Search Results - subject_exact:"Wechselkurstheorie"

Tail-risk indicators with time-variant volatility models: the case of the Chilean Peso

Alfaro, Rodrigo; Estefó, Catalina - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015421149

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://ebvufind01.dmz1.zbw.eu/10015409015

Breaking Parity : Equilibrium Exchange Rates and Currency Premia

Dao, Mai; Gourinchas, Pierre-Olivier; Itskhoki, Oleg - 2025

We offer a unifying empirical model of covered and uncovered currency premia, interest rates and spot and forward exchange rates, both in the cross section and time series of currencies. We find that the rich empirical patterns are in line with a partial equilibrium model of the currency market,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015553492

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Breaking parity : equilibrium exchange rates and currency premia

Dao, Mai; Pierre-Olivier, Gourinchas; Itskhoki, Oleg - 2025

Book / Working Paper

Breaking Parity : Equilibrium Exchange Rates and Currency Premia

Dao, Mai - 2025

Book / Working Paper

An in-sample evaluation of exchange rate models : in search of scapegoats

Cheung, Yin-Wong; Wang, Wenhao; Westermann, Frank - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016062523

Boosting carry with equilibrium exchange rate estimates

Rubaszek, Michał; Beckmann, Joscha; Ca'Zorzi, Michele; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016083271

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Boosting carry with equilibrium exchange rate estimates

Rubaszek, Michał; Beckmann, Joscha; Ca'Zorzi, Michele; … - 2022

Book / Working Paper

Boosting Carry with Equilibrium Exchange Rate Estimates

Rubaszek, Michał; Beckmann, Joscha; Ca'Zorzi, Michele; … - 2022

Book / Working Paper

A behavioral explanation for the puzzling persistence of the aggregate real exchange rate

Crucini, Mario J.; Shintani, Mototsugu; Tsuruga, Takayuki - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015407132

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A behavioral explanation for the puzzling persistence of the aggregate real exchange rate

Crucini, Mario J.; Shintani, Mototsugu; Tsuruga, Takayuki - 2021 - This version: March 2021

Edition: This version: March 2021

Book / Working Paper

A behavioral explanation for the puzzling persistence of the aggregate real exchange rate

Crucini, Mario J.; Shintani, Mototsugu; Tsuruga, Takayuki - 2021 - This version: December 2020

Edition: This version: December 2020

Book / Working Paper

A behavioral explanation for the puzzling persistence of the aggregate real exchange rate

Crucini, Mario J.; Shintani, Mototsugu; Tsuruga, Takayuki - 2020

Book / Working Paper

A Behavioral Explanation for the Puzzling Persistence of the Aggregate Real Exchange Rate

Crucini, Mario J.; Shintani, Mototsugu; Tsuruga, Takayuki - 2021

Book / Working Paper

A behavioral explanation for the puzzling persistence of the aggregate real exchange rate

Crucini, Mario J.; Shintani, Mototsugu; Tsuruga, Takayuki - 2021

Book / Working Paper

A Behavioral Explanation for the Puzzling Persistence of the Aggregate Real Exchange Rate

Crucini, Mario J.; Shintani, Mototsugu; Tsuruga, Takayuki - 2021

Book / Working Paper

A behavioral explanation for the puzzling persistence of the aggregate real exchange rate

Crucini, Mario J.; Shintani, Mototsugu; Tsuruga, Takayuki - 2021 - This version: December 2020

Edition: This version: December 2020

Book / Working Paper

A Behavioral Explanation for the Puzzling Persistence of the Aggregate Real Exchange Rate

Crucini, Mario J. - 2020

Book / Working Paper

Exchange policy and misalignments in Morocco : a quantitative analysis

Pouya, Pascal; Karim, Mohamed; Arbia, Anass; El Yazidi, … - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014631820

A currency premium puzzle

Hassan, Tarek A.; Mertens, Thomas; Wang, Jingye - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015083679

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A Currency Premium Puzzle

Hassan, Tarek Alexander - 2026

Book / Working Paper

An intermediation-based model of exchange rates

Malamud, Semyon; Schrimpf, Andreas; Zhang, Yuan - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015458819

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An intermediation-based model of exchange rates

Malamud, Semyon; Schrimpf, Andreas; Zhang, Yuan - 2024 - This version: January 9, 2024

Edition: This version: January 9, 2024

Book / Working Paper

An intermediation-based model of exchange rates

Malamud, Semyon; Schrimpf, Andreas - 2018 - This version: June 5, 2018

Edition: This version: June 5, 2018

Book / Working Paper

An intermediation-based model of exchange rates

Malamud, Semyon; Schrimpf, Andreas - 2018 - This version: September 13, 2018

Edition: This version: September 13, 2018

Book / Working Paper

An intermediation-based model of exchange rates

Malamud, Semyon; Schrimpf, Andreas - 2018

Book / Working Paper

An Intermediation-Based Model of Exchange Rates

Malamud, Semyon - 2018

Book / Working Paper

An intermediation-based model of exchange rates

Malamud, Semyon; Schrimpf, Andreas - 2018

Book / Working Paper

Connecting exchange rates to fundamentals under indeterminacy

Fujiwara, Ippei; Hirose, Yasuo - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015168386

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Connecting exchange rates to fundamentals under indeterminacy

Fujiwara, Ippei; Hirose, Yasuo - 2024

Book / Working Paper

International economics

Salvatore, Dominick; Hepp, Ralf - 2026 - 14th edition

"We live in a globalized world. We can connect instantly with any corner of the world by cellular phone, tablet, e-mail, instant messaging, and teleconferencing, and we can travel anywhere incredibly fast. Tastes are converging (i.e., more and more people all over the world generally like the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015584401

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International economics

Salvatore, Dominick - 2020 - 13th edition

Edition: 13th edition

Book / Working Paper

International economics

Salvatore, Dominick - 2016 - 12th edition, Wiley binder version

Edition: 12th edition, Wiley binder version

Book / Working Paper

International economics

Salvatore, Dominick - 2007 - 9. ed.

Edition: 9. ed.

Book / Working Paper

International economics

Salvatore, Dominick - 2004 - 8. ed., internat. ed

Edition: 8. ed., internat. ed

Book / Working Paper

International economics

Salvatore, Dominick - 2001 - 7. ed.

Edition: 7. ed.

Book / Working Paper

Comparative analysis of the portfolio-balance models of exchange rate determination

Bhattacharyya, Karnikaa; Deb, Kaveri - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015670114

Foreign exchange rates and international finance

Kallianiotis, Ioannis N. - 2026 - Second edition

"Foreign Exchange Rates and International Finance (Second Edition) includes updated information on economic, financial, and global events that have taken place in the past six years. It can be used by international financial market traders and practitioners, global company executives, and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015666173

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Foreign exchange rates and international finance

Kallianiotis, Ioannis N. - 2019

Book / Working Paper

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

Currency Risk Premiums : A Multi-horizon Perspective

Chernov, Mikhail; Dahlquist, Magnus - 2023

We review the literature on multi-horizon currency risk premiums. We show how the multi-horizon implications arise from the classic present-value relationship. We further show how these implications manifest themselves in the interaction between bond and currency risk premiums. This link is...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014322805

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Currency risk premiums : a multi-horizon perspective

Chernov, Mikhail; Dahlquist, Magnus - 2023

Book / Working Paper

Currency Risk Premiums : A Multi-Horizon Perspective

Chernov, Mikhail; Dahlquist, Magnus - 2023

Book / Working Paper

Dollar shortages, CIP deviations, and the safe haven role of the dollar

Bacchetta, Philippe; Davis, Scott; Van Wincoop, Eric - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014483257

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Dollar Shortages, CIP Deviations, and the Safe Haven Role of the Dollar

Bacchetta, Philippe; Davis, Scott; Van Wincoop, Eric - 2023

Book / Working Paper

Dollar shortages, CIP deviations, and the safe haven role of the dollar

Bacchetta, Philippe; Davis, Scott; Van Wincoop, Eric - 2023

Book / Working Paper

The purchasing power parity and exchange-rate economics half a century on

Long Hai Vo; Duc Hong Vo - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014287851

Exchange rates and macroeconomic fundamentals : evidence of instabilities from time-varying factor loadings

Hillebrand, Eric; Mikkelsen, Jakob Guldbæk; Spreng, Lars; … - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014284145

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Exchange rates and macroeconomic fundamentals : evidence of instabilities from time-varying factor loadings

Hillebrand, Eric; Mikkelsen, Jakob Guldbæk; Spreng, Lars; … - 2020

Book / Working Paper

Exchange rate (mis-) alignment : an application of the behavioural equilibrium exchange rate (beer) approach to Zimbabwe (1990-2018)

Pasara, Michael Takudzwa; Mugwira, Vincent - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014417927

A post-Keynesian framework for exchange rate equilibrium : simulations for the Brazilian economy

Barbosa, Lúcio Otávio Seixas; Alencar, Douglas Alcântara - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015193617

Analysis practice of exchange rate determinants : a case study of foreign exchange operators in trading rooms

Lamzouri, Ahmed Amine - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015417145

RMB equilibrium exchange rate and misalignment : insights from the CN-NATREX Model

Wei, Wei; Tang, Zefeng - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015425125

One hundred years of exchange rate economics at the University of Chicago : 1892-1992

Edwards, Sebastian - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015453146

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One Hundred Years of Exchange Rate Economics at The University of Chicago : 1892-1992

Edwards, Sebastian - 2023

Book / Working Paper

Banking Crises, Nonlinear Export Elasticities, and the Dominant Currency Paradigm

Brooks, Robin; Prasad, Eswar S. - 2025

The dominant currency paradigm posits that dollar invoicing reduces the potency of exchange rate depreciations in boosting export volumes. This implies that export elasticities with respect to the exchange rate are small, rendering even large depreciations ineffectual in the short term. We...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015508517

Mussa puzzle redux

Itskhoki, Oleg; Mukhin, Dmitry - 2025

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

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Mussa Puzzle Redux

Itskhoki, Oleg; Mukhin, Dmitry - 2021

Book / Working Paper

Mussa Puzzle Redux

Itskhoki, Oleg - 2019

Book / Working Paper

A survey of empirical research on nominal exchange rates

Frankel, Jeffrey A. - 1994

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013416685

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A Survey of Empirical Research on Nominal Exchange Rates

Frankel, Jeffrey A.; Rose, Andrew - 2022

Book / Working Paper

A Survey of Empirical Research on Nominal Exchange Rates

Frankel, Jeffrey A. - 1994

Book / Working Paper

Exchange Rates in the 1920'S : A Monetary Approach

Frenkel, Jacob A.; Clements, Kenneth W. - 2022

Current views about flexible exchange rate systems are based, to a large extent, on the lessons from the period of the 1920's during which many exchange rates were flexible. This paper re-examines the evidence from the perspective of the recently revived monetary approach (or more generally,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013324032

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Exchange Rates in The 1920's : A Monetary Approach

Frenkel, Jacob A. - 1978

Book / Working Paper

Exchange Rate Dynamics and the Overshooting Hypothesis

Frenkel, Jacob A.; Rodriquez, Carlos - 2022

In this paper we analyze the determinants of the evolution of ex- change rates within the context of alternative models of exchange rate dynamics. We examine the overshooting hypothesis in models which emphasize differential speeds of adjustment in asset and goods markets as well as in models...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013324489

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Exchange Rate Dynamics and the Overshooting Hypothesis

Frenkel, Jacob A. - 1982

Book / Working Paper

Expectations and Exchange Rate Policy

Devereux, Michael B.; Engel, Charles - 2022

Both empirical evidence and theoretical discussion has long emphasized the impact of 'news' on exchange rates. In most exchange rate models, the exchange rate acts as an asset price, and as such responds to news about future returns on assets. But the exchange rate also plays a role in...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013292001

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Expectations and Exchange Rate Policy

Devereux, Michael B. - 2006

Book / Working Paper

Expectations and Exchange Rate Policy

Devereux, Michael B. - 2006

Book / Working Paper

Forecasting the U.S. Dollar in the 21st Century

Engel, Charles; Wu, Steve Pak Yeung - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014280840

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Forecasting the U.S. Dollar in the 21st Century

Engel, Charles; Wu, Steve Pak Yeung - 2021

Book / Working Paper

Forecasting the U.S. Dollar in the 21st Century

Engel, Charles; Wu, Steve Pak Yeung - 2022

Book / Working Paper

How well do contemporary theories explain floating exchange rate changes in an emerging economy : the case of EUR/PLN

Burda, Adrian Marek - 2022

The purpose of this paper is to investigate how well contemporary exchange rate theories explain fluctuations in exchange rates of emerging economies, before and after the Global Financial Crisis (GFC). As an example, the EUR/PLN exchange rate in 1999-2015 was selected as the currency pair that...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013499456

Sanctions and the exchange rate

Itskhoki, Oleg; Mukhin, Dmitry - 2022

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013252702

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Sanctions and the Exchange Rate

Itskhoki, Oleg; Mukhin, Dmitry - 2022

Book / Working Paper

Sanctions and the exchange rate

Itskhoki, Oleg; Mukhin, Dmitry - 2022

Book / Working Paper

Sanctions and the exchange rate

Itskhoki, Oleg; Mukhin, Dmitry - 2022

Book / Working Paper

Empirical studies of exchange rates : price behavior, rate determination and market efficiency

Levich, Richard M. - 1985

Persistent link: https://ebvufind01.dmz1.zbw.eu/10001329012

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Empirical studies of exchange rates : price behavior, rate determination and market efficiency

Levich, Richard M. - 1983

Book / Working Paper

Empirical Studies of Exchange Rates : Price Behavior, Rate Determinationand Market Efficiency

Levich, Richard M. - 2022

Book / Working Paper

Empirical Studies of Exchange Rates : Price Behavior, Rate Determinationand Market Efficiency

Levich, Richard M. - 1983

Book / Working Paper

The Factor Structure of Exchange Rates Volatility : Global and Intermittent Factors

Caporin, Massimiliano; Rodríguez-Caballero, Carlos Vladimir - 2022

We propose a multi-level dynamic factor model to represent the commonalities in the hourly evolution of realized volatilities of several exchange rates. The model assumes a global factor active during the twenty-four hours of the day, plus four intermittent factors, associated with markets...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014237805

The Determination of the Exchange Rate : A New-Developmental Approach

Bresser-Pereira, Luiz Carlos; Feijó, Carmem; Araújo, … - 2022

This paper discusses the long-term determination of the exchange rate, given that it may remain depreciated or overvalued for some time. It defines the equilibrium exchange rate and the competitive exchange rate; the latter makes investment projects competitive internationally. Instead of...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014077759

Milton Friedman and exchange rates in developing countries

Edwards, Sebastian - 2020

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012391458

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Milton Friedman and Exchange Rates in Developing Countries

Edwards, Sebastian - 2022

Book / Working Paper

Milton Friedman and Exchange Rates in Developing Countries

Edwards, Sebastian - 2020

Book / Working Paper

The global factor structure of exchange rates

Korsaye, Sofonias Alemu; Trojani, Fabio; Vedolin, Andrea - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014282382

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The global factor structure of exchange rates

Korsaye, Sofonias Alemu; Trojani, Fabio; Vedolin, Andrea - 2020

Book / Working Paper

The global factor structure of exchange rates

Korsaye, Sofonias Alemu; Trojani, Fabio; Vedolin, Andrea - 2020

Book / Working Paper

The Global Factor Structure of Exchange Rates

Korsaye, Sofonias Alemu; Trojani, Fabio; Vedolin, Andrea - 2022

Book / Working Paper

The Global Factor Structure of Exchange Rates

Korsaye, Sofonias Alemu - 2020

Book / Working Paper

Real equilibrium exchange rate in Colombia: thousands of VEC models approach

Salazar-Díaz, Andrea; Garavito-Acosta, Aarón Levi; … - 2022

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014227276

International economics

Pugel, Thomas A. - 2024 - Eighteenth edition, international student edition

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014250083

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International economics

Pugel, Thomas A. - 2020 - Seventeenth edition

Edition: Seventeenth edition

Book / Working Paper

International economics

Pugel, Thomas A. - 2016 - 16. ed.

Edition: 16. ed.

Book / Working Paper

International economics

Pugel, Thomas A. - 2012 - 15th ed., internat. student ed.

Edition: 15th ed., internat. student ed.

Book / Working Paper

International economics

Pugel, Thomas A. - 2009 - 14. ed., internat. student ed.

Edition: 14. ed., internat. student ed.

Book / Working Paper

International economics

Pugel, Thomas A. - 2007 - 13. ed., internat. ed.

Edition: 13. ed., internat. ed.

Book / Working Paper

International economics

Pugel, Thomas A. - 2003 - 12. ed., internat. ed

Edition: 12. ed., internat. ed

Book / Working Paper

Understanding Korea's Long-Run Real Exchange Rate Behavior

Irwin, Douglas A.; Obstfeld, Maurice - 2024

Korea's real exchange rate has displayed a mild downward trend since the 1980s, with fluctuations of ±20 percent around that trend. This pattern is surprising because the classic Harrod-Balassa-Samuelson framework suggests that countries experiencing rapid growth in the productivity of their...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015056095

Exchange Rate Models are Better than You Think, and Why They Didn't Work in the Old Days

Engel, Charles; Wu, Steve P. Y. - 2024

Exchange-rate models fit very well for the U.S. dollar in the 21st century. A "standard" model that includes real interest rates and a measure of expected inflation for the U.S. and the foreign country, the U.S. comprehensive trade balance, and measures of global risk and liquidity demand is...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015056131

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Exchange rate models are better than you think, and why they didn't work in the old days

Engel, Charles; Wu, Steve Pak Yeung - 2024

Book / Working Paper

Exchange Rate Determination under Limits to CIP Arbitrage

Bacchetta, Philippe; Davis, Scott; Van Wincoop, Eric - 2024

Recent theories of exchange rate determination have emphasized limited UIP arbitrage by international financial institutions. New regulations since 2008 have also lead to imperfect CIP arbitrage. We show that under limited CIP arbitrage the exchange rate and CIP deviation are jointly determined...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015056203

Axelle Ferriere discussion of: Sanctions and the exchange rate

Ferriere, Axelle - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014634068

Exchange Rate Disconnect Revisited

Chahrour, Ryan; Cormun, Vito; De Leo, Pierre; … - 2024

We find that variation in expected U.S. productivity explains over half of U.S. dollar/G7 exchange rate fluctuations. Both correctly-anticipated changes in productivity and expectational noise, which influences the expectation of productivity but not its eventual realization, have large effects....

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014576625

Exchange Rates, Natural Rates, and the Price of Risk

Kekre, Rohan; Lenel, Moritz - 2024

We study the source of exchange rate fluctuations using a general equilibrium model accommodating shocks in goods and financial markets. These shocks differ in their induced comovements between exchange rates, interest rates, and quantities. A calibration matching data from the U.S. and G10...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015072917

The young Robert Triffin’s criticism of purchasing power parity theory

Maes, Ivo; Pasotti, Ilaria - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015085243

Investor attention to news on financial integration and currency returns

Filippou, Ilias; Nguyen, My; Taylor, Mark P. - 2024

This chapter examines the economic value of a text-based measure of financial integration. The authors’ attention measure of financial integration is a strong positive predictor of currency excess returns. Specifically, the financial integration measure is positively priced in the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015076121

Convenience Yields and Exchange Rate Puzzles

Jiang, Zhengyang; Krishnamurthy, Arvind; Lustig, Hanno; … - 2024

We introduce safe asset demand for dollar-denominated bonds into a tractable incomplete-market model of exchange rates. The convenience yield on dollar bonds enters as a stochastic wedge in the Euler equations for exchange rate determination. This wedge reduces the pass-through from marginal...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014468291

Do received remittances cause Dutch disease in developed and developing countries?

Al-Shubiri, Faris Nasif; Fekir, Samia; Chikhi, Billal - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015052179

Real exchange rate effect on economic growth : comparison of fundamental equilibrium exchange rate and Balassa-Samuelson based Rodrik approach

Seraj, Mehdi; Coskuner, Cagay - 2021

This study reproduces the work of Dani Rodrik on real exchange rate undervaluation and economic growth for 93 countries over the period 1990-2018. While the empirical literature on the dynamics between the real exchange rate11 It is a measure of the bilateral real exchange rate with respect to...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013174977