Search Results - subject_exact:"Exchange rate system"

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Exchange rate regime flexibility and firms' employment

Contessi, Silvio; Du, Qingyuan; Gao, Deting; Pan, Lei; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015579757

Reconsidering the AMU - What is the optimal basket currency for Asia?

Kawasaki, Kentaro; Shimizu, Junko - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015606293

Global financial cycle, media coverage and currencies of emerging markets

Beckmann, Joscha; Agyapong, Joseph - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015627112

Exchange rate insulation revisited

Corsetti, Giancarlo; Küster, Keith; Müller, Gernot J.; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015640592

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Exchange rate insulation revisited

Corsetti, Giancarlo; Küster, Keith; Müller, Gernot J.; … - 2026

Book / Working Paper

Exchange rate insulation revisited

Corsetti, Giancarlo; Küster, Keith; Müller, Gernot J.; … - 2026

Book / Working Paper

When to align and when to contract : technology shocks, optimal policies, and exchange rate regimes

Kim, Hyeongwoo; Zhang, Shuwei - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015641833

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When to align and when to contract : technology shocks, optimal policies, and exchange rate regimes

Kim, Hyeongwoo; Zhang, Shuwei - 2025

Book / Working Paper

Cyclicality of international reserves, exchange rate flexibility, and output volatility

Fujii, Eiji; Qian, Xingwang - 2025

This paper investigates the cyclicality of international reserves and their role in macroeconomic stabilization. We challenge two widely held assumptions: (1) central banks typically manage IR counter-cyclically—accumulating reserves during booms and drawing them down during downturns; and (2)...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015371901

Monetary regimes with two nominal anchors : are they possible?

Fabris, Nikola - 2025

The traditional approach to monetary policy, which relied on one instrument to achieve a single goal, has proven ineffective during recent periods of global instability. In response to the challenges that this traditional framework could not address, non-standard monetary policy instruments have...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015375710

Resilience to terms of trade shocks in Sub-Saharan Africa : the role of fiscal policy and exchange rate regime

Yaya, Aminou - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015195245

Trade policy, exchange rates, and the globalization surge of the 1990s

Irwin, Douglas A. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015453443

WAEMU at a crossroads? : a contribution to the debate on the perspective of its monetary and exchange rate system

Cabrillac, Bruno; Guillaumont, Patrick; Guillaumont … - 2025

The monetary and exchange rate system of the West African Economic and Monetary Union (WAEMU) is characterised by a single currency, the West African CFA franc (XOF). Its anchor is a fixed exchange rate against the euro. France provides an unlimited and unconditional guarantee for this exchange...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015413850

Did the classical gold standard promote inflation convergence?

Miles, William - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015432048

The alignment of monetary policy in foreign countries with the Federal Reserve Bank's monetary policy : evidence from fixed and floating exchange rate regimes

AL-Hindawi, Hatem; Bashayreh, Alaʹ; Abdelhadi, Samer - 2025

The study participates in adding a new term to the monetary policy literature which is the alignment of monetary policies between foreign countries and the Federal Reserve Bank's policy. This study aims to examine the effect of the of the monetary policy alignment in foreign countries with the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015438508

Lebanon's eventual transition to a floating exchange rate system : balancing flexibility with stability

Sassine, Roudy - 2025

Lebanon's longstanding fixed exchange rate regime collapsed in the wake of the country's 2019 financial crisis. This paper examines the underlying causes of the collapse, offering a new policy framework based on a floating exchange rate system and detailing its superior qualities. However, the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015462462

Geopolitical risk and exchange rate dynamics in Sub-Saharan Africa's emerging economies

Yeboah, Samuel Duku; Agyei, Samuel Kwaku; Korsah, David; … - 2025

Geopolitical risk (GPR) and exchange rate dynamics have been examined in this research, utilizing QQR and Wavelet Coherence techniques in the emerging economies of SSA. The study examined how GPR affects exchange rates under varied, bearish, stable conditions in several emerging economies in...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015614111

Regime uncertainty and exchange rate dynamics : a political economy perspective

Ocampo, Emilio; Cachanosky, Nicolás - 2025

Exchange rates reflect macroeconomic fundamentals, which in turn are regime dependent. In politically unstable countries, expectations of regime change can have a significant impact on exchange rate dynamics. We exploit Argentina’s unexpected 2019 primary election results as a natural...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015580238

On optimal currency areas : common shocks versus common persistence of shocks

Grimm, Louisa; Steinkamp, Sven; Westermann, Frank - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015482714

Output divergence in fixed exchange rate regimes

Chen, Yao; Ward, Felix - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015574494

Fear of appreciation and current account adjustment

Bergin, Paul R.; Kim, Kyunghun; Pyun, Ju Hyun - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015574498

Trilemma versus dilemma : monetary autonomy and long-term interest rate independence

Kim, Kyunghun; Kim, So-yŏng - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015100784

Energy price dynamics in the face of uncertainty shocks and the role of exchange rate regimes : a global cross-country analysis

Afonso, António; Alves, José; Jalles, João Tovar; … - 2024

This study examines the effects of geopolitical risk and global uncertainty on energy prices, conditioned by different exchange rate regimes, for 185 economies over the period 1980-2023. The central question is how uncertainty impacts energy prices and whether exchange rate flexibility mediates...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015074620

Impact of exchange rate regime change on Bangladesh RMG exports to the USA and the EU

Kashem, Mohammad Abul - 2024

Bangladesh adopted floating exchange rate system in May 2003. After that regime change, the country has faced a relatively higher volatility of nominal exchange rate than previous regime. Economic theories on volatility suggests that trade flow is adversely affected in response of fluctuation of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015076091

US monetary policy and real exchange rate dynamics : the role of exchange rate arrangements and capital controls

Ma, Zhenyu; Wang, Junbo; Wang, Ning; Xiao, Zehua - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015079990

Exchange rate in emerging markets : shock absorber or source of shock?

Pym Manopimoke; Nuwat Nookhwun; Jettawat Pattararangrong - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015076313

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Exchange rate in emerging markets : shock absorber or source of shock?

Pym Manopimoke; Nuwat Nookhwun; Jettawat Pattararangrong - 2024 - This version: 22 April 2024

Edition: This version: 22 April 2024

Book / Working Paper

The industrial cost of fixed exchange rate regimes

Gnimassoun, Blaise; Grekou, Carl; Mignon, Valérie - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014532386

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The industrial cost of fixed exchange rate regimes

Gnimassoun, Blaise; Grekou, Carl; Mignon, Valérie - 2024

Book / Working Paper

Macroprudential policies and dollarisation : implications for the financial system and a cross-exchange rate regime analysis

Bajrami, Fisnik - 2024

Macroprudential policy has gained prominence for promoting financial stability. In this paper, we assess the effectiveness of macroprudential policy in reducing credit growth over a 22-year period across 129 countries. Additionally, we investigate the interaction between macroprudential policy,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014496532

Monetary policy under natural disaster shocks

Cantelmo, Alessandro; Fatouros, Nikos; Melina, Giovanni; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014511827

Financial account determinants of exchange rate regime switching in developing countries

Dudzich, Viktar - 2024

The paper explores the interconnections between foreign capital flows and the exchange rate regime switching in developing countries. We formulate the exchange rate regime switching as annual time series of binary/ordered variables employing de facto classification of exchange rate arrangements...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014516267

The RMB's global role as an anchor currency : no evidence

Heimonen, Kari; Rönkkö, Risto - 2024

This study examines the role of the Chinese renminbi (RMB) as an international anchor currency. After China abandoned its tight US dollar (USD) peg in 2005, the RMB found greater popularity as a reserve currency. This change in the RMB's role reflected China's growing presence in the global...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014519200

Central banks and the absorption of international shocks (1891-2019)

Bazot, Guillaume; Monnet, Eric; Morys, Matthias - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015145608

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Central banks and the absorption of international shocks (1891-2019)

Bazot, Guillaume; Monnet, Eric; Morys, Matthias - 2024

Book / Working Paper

Exchange rates and economic growth during the global business cycle : the role of labor market institutions

Kuokštis, Vytautas; Asali, Muhammad; Spurga, Simonas … - 2024

The effect of exchange rate regimes on economic performance is one of the key questions in international economics, both academically and policy-wise. Based on the theory of Optimum Currency Areas (OCA), we examine how labor market regulations affect the relationship between exchange rate...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015163468

Empirical analysis of pass through of exchange rate and its volatility to inflation in selected emerging economies

Ejaz, Mehak; Khalid, Qadeer - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015202330

Impact of exchange rate changes on export-import dynamics in Vietnam

Nguyen Hong Nga; Pham Hoang An; Vo Thi Kim Loan; Cuong … - 2024

This study examines the impact of exchange rate changes on Vietnam's export-import dynamics during a transitioning exchange rate regime. Utilizing the Autoregressive Distributed Lag (ARDL) model, our findings indicate that global income and import levels are crucial in bolstering exports,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015211242

Monetary policy in Sweden after the end of Bretton Woods

Bylund, Emma; Iversen, Jens; Vredin, Anders - 2024

This paper discusses how monetary policy in Sweden has evolved since 1973. We provide a chronology of the different monetary policy regimes in place during the past fifty years and identify two main regimes, the pegged-but-adjustable exchange rate regime (1973 - 1992) and the inflation targeting...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014481194

Monetary regimes and real exchange rates : long-run evidence at the product level

Kim, Ji-hyun; Mello, Marco; Petracchi, Cosimo - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015046765

The macro neutrality of exchange-rate regimes in the presence of exporter-importer firms

Petracchi, Cosimo - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015046773

The exchange rate regime of the WAEMU : monetary stability at the expense of current account deficits and rising external financial liabilities? : a post-Keynesian view

Lampe, Florian - 2024

The West African Economic and Monetary Union (WAEMU) is a currency and customs union that is made up of the eight low-income countries Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo. Except for Guinea-Bissau, all member countries of the WAEMU have a shared...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015049323

The importance of sound monetary policy : some lessons for today from Canada's experience with floating exchange rates since 1950

Bordo, Michael D.; Siklos, Pierre L. - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014580968

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The Importance of Sound Monetary Policy : Some Lessons for Today from Canada's Experience with Floating Exchange Rates Since 1950

Bordo, Michael D.; Siklos, Pierre L. - 2023

Book / Working Paper

The global financial cycle and international monetary policy cooperation

Li, Shangshang - 2024

This paper evaluates gains from international monetary policy cooperation between the financial center and periphery countries in a two-country open economy model consistent with global financial cycles. Compared to the non-cooperative Nash equilibrium, the optimal cooperative equilibrium...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015402022

Currency hierarchy and financial globalization : implications for peripheral economies

Paula, Luiz Fernando de; Fritz, Barbara; Prates, … - 2026

"This insightful book investigates how financial globalization shapes the hierarchical order of currencies in the international monetary system, evaluating the implications for peripheral countries. Authors Luiz Fernando de Paula, Barbara Fritz and Daniela Magalhães Prates explore currency...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015611229

Test of exchange rate determination models : Türkiye application

Dursun, Engin; Barışık, Salih - 2026

"This book is derived from a doctoral thesis on exchange rate determination models in Turkey. Exchange rate is defined as the price of a country's currency in terms of another country's currency. Economic managers make choices among alternative exchange rate strategies according to the economic...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015590232

Defense spending, cost of living, and the optimal exchange rate regime during wartime in Ukraine

De Groot, Oliver; Skok, Yevhenii - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015640691

A theory of fear of floating

Bianchi, Javier; Coulibaly, Louphou - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015561056

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A theory of fear of floating

Bianchi, Javier; Coulibaly, Louphou - 2023

Book / Working Paper

A Theory of Fear of Floating

Bianchi, Javier; Coulibaly, Louphou - 2023

Book / Working Paper

How Should Central Banks Respond to Commodity Price Shocks? Optimal Monetary and Exchange Rate Frameworks for Commodity-Exposed Economies

Drechsel, Thomas; Tenreyro, Silvana; McLeay, Michael; … - 2026

We show that the optimal monetary policy and exchange rate framework depend critically on the economy's commodity exposure. We develop a flexible but tractable model economy with commodity exports and imports, in which international financial conditions may vary with the commodity cycle, and we...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015653928

From the 1931 sterling devaluation to the breakdown of Bretton Woods : Robert Triffin's analysis of international monetary crises

Maes, Ivo; Pasotti, Ilaria - 2023

Robert Triffin (1911-1993) was one of the main protagonists in the international monetary debates in the postwar period. He became famous with his book Gold and the Dollar Crisis, published in 1960, in which he predicted the end of the Bretton Woods system. In his analysis there, Triffin was...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013549701

Estimation of Nonlinear Exchange Rate Dynamics in Evolving Regimes

Frankel, Jeffrey A.; Hou, Yao; Xie, Danxia - 2024

This paper develops a new econometric framework to estimate and classify exchange rate regimes. They are classified into four distinct categories: fixed exchange rates, BBC (band, basket and crawl), managed floating, and freely floating. The procedure captures the patterns of exchange rate...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014635607

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Estimation of nonlinear exchange rate dynamics in evolving regimes

Frankel, Jeffrey A.; Hou, Yao; Xie, Danxia - 2023 - Revised January 22, 2023

Edition: Revised January 22, 2023

Book / Working Paper

Estimation of Nonlinear Exchange Rate Dynamics in Evolving Regimes

Frankel, Jeffrey A.; Hou, Yao; Xie, Danxia - 2023

Book / Working Paper

Asymmetric shocks and the Role of Exchange Rate in Emerging Markets : Evidence from India

De, Kuhelika - 2023

This paper examines the stabilization role of the flexible exchange rate in theface of asymmetric shocks for one of the prominent emerging markets and openeconomies, India, using a sign-identified structural Bayesian vector autoregressionmodel over the post reform period 1996-2019. My results...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014353600

Sovereign Risk, Debt Composition and Exchange Rate Regimes

Paczos, Wojtek; Keyser, Alice - 2023

We study how exchange rate regime affects the relationship between size and composition of sovereign debt and its riskiness. Domestic and foreign sovereign debt carry different exchange rate and default risks, which depend on the exchange regime. We collect data on the 10-year government bond...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014355515

Estimating Fiscal Multipliers Under Alternative Exchange Rate Regimes: The Case of Bolivia

Kass-Hanna, Tannous - 2023

Empirical (employing the Blanchard-Perotti framework) and modeling (using a country-specific DSGE model) approaches are used to estimate fiscal multipliers by policy instrument for Bolivia, to evaluate possible adjustments in a fiscal consolidation strategy. Multipliers are also estimated using...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015058920

The impossible trinity of developing countries : the Greek example

Đogo, Marko; Gligorić, Dragan; Grujić, Miloš; … - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014530210

A roadmap to a successful exchange rate regime transition : takeaways from 6 African transitions

Bouhali, Hamza; Dahbani, Ahmed; Dinar, Brahim - 2023

This article investigates the role of monetary policies in the success of exchange rate regime transition and the mitigation of related risks. We adopted a comparative methodology for three types of regime switches using 3 GARCH family models and data from 6 African countries over two decades....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014534992