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liquidity and its relationship to the net-exports and GDP, and using database from 1968 to 2009, we estimate SVAR model founded … international liquidity i.e. more foreign reserves assets leads in the long-run to real economic growth after its fall back in the … that the simulated negative shocks from the monetary authorities would reduce the saving glut effect in the Saudi economy …
Persistent link: https://www.econbiz.de/10011110904
in each region and devise counter policy measures against future idiosyncratic shocks. In the last decade, world dynamics … mortgage crisis shock originated in the real sector (falling US housing prices) and was transmitted through trade variables … US, the shock was not significant. Resultantly, these regions exhibited a decoupling phenomenon during the subprime …
Persistent link: https://www.econbiz.de/10008533255
This paper empirical investigates the effects of 2008 financial crisis on exchange rate determination in PPP-UIP framework for four emerging countries, using monthly date over the period 1981-2012. The results suggest that the impact of recent financial crisis led to change the role of...
Persistent link: https://www.econbiz.de/10011108761
In this note, we attempt to place the question of how we got to the global financial crisis that began as the US …”, financial crises of the severity and duration of what we are undergoing in the US and elsewhere in Europe were deemed improbable …
Persistent link: https://www.econbiz.de/10011259756
behavior of rupee/US $ for Pakistan economy over the period 1982:Q1 to 2010:Q2.This study investigates the effect of output … levels, interest rates and prices and different shocks on exchange rate. Hylleberg, Engle, Granger, and Yoo (HEGY) (1990 … 17 percent of divergence from long-run equilibrium exchange rate path is being corrected in each quarter. US war on …
Persistent link: https://www.econbiz.de/10011112991
The main objective of this paper is to test the validity of the purchasing power parity in the Maghreb countries (namely, Algeria, Morocco and Tunisia). We apply the threshold autoregressive non-linear model (TAR) proposed by Caner and Hansen (2001). First, a review of literature on PPP is...
Persistent link: https://www.econbiz.de/10005837214
To be able to predict when a nation will go bust has been one of toughest challenges in macroeconomics. Considerable research and effort has been put into this direction but still we are not in a position to say anything with certainty. This paper analyzes panel pool data on 31 countries across...
Persistent link: https://www.econbiz.de/10009151617
This paper implements an affine term structure model that accommodates "unspanned" macro risks for the Euro area, i.e. distinct from yield-curve risks. I use a Near-Cointegrated VAR-like approach to obtain a better estimation of the historical dynamics of the pricing factors, thus providing more...
Persistent link: https://www.econbiz.de/10011108613
We compare the accuracy of the survey forecasts and forecasts implied by economic binary options on the U.S. nonfarm …
Persistent link: https://www.econbiz.de/10005621898
This paper investigates the impact of British macroeconomic and monetary news on English interest rates level and volatility. These news correspond to Bank of England (BoE) target variables news and to unexpected monetary policy rate changes. It analyzes whether the market rate response to these...
Persistent link: https://www.econbiz.de/10005837520