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We examine the response of the news-based Corruption Reflection Index (CRI) to positive shocks in oil revenues in Iran … case study of clientelism in public investment projects in Iran from 2002 to 2012 and their impact on the public budget. …
Persistent link: https://www.econbiz.de/10014418015
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Although the link between oil prices and dollar exchange rates has been frequently analyzed, a clear distinction between prices and nominal exchange rate dynamics and a clarification of the issue of causality has not been provided. In addition, previous studies have mostly neglected...
Persistent link: https://www.econbiz.de/10009771139
We analyze total, asymmetric and frequency connectedness between oil and forex markets using high-frequency, intra-day data over the period 2007 - 2017. By employing variance decompositions and their spectral representation in combination with realized semivariances to account for asymmetric and...
Persistent link: https://www.econbiz.de/10012035050
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Until 2012, the Central Bank of Iran (CBI) used its policy rate to stabilise the rial's exchange rate and, given a … Iran intensified and the value of the rial halved against the US dollar. Since then Iran has followed a dual interest rate … the exchange rate regime, this paper investigates the impact of the real exchange rate on the trade balance in Iran over …
Persistent link: https://www.econbiz.de/10012285456
Trade in intermediate goods as one possible link between rising trade and foreign direct investment is examined. To explain growing intermediate goods trade, three hypotheses are brought forward: outsourcing, global sourcing and the increasing importance of MNE networks. These hypotheses are...
Persistent link: https://www.econbiz.de/10011473479
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Following the well-known approach by Adler and Dumas (1984) we evaluate the foreign exchange rate exposure of nations. Results based on data from 27 countries show that national foreign exchange rate exposures are significantly related to the current trade balance variables of corresponding...
Persistent link: https://www.econbiz.de/10003412063