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Deviations from the Law of One Price in Japan

Cheung, Yin-Wong - 2013

to a product's tradability. For individual products, LOP deviations are affected by their own inflation rates and, to a … deviation series are found to display considerable persistence and there is limited evidence that tradability enhances price … lesser extent, by aggregate inflation, output variations, and monetary variability. Interestingly, the trend behavior remains …

Persistent link: https://www.econbiz.de/10012753617

Deviations from the law of one price in Japan

Cheung, Yin-Wong (contributor); Fujii, Eiji (contributor) - 2008

Persistent link: https://www.econbiz.de/10003674431

International financial market integration, asset compositions and the falling exchange rate pass-through

Enders, Almira; Enders, Zeno; Hoffmann, Mathias - 2014

This paper provides an explanation for the observed decline of the exchange rate pass-through into import prices by modeling the effects of ﬁnancial market integration on the optimal choice of the pricing currency in the context of rigid nominal goods prices. Contrary to previous literature,...

Persistent link: https://www.econbiz.de/10010396136

International financial market integration, asset compositions and the falling exchange rate pass-through : conference paper

Enders, Zeno; Enders, Almira; Hoffmann, Mathias - 2014 - Preliminary

This paper provides an explanation for the observed decline of exchange rate pass-through into import prices by modeling the effects of financial market integration on the optimal choice of the pricing currency in the context of rigid nominal goods prices. Contrary to previous literature, the...

Persistent link: https://www.econbiz.de/10010486033

International financial market integration, asset compositions, and the falling exchange rate pass-through

Enders, Almira; Enders, Zeno; Hoffmann, Mathias - 2015

This paper provides an explanation for the observed decline of the exchange rate pass-through into import prices by modeling the effects of financial market integration on the optimal choice of the pricing currency in the context of rigid nominal goods prices. Contrary to previous literature, we...

Persistent link: https://www.econbiz.de/10011294137

International financial market integration, asset compositions, and the falling exchange rate pass-through

Enders, Almira; Enders, Zeno; Hoffmann, Mathias - 2017

Persistent link: https://www.econbiz.de/10011654742

Deviations from Purchasing Power Parity : Causes and Welfare Costs

Engel, Charles; Rogers, John H. - 2000

We explore deviations from short-run purchasing power parity across European cities, attempting to move beyond a "first generation" of papers that document very large border effects. We document two very distinct types of border effects embedded in relative prices. The first is a "real barriers...

Persistent link: https://www.econbiz.de/10014154076

A Network Visualization of Financial Integration and Credit Risk

Inekwe, John Nkwoma - 2016

This study relates financial integration to credit risk of banks in a panel of countries. Over the period of study, we compute measures of financial integration for a panel of banks and examine how they relate to the credit risk of borrowing banks. The result of an instrumental variable approach...

Persistent link: https://www.econbiz.de/10013003985

International Financial Integration of South-Mediterranean Economies : A Bird's-Eye View

Peeters, Marga - 2012

Should South-Mediterranean economies continue their financial integration in the world economy, considering their current stance and in view of the experiences of developed economies with the global financial crisis? The economies of the North-African rim, that is Morocco, Algeria, Tunisia,...

Persistent link: https://www.econbiz.de/10013108515

Financial Integration and International Risk Sharing

Bai, Yan - 2009

Conventional wisdom suggests that financial liberalization can help countries insure against idiosyncratic risk. There is little evidence, however, that countries have increased risk sharing despite recent widespread financial liberalization. This work shows that the key to understanding this...

Persistent link: https://www.econbiz.de/10013153048