized economies
Carranza, Luis; Galdon-Sanchez, Jose E.; … - In: Journal of International Money and Finance 30 (2011) 7, pp. 1265-1279
We use a simple financial friction in an economy with high degree of liability dollarization – and currency mismatch …
Persistent link: https://www.econbiz.de/10011048488
Cover Image
Are consistent pegs really more prone to currency crises?
Esaka, Taro - In: Journal of International Money and Finance 44 (2014) C, pp. 136-163
announced pegged regimes) on the occurrence of currency crises to examine whether consistent pegs are indeed more prone to … currency crises than other regimes. Using matching estimators as a control for the self-selection problem of regime adoption …, we find that countries with consistent pegs have a significantly lower probability of currency crises than countries with …
Persistent link: https://www.econbiz.de/10011048502
Cover Image
The offshore renminbi exchange rate: Microstructure and links to the onshore market
Cheung, Yin-Wong; Rime, Dagfinn - In: Journal of International Money and Finance 49 (2014) PA, pp. 170-189
The offshore renminbi (CNH) exchange rate is the exchange rate of the Chinese currency transacted outside China. We …
Persistent link: https://www.econbiz.de/10011077097
Cover Image
Duration of fixed exchange rate regimes in emerging economies
Tamgac, Unay - In: Journal of International Money and Finance 37 (2013) C, pp. 439-467
This paper examines the duration of fixed exchange rate regimes and investigates whether there is a certain pattern of time dependence in the survival rate of pegged exchange rate regimes for emerging economies. We query why some fixed regimes last longer and determine the macroeconomic, social...
Persistent link: https://www.econbiz.de/10010709324
Cover Image
The importance of the exchange rate regime in limiting current account imbalances in sub-Saharan African countries
Gnimassoun, Blaise - In: Journal of International Money and Finance 53 (2015) C, pp. 36-74
One of the major current concerns of economic policy in developing countries is the choice of the appropriate exchange rate regime to consolidate and accelerate the pace of economic growth. This paper aims to investigate whether the choice of a country's exchange rate regime may affect current...
Persistent link: https://www.econbiz.de/10011263956
Cover Image
Behind closed doors: Revealing the ECB's decision rule
Hayo, Bernd; Méon, Pierre-Guillaume - In: Journal of International Money and Finance 37 (2013) C, pp. 135-160
This paper aims at discovering the decision rule the Governing Council of the ECB uses to set interest rates. We construct a Taylor rule for each member of the council and for the euro area as a whole, and aggregate the interest rates they produce using several classes of decision-making...
Persistent link: https://www.econbiz.de/10010869421
Cover Image
The role of cross-sectional heterogeneity for magnitude and timing of the euro's trade effect
Herwartz, Helmut; Weber, Henning - In: Journal of International Money and Finance 37 (2013) C, pp. 48-74
This paper examines the role of cross-sectional heterogeneity for estimating the euro's effect on euro-area trade. In the empirical analysis, the impact of trade costs on trade and the transition dynamics to the new monetary regime can vary cross-sectionally in trade sectors and country pairs....
Persistent link: https://www.econbiz.de/10010869447
Cover Image
Has the euro affected the choice of invoicing currency?
Ligthart, Jenny E.; Werner, Sebastian E.V. - In: Journal of International Money and Finance 31 (2012) 6, pp. 1551-1573
We present a new approach to study empirically the effect of the introduction of the euro on the pattern of currency … invoicing. Our approach uses a compositional multinomial logit model, in which currency choice is explained by both currency … countries for the 1996–2006 period. We find that eurozone countries have substantially increased their share of home currency …
Persistent link: https://www.econbiz.de/10010869452