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Forward Exchange Rate Biasedness Across Developed and Developing Country Currencies : Do Observed Patterns Persist Out of Sample?

Lucey, Brian M. - 2012

Forward exchange rate unbiasedness hypothesis (FRUH) has been a widely researched subject for decades. Recently, the sample populations of these studies have expanded to include developing country currencies. The majority of these findings have been that forward rate biasedness is more...

Persistent link: https://www.econbiz.de/10013101525

Commodity Trade and the Carry Trade : A Tale of Two Countries

Ready, Robert C. - 2020

Persistent interest rate differentials account for much of the currency carry trade profitability. "Commodity currencies" offer high interest rates on average, while countries that export finished goods tend to have low interest rates. We develop a general equilibrium model of international...

Persistent link: https://www.econbiz.de/10012857234

Towards a System of Multilateral Unit Labor Cost-Based Competitiveness Indicators for Advanced, Developing, and Transition Countries

turner, anthony robert - 2006

This paper attempts to extend the range of countries covered by the IMF`s multilateral real exchange rate indexes based on relative unit labor costs (REER-ULCs) in manufacturing. A data set was assembled that permits calculation of REER-ULCs for 23 newly industrialized, developing, and...

Persistent link: https://www.econbiz.de/10012782125

New Financial Indices for the History of Developed and Emerging Markets

Taylor, Bryan - 2022

New indices for developed and emerging markets are analyzed for stocks, bonds and bills over the past 300 years. Indices for commodity markets covering 1000 years and indices for real estate covering over 100 years are also provided. Bull and bear markets for fixed income are studied going back...

Persistent link: https://www.econbiz.de/10014236544

Volatility spillovers among developed and developing countries : the global foreign exchange markets

Mohammed, Walid Abass - In: Journal of risk and financial management : JRFM 14 (2021) 6, pp. 1-30

In this paper, we investigate the "static and dynamic" return and volatility spillovers’ transmission across developed and developing countries. Quoted against the US dollar, we study twenty-three global currencies over the time period 2005-2016. Focusing on the spillover index methodology,...

Persistent link: https://www.econbiz.de/10012605811

Utilizarea Cursurilor Valutare Drept Ancore Nominale Antiinflaţioniste (The Use of Exchange Rates as Nominal Anchors)

Dumitriu, Ramona - 2013

În ultimele decenii, utilizarea cursurilor valutare drept ancore nominale de fixare a preţurilor pare să cunoască un declin. Totuşi, pentru unele ţări, ţintirea cursurilor valutare ar putea fi o soluţie la actualele circumstanţe. În această lucrare vom aborda câteva elemente...

Persistent link: https://www.econbiz.de/10013071409

The mechanics of central bank intervention in foreign exchange markets

Basu, Kaushik (contributor) - 2009

Central banks in developing countries, wanting to devalue the domestic currency, usually intervene in the foreign exchange market by buying up foreign currency using domestic money-often backing this up with sterilization to counter inflationary pressures. Such interventions are usually...

Persistent link: https://www.econbiz.de/10003810222

The Impact of Corruption on the Black Market Premium

Bahmani‐Oskooee, Mohsen - 2011

Recently the impact of institutional factors on macro variables has been gaining momentum. Researchers have investigated the impact of corruption, law and order, and bureaucracy on economic growth, inflation, investment, productivity, and the real exchange rate. In this article, we investigate...

Persistent link: https://www.econbiz.de/10012757141

Innovation and the pharmaceutical industry : critical reflections on the virtues of profit

Engelhardt, Hugo Tristram (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003683080

Innovation and the Pharmaceutical Industry : Critical Reflections on the Virtues of Profit

Engelhardt, Hugo Tristram - 2008

Intro -- Contents -- Preface -- I. Introduction -- Pharmaceutical Innovation and the Market: The Pursuit of Profit and … the Amelioration of the Human Condition -- II. The Social Responsibility of Pursuing Profit -- The Unavoidable Goodness of … Profit: The Cunning of Reason and the Realization of Human Well-Being -- Corporate Social Responsibility and Business Ethics …

Persistent link: https://www.econbiz.de/10012680345