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Dollar dominance and the transmission of monetary policy

McLeay, Michael; Tenreyro, Silvana - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015614188

Exchange rate appreciation and structural adjustment : evidence from the Plaza Accord

Kumanomido, Hiroshi - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015616378

The impact of exchange rate depreciation on the performance of non-financial companies in Romania

Orțan, David; Sîrbu, Dragoș - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015637493

Explosive depreciation and expectation-driven overshooting : evidence from the GSADF test

Park, Jee Won; Kim, Hyo Sang - 2026

This paper examines whether episodes of sharp depreciation in East and Southeast Asian currencies reflect currency-specific instability or the regional transmission of the global dollar cycle. We apply the generalized supremum augmented Dickey-Fuller (GSADF) test of Phillips et al. (2015) to...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016060489

From the plaza accord to the Busan truce and back

Vallée, Shahin - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016072669

Canst thou beggar thy neighbour? : evidence from the 1930s

Bouscasse, Paul - 2026 - This version: June 2026

Does an exchange rate depreciation depress trading partners' output? I address this question through the lens of a classic episode: from 1931 to 1936, the largest economies in the world successively devalued their currency. In theory, the effect is ambiguous for countries that had not devalued:...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016085886

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Canst thou beggar thy neighbour? : evidence from the 1930s

Bouscasse, Paul - 2026

Book / Working Paper

Beggar-thy-neighbor by other means

Jaakko, Markkanen; Markku, Siikanen; Nelli, Valmari - 2026

A country that cannot devalue its currency can still cut its exporters' costs through industrial policy and steal business from foreign rivals. We call this beggar-thy-neighbor by other means and measure it for Finland's 2017- 2019 internal devaluation policy. We estimate the export demand for...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016093414

The exchange rate passthrough to domestic prices : new evidence from Colombia

Larrahondo, Cristhian; Chávez, Augusto; Álvarez, … - 2025

This paper calculates the exchange rate pass through (ERPT) with time constant and time varying coefficients for Colombia between 2006 and 2023. It then estimates the ERPT during four specific depreciation events during the period of analysis: the 2008 financial crisis, the 2014-2016 fall in...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015193778

The impact of currency depreciation and foreign exchange positions on bank lending : evidence from an emerging market

Bagsic, Cristeta; Bayangos, Veronica; Moreno, Ramon; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015412058

Currency-market devaluations : treating gold as a currency

Kunkler, Michael - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015444657

Stablecoin devaluation risk

Eichengreen, Barry; Nguyen, My T.; Viswanath-Natraj, Ganesh - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015445610

Currency Crises in the Post-Bretton Woods Era : A New Dataset of Large Depreciations

Culiuc, Alexander - 2025

We introduce a novel dataset of large depreciations worldwide since 1971. First, we use a multi-step approach to accurately pinpoint large depreciation events on monthly data. We then construct large depreciation episodes that cover 24 months after the initial depreciation event. The month-level...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015612959

The politics of structural reform in Ireland : dominant growth coalitions, domestic business elites, and internal devaluation

Dooley, Neil - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015597408

From the dollar standard regimeof the Plaza Accord to a crypto standard regime

Savona, Paola - 2025

Starting from the Plaza Agreement, which in 1985 proposed to regulate the functioning of the dollar standard, the international monetary system has experienced a series of evolutions following the collapse of the USSR, the development of globalization, culminating in the birth of the WTO and the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015553734

El plan de estabilización de Milei y Caputo : primeros doce meses

Ávila, Jorge C. - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015579059

The micro and macro of a large and sudden devaluation

Ariu, Andrea; Rivolta, Giulia - 2025

This paper quantifies the micro- and macro-level consequences of the sudden appreciation of the Swiss franc in 2015, one of the sharpest and most persistent currency movements in recent decades. Using detailed firm-level data on French imports and exports, we show that the Swiss franc...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015533203

Does fiscal devaluation always work? : a sectoral and business cycle perspective

Ciżkowicz, Piotr; Rzońca, Andrzej; Wojciechowski, Wiktor - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016074568

Fighting depreciation and inflationary pressures

Astrov, Vasily - 2024

The Russian authorities have been battling strong depreciation pressures, with the rouble having lost around 30% of its value since early 2023 (and inflationary pressures having risen strongly). The main reason for this is the declining supply of foreign exchange from foreign trade transactions,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015065597

Essays on exchange rate and economic performance

2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015083958

Competitive devaluations in the 1930s : myth or reality?

Ljungberg, Jonas - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014448190

Does exchange rate volatility affect the impact of appreciation and depreciation on the trade balance? : a nonlinear bivariate approach

Bosupeng, Mpho; Naranpanawa, Athula; Su, Jen-je - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014451157

Asymmetric exchange rate pass-through between unexpected yen appreciation and depreciation : the case for Japanese machinery exports

Liu, Nan; Satō, Kiyotaka - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014460718

The impact of a large depreciation on the cost of living of rich and poor consumers

Colicev, Anatoli; Hoste, Joris; Konings, Jozef - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015168455

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The impact of a large depreciation on the cost of living of rich and poor consumers

Colicev, Anatoli; Hoste, Joris; Konings, Jozef - 2022

Book / Working Paper

The Impact of a Large Depreciation on the Cost of Living of Rich and Poor Consumers

Colicev, Anatoli; Hoste, Joris; Konings, Jozef - 2024

Book / Working Paper

Devaluation, goods price variation and trade flows

Umoru, David; Obomeghie, Muhammed Adamu; Igbinovia, Beauty - 2024

Aim: The study evaluated the impact of devaluation and goods price variation on trade flows in a sample of 47 countries consisting of developing and developed nations from 1990 to 2023. Design/Research methods: The estimation techniques adopted in this work are the Panel Structural VAR (PSVAR),...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015323442

Exchange rate devaluations and external debt management in Africa

2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015331266

Currency wars and trade

Mitchener, Kris; Wandschneider, Kirsten - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015333883

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Currency wars and trade

Mitchener, Kris; Wandschneider, Kirsten - 2024

Book / Working Paper

Currency tars and trade

Mitchener, Kris; Wandschneider, Kirsten - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015616212

Currency devaluations, distribution conflict and inflation in a post-Kaleckian open economy model

Campana, Juan Manuel - 2024

The article develops a stylized medium-run post-Kaleckian open economy model with conflict inflation and combines two existing specifications of the income share targets of workers and firms. In the model, only the target of firms is directly affected by the real exchange rate. Workers do not...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015050162

New dawn fades : trade, labour and the Brexit exchange rate depreciation

Costa, Rui; Dhingra, Swati; Machin, Stephen - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015573554

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New dawn fades: trade, labour and the Brexit exchange rate depreciation

Costa, Rui; Dhingra, Swati; Machin, Stephen - 2022

Book / Working Paper

The political economy of exchange rates and export-led industrialization in South Korea

Vechsuruck, Tanadej Pete - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015653008

The Causal Effects of Expected Depreciations

Delgado Rojas, Martha Elena; Herreño, Juan; Hofstetter … - 2026

We construct a novel measure of one-year-ahead exchange rate forecasts and nowcasts for non-financial firms. We then study a randomized information intervention that provides a subset of firms with a publicly available exchange rate forecast. This information treatment persistently shifts...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015653939

Die deutsche Hyperinflation 1923 – was können wir heute davon lernen?

Heine, Michael; Herr, Hansjörg - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015173510

Distributional effects of exchange rate depreciations : beggar-thy-neighbour or beggar-thyself?

Fisera, Boris - 2023

While it is often argued that exchange rate depreciation has a beggar-thy-neighbour effect, in this paper, we investigate, whether exchange rate depreciation has a beggarthyself effect. Specifically, we explore the distributional consequences of Exchange rate movements. Using a heterogeneous...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014250367

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Distributional Effects of Exchange Rate Depreciations : Beggar-Thy-Neighbour or Beggar-Thyself?

Fisera, Boris - 2023

Book / Working Paper

Equity Market Reactions to War and Prior Currency Exchange Rate Depreciation

Kotyman, Alex Mark; Neszveda, Gabor - 2023

The Russian invasion of Ukraine is the biggest armed conflict in Europe since WW2, and undoubtedly it has a significant impact on global financial markets. Motivated by the theory and empirical evidence on the flow-oriented models, we examine the role of prior currency exchange rate depreciation...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014257515

On the pass-through of large devaluations

Casacuberta, Carlos; Licandro, Omar - 2023

In 2002 Uruguay faced a sudden stop of international capital flows, inducing a deep financial crisis and a large devaluation of the peso. The real exchange rate depreciated and exports expanded. Paradoxically, export shares and real exchange rates negatively correlate among Uruguayan exporters...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014261323

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On the pass-through of large devaluations

Casacuberta, Carlos; Licandro, Omar - 2023

Book / Working Paper

On the pass-through of large devaluations

Casacuberta, Carlos; Licandro, Omar - 2023

Book / Working Paper

On the Pass-Through of Large Devaluations

Casacuberta, Carlos; Licandro, Omar - 2023

Book / Working Paper

Central bank digital currencies and the emerging markets : the currency substitution challenge

Edwards, Sebastian - 2021

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013167560

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Central Bank Digital Currencies and The Emerging Markets : The Currency Substitution Challenge

Edwards, Sebastian - 2021

Book / Working Paper

Central Bank Digital Currencies and the Emerging Markets : The Currency Substitution Challenge

Edwards, Sebastian - 2023

Book / Working Paper

The real income channel and contractionary devaluations in a heterogeneous agent model for Latin America

Campos, Rodolfo G.; Paz, Peter - 2023

RationaleIn Latin America, it is not unusual to see exchange rate depreciations in excess of 20% in a single year. Although depreciation tends to stimulate a country’s net external demand, it does not always lead to increased output. It is worth understanding which channels may explain this...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014354339

Devaluation, exports and recovery from the Great Depression

Lennard, Jason; Paker, Meredith - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014546274

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Devaluation, exports, and recovery from the Great Depression

Lennard, Jason; Paker, Meredith M. - 2023

Book / Working Paper

Devaluation, exports, and recovery from the great depression

Lennard, Jason; Paker, Meredith - 2023

Book / Working Paper

The effects of currency devaluation on Ethiopia's major export commodities : the case of coffee and khat : evidence from the vector error correction model and the Johansen co-integration test

Elias, Abdelkaf; Dachito, Amsalu; Abdulbari, Shabu - 2023

Devaluation of the currency has been stipulated and utilized increasingly as a stabilization device in developing countries. The Ethiopian government employed a devaluation policy to improve the export performance of the country. However, various literature demonstrates that the devaluation of...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014500698

Corporate governance, financial transparency and currency devaluation shocks : evidence from Egypt

Hassaan, Marwa; Salah, Wafaa - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014338705

Antitrust Mercantilism : The Strategic Devaluation of Intellectual Property Rights in Wireless Markets

Barnett, Jonathan - 2023

Policy approaches to the enforcement and licensing of standard-essential patents in wireless communications markets reflect the competing interests of entities that specialize in the innovation or implementation segments of the technology supply chain. This same principle can anticipate the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014357620

The Complex Relationship between Devaluing the Dollar and Inflation

Angelov, Ivaylo - 2023

This paper explores the relationship between devaluing the dollar and inflation, examining both the theoretical frameworks and historical examples that shed light on this complex issue. While some argue that devaluation can decrease inflation by reducing demand or increasing the supply of goods...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014358356

Examining Liability of Foreignness Through Autocratic Sole Stakeholders’ Quiet Devaluation Actions

Thiel, Monica - 2023

Changing geopolitics sheds light on the importance to develop better understanding on the liability of foreignness through the rise of authoritarian states and the decline of democratic states and liberalism that hollow out democratic institutions and norms within and between countries because...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014359938

U.S. trade imbalances, East Asian exchange rates, and a new Plaza Accord

Thorbecke, Willem - 2023

The U.S. real effective exchange rate is at its highest level since 1985. In that year, the U.S. and its trading partners coordinated a depreciation of the dollar and the U.S. agreed to reduce its budget deficit. This paper reports that a dollar depreciation today would still improve U.S. trade...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014413932

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U.S. trade imbalances, East Asian exchange rates, and a new plaza accord

Thorbecke, Willem - 2022

Book / Working Paper

Die deutsche Hyperinflation 1923 : was können wir heute davon lernen?

Heine, Michael; Herr, Hansjörg - 2023

Eine Kombination von hohen in- und ausländischen Schulden und einer politisch instabilen Situation verunmöglichten es der jungen Weimarer Republik die schon am Ende des Ersten Weltkrieges hohen Budgetdefizite und Staatsschulden zu reduzieren. Als Versuche misslangen, den Wechselkurs zu...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015110387