Similar Search Results

International Financial Market Integration, Asset Compositions, and the Falling Exchange Rate Pass-Through

Buzaushina, Almira - 2016

This paper provides an explanation for the observed decline of the exchange rate pass-through into import prices by modeling the effects of financial market integration on the optimal choice of the pricing currency in the context of rigid nominal goods prices. Contrary to previous literature, we...

Persistent link: https://www.econbiz.de/10012988688

International Financial Markets' Influence on the Welfare Performance of Alternative Exchange Rate Regimes

Hoffmann, Mathias - 2016

In this paper Friedmann (1953) and Mundell´s (1968) position favouring flexible over alternative exchange rate regimes is reassessed in the context of international financial market integration. In a new open economy macroeconomic framework the paper shows that financial market integration...

Persistent link: https://www.econbiz.de/10012991078

Integration of Financial Markets and National Price Levels : The Role of Exchange Rate Volatility

Hoffmann, Mathias - 2016

How does international financial integration affect national price levels? To analyze this question, this paper formulates a two-country open economy sticky-price model under either segmented or complete asset markets. It is shown that the effect of financial integration, i.e. moving from...

Persistent link: https://www.econbiz.de/10012991245

International financial market integration, asset compositions, and the falling exchange rate pass-through

Enders, Almira; Enders, Zeno; Hoffmann, Mathias - 2017

Persistent link: https://www.econbiz.de/10011654742

International Financial Market Integration, Asset Compositions, and the Falling Exchange Rate Pass-Through

Enders, Almira - 2018

Persistent link: https://www.econbiz.de/10012933708

The evolution of offshore renminbi trading : 2016 to 2019

Cheung, Yin-Wong; Grimm, Louisa; Westermann, Frank - 2020

We study the evolution of offshore renminbi trading between 2016 and 2019. The diffusion behaviour of offshore renminbi trading during this period is different from the one between 2013 and 2016. The geographical diffusion process displayed in the 2016-2019 period, in addition to the previously...

Persistent link: https://www.econbiz.de/10012232928

The evolution of offshore renminbi trading : 2016 to 2019

Cheung, Yin-Wong; Grimm, Louisa; Westermann, Frank - 2020

Persistent link: https://www.econbiz.de/10012234514

Intra-and international risk-sharing in the short run and the long run

Becker, Sascha O.; Hoffmann, Mathias - 2003

We investigate empirically how industrialized countries and U.S. states share consumption risk at horizons between one … and thirty years. U.S. federal states share about 50 percent of their permanent idiosyncratic risk through cross … share any of their permanent idiosyncratic risk. Our results suggest that purely transaction cost based theories cannot …

Persistent link: https://www.econbiz.de/10011404294

Intra- and international risk-sharing in the short run and the long run

Becker, Sascha O.; Hoffmann, Mathias - In: European economic review : EER 50 (2006) 3, pp. 777-806

Persistent link: https://www.econbiz.de/10003310027

The home bias and capital income flows between countries and regions

Artis, Michael J.; Hoffmann, Mathias - 2006

Persistent link: https://www.econbiz.de/10003352996