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Volatile and Persistent Exchange Rates : How Important are Distribution Costs?
Jin, Yi; Zeng, Zhixiong - 2007
This paper studies the role played by distribution costs in shaping exchange rate behavior over the business cycle. We assume, realistically, that transactions on tradable goods require a component of nontradable distribution services. This naturally drives a wedge between retail prices in...
Persistent link: https://www.econbiz.de/10014222830
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Influence of real exchange rate on the finance-growth nexus in the West African region
Ehigiamusoe, Kizito Uyi; Hooi Hooi Lean - In: Economies : open access journal 7 (2019) 1/23, pp. 1-21
This study examines the moderating effects of the real exchange rate and its volatility on the finance-growth nexus in … levels of the real exchange rates and its volatility. The findings show that financial development has a long-term positive … impact on economic growth, but this impact is weakened by real exchange rate and its volatility. The marginal effects of …
Persistent link: https://www.econbiz.de/10012020497
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Do remittances worsen export diversification?
Vardanyan, Erik - 2019
trade improvement and rise of real exchange rate volatility mostly increase export concentration rather than alter number of …
Persistent link: https://www.econbiz.de/10012051031
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How important is the real exchange rate for exports and growth?
Blecker, Robert A. - In: European journal of economics and economic policies : … 20 (2023) 2, pp. 250-265
is supported by recent empirical evidence. Most econometric studies find significant effects of RERs on exports and … growth, but subject to numerous qualifications. For example, RER effects on exports differ by type of goods exported, while …
Persistent link: https://www.econbiz.de/10014433725
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Relationships between exchange rate regime, real exchange rate volatility and currency structure of government bonds in emerging markets
Dudzich, Viktar - In: Národohospodářský obzor : časopis věnovaný … 20 (2020) 1, pp. 3-22
exchange rate regime type (both de jure and de facto) and real exchange rate volatility serving as explanatory variables. The … findings reveal that fixed exchange rate regime and high real exchange rate volatility is promoting the foreign currency …
Persistent link: https://www.econbiz.de/10012242309
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Determinants of real exchange rate movements in 15 emerging market economies
Goda, Thomas; Priewe, Jan - 2019
that although "commodity" and "industrial" EME are heterogeneous, REER volatility tends to be higher among the former. Yet …, REER volatility between emerging and advanced countries does not differ very much, apart from a few EME countries …
Persistent link: https://www.econbiz.de/10012107936
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The role of oil prices in exchange rate movements : the CIS oil exporters
Hasanov, Fakhri; Mikayilov, Jeyhun; Bulut, Cihan; … - In: Economies : open access journal 5 (2017) 2, pp. 1-18
implication of this research is that an appreciation of the real exchange rate is harmful for the exports of non-oil goods and …
Persistent link: https://www.econbiz.de/10011753820
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Global Value Chains and the Exchange Rate Elasticity of Exports
Ahmed Hannan, Swarnali - 2016
exports. Using a panel framework covering 46 countries over the period 1996-2012, we first find some suggestive evidence that … the elasticity of real manufacturing exports to the Real Effective Exchange Rate (REER) has decreased over time. We then … competitiveness of a fraction of the value of final good exports. In line with this intuition, we find evidence that GVC participation …
Persistent link: https://www.econbiz.de/10012999740
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International investment positions and exchange rate dynamics
Binder, Michael; Offermanns, Christian J. - 2014
We revisit medium- to long-run exchange rate determination, focusing on the role of international investment positions. To do so, we make use of a new econometric framework accounting for conditional long-run homogeneity in heterogeneous dynamic panel data models. In particular, in our model the...
Persistent link: https://www.econbiz.de/10010414236
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A Multiple-Horizon Search for the Role of Trade and Financial Factors in Bilateral Real Exchange Rate Volatility
Cheung, Yin-Wong - 2009
This study investigates the sources of bilateral real exchange rate (RER) volatility in industrial countries. Going … RER volatility at different time horizons. The results suggest that RER volatility tends to increase with financial …. Financial factors (financial openness and financial depth) are found to influence RER volatility at primarily short horizons …
Persistent link: https://www.econbiz.de/10013158418