Is SADC an optimal currency area? Evidence from the generalized purchasing power parity test
Sign Up to like & getrecommendations! Published in 2018 at "Economic Change and Restructuring"
DOI: 10.1007/s10644-017-9204-7
Abstract: AbstractIn this paper we investigate the likelihood of a proposed monetary union in the Southern African Development Community (SADC) from the view point of the generalized purchasing power parity (GPPP) hypothesis and optimum currency area… read more here.
Keywords: sadc; purchasing power; generalized purchasing; exchange ... See more keywords
Intermediate Goods and Exchange Rate Disconnect
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DOI: 10.1007/s11079-019-09538-6
Abstract: This paper introduces intermediate goods trade into a two-country real business cycle model and examines its implications for real exchange rate behavior. Intermediate goods trade is shown to reduce “exchange rate disconnect” by increasing the… read more here.
Keywords: rate disconnect; intermediate goods; exchange; real exchange ... See more keywords
The Real Exchange Rate in Taylor Rules: A Re-Assessment
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DOI: 10.1016/j.econmod.2018.03.011
Abstract: Examining alternative flexible inflation targeting strategies, we find that a small concern for real exchange rate stability as a policy goal matters. First, it warrants the inclusion of the real exchange rate in Taylor rules… read more here.
Keywords: taylor rules; real exchange; exchange rate;
Impact of an unexplained component of real exchange rate volatility on FDI: Evidence from transition countries
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DOI: 10.1016/j.ecosys.2019.100719
Abstract: Abstract The aim of this paper is to examine the impact of an unexplained component of real exchange rate volatility on FDI in transition economies. We make an attempt to overcome some problems associated with… read more here.
Keywords: impact unexplained; volatility; component real; unexplained component ... See more keywords
Are supply shocks important for real exchange rates? A fresh view from the frequency-domain
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DOI: 10.1016/j.jimonfin.2017.09.008
Abstract: This paper re-examines the role of supply shocks for real exchange rate fluctuations and contributes by exploiting insights from the frequency-domain perspective. In contrast to the existing literature, our empirical findings point towards an important… read more here.
Keywords: supply; supply shocks; exchange; frequency domain ... See more keywords
The effect of skilled emigration on real exchange rates through the wage channel
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DOI: 10.1016/j.jimonfin.2018.09.007
Abstract: Building on an analytical model, we provide cross-country empirical evidence that net skilled emigration appreciates bilateral real exchange rates through the wage channel in source countries. Chains of causality in the presence of the Law… read more here.
Keywords: effect; real exchange; skilled emigration; exchange rates ... See more keywords
Macro-prudential policies, the global financial cycle and the real exchange rate
Sign Up to like & getrecommendations! Published in 2019 at "Journal of International Money and Finance"
DOI: 10.1016/j.jimonfin.2019.05.009
Abstract: This paper examines whether a global financial cycle originating from center economies affects the real exchange rates in peripheral economies and to what extent macro-prudential policies can isolate peripheral economies from this external shock. We… read more here.
Keywords: prudential policies; global financial; rate; real exchange ... See more keywords
Real exchange rate convergence: The roles of price stickiness and monetary policy
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DOI: 10.1016/j.jmoneco.2018.08.007
Abstract: In many open-economy models based on Dornbusch (1976), the speed of convergence of the real exchange rate is tied to the stickiness of prices. The “purchasing power parity puzzle” concerns the empirical fact that real… read more here.
Keywords: convergence; rate; exchange rate; price stickiness ... See more keywords
Capital flows, real exchange rate appreciation, and income distribution in an open economy post Keynesian model of distribution and growth
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DOI: 10.1080/01603477.2020.1811125
Abstract: Abstract This paper presents a post Keynesian open economy model to investigate the possible effects of capital flows on capacity utilization and distribution in financially controlled and financially liberalized small open economies. In financially controlled… read more here.
Keywords: capital flows; post keynesian; real exchange; distribution ... See more keywords
Determinants of the real exchange rate in the long-run for developing and emerging countries: a theoretical and empirical approach
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DOI: 10.1080/02692171.2017.1332017
Abstract: Abstract This paper presents a new framework for the determinants of real exchange in the long-run in developing and emerging countries (DECs). We assume that currencies should be regarded as an asset. In consequence, dealers… read more here.
Keywords: rate; exchange; real exchange; long run ... See more keywords
Does real exchange rate devaluation improve the current account balance of highly indebted low income countries?
Sign Up to like & getrecommendations! Published in 2019 at "African Journal of Economic and Management Studies"
DOI: 10.1108/ajems-11-2017-0287
Abstract: Purpose The purpose of this paper is to examine whether real exchange rate devaluation improves the current account balance of four highly indebted low-income countries of East Africa. Design/methodology/approach The pooled mean group (PMG) approach… read more here.
Keywords: current account; account balance; exchange rate; real exchange ... See more keywords