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What Makes Currencies Volatile?An Empirical Investigation
Bleaney, Michael F.; Francisco, Manuela - University <Nottingham> / Department of Economics - 2008
Real effective exchange rate volatility is examined for 90 countries using monthlydata from January 1990 to June 2006. Volatility decreases with openness tointernational trade and per capita GDP, and increases with inflation, particularlyunder a horizontal peg or band, and with terms-of-trade...
Persistent link: https://www.econbiz.de/10005868573
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FOREIGN DIRECT INVESTMENT AND EXCHANGERATES: A CASE STUDY OF U.S. FDI IN EMERGINGMARKET COUNTRIES
Udomkerdmongkol, Manop; Görg, Holger; Morrissey, Oliver - University <Nottingham> / Department of Economics - 2006
effects. The nominal bilateral exchange rate tothe $US captures the value of the local currency (a higher value implies a … cheaper currency andattracts FDI). Changes in the real effective exchange rate index (REER) proxy for expected changes inthe … postponed (encouraged). The temporary component of bilateralexchange rates is a proxy for volatility of local currency, which …
Persistent link: https://www.econbiz.de/10005868663
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EXCHANGE RATE REGIMES AND INFLATION –ONLY HARD PEGS MAKE A DIFFERENCE
Bleaney, Michael F.; Manuel Francisco - University <Nottingham> / Department of Economics - 2003
that “hard” pegs (currency boards or a shared currency) reduce inflationand money growth... …
Persistent link: https://www.econbiz.de/10005868816