Similar Search Results

Integration of financial markets and national price levels: the role of exchange rate volatility

Hoffmann, Mathias; Tillmann, Peter - 2008

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/10010295879

Exchange-rate regime and economic growth: a review of the theoretical and empirical literature

Petreski, Marjan - 2009

The aim of this paper is to examine the theoretical and empirical arguments for the relationship between the exchange-rate regime and economic growth. As a nominal variable, the exchange rate (regime) might not affect the long-run economic growth. However, there is no unambiguous theoretical...

Persistent link: https://www.econbiz.de/10010298819

Was the emergence of the international gold standard expected? Melodramatic evidence from Indian government securities

Flandreau, Marc; Oosterlinck, Kim - 2011

-silver exchange rate in world markets were accused to lead to brutal and unsustainable switches of bimetallic countries' money …

Persistent link: https://www.econbiz.de/10010316773

International currency: Myths and realities

Eichengreen, Barry - In: The Journal of European Economic History (JEEH) 52 (2023) 3, pp. 9-41

Persistent link: https://www.econbiz.de/10015206859

Iceland's financial crisis in an international perspective

Halldorsson, Olafur G. - 2010

Persistent link: https://www.econbiz.de/10014306487

Does the nominal exchange rate regime affect the long Run properties of real exchange rates?

Dreger, Christian; Girardin, Eric - 2007

This paper examines whether the behaviour of the real exchange rate is associated with a particular regime for the nominal exchange rate, like fixed and flexible exchange rate arrangements. The analysis is based on 16 annual real exchange rates and covers a long time span, 1870-2006. Four...

Persistent link: https://www.econbiz.de/10010264984

Managed Floats to Damp Shocks like 1982-5 and 2006-9: Field and Laboratory Evidence for Chinese Interest in a Single World Currency

Pope, Robin; Selten, Reinhard; Kube, Sebastian; von … - 2009

laboratory experiment that incorporates more aspects of real world complexity and more different sorts of official and private …-conflict model of exchange rate determination , and is within an umbrella theory of Pope, namely SKAT, the Stages of Knowledge Ahead … Theory. SKAT allows for risk effects from stages omitted in normal models, including those from (a) difficulties of agents in …

Persistent link: https://www.econbiz.de/10010274185

Exchange rate pass-through in the global economy: the role of emerging market economies

Bussière, Matthieu; Peltonen, Tuomas A. - 2008

This paper estimates export and import price equations for 41 countries –including 28 emerging market economies. Further, it relates the estimated elasticities to structural factors and tests for statistical breaks in the relation between trade prices and exchange rates. Results indicate that...

Persistent link: https://www.econbiz.de/10011604997

Beggar Thy Neighbour: Exchange Rate Regime Misadvice from Misunderstandings of Mundell (1961)

Pope, Robin - 2007

unaddressed when economists extended Mundell (1961) via expected utility theory since this theory also ignores the impossibility … decisions. The problems can be overcome by modelling within SKAT, the Stages of Knowledge Ahead Theory. This paper points to …

Persistent link: https://www.econbiz.de/10010263183

The damage from clean floats: From an anti-inflationary monetary policy

Pope, Robin; Selten, Reinhard; Kaiser, Johannes; Kube, … - 2007

embeds a new theory of exchange rate determination involving the uncontroversial power of fully cooperating central banks to … totally fix the exchange rate. The new model is within a broader theory that includes risk effects normally excluded, SKAT …, the Stages of Knowledge Ahead Theory. We use SKAT to analyse outliers in our experimental results, and indicate some new …

Persistent link: https://www.econbiz.de/10010274161