搜索结果: 1-14 共查到“理论经济学 exchange rate”相关记录14条 . 查询时间(0.131 秒)
Imperfect Common Knowledge and Exchange Rate Determination
Common Knowledge Exchange Rate Determination
2015/9/21
We look at a simple financial model of exchange rate determination
with investors who have heterogeneous information. The exchange rate can
be expressed as a sum of averages of higher order expectat...
Comments on ‘Staggered Contracts and Exchange Rate Policy’ by Guillermo Calvo
Staggered Contracts Exchange Rate Policy
2015/8/5
Casual observation suggests that many contracts in the real world are
not of uniform length; for example, recent wage concessions in the
United States have lead to termination of union contracts bef...
Debt Redemption,Reserve Accumulation,and Exchange-Rate Regimes
Foreign Reserves Local-Currency Bonds Carry Trade Exchange-Rate Regimes International Finance
2015/4/28
Foreign participation in local-currency-bond markets in emerging countries has increased dramatically over the past decade. In light of this trend, we revisit the question of the optimal exchange-rate...
FISCAL CONSERVATISM, EXCHANGE RATE FLEXIBILITY, AND THE NEXT GENERATION OF DEBT CRISES
exchange rate systems capital markets financial crises flexible exchange rate
2011/9/17
Discusses the role of fixed exchange rate systems during international debt crises. Vulnerability of countries with open capital markets to financial crises; Criticisms against the actions of Asian ec...
Monetary and Exchange Rate Policy under Remittance Fluctuations
exchange rate regimes remittances small open economy
2011/8/21
Using data for the Philippines, I develop and estimate a heterogeneous agent model to analyze the role of monetary policy in a small open economy subject to sizable remittance fluctuations. I include ...
Exchange Rate Pass-Through and Monetary Policy: A Cross-Commodity Analysis
dynamic panel emerging market exchange rate pass-through monetarypolicy
2011/8/21
This paper investigates how a change in monetary policy affects the degree and the speed of exchange rate pass-through to import prices in the emerging market economy, using a newly constructed data s...
The Role of Financial Development in Exchange Rate Regime Choices
exchange rate regimes financial development duration analysis hazard competing risks
2014/1/13
We make the first attempt in the literature to empirically investigate the role of financial development in the choice of exchange rate regimes. Using a binary choice model, we first show that financi...
A New Forecasting Model for USD/CNY Exchange Rate
Nonlinearity Functional-coefficient regression model GARCH model Index model Quantile regression
2011/4/2
his paper models the return series of USD/CNY exchange rate by considering the conditional mean and conditional volatility simultaneously. An index type functional-coefficient model is adopted to mode...
Market, Interest Rate and Exchange Rate Risk Effects on Financial Stock Returns: A GARCH-M Approach
Exchange rate interest rate multivariate GARCH volatility
2010/9/7
In this paper we examine the sensitivity of financial sector stock returns to market, interest rate, and exchange rate risk in three financial sectors (Banking, Financial Services and Insurance) in 16...
Exchange Rate Arrangements Prior to Euro Adoption
monetary integration euro adoption convergence criteria ERM II
2009/7/17
This paper discusses the exchange rate policies in the three stages of the euro adoption process. In the first stage, i.e., after EU accession but before ERM II entry, the exchange rate becomes a mat...
Foreign Capital Inflows and the Real Exchange Rate in Sub-Saharan Africa
Capital inflows real exchange rates Sub-Saharan Africa
2010/9/7
This paper presents a short-run dynamic panel model for the relationship between aggregate net foreign capital transfers and the real exchange rate in twenty-four Sub-Saharan African countries. The re...
Is the Real Exchange Rate Stationary? The Application of Similar Tests for a Unit Root in the Univariate and Panel Cases
Nonstationarity panel data PPP real exchange rate stationarity
2010/9/7
In this article we show that mean-adjusting panel and univariate time series unit root tests yield similar size when there is no drift. The conclusion of the empirics for Purchasing Power Parity is th...
Regional Currency Unit and Exchange Rate Coordination in East Asia
Regional Currency Unit parallel currency Asian monetary integration
2010/12/7
This paper estimates the value of the RCU as a weighted average of East Asian currencies following the method used to calculate the ECU. The weight of component currencies is determined on the basis o...
EXCHANGE RATE AND INFLATION: FRANCE AND BULGARIA IN THE INTERWAR PERIOD
economic history modeling France Bulgaria.
2014/6/25
The objective of this paper is twofold. First, to compare the model of financial stabilization in the interwar period in France (a country in the “core”) with that in Bulgaria (a peripheral country)....