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individual countries. The evolution of this aggregate indicator suggests that the US dollar has continuously dominated exchange …
Persistent link: https://www.econbiz.de/10013124257
individual countries. The evolution of this aggregate indicator suggests that the US dollar has continuously dominated exchange …
Persistent link: https://www.econbiz.de/10009160000
the U.S. dollar. To avoid further turmoil, the IMF now argues that these currencies should float more freely. However, our … econometric estimations show that the dollar's predominant weight in East Asian currency baskets has returned to its pre …-crisis levels. By 2002, the day-to-day volatility of each country's exchange rate against the dollar has again become negligible. In …
Persistent link: https://www.econbiz.de/10012729302
a new regime was introduced for setting the fix—the midpoint of the CNY's daily trading range against the U.S. dollar … dollar cross rates. While highly predictable, the fix is shown to have uneven predictive power for the subsequent evolution … volatility. On days of broad dollar strengthening, the CNY is found to depreciate against the dollar but appreciate against the …
Persistent link: https://www.econbiz.de/10012943314
Persistent link: https://www.econbiz.de/10009670832
This paper analyses the impact of central bank interven-tions in the inflation targeting regime. The results of empirical stud-ies in this paper show if there is a shock of the exchange rate, which would lead to depreciation of the exchange rate, a central bank may decide to mush instability on...
Persistent link: https://www.econbiz.de/10012805926
Persistent link: https://www.econbiz.de/10012614544
international role of the renminbi and to denominate more of its international claims away from the US dollar and into the renminbi …
Persistent link: https://www.econbiz.de/10013141641
international role of the renminbi and to denominate more of its international claims away from the US dollar and into the renminbi … ; exchange rate uncertainty ; dollar peg …
Persistent link: https://www.econbiz.de/10003956012
international role of the renminbi and to denominate more of its international claims away from the US dollar and into the renminbi …
Persistent link: https://www.econbiz.de/10013316219