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A cross-country empirical analysis of international reserves
Cheung, Yin-Wong; Ito, Hiro - 2009
. Furthermore, there is only limited evidence that East Asian economies including China and Japan are accumulating an excessive …
Persistent link: https://www.econbiz.de/10010271960
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The dollar and emerging market economies : financial vulnerabilities meet the international trade system
Shousha, Samer - 2019
This paper shows that dollar appreciations lead to declines in GDP, investment, and credit to the private sector in emerging market economies (EMEs). These results imply that the transmission of dollar movements to EMEs occurs mainly through financial conditions rather than net exports, contrary...
Persistent link: https://www.econbiz.de/10012126103
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A cross-country empirical analysis of international reserves
Cheung, Yin-Wong; Itō, Hiro - 2009
. Furthermore, there is only limited evidence that East Asian economies including China and Japan are accumulating an excessive …
Persistent link: https://www.econbiz.de/10003850507
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Determinants of currency choice in cross-border bank loans
Emter, Lorenz; McQuade, Peter; Pradhan, Swapan-Kumar; … - 2024
This paper provides insights into the determinants of currency choice in cross-border bank lending, such as bilateral distance, financial and trade linkages to issuer countries of major currencies, and invoicing currency patterns. Cross-border bank lending in US dollars, and particularly in...
Persistent link: https://www.econbiz.de/10014507151
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The valuation effects of trade
Barbiero, Omar - 2021 - This version: September 2021
This paper estimates the cash flow and real effects of currency mismatches generated by foreign-priced operations of French manufacturers. The value of transactions invoiced in foreign currencies is twice as sensitive to exchange rates as the value of transactions invoiced in the domestic...
Persistent link: https://www.econbiz.de/10012705025
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Stock market integration between three CEECs, Russia and the UK
Caporale, Guglielmo Maria; Spagnolo, Nicola - 2010
This paper estimates a tri-variate VAR-GARCH(1,1)-in-mean model to examine linkages between the stock markets of three Central and Eastern European countries (CEECs), specifically the Czech Republic, Hungary, and Poland, and both the UK and Russia. The adopted framework allows to analyse...
Persistent link: https://www.econbiz.de/10003942221
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Global production linkages and stock market comovement
Auer, Raphael A.; Iwadate, Bruce Muneaki; Schrimpf, Andreas - 2022
Although real integration conceptually plays an important role for the comovement of international equity markets, documenting this link empirically has proven challenging. We construct a new dataset of theory-guided, relevant measures of bilateral trade in final and intermediate goods and...
Persistent link: https://www.econbiz.de/10013169023
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Global production linkages and stock market comovement
Auer, Raphael A.; Iwadate, Bruce; Schrimpf, Andreas; … - 2023
Although real integration conceptually plays an important role for the comovement of international equity markets, documenting this link empirically has proven challenging. We construct a new dataset of theory-guided, relevant measures of bilateral trade in final and intermediate goods and...
Persistent link: https://www.econbiz.de/10014292801
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Are Wages Equal Across Sectors of Production? A Panel Data Analysis for Tradable and Non-Tradable Goods
Schmillen, Achim - 2011
The assumption that national labor markets are homogenous across tradable and non-tradable goods is common in multisector (open-economy) macro models and crucial for the prominent Balassa-Samuelson hypothesis. This study tests it with a novel method to distinguish the tradable and non-tradable...
Persistent link: https://www.econbiz.de/10010294719
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Cross-country price and inflation dispersion : retail network or national border?
Messner, Teresa; Rumler, Fabio; Strasser, Georg - 2023
(Why) do prices and inflation rates differ within the euro area? We study the relevance of a national border for …-level inflation rates differ for only half of the chains. The results highlight the importance of the history-dependent evolution of … distribution networks and of the structure of the sales organization as a driver of price and inflation heterogeneity. …
Persistent link: https://www.econbiz.de/10013552597