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Liberalized emerging markets and the world economy: testing for increased integration with time-varying volatility

Hatemi-J, Abdulnasser; Morgan, Bryan - 2007

Due to increasing globalization and its potential benefits, many emerging markets have introduced capital liberalization policies to attract much needed foreign direct investment. The objective of this article is to empirically investigate whether the conducted deregulation policies resulted in...

Persistent link: https://www.econbiz.de/10009479532

Regional integration of equity markets in Sub-Saharan Africa

Piesse J.; Hearn B. - 2005

Equity markets in developing and emerging economies have grown in number and importance as a result of financial market globalisation. However, their role in economic growth and development is enhanced if nascent markets are integrated with well-established ones. Market integration, measured by...

Persistent link: https://www.econbiz.de/10009480491

Banking market integration in the SADC countries: Evidence from interest rate analyses

Aziakpono M.J.; Kleimeier S.; Sander H. - 2011

This study investigates the state, development and drivers of banking market integration in the member countries of the Southern African Development Community (SADC). A Principal Component Analysis (PCA) of national retail interest rates indicates increasing integration in loan and deposit...

Persistent link: https://www.econbiz.de/10009480502

A comprehensive approach for currency crises theories stressing the role of the anchor country

Ganz, Verena - 2008

imbalance inevitably results in a currency crisis. Altogether, this theory argues with a disrupted external balance on the … for the stability of fixed exchange rate systems, in exchange rate theory as well as in empirical observations. Altogether … country, the real effective exchange rate and a risk premium.Applying this theory framework, four constellations are discussed …

Persistent link: https://www.econbiz.de/10009433694

Foreign Exchange Market Interventions: New Empirical Views of Emerging Markets

Brause, Alexander F. - 2010

Since the beginning, central banks have used a wide range of instruments to achieve their ultimate purpose of price stability. One measure in the authorities toolbox is a foreign exchange market intervention. The discussion about this instrument has come a long way. So far, the discussion...

Persistent link: https://www.econbiz.de/10009433706

Die Bedeutung der hollowing-out Hypothese vor dem Hintergrund einer polit-ökonomischen Analyse der Wechselkursregimewahl

Pfeifer, Günther - 2005

neu entwickelter Ansatz verfolgt, der primär auf dem Gedankengut der Ökonomischen Theorie der Politik aufbaut und aus dem …

Persistent link: https://www.econbiz.de/10009451145

Export Promotion through Exchange Rate Policy: Exchange Rate Depreciation or Stabilization?

Fang, WenShwo; Lai, YiHao; Miller, Stephen M. - 2005

Exchange rate movements affect exports in two ways -- its depreciation and its variability (risk). A depreciation raises exports, but the associated exchange rate risk could offset that positive effect. The present paper investigates the net effect for eight Asian countries using a dynamic...

Persistent link: https://www.econbiz.de/10009430110

Since When Have FOREX Markets Incorporated EMU into Currency Pricing? Evidence from Four Exchange Rate Series

Wilfling, Bernd - 2001

Recent theory on exchange rate dynamics suggests that the mere announcement of regime switching from floating to fixed …

Persistent link: https://www.econbiz.de/10009442403

RUSSIAN AGRI-FOOD SECTOR: 16 MONTHS AFTER THE BREAKDOWN OF THE MONETARY SYSTEM

Poganietz, Witold-Roger - 2000

In August 1998 the Russian foreign exchange market and financial system collapsed. As a consequence the rouble devaluated in real terms against the currencies of the main trade partners, generating an output push in the agri-food sector. This improved the financial health of most producer, thus...

Persistent link: https://www.econbiz.de/10009444373

A mudança do regime cambial e o seu impacto na balança comercial brasileira

Ferreira, Leo da Rocha; Silva, Carlos A. Goncalves da; … - 2006

The purpose of this paper is to evaluate the impact of the change on the Brazilian exchange rate policy implemented in January 1999, and to analyze agricultural sector transformations. Specifically, the paper is an attempt to identify the economic relations of the aggregate performance of the...

Persistent link: https://www.econbiz.de/10009446493