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What explains global exchange rate movements during the financial crisis?

Fratzscher, Marcel - 2009

A striking and unexpected feature of the financial crisis has been the sharp appreciation of the US dollar against virtually all currencies globally. The paper finds that negative US-specific macroeconomic shocks during the crisis have triggered a significant strengthening of the US dollar,...

Persistent link: https://www.econbiz.de/10011605106

How Stable Are Monetary Models of the Dollar-Euro Exchange Rate? - A Time-varying Coefficient Approach

Beckmann, Joscha; Belke, Ansgar; Kühl, Michael - 2009

(the DM). We use monthly data from 1975:01 to 2007:12. Applying a novel time-varying coefficient estimation approach, we …

Persistent link: https://www.econbiz.de/10010265822

How stable are monetary models of the Dollar-Euro exchange rate? A time-varying coefficient approach

Beckmann, Joscha; Belke, Ansgar; Kühl, Michael - 2009

(the DM). We use monthly data from 1975:01 to 2007:12. Applying a novel time-varying coefficient estimation approach, we …

Persistent link: https://www.econbiz.de/10010271135

Managing monetary policy facing U.S. external constraint and internal macroeconomic divergences: The case of the Western European Central Banks in the 1980s

Reichart, Alexandre - In: The Journal of European Economic History (JEEH) 53 (2024) 1, pp. 47-96

This paper offers a narrative description of Western European monetary policies during the 1980s, seen from a French and European perspective and based on the archives of the General Council of the Bank of France and of the Committee of Governors (CoG) of the central banks of the member states...

Persistent link: https://www.econbiz.de/10015206902

Chinese monetary policy and the dollar peg

Reade, J. James; Volz, Ulrich - 2010

cointegration framework to examine whether Chinese interest rates are driven by the Fed's policy. In a second step, we estimate a …

Persistent link: https://www.econbiz.de/10010303913

The determinants of the euro-dollar exchange rate: synthetic fundamentals and a non-existing currency

Clostermann, Jörg; Schnatz, Bernd - 2000

-dollar exchange rate over a period from 1975 to 1998 and applying cointegration approaches, four factors are identified as fundamental …

Persistent link: https://www.econbiz.de/10010295690

The Euro/Dollar exchange rate: Chaotic or non-chaotic?

Federici, Daniela; Gandolfo, Giancarlo - 2011

The aim of this paper is to develop a continuous time exchange rate model that allows for heterogeneity of the agents' beliefs, in order to explore non-linearities and possible chaotic behaviour. The theoretical model contains an intrinsic non-linearity that gives rise to a jerk differential...

Persistent link: https://www.econbiz.de/10010274880

Methodological advances in the assessment of equilibrium exchange rates

Bussière, Matthieu; Ca' Zorzi, Michele; Chudik, Alexander - 2010

. The third issue discusses the uncertainty associated to the estimation of a reduced form relationship for the real … exchange rate, concluding that inference can be improved by panel estimation. The fourth and final issue addresses the presence … of strong and weak cross section dependence in panel estimation, suggesting which panel estimators one could use in this …

Persistent link: https://www.econbiz.de/10011605197

Are current account deficits sustainable? New evidence from Iran using bounds test approach to level relationships

Heidari, Hassan; Katircioglu, Salih Turan; Davoudi, Narmin - In: Economics: The Open-Access, Open-Assessment E-Journal 6 (2012) 2012-46, pp. 1-18

in 50 countries: Tests of cointegration and structural breaks, 2002) by employing bounds tests to level relationships and …

Persistent link: https://www.econbiz.de/10010310957

Examining the Elasticity of New Zealand's Current Account to the Real Exchange Rate

Szeto, Kam; Oxley, David - 2014

The main purpose of this paper is to supplement the existing literature by quantifying the elasticity of New Zealand's current account to changes in the real exchange rate. The unusual composition of New Zealand's current account balance – particularly the large income deficit and the...

Persistent link: https://www.econbiz.de/10012115679