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A Reappraisal of the Border Effect on Relative Price Volatility
Cheung, Yin-Wong - 2013
Engel and Rogers (1996) find that crossing the US-Canada border can considerably raise relative price volatility and … that exchange rate fluctuations explain about one-third of the volatility increase. In re-evaluating the border effect …, this study shows that cross-country heterogeneity in price volatility can lead to significant bias in measuring the border …
Persistent link: https://www.econbiz.de/10012754392
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A reappraisal of the border effect on relative price volatility
Cheung, Yin-Wong; Lai, Kon S. - 2006
Engel and Rogers (1996) find that crossing the US-Canada border can considerably raise relative price volatility and … that exchange rate fluctuations explain about one-third of the volatility increase. In re-evaluating the border effect …, this study shows that cross-country heterogeneity in price volatility can lead to significant bias in measuring the border …
Persistent link: https://www.econbiz.de/10003270605
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A reappraisal of the border effect on relative price volatility
Cheung, Yin-Wong (contributor); Lai, Kon S. (contributor) - 2006
Engel and Rogers (1996) find that crossing the US-Canada border can considerably raise relative price volatility and … that exchange rate fluctuations explain about one-third of the volatility increase. In re-evaluating the border effect …, this study shows that cross-country heterogeneity in price volatility can lead to significant bias in measuring the border …
Persistent link: https://www.econbiz.de/10003300940
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A reappraisal of the border effect on relative price volatility
Cheung, Yin-Wong; Lai, Kon S. - In: International economic journal 20 (2006) 4, pp. 495-513
Persistent link: https://www.econbiz.de/10003407480
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Deviations of Exchange Rates from Purchasing Power Parity : A Story Featuring Two Monetary Unions
Bayoumi, Tamim A. - 2006
We examine the mean-reverting properties of real exchange rates, by comparing the unit root properties of a group of international real exchange rates with two groups of intra-national real exchange rates. Strikingly, we find that while the international real rates taken as a group appear...
Persistent link: https://www.econbiz.de/10012782287
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Is there really a "border effect"?
Morshed, A. K. M. Mahbub - In: Journal of international money and finance 26 (2007) 7, pp. 1229-1238
Persistent link: https://www.econbiz.de/10003565830
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How Wide is the Border?
Engel, Charles; Rogers, John H. - 1998
We use CPI data for U.S. and Canadian cities for 14 categories of consumer prices to examine the nature of the deviations from the law of one price. The distance between cities explains a significant amount of the variation in the prices of similar goods in different cities. But the variation of...
Persistent link: https://www.econbiz.de/10014074598
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Investment, Pass-Through, and Exchange Rates : A Cross-Country Comparison
Campa, José Manuel; Goldberg, Linda S. - 2006
Using detailed data from the United States, Canada, the United Kingdom, and Japan, we examine the implications of …
Persistent link: https://www.econbiz.de/10014074010
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Paper Pushers or Paper Money? Empirical Assessment of Fiscal and Monetary Models of Exchange Rate Determination
Chinn, Menzie David - 1998
This paper documents the evidence in support of fiscal and monetary exchange rates for the Canadian dollar, Deutschemark, Yen, and Pound over the 1974-1993 period. Cointegrating relationships between the real exchange rate and (i) fiscal impulses and (ii) productivity and government spending are...
Persistent link: https://www.econbiz.de/10014116846
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A reappraisal of the border effect on relative price volatility
Cheung, Yin-Wong; Lai, Kon-Sun - 2006
Engel and Rogers (1996) find that crossing the US-Canada border can considerably raise relative price volatility and … that exchange rate fluctuations explain about one-third of the volatility increase. In re-evaluating the border effect …, this study shows that cross-country heterogeneity in price volatility can lead to significant bias in measuring the border …
Persistent link: https://www.econbiz.de/10010274494