Search Results - subject_exact:"Flexible exchange rate"

The floating future of ports : a systematic review of readiness, challenges, and pathways toward sustainable floating ports

Weerasinghe, Buddhi A.; Spekkink, Wouter; Duin, Ron van; … - 2026

This study investigates the emerging concept of floating ports, examining their applications, technological readiness, and future potential as transformative maritime infrastructure. Despite decades of isolated innovations in floating structures such as floating breakwaters, terminals, piers,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016070431

Exchange rate fluctuations and external trade balance in Africa

2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016081538

Currencies come and go, but employment always takes root : rethinking external constraints and monetary sovereignty in the periphery

Cruz Hidalgo, Esteban; Medina-Miltimore, Stuart; Mario, … - 2025

This paper explores a development strategy for peripheral economies by advocating for a paradigm shift from traditional economic models that rely on accumulating foreign reserves. It proposes the job guarantee (JG) policy, an automatic stabilizer based on a reserve pool of employed individuals,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015206930

Show one more version 1

Currencies come and go, but employment always takes root : rethinking external constraints and monetary sovereignty in the periphery

Cruz Hidalgo, Esteban; Medina-Miltimore, Stuart; Mario, … - 2025

Book / Working Paper

A theory of fear of floating

Bianchi, Javier; Coulibaly, Louphou - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015561056

Show 2 more versions 2

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

Exchange rate regimes 20 years later : the prevalence of floats

Levy Yeyati, Eduardo; Sturzenegger, Federico - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016072826

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://ebvufind01.dmz1.zbw.eu/10015371901

Monetary policy adjustments in Mexico during COVID-19 : fear of floating and macroeconomic volatility

López-Mares, Jesús Eduardo; Ocegueda Hernández, Juan … - 2025

The aim of this paper is to investigate how the central bank of Mexico - a prototypical emerging market economy (EME) - adjusted its reaction coefficients according to an estimated Taylor-type rule in response to the COVID-19 pandemic and the posterior surge in inflation. To do so, we estimate a...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015338857

Heterogeneous responses to monetary policy : the role of floating rate loans

Kerola, Eeva; Laine, Olli-Matti; Paavola, Aleksi - 2025 - This version: August 2025

This study examines the floating rate channel-a mechanism through which monetary policy affects firms' investment and credit demand based on their exposure to variable rate loans. Using a granular loan-level dataset from the euro area, we find that firms with variable rate loans significantly...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015448571

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://ebvufind01.dmz1.zbw.eu/10015462462

Cross-country dependence and financial integration in the last 150 years

Aslanidis, Nektarios; Papadakis, Charalampos - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015672362

Capital flows and exchange rates : a quantitative assessment of the dilemma hypothesis

Cesa-Bianchi, Ambrogio; Ferrero, Andrea; Li, Shangshang - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016064649

Show one more version 1

Capital flows and exchange rates : a quantitative assessment of the dilemma hypothesis

Cesa-Bianchi, Ambrogio; Ferrero, Andrea; Li, Shangshang - 2024

Book / Working Paper

Bank credit, portfolio selection, and macrodynamics in a small open economy

Watanabe, Toshio - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015474191

Export-led decay : the trade channel in the gold standard era

Candia, Bernardo; Pedemonte, Mathieu - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015457624

Open-economy macroeconomics with financial frictions : a simple model with flexible exchange rates

Agénor, Pierre-Richard - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015083440

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

Pym Manopimoke; Nuwat Nookhwun; Jettawat Pattararangrong - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015076313

Show one more version 1

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

Heterogeneity in the nominal exchange rate response to oil price shocks in oil-exporting countries : a new episode of the "fear of floating"?

Rueda-Lobato, Daniel; Torres, Alejandro - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015444908

Parallel currencies under free floating exchange rates : a model setting out the conditions for stable currency competition

Castañeda, Juan E.; Damrich, Sebastian; Schwartz, Pedro - 2024

We use a theoretical model to set up the conditions for a country to attain monetary stability by allowing for two freely tradable currencies to circulate in parallel. For this parallel system to function properly, confidence in the good behavior of the monetary authorities in charge of the two...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015197663

The macroeconomic consequences of exchange rate depreciations

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

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

Show one more version 1

The Macroeconomic Consequences of Exchange Rate Depreciations

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

Book / Working Paper

Mechanisms of exchange rate determination in the soft and hard managed floating regime : the case of Serbia

Beker Pucar, Emilija; Glavaški, Olgica - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015550471

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://ebvufind01.dmz1.zbw.eu/10014580968

Show one more version 1

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

Fear (No More) of Floating : Asset Purchases and Exchange Rate Dynamics

Mimir, Yasin; Sunel, Enes - 2023

We provide a theory on currency dynamics, capital flows and conditions for emerging market economy central bank asset purchases to leave room for manoeuvre for conventional monetary policy. Local-currency asset purchases ease financial conditions and boost banks’ foreign borrowing capacity....

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014353979

Credibility is not enough : fiscal monetization and currency depreciation in early-modern Venice

Masciandaro, Donato; Romelli, Davide; Ugolini, Stefano - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015579034

Monetary Policy Independence Under Floating Exchange Rates : Some Pleasant Results

Guender, Alfred V. - 2023

Under a floating exchange rate and integrated financial markets an optimizing central bank acting under discretion to achieve domestic objectives generates a positive co-movement between the domestic and the foreign interest rate in a small open economy. A high degree of positive co-movement...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014356983

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

Optimal trend inflation in an open economy

Cho, Daeha; Kim, Jung Hyun; Kim, Kwang Hwan; Kim, Suk Joon - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015560618

Flexible exchange rate regimes in emerging markets : current insights and avenues for future research

Nouhaila, Moutaib; Younès, Lahrichi - 2023

Purpose: Providing a structured literature review on the flexiblization of exchange rate regime in emerging countries with a focus on recent studies conducted in the field, in order to identify promising opportunities of future research. Design/methodology/approach: Starting with a review of the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014490550

Fifty years on : what the Bretton Woods system can teach us about global macroeconomic policy-making

Subacchi, Paola; Vines, David - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014317075

Israel's transition to inflation targeting and exchange rate flexibility : key lessons

Bufman, Gil; Leiderman, Leonardo - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015676355

From the Bretton Woods system to the global non-system : the trials and tribulations of slow learning

Vines, David; Subacchi, Paola - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014317080

Do flexible exchange rates matter for monetary autonomy?

Oueghlissi, Rim; Ho, Sy Hoa; Tuan Nguyen-Anh; El … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015515638

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

Fallacy of floating? : reconsidering the ability of flexible exchange rates to offset terms-of-trade volatility in developing countries

Popescu, Ioana Octavia - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014266937

Monetary union, asymmetric recession, and exit

Keuschnigg, Christian; Kirschner, Linda; Kogler, Michael; … - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014431053

Show one more version 1

Monetary union, asymmetric recession, and exit

Keuschnigg, Christian; Kirschner, Linda; Kogler, Michael; … - 2022

Book / Working Paper

An Anatomy of Currency Strategies : The Role of Emerging Markets

Chernov, Mikhail; Dahlquist, Magnus; Lochstoer, Lars A. - 2024

We show that a small set of emerging markets with floating exchange rates expand the investment frontier substantially relative to G10 currencies. The frontier is characterized by an out-of-sample mean-variance efficient portfolio that prices G10- and emerging markets-based trading strategies...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015072842

Show one more version 1

An anatomy of currency strategies : the role of emerging markets

Chernov, Mikhail; Dahlquist, Magnus; Lochstoer, Lars A. - 2024

Book / Working Paper

Impact of floating exchange rate on the output, export and employment in the South African beef industry

Thaba, Kingsley; Hlongwane, Jan; Belete, Abenet; … - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014373632

A presence of absence : the benign emergence of monetary stability

Rose, Andrew; Rose, A. I. G. - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015076037

Show one more version 1

A presence of absence : the benign emergence of monetary stability

Rose, Asher; Rose, Andrew - 2024

Book / Working Paper

Financial integration and exchange market pressure

Phylaktis, Kate; Aftab, Muhammad - 2024

This study examines the role of financial integration in exchange market pressure (EMP) across a representative group of 42 advanced and emerging markets over the period 2000–2019, which covers the global financial crisis, which has heightened monetary and economic policy uncertainty. The...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015078597

Goyal, Ashima - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014440052

Macroeconomic policy under a managed floating exchange rate regime: a critical appraisal of the International Currency Hierarchy literature

Deos, Simone Silva de; Gerioni, Enzo - 2022

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013174325

Peg abandonment and cross-currency contagion

Balke, Florian; Barth, Andreas; Reichel, Arne; … - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015047182

Floating exchange rates at fifty

2024

"Fifty years ago, in March 1973, the major industrial economies abandoned fixed exchange rates based on gold, conclusively ending the post-World War II Bretton Woods arrangements. Proponents believed their action would strengthen countries' ability to deal with balance of payment problems. But...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015607961

International Interest-Rate and Price-Level Linkages Under Flexible Exchange Rates : A Review of Recent Evidence

Cumby, Robert; Obstfeld, Maurice - 2022

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013309361

Show one more version 1

International Interest-Rate and Price-Level Linkages Under Flexible Exchange Rates : A Review of Recent Evidence

Cumby, Robert E. - 1982

Book / Working Paper

Monetary Policy Under Exchange Rate Flexibility

Dornbusch, Rudiger - 2022

The continuing depreciation of the dollar stands out as one of the big policy issues. It has started to impinge on U.S. monetary policy; it influences the chances for international commercial diplomacy, and it is enhancing the move toward European monetary integration. Above all it leaves most...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013322147

Show one more version 1

Monetary Policy Under Exchange Rate Flexibility

Dornbusch, Rudiger - 1979

Book / Working Paper

Macro-financial policies under a managed float : a simple integrated framework

Agénor, Pierre-Richard; Silva, Luiz A. Pereira da - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015546268

A risk-based theory of exchange rate stabilization

Hassan, Tarek A.; Mertens, Thomas; Zhang, Tony - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014320108

Fear of Floating

Calvo, Guillermo; Reinhart, Carmen M. - 2022

In recent years, many countries have suffered severe financial crises, producing a staggering toll on their economies, particularly in emerging markets. One view blames fixed exchange rates-- soft pegs'--for these meltdowns. Adherents to that view advise countries to allow their currency to...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013322298

Show one more version 1

Fear of Floating

Calvo, Guillermo A. - 2000

Book / Working Paper

Dollar Rivals

Frankel, Jeffrey A. - 2023

Written on the 50th anniversary of floating exchange rates, this paper deals with possible alternatives to a unipolar dollar-based system. It considers (1) measures of international currency use; (2) potential challengers to the dollar; (3) network externalities; and (4) the plausibility of gold...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014322863

The great exchange rate debate after Argentina

Edwards, Sebastian - 2002

Persistent link: https://ebvufind01.dmz1.zbw.eu/10001704637

Show 3 more versions 3

The great exchange rate debate after Argentina

Edwards, Sebastian - 2002

Book / Working Paper

The Great Exchange Rate Debate after Argentina

Edwards, Sebastian - 2022

Book / Working Paper

The Great Exchange Rate Debate After Argentina

Edwards, Sebastian - 2002

Book / Working Paper

Economic ideas and Taiwan's shift to export promotion in the 1950s

Irwin, Douglas A. - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014303406

International Reserves Under Alternative Exchange Rate Regimes and Aspects of the Economics of Managed Float

Frenkel, Jacob A. - 2022

This paper contains an analysis of the role of international reserves under a regime of pegged exchange rates and under a regime of managed floating. It presents evidence on the stability of the demand for reserves during the periods 1963-72 and 1973-75. It is shown that the demand for reserves...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013324089

Show one more version 1

International Reserves Under Alternative Exchange Rate Regimes and Aspects of The Economics of Managed Float

Frenkel, Jacob A. - 1978

Book / Working Paper