Search Results - subject_exact:"Exchange rate"

A simple method for estimating multiple natural rates simultaneously : estimation of Japan's potential output and natural foreign exchange rate

Kamada, Koichiro - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015616967

The impact of exchange rate fluctuations on export performance in the context of global supply chain participation : the case of automotive exports in Egypt

Ebiary, Hend El; Garf, Mona El; Fayed, Mona E. - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015614150

OPENSIMPLEST : the smallest SFC open economy model

Zezza, Francesco - 2026

This article introduces OPENSIMPLEST, a highly parsimonious stock-flow consistent (SFC) model of an open economy. The model is designed as a pedagogical and analytical benchmark that preserves the core mechanisms of more complex open-economy SFC frameworks while remaining complete, transparent,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015588384

Macroeconomic determinants and green assets in explaining stock return dynamics : evidence from Indonesia

Nurdina, Nurdina; Nurkholis, Nurkholis; Adib, Noval; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015620137

Do fluctuations in energy sector matter for monetary policy? : an ARDL and NARDL approach

Yermekova, Zhanna; Coban, Orhan; Turarov, Dauren; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015621544

Impact of macro-economic factors on CEO compensation : evidence from JSE-listed banks

Marozva, Rudo Rachel; Maloa, Frans - 2026

The debate over CEO compensation persists despite extensive efforts by academics and technocrats to understand its determinants. Most research has focused on how firm-specific characteristics and CEO-specific traits influence CEO compensation. However, the results have been contradictory,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015626013

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

Monetary fundamentals and exchange rate forecasting in hyperinflation

Alawin, Mohammad - 2026

The Meese-Rogoff puzzle suggests that exchange rate models rarely outperform a random walk in out-of-sample forecasting. This paper re-examines that puzzle in the context of the German hyperinflation, an environment in which monetary forces dominate economic behavior. Using simple bivariate...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015628383

Risk premiums, market volatility, and exchange rate dynamics : evidence from the Yen carry trade

Guyot, Opale; Montgomery, Heather; Yang, Peiqing - 2026

Persistent deviations from Uncovered Interest Rate Parity (UIRP) represent a central puzzle in international finance and a key source of currency risk for global investors. This study examines the UIRP puzzle in the JPY/USD market through the lens of financial risk transmission, focusing on how...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015638924

Learning about inflation and exchange rates

Beuermann, Diether W.; Bottan, Nicolas L.; Hoffmann, Bridget - 2026

We study how expert forecasts about inflation and nominal exchange rates affect households' inflation perceptions, exchange rate beliefs, and later durable-goods holdings in a small open economy. Using a randomized information experiment in Suriname, we provide households with expert forecasts...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015656704

Asymmetric effects of oil price shocks on stock markets : a NARDL analysis for Türkiye and Kazakhstan

İmamoğlu, Özkan - 2026

This study examines the asymmetric responses of stock market indices in Türkiye and Kazakhstan to oil price shocks during the 2010-2025 period. Using the Nonlinear Autoregressive Distributed Lag (NARDL) model, the study decomposes the nonlinear effects of oil price fluctuations on financial...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015633797

Short vs medium-run: exchange rate movements, investment and the currency composition of balance sheets

Camilo Medellín, Juan; Restrepo-Ángel, Sergio - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015665390

Capital flows, exchange rates and financial conditions in EMEs in an evolving international monetary system : papers in this volume were prepared for a meeting of emerging market economy Deputy Governors organised by the Bank for International Settlements on 12-13 March 2026

2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015667777

Global banks' spillovers to emerging markets

Arnabal, Luis Rodrigo; Camara, Santiago; Dassatti … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015617900

Costly imports : exchange rate shocks and trade misreporting by firms

Liaqat, Zara; Hussain, Karrar - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015206917

Inflation differentials in the African economic community

Iorngurum, Tersoo David - 2025

This paper examines the determinants of inflation differentials across member states of the African Economic Community (AEC). The results suggest that exchange rate depreciation, GDP per capita growth, price divergence, fiscal deficit, and periods of economic instability all contribute to higher...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015272020

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Inflation differentials in the African economic community

Iorngurum, Tersoo David - 2025

Book / Working Paper

Does FX hedge mitigate the impact of exchange rate changes on credit risk? : evidence from a small open economy

Skufi, Lorena; Gersl, Adam - 2025

This study investigates the impact of exchange rate fluctuations on non-performing loans (NPLs), using a unique bank-by-bank dataset on lending to FX hedged and FX unhedged borrowers. Employing fixed effects and panel quantile regression, we analyze how changes in exchange rate affect the NPL...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015272046

Climate actions, public investment and inflationary effects in a small open economy

Traficante, Guido - 2025 - This version: February 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015334661

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://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015193778

The impacts of disasters on capital flows, international reserves and exchange rates : implications for public sector financial risk management and development lenders

Lo, Yuen C.; Volz, Ulrich - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015359877

Macroeconomic effects of raising oil prices : insights from Morocco

Ritahi, Oussama; Echaoui, Abdellah - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015416558

Managing the chaos : policy challenges in a hyperinflationary environment

Boitani, Andrea; Dragomirescu-Gaina, Catalin; … - 2025

We delve into Venezuela's 2018-2019 hyperinflation episode to examine the policy constraints autocratic governments face during extreme economic distress. We develop a simple model that reflects dynamics in a segmented foreign exchange (FX) market and allows us to understand how media coverage...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015418068

Asymmetric impacts of the World Uncertainty Index and exchange rates on tourism using non-linear Autoregressive Distributed Lag models

Zhang, Xuefeng; Chen, Yueyi; Lu, Xiangqing; Woraphon Yamaka - 2025

The tourism industry is highly susceptible to global economic fluctuations and uncertainties. Understanding the asymmetric effects of macroeconomic factors on tourism demand is crucial for developing effective policies and strategies in the sector. This study examines the asymmetric impacts of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015420109

Domestic and external determinants of inflation : an empirical investigation for Egypt

Hashem, Heba Y.; Mohieldin, Mahmoud Safwat; Abdelsalam, … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015420252

The impact of exchange rate volatility on South African agricultural exports

Choga, Ireen; Mashao, Teboho Charles - 2025

The South African exchange rate has been volatile in recent years affecting the competitiveness of commodities in the market. Consequently, South African agricultural exporters have faced lower profitability or entire losses. More South Africa is among the top agricultural exporters in Africa....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015466354

Drivers of china green bonds : an ARDL analysis of economic policy uncertainty, financial market volatility, exchange rates, and commodity prices

Darsono, Susilo Nur Aji Cokro; Bi, Chuanchen; Mutiara, Intan - 2025

Understanding the impact of macroeconomic variables on China’s green bond market is crucial for developing effective policies and strategies that promote sustainable finance. This study examines the influence of economic policy uncertainty, financial market volatility, exchange rates, and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015448667

Comparative analysis of VAR and SVAR models in assessing oil price shocks and exchange rate transmission to consumer prices in South Africa

Majenge, Luyanda; Mpungose, Sakhile; Msomi, Simiso - 2025

This study compared standard VAR, SVAR with short-run restrictions, and SVAR with long-run restrictions to investigate the effects of oil price shocks and the foreign exchange rate (ZAR/USD) on consumer prices in South Africa after the 2008 financial crisis. The standard VAR model revealed that...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015408192

Structural exchange rate modeling : the case of a small open economy

Kuzmin, Anton - 2025

A new mathematical structural model of the exchange rate and a new nonlinear multifactorial dependence of the exchange rate dynamics on a wide system of fundamental economic factors are the main results of the work. The model includes a wide system of economic factors based on the balance of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015409015

Empirical investigation of the sources of inflation in Sri Lanka : assessing the roles of global and domestic drivers

Ekanayake, E. M.; Dissanayake, P. M. A. L. - 2025

The annual inflation rate in Sri Lanka accelerated to record levels in recent years, especially after the COVID-19 pandemic. Though the inflation rate had declined to pre-pandemic levels by mid-2024, it is of great importance to identify the factors that caused hyperinflation during the COVID-19...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015409975

A general equilibrium model with real exchange rates

Tariffi, Leonardo - 2025

In this paper, the Balassa-Samuelson-Tariffi effect is revisited. This research first aims to explain that the behaviour of the real exchange rate shows structural breaks in the short term. A partial equilibrium model "á la Rogoff" is formally formulated where there are relative prices of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015410912

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A general equilibrium model with real exchange rates

Tariffi, Leonardo - 2025

Article

Local agricultural markets and external shocks : the case of Poland

Ciżkowicz, Piotr; Janecki, Jarosław; Olipra, Jakub; … - 2025

We quantify the role of individual factors in shaping the domestic prices of selected grains and oilseeds in Poland and test the hypothesis of whether a favorable supply situation can isolate the domestic market from external shocks. We carried out estimations using error correction and local...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015432138

Central bank's surprise policy and its potential to change people's deflationary mindset : evidence from the yen-dollar exchange market

Kamada, Koichiro - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015432747

Do financial development and exchange rates drive the tourism-growth relationship?

Obi, Pat; Addae-Ankrah, Kwaku; Sarpong-Kumankoma, Emmanuel - 2025

This study expands the tourism development literature by examining how currency valuation and financial sector maturity influence the tourism-growth relationship. While prior research emphasizes direct or bidirectional causality, this study distinguishes itself by exploring the mediating and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015436951

Financial policies and corporate income tax administration in Nigeria

Omodero, Cordelia Onyinyechi; Yado, Joy Limaro - 2025

Corporate taxation assumes a pivotal role in all economies, as it constitutes a substantial source of revenue for governmental agencies tasked with fulfilling social obligations. Nonetheless, modifications in financial policies and the unpredictability of macroeconomic factors result in a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015436970

Asymmetric effects of exchange rates and oil prices on inflation in Egypt

Kamara, Ahmed Mohamed; Sallam, Mohamed A. M.; Ebrahim, … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015438862

Probing the exchange rate's asymmetric reaction to oil price changes in the new BRICS Plus group

Helmy, Heba - 2025

We aim to show how any variants of a unified currency among BRICS Plus countries are challengeable, by probing the disparate influence of the positive and negative alterations in the crude oil's international price on the real effective exchange rates. The paper applies the nonlinear...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015443281

Climate change shocks and monetary policy in South Africa : a simulation-based analysis

Chirume, Admire Tarisirayi; Hurungo, James; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015445125

An analysis of the effect of tourism revenues, exchange rates, and oil prices on GDP in Kazakhstan using the quantile regression method

Bejsenova, Madina Unajbekovna; Sarsenova, Aķmaral … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015563821

The effect of oil price shocks on the exchange rate in Iran, using the Markov-switching approach

Yarmohammadi, Younes - 2025

This research analyzes how changes in oil supply, global demand, and oil prices have impacted Iran's real exchange rate in dollars. Monthly statistics were utilized from April 1990 to September 2015. Using a structural vector autoregression model, triple oil shocks were first derived. Then, the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015612192

The effects of exchange rate changes on Sudanese output : an asymmetric analysis using the NARDL model

Sharaf, Mesbah Fathy; Shahen, Abdelhalem Mahmoud; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015612433

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The effects of exchange rate changes on Sudanese output : an asymmetric analysis using the NARDL model

Sharaf, Mesbah Fathy; Shahen, Abdelhalem Mahmoud - 2023

Book / Working Paper

Brexit and the cost of living : a tale of two phases

Di Pace, Federico; Mangiante, Giacomo; Masolo, Riccardo - 2025

We employ Synthetic Control Method techniques to estimate the causal effect of Brexit on the consumer price index (CPI) in the United Kingdom. We construct a counterfactual CPI index from a weighted pool of comparable economies and find that the price level of the United Kingdom rose...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015589613

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Brexit and the cost of living : a tale of two phases

Di Pace, Federico; Mangiante, Giacomo; Masolo, Riccardo - 2025

Book / Working Paper

Brexit and the cost of living : a tale of two phases

Di Pace, Federico; Masolo, Riccardo - 2025

Book / Working Paper

A systematic review of exchange rate studies in the context of Pakistan

Hina, Hafsa - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015526398

The influence of macroeconomic factors mediated by firm performance on firm value : a case study on infrastructure sector companies listed on the Indonesia Stock Exchange, 2019-2023

Jayatri, Pesona; Soma, Abdul Mukti - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015625904

Foreign exchange interventions and intermediary constraints

Ferreira, Alex Luiz; Mullen, Rory; Ricco, Giovanni; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015655755

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Foreign exchange interventions and intermediary constraints

Ferreira, Alex Luiz; Mullen, Rory; Ricco, Giovanni; … - 2024

Book / Working Paper

Foreign exchange interventions and intermediary constraints

Ferreira, Alex Luiz; Mullen, Rory; Ricco, Giovanni; … - 2024

Book / Working Paper

A new modeling approach to help address the trump tariffs

Horioka, Charles; Ford, Nicholas - 2025

In this paper, we show that the existing models and descriptions of the transfer of capital between countries that are provided in international economics are inadequate because they fail to explain the causes of, or the consequences of, persistent trade imbalances and because the assumption...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015633331

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A new modeling approach to help address the Trump tariffs

Horioka, Charles - 2025

Book / Working Paper

Trade and financial channel of the exchange rate with dollar dominance : is export growth elusive?

Neopane, Abyaya - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015482906

Buyer market power, transport mode, and exchange rate shocks

Del Prete, Davide; Rahman, Aminur; Tolva, Edoardo - 2025

This paper studies how international buyers' market power and transport mode shape the pass-through of exchange rate shocks to export prices. Using transaction level customs data from the Bangladeshi garment sector, we first document substantial buyer market power and the concentration of export...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015575631

Assessing the recent shift in the price relationship between India's and global grain markets

Ajewole, Kayode; Zereyesus, Yacob Abrehe; Cardell, Lila; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015396159

Monetary policy and the exchange rate in Norway

Mæhlum, Mathis - 2025

I estimate how monetary policy affects the exchange rate in Norway using a local projection instrumental variables (LP-IV) framework with high-frequency monetary policy surprises as instruments. I find that a surprise increase in the Norwegian policy interest rate leads to an immediate...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015396868

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Monetary policy and the exchange rate in Norway

Mæhlum, Mathis - 2025

Book / Working Paper

Investigating the dynamics of the profit rate, the exchange rate, and terms of trade in Brazil

Marquetti, Adalmir; Miebach, Alessandro; Morrone, Henrique - 2025

This paper explores the intricate relationship between profit rates, exchange rates, and terms of trade in the Brazilian economy from 2000 to 2023. Building on Weisskopf's (1979) decomposition of the profit rate, we demonstrate how exchange rates and terms of trade affect profit share, the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015397382