Search Results - subject_exact:"Fester Wechselkurs"

Stablecoins and Fragility in Fixed Exchange Rate Regimes

Tan, Brandon - 2026

This paper studies how dollar stablecoins affect parallel foreign-exchange markets in economies with fixed or heavily managed exchange rates. When foreign currency is rationed, the true degree of exchange-rate misalignment is not directly observed. Traditional parallel markets reveal it only...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016087536

On the transmission of purchasing power parity in a group setting

Ntellas, Charēs; Tavlas, George S.; Hall, Stephen G. - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016089362

Transmission of global gold and US monetary shocks to a small open economy : evidence from the United Arab Emirates

Ritter, Mark A. - 2026

This study quantifies the transmission of global gold price shocks and US monetary shocks to the refining and trade sector of the United Arab Emirates, and the resulting response of real GDP. As an intermediate node in the global gold value chain, the UAE is exposed to upstream prices, Asian...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016089851

Lebanon : from dollars to lollars

Baz, Salim; Cathcart, Lara; Michaelides, Alexander G. - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015375054

Did the classical gold standard promote inflation convergence?

Miles, William - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015432048

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Did the Classical Gold Standard Promote Inflation Convergence?

Miles, William - 2023

Book / Working Paper

Currency Pegs, Trade Imbalances and Unemployment : A Reevaluation of the China Shock

Kim, Bumsoo; De la Barrea, Marc; Fukui, Masao - 2026

We develop a dynamic quantitative model of trade and labor adjustment, incorporating nominal wage rigidity and consumption-saving decisions, to study how China's currency peg interacted with its rapid growth in shaping the US economy. We show that the peg temporarily boosts China's export growth...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015611128

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://ebvufind01.dmz1.zbw.eu/10015438508

Banking in the GCC : Structure, Performance and Transformation

Bakhouche, Abderazak - 2026

Chapter 1: Introduction to the Book -- Chapter 2: Characteristics of the GCC economies -- Chapter 3: Financial development, diversification and resource curse in GCC -- Chapter 4: Competition in GCC banking systems -- Chapter 5: Profitability in GCC banking systems -- Chapter 6: Impact of ESG on...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015652009

Does the Central Bank of West African States have an autonomous monetary policy?

Perez, Francisco - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016084226

The causal effect of inflation on financial stability, evidence from history

Albertazzi, Ugo; Hooft, James 't; Ter Steege, Lucas - 2025

In contrast to the conventional Fisherian view that inflation reduces real debt positions, we show that significant increases in inflation are strongly associated with financial crises. In the spirit of Jord'a et al. (2020), countries with free and fixed exchange rates can be compared to...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015552266

Graph neural networks and explainable spillovers : global monetary and oil shocks in GCC financial markets

Morshed, Amer - 2025

This study investigates how global monetary and oil shocks propagate across advanced and pegged oil economies, focusing on the United States, Germany, the United Kingdom, Saudi Arabia, and the United Arab Emirates over the period 2015-2023. It examines which transmission channels-liquidity,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015553237

Currency pegs and volatility in West African Economic and Monetary Union during COVID-19

Zuoping, Xiao; Zonon, Babatounde Ifred Paterne; Wang, … - 2025

This study examines how the COVID-19 pandemic affected the CFA franc (XOF) compared to the euro (EUR) within the West African Economic and Monetary Union (WAEMU). It is among the first to assess both currencies under systemic stress by combining event studies, risk metrics, and ARDL regressions....

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015625322

Output divergence in fixed exchange rate regimes

Chen, Yao; Ward, Felix - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015574494

How fixed are global exchange rates?

O'Rourke, Kevin Hjortshøj; Vicquéry, Roger H. - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016063186

Empirical investigation of the relationship between public external debt sustainability, foreign reserves and fixed exchange rate

Rafie, Fatima-Ezzahra; Lekhal, Mostafa - 2025

Public external debt sustainability is a critical concern, yet existing frameworks often fail to account for the unique challenges faced by lower-middle-income countries (LMICs) in Africa. These nations, heavily reliant on foreign-currency borrowing, contend with exchange rate volatility,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016084819

Review of past, present and possible future exchange rate regimes

Hallwood, Paul - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015485878

Monetary policy is tight and dampens inflation

Levring, Peter Nick Bøgeby - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014553031

How Credible is Hong Kong's Currency Peg?

Jermann, Urban J.; Wei, Bin; Yue, Vivian Z. - 2025

This paper develops an asset-pricing model to evaluate the credibility of Hong Kong's Linked Exchange Rate System (LERS). Allowing for imperfect peg credibility, we derive closed-form solutions for exchange rates and option prices under potential regime shifts. Using HKD option data, we estimate...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015464468

Interest rate and endogenous money under capital mobility and fixed exchange rate : alternative closures and implications

Dasgupta, Zico - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015472106

The industrial cost of fixed exchange rate regimes

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

Persistent link: https://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

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://ebvufind01.dmz1.zbw.eu/10014519200

The macroeconomic consequences of exchange rate depreciations

Fukui, Masao; Nakamura, Emi; Jón Steinsson - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015613776

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The Macroeconomic Consequences of Exchange Rate Depreciations

Fukui, Masao; Nakamura, Emi; Jón Steinsson - 2023

Book / Working Paper

Optimal policy under dollar pricing

Egorov, Konstantin; Mukhin, Dmitry - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014317361

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Optimal policy under dollar pricing

Egorov, Konstantin; Mukhin, Dmitry - 2023

Book / Working Paper

Optimal policy under dollar pricing

Egorov, Konstantin; Mukhin, Dmitry - 2021

Book / Working Paper

Optimal policy under dollar pricing

Egorov, Konstantin; Mukhin, Dmitry - 2020

Book / Working Paper

Optimal policy under dollar pricing

Egorov, Konstantin; Mukhin, Dmitry - 2020

Book / Working Paper

Optimal Policy Under Dollar Pricing

Egorov, Konstantin - 2020

Book / Working Paper

Optimal Policy under Dollar Pricing

Egorov, Konstantin - 2020

Book / Working Paper

Pegged exchange rate regime and its impact on inflation in BRICS nations : country-wise evidence

G, Babu Rao - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015552756

International reserves, economic crisis and monetary autonomy in Asia : a panel data analysis

Dong, Fang; Marquis, William - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015583111

The Danish problem

Eichengreen, Barry - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014388704

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The Danish problem

Eichengreen, Barry - 2023

Book / Working Paper

Currencies in turbulence : exploring the impact of natural disasters on exchange rates

Anh Thi Ngoc Nguyen; Nguyen, Ha - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015573416

The Foreign Exchange Policy of China – Is the Country a “Currency Manipulator”?

Zhelev, Paskal - 2023

China’s exchange rate policy has been one of the most contentious economic issues in present times. The large open economy with a state-led development model has been often accused of deliberately keeping its currency undervalued, thereby conferring unfair competitive advantages to its...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014256660

Mussa puzzle redux

Itskhoki, Oleg; Mukhin, Dmitry - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015401136

Exchange Rate Pass-Through in the Presence of Parallel Markets

Oki, Toni - 2023

Prior studies document the puzzle of limited retail price inflation following large exchange rate devaluations in emerging market and developing countries. This paper offers another partial solution to this puzzle: the presence of a significant parallel market. Using data from Nigeria, I find...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014347113

Exchange market pressure in interest rate rules

Klaassen, Franc; Mavromatis, Kostas - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014584020

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://ebvufind01.dmz1.zbw.eu/10015058920

Digital euro : potential implications for payments, fixed exchange rate policy and financial stability in Denmark

Kidd, Gregory; Seixas, Julia Weismann; Holm, Lasse; … - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014552942

Mr. Keynes meets the classics : government spending and the real exchange rate

Born, Benjamin; D'Ascanio, Francesco; Müller, Gernot J.; … - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014633513

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Mr. Keynes meets the classics : government spending and the real exchange rate

Born, Benjamin; D'Ascanio, Francesco; Müller, Gernot J.; … - 2021

Book / Working Paper

A Move Toward a ‘Crawling Peg’ Exchange Rate System in 2023

Oyadeyi, Olajide - 2023

As of the last working day of the year 2022 (30th December 2022), the official exchange rate against the US dollar (USD) was 448, while the naira USD exchange rate at the black market traded at 748—a premium of 300. The dollar had already peaked above 800 on the black market during the year...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014346431

Money growth pegging, Taylor rule, status-seeking behavior and the "spirit of capitalism"

Le Riche, Antoine; Parent, Antoine - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014575061

Perceived Macroeconomic Uncertainty and Exchange Rate Movements

Lu, Bin; Xie, Lijuan; Xu, Xiangyun; Yu, Cong - 2023

This paper proposes a theoretical model that combines a present value model of the exchange rate with a variance-belief formation model to investigate the relationship between macroeconomic uncertainty and the exchange rate. The model emphasizes the risk premium as its core and incorporates...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014346695

International political economy and exchange rate regime : a question of sustainability

Mathieu, Alban - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014448081

Monetary policy determination under a fixed-exchange rate regime in a common monetary area (CMA) : the case of Eswatini

Ndzinisa, Patrick; Dlamini, Bongani - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015574369

Paying with money or paying with points : how variable versus fixed exchange rates influence loyalty point redemption

Chun, So Yeon; Hamilton, Rebecca W. - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015168470

The monetary trilemma need not hold in the short run : the case of Hong Kong

Xue, Shan; Willett, Thomas D. - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015554829

One good reason we were optimistic : the rise of inflation targeting and the demise of fixed exchange rate crises

Rose, Andrew - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014229924

Money demand under a fixed exchange rate regime : the case of Saudi Arabia

Hasanov, Fakhri J.; Al Rasasi, Moayad; Alsayaary, Salah S. - 2022

This paper reviews earlier studies and shows that the money demand (MD) relationship under a fixed exchange rate (ER) regime differs from that under a floating ER regime, mainly due to the limited role of monetary policy in the former regime. It then empirically demonstrates that an open-economy...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013176694

Break a peg! : a study of stablecoin co-instability

Gregory, Gadzinski; Alessio, Castello; Vito, Liuzzi; … - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015591497

Duration of fixed exchange rate regimes : the role of central bank independence

Bandaogo, Mahama Samir; Lartey, Emmanuel - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014475243

Fixed exchange rates as a means to price stability : what have we learned?

Svensson, Lars E. O. - 1994

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012802861

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Fixed exchange rates as a means to price stability : what have we learned?

Svensson, Lars E. O. - 1993

Book / Working Paper

Fixed Exchange Rates as a Means to Price Stability : What Have We Learned

Svensson, Lars E. O. - 2022

Book / Working Paper

Fixed exchange rates as a means to price stability : what have we learned?

Svensson, Lars E. O. - 1994

Book / Working Paper

Fixed Exchange Rates as a Means to Price Stability : What Have We Learned

Svensson, Lars E.O. - 1993

Book / Working Paper

Fixed exchange rates as a means to price stability : what have we learned?

Svensson, Lars E. O. - 1993

Book / Working Paper

Reserve accumulation, macroeconomic stabilization, and sovereign risk

Bianchi, Javier; Sosa Padilla, César - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015046443

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Reserve accumulation, macroeconomic stabilization, and sovereign risk

Bianchi, Javier; Sosa Padilla, César - 2020

Book / Working Paper

Reserve accumulation, macroeconomic stabilization, and sovereign risk

Bianchi, Javier; Sosa Padilla, César - 2020

Book / Working Paper

Can a Rapidly-Growing Export-Oriented Economy Smoothly Exit an Exchange Rate Peg? Lessons for China from Japan's High-Growth Era

Eichengreen, Barry; Hatase, Mariko - 2022

We explore the parallels between Japanese currency policy after World War II and Chinese currency policy today. After two decades of pegging at 360 yen, Japan decoupled from the dollar on August 1971 and then repegged at a revalued rate of 308 yen. After stabilizing the exchange rate at this new...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013324585

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