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Inflation Uncertainty, Exchange Rate Depreciation and Volatility: Evidence from Ghana, Mozambique and Tanzania

Molana, Hassan; Osei-Assibey, Kwame - Department of Economics Studies, University of Dundee - 2010

While flexible exchange rates facilitate stabilisation, exchange rate fluctuations can cause real volatility. This … gives policy importance to the causal relationship between exchange rate depreciation and its volatility. An exchange rate … this: depreciation makes exchange rate more volatile for all but volatility does not causes depreciation in Tanzania which …

Persistent link: https://www.econbiz.de/10008739720

Exchange Rate Policy and Foreign Exchange Reserves Management in Indonesia in the Context of East Asian Monetary Regionalism

Siregar, Reza; Rajan, Ramkishen - Centre for International Economic Studies, School of … - 2003

The first part of this paper examines the behaviour of rupiah over the last seven years (1996 - 2002) to ascertain whether in fact there is specific evidence of a return to de facto US dollar peg in Indonesia. To preview the main conclusion, we find evidence to suggest that this has been the...

Persistent link: https://www.econbiz.de/10008740114

Exchange Rate Policy and Reserve Management in Indonesia in the Context of East Asian Monetary Regionalism

Siregar, Reza; Rajan, Ramkishen - Centre for International Economic Studies, School of … - 2004

The first part of this paper examines the behaviour of rupiah over the last eight years (1995 - 2003) to ascertain whether in fact there is specific evidence of a return to de facto US dollar peg in Indonesia. While we fail to find strong evidence to suggest Indonesia has reverted to the extent...

Persistent link: https://www.econbiz.de/10008740121

Impact of Exchange Rate Volatility on IndonesiaÂ’s Trade Performance in the 1990s

Siregar, Reza; Rajan, Ramkishen - Centre for International Economic Studies, School of … - 2002

Whether a real devaluation ultimately proves to be expansionary or contractionary depends on whether the boost given to the exportables sector offsets any possible output-depressing effects that may accompany the expenditure-switching policy. Failure of the exportables sector to adequately...

Persistent link: https://www.econbiz.de/10008740142

Halaju wang di Malaysia : bukti empirik

Abdul Karim, Zulkefly; Jusoh, Mansor; Khalid, Norlin - Volkswirtschaftliche Fakultät, … - 2008

This paper aims to examine the volatility of money velocity and also to estimate the velocity of money function in … Malaysia by using the quarterly time series data. This study employed the recent econometric techniques such as volatility …

Persistent link: https://www.econbiz.de/10008740588

The determinants of home bias puzzle in equity portfolio investment in Australia

Vo, Xuan Vinh - Volkswirtschaftliche Fakultät, … - 2008

Over the past decades, there is an increased trend in the international financial integration as countries are removing and relaxing controls on cross-border investment. Capital can flow easily to the destination that offers higher returns as the results of decreasing obstacles to international...

Persistent link: https://www.econbiz.de/10008740593

Media Analysis on Volatile Markets’ Dynamics and Adaptive Behavior for the Agri-Food System

von Davier, Zazie; Heyder, Matthias; Theuvsen, Ludwig - In: International Journal on Food System Dynamics 1 (2010) 2

The volatility of agricultural markets has increased remarkably in recent years. In spite of this, the way in which … supply chain actors perceive market volatility has only rarely been analyzed. This paper seeks to close this research gap by … presenting empirical findings about how the volatility of agricultural markets is perceived, how increasing market volatilities …

Persistent link: https://www.econbiz.de/10008741300

Modeling Time-Varying Volatility and Expected Returns: Evidence from the GCC and MENA Regions

Janabi, Mazin A. M. Al; Hatemi-J, Abdulnasser; … - In: Emerging Markets Finance and Trade 46 (2010) 5, pp. 39-47

The aim of this study is to investigate empirically the underlying nexus of stock market returns and volatility in the … that volatility is time-varying in all countries, which indicates substantial variation in the degree of risk across time …. However, we do not find empirical support that this time-varying volatility significantly explains expected returns, except in …

Persistent link: https://www.econbiz.de/10008742553

The Return to Capital and the Business Cycle

Gomme, Paul; Ravikumar, B.; Rupert, Peter - In: Review of Economic Dynamics 14 (2011) 2, pp. 262-278

A widely cited failing of real business cycle models is their inability to account for the cyclical patterns of ?nancial variables. Perhaps less well known is the fact that the return to capital and equity are identical in the neoclassical growth model. This paper constructs a measure of the...

Persistent link: https://www.econbiz.de/10008751293

APPLYING THE BINOMIAL MODEL IN CASE OF EVALUATING CERTAIN DERIVATIVES

Armeanu, Dan; Obreja, Carmen - In: Theoretical and Applied Economics 11(516)(supplement)(vol2) (2007) 11(516)(supplement)(vol2), pp. 49-54

The purpose of this article is to prepare an analysis of the most traded options on the stock and commodities exchange by using the Binomial Model. The main indicators of sensitivity are calculated and interpreted, and it is shown that, on long term the solutions of this model converge to the...

Persistent link: https://www.econbiz.de/10008751375