Narrow search
Showing 1 - 10 of 1,386
Cover Image
Long memory and volatility dynamics in the US dollar exchange rate
Caporale, Guglielmo Maria; Gil-Alana, Luis A. - 2010
This paper focuses on nominal exchange rates, specifically the US dollar rate vis-à-vis the Euro and the Japanese Yen at a daily frequency. We model both absolute values of returns and squared returns using long-memory techniques, being particularly interested in volatility modelling and...
Persistent link: https://www.econbiz.de/10010271381
Cover Image
Japan's deflationary hangover: Wage stagnation and the syndrome of the ever-weaker yen
McKinnon, Ronald I. - 2007
Japan still suffers a deflationary hangover from the great episodic yen appreciations of the 1980s into the mid-1990s …. Money wages are still declining, and short-term interest rates remain trapped near zero. After Japan's 'lost decade' from … Europe and the United States have grown, and are growing, faster than in Japan. As the yen becomes weaker in real terms …
Persistent link: https://www.econbiz.de/10010279689
Cover Image
What drives exchange rates? New evidence from a panel of US dollar bilateral exchange rates
Cayen, Jean-Philippe; Coletti, Donald; Lalonde, René; … - 2010
six quarterly U.S. bilateral real exchange rates Australia, Canada, the euro, Japan, New Zealand and the United Kingdom …
Persistent link: https://www.econbiz.de/10010280027
Cover Image
Exchange rate misalignments: Historical experience of Japan, Germany, Singapore and Taiwan compared to China today
Qin, Duo; He, Xinhua; Liu, Yimeng - 2010
This is a comparative study on the historical experience of real effective exchange rate (REER) misalignment of Japanese yen, Deutsche mark, Singapore dollar and Taiwan dollar, with regard to the recent dispute over the Renminbi (RMB) valuation. Panel-based misalignment estimates of the four...
Persistent link: https://www.econbiz.de/10010280742
Cover Image
Do both US and foreign macro surprises matter for the intraday exchange rate? Evidence from Japan
Fatum, Rasmus; Hutchison, Michael; Wu, Thomas - 2008
surprises from both the U.S. and Japan. We attempt to fill this gap in the literature by investigating the effects of both U … macro news emanate from Japan. This finding is robust across three different estimation procedures. In addition, we find …
Persistent link: https://www.econbiz.de/10010285337
Cover Image
Purchasing power parity: Granger causality tests for the yen-dollar exchange rate
Schnabl, Gunther; Baur, Dirk - 2001
The paper analyses the causality between the Japanese-US relative export prices and the yen-dollar exchange rate. It explains why the Japanese yen proved strong even during the economic slump of the 1990s. The paper suggests that the appreciation of the Japanese yen forced the Japanese...
Persistent link: https://www.econbiz.de/10010305044
Cover Image
Weak economy and strong currency: The origins of the strong yen in the 1990's
Schnabl, Gunther - 2001
During the 1990's the Japanese yen proved astonishingly strong despite the persisting recession. This paper tracks the origins of the high yen. It analyses the influence of interest rates, prices and foreign exchange policy on the yen-dollar exchange rate. It comes to the conclusion that real...
Persistent link: https://www.econbiz.de/10010305081
Cover Image
Exchange rate dynamics, expectations, and monetary policy
Chen, Qianying - 2011
This paper re-investigates the implications of monetary policy rules on changes in exchange rate, in a risk-adjusted, uncovered interest parity model with unrestricted parameters, emphasizing the importance of modeling market expectations of monetary policy. I use consensus forecasts as a proxy...
Persistent link: https://www.econbiz.de/10010305998
Cover Image
Weak Economy and Strong Currency: The Origins of the Strong Yen in the 1990s
Schnabl, Gunther - In: Vierteljahrshefte zur Wirtschaftsforschung 70 (2001) 4, pp. 489-503
Der Yen ist in der japanischen Rezession der 90er Jahre überraschend stark geblieben. Der Aufsatz untersucht die Ursachen für den hohen Yen. Er analysiert den Einfluss von Zinsen, Preisen und Währungspolitik. Danach haben reale Zinsdifferenzen allenfalls einen kurzfristigen Einfluss auf den...
Persistent link: https://www.econbiz.de/10010377557
Cover Image
Deflation, Kreditklemme, Bankenkrise - Erwacht Deutschlands Finanzindustrie 2004 aus ihrem (medialen) Albtraum?
Paul, Stephan; Stein, Stefan; Thieme, H. Jörg - In: Ifo Schnelldienst 57 (2004) 01, pp. 14-23
»Deflation«, »Kreditklemme« und »Bankenkrise« waren die Schlagworte in derFinanzpresse des Jahres 2003. Insbesondere hier zu Lande wurde über Monate in den Medien davon gesprochen, dass sich Deutschland in der japanischen Malaise befände. In ihrem Beitrag gehen Prof. Dr. Stephan Paul,...
Persistent link: https://www.econbiz.de/10005013279