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Getting PPP right : identifying mean-reverting real exchange rates in panels

Chortareas, Georgios E. (contributor); … - 2008

real exchange rates in panel frameworks. One weakness of such tests, however, is that they fail to inform the researcher as … a small number of real exchange rates in a given panel may drive the results. In this paper we examine the PPP … when applied to a set of established panel-unit-root tests, allows the identification of the real exchange rates that are …

Persistent link: https://www.econbiz.de/10003740322

Timely measurement of real effective exchange rates

Darvas, Zsolt M. - 2021

We demonstrate that short-run real exchange effective rate changes are dominated by nominal effective exchange rate changes, while inflation rates are sticky and contribute little to short-run real exchange rate changes. These observations allow a rather accurate real-time approximation of the...

Persistent link: https://www.econbiz.de/10013184685

Getting PPP right : identifying mean-reverting real exchange rates in panels

Chortareas, Georgios E. (contributor); … - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002153120

Energy prices and the real exchange rate of commodity-exporting countries

Dauvin, Magali - 2013

1980-2011. Estimating a panel cointegrating relationship between the real exchange rate and its fundamentals, we provide … evidence for the existence of "energy currencies". Relying on the estimation of panel smooth transition regression (PSTR …

Persistent link: https://www.econbiz.de/10010225994

Dynamic factor extraction of cross-sectional dependence in panel unit root tests

Kapetanios, George (contributor) - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001920602

Exchange rate misalignments : historical experience of Japan, Germany, Singapore and Taiwan compared to China today

Qin, Duo; He, Xinhua; Liu, Yimeng - 2010

) valuation. Panel-based misalignment estimates of the four economies show that net foreign asset build-up does not necessarily …

Persistent link: https://www.econbiz.de/10003990427

The Yen real exchange rate may be stationary after all : evidence from nonlinear unit-root tests

Chortareas, Georgios E. (contributor); … - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001868157

Does asymmetric nonlinear approach explain the relationship between exchange rate and trade of Iran?

Karimi, Mohammad Sharif; Ghodsi, Mahdi; Stehrer, Robert - 2020

Until 2012, the Central Bank of Iran (CBI) used its policy rate to stabilise the rial's exchange rate and, given a persistent current-account surplus, had accumulated sizeable currency reserves. In 2012, however, international sanctions against Iran intensified and the value of the rial halved...

Persistent link: https://www.econbiz.de/10012285456

Is the Chinese currency substantially misaligned to warrant further appreciation?

Qin, Duo; He, Xinhua - 2010

This study provides quarterly time-series estimates of the misalignment in the REER of the Renminbi (RMB). The estimation is based on a commonly used economic approach, but with a wider and more up-to-date coverage of data and a more extensive use of econometric modelling techniques. Our...

Persistent link: https://www.econbiz.de/10003933930

Is the Rupee over-valued?

Bhagwati, Jaimini; Barua, Abheek; Khan, M. Shuheb - 2015

The paper's objective is to examine whether the Indian Rupee was fairly valued as of end March 2015. First, the movements of the trade weighted real effective exchange rate (REER) of the Rupee are tracked over the last ten years. Next, the underpinnings of the Harrod-Balassa-Samuelson effect,...

Persistent link: https://www.econbiz.de/10011284447