Download or read book Essays on Exchange Rate Dynamics written by George Kanatas and published by . This book was released on 1979 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays in Exchange Rate Dynamics written by Jae Hoon Choi and published by . This book was released on 2017 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation studies the dynamics of exchange rates and their effect on nominal and real macro variables and furthermore on policy choices.
Download or read book Exchange Rate Dynamics written by Martin D. D. Evans and published by Princeton University Press. This book was released on 2011-03-14 with total page 561 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive and in-depth look at exchange-rate dynamics Variations in the foreign exchange market influence all aspects of the world economy, and understanding these dynamics is one of the great challenges of international economics. This book provides a new, comprehensive, and in-depth examination of the standard theories and latest research in exchange-rate economics. Covering a vast swath of theoretical and empirical work, the book explores established theories of exchange-rate determination using macroeconomic fundamentals, and presents unique microbased approaches that combine the insights of microstructure models with the macroeconomic forces driving currency trading. Macroeconomic models have long assumed that agents—households, firms, financial institutions, and central banks—all have the same information about the structure of the economy and therefore hold the same expectations and uncertainties regarding foreign currency returns. Microbased models, however, look at how heterogeneous information influences the trading decisions of agents and becomes embedded in exchange rates. Replicating key features of actual currency markets, these microbased models generate a rich array of empirical predictions concerning trading patterns and exchange-rate dynamics that are strongly supported by data. The models also show how changing macroeconomic conditions exert an influence on short-term exchange-rate dynamics via their impact on currency trading. Designed for graduate courses in international macroeconomics, international finance, and finance, and as a go-to reference for researchers in international economics, Exchange-Rate Dynamics guides readers through a range of literature on exchange-rate determination, offering fresh insights for further reading and research. Comprehensive and in-depth examination of the latest research in exchange-rate economics Outlines theoretical and empirical research across the spectrum of modeling approaches Presents new results on the importance of currency trading in exchange-rate determination Provides new perspectives on long-standing puzzles in exchange-rate economics End-of-chapter questions cement key ideas
Download or read book Essays on Real Exchange Rate Dynamics written by Jens Sondergaard and published by . This book was released on 2004 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on Exchange Rate Dynamics Trade Balance and International Finance written by Young Soo Woo and published by . This book was released on 1995 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays in the Theory of Exchange Rate Dynamics written by Andrew Renfrew Criswell and published by . This book was released on 1983 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Exchange Rate Dynamics written by Eric J. Pentecost and published by Edward Elgar Publishing. This book was released on 1993 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work examines the development of the determinants of the exchange rate system since the mid-1970s. It scrutinises the main theoretical models of exchange rate determination and assesses their empirical validity drawn from recent econometric results (based on cointegration methodology).
Download or read book Shadows of History written by Douglas L. Campbell and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation is comprised of one essay focusing on the measurement of real exchange rate indexes, three chapters on the various impacts of real exchange rate movements on the economy, two essays on the impact of fixed exchange rate regimes on trade, one essay on the long-run impact of trade shocks, and a final chapter on the diffusion of technology along geographic lines. The common theme is that these essays collectively paint a picture of the world in which history casts surprisingly long shadows, as current economic relationships -- trade, employment, productivity, and output -- are the product of history. In the first essay, coauthored with Ju Hyun Pyun, we propose several new methods of computing real exchange rate indices which fix a subtle, but important, index numbers problem apparent in widely-used series created by the Federal Reserve and the IMF, and also control for productivity. Extending one of these indexes historically for the US back to 1820, we uncover a new empirical fact -- that in 2002, the US price level had been higher relative to trading partners than at any time since the worst year of the Great Depression. The next three chapters essay address the issue of the economic impact of RER movements. To identify a causal impact of RER movements on manufacturing, I compare the US experience in the early 2000s to the 1980s, when large US fiscal deficits led to a sharp appreciation in the dollar, and to Canada's experience in mid-2000s, when high oil prices and a falling US dollar led to an equally sharp appreciation of the Canadian dollar. I use disaggregated sectoral data and a difference-in-difference methodology, finding that an appreciation in relative unit labor costs for the lead to disproportionate declines in employment, productivity and output for both the US and Canada. In addition, I find that the impact of a temporary shock to real exchange rates is surprisingly long-lived. In the second of these chapters, I find scant evidence for an impact of adverse trade shocks on inquality in manufacturing, and in the third, I speculate that the collapse in manufacturing caused by tectonic shifts in relative prices are a likely cause of the "secular stagnation'' experienced in the US since 2000. In the fifth and sixth chapters I challenge previous literature which found that currency unions lead to dramatically larger trade flows. I found that this previous literature did not control for the fact that current trade relationships are the product of historical forces -- in this case, that countries with former colonial relationships experienced only a gradual decay of trade ties over time since independence. Adding in a dynamic control for country-pair specific trends in trade patterns, and omitting currency union changes brought on by major geopolitical events such as communist takeovers and ethnic cleansing episodes severely weakened the previous findings in the literature. In the seventh chapter, I look at the long-run impacts of temporary shocks to trade patterns from the world wars. I find, for example, that while UK manufacturers dominated world export markets before WWI, during the war US exporters rose to prominence, but that after the war the UK could then not regain the market share it had previously, even given the relative reduction of UK GDP. In the final chapter, with coauthor Ju Hyun Pyun, we challenge a previous seminal finding in the development literature which found that a country's ``genetic distance'' to the US predicts its per capita GDP, even while controlling for a whole host of other variables. We find, by contrast, that the apparent impact of genetic distance was not robust to the inclusion of two standard geographic controls -- distance from the equator and a dummy for sub-Saharan Africa.
Download or read book Essays on Exchange Rate Dynamics written by Patrick Anthony Groenendijk and published by . This book was released on 1999 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on Production based Exchange Rates and Uncertainty written by Luis Iván Alfaro Dardon and published by . This book was released on 2017 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation examines both the determinants and the effects of exchange rate dynamics. The work is both theoretical and empirical and examines exchange rates from the perspective of investment and production activity. The dissertation is divided into three chapters.
Download or read book Exchange Rate Management Under Uncertainty written by Jagdeep S. Bhandari and published by MIT Press. This book was released on 1987 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: These twelve essays take up economic management under flexible exchange rates in the presence of uncertainty. Nearly all of the contributions adopt a rational expectations framework, focusing on the stochastic aspects of the assumption and exploring the variability of, for example, output and prices in relation to the variability of various external disturbances.Jagdeep Bhandari is Associate Professor of International Economics at West Virginia University.
Download or read book Monetary Policy Capital Flows and Exchange Rates written by David G. Dickinson and published by Psychology Press. This book was released on 2002 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Max Fry was known internationally for his research on international and domestic financial issues. This book draws together contributions from a range of academic and policy-making friends and colleagues.
Download or read book An Essay on Exchange Rate Dynamics written by Stephan Schulmeister and published by . This book was released on 1987 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on Exchange Rate Dynamics and Currency Crises in Asia written by Sweta Chaman Saxena and published by . This book was released on 2000 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Essay on the Intertemporal General Equilibrium Model of Exchange Rates in a Continuous time Version written by Ki Young Chung and published by . This book was released on 1986 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book On Exchange Rates written by Jeffrey A. Frankel and published by MIT Press. This book was released on 1993 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt: These seventeen essays provide an accessible and thorough reference for understanding the role of exchange rates in the international monetary system since 1973, when the rates were allowed to float. The essays analyze such issues as exchange rate movements, exchange risk premia, investor expectations of exchange rates and behavior of exchange rates in different systems. Frankel's sound empirical treatment of exchange rate questions shows that it is possible to produce work that is interesting from a purely intellectual viewpoint while contributing to practical knowledge of the real world of international economics and finance.The essays have been organized in a way that provides an introduction to the field of empirical international finance. Part I documents the steady reduction in barriers to international capital movement and leads logically to part II, which explains how exchange rates are determined. Both monetary and portfolio-based models are surveyed in part II, providing a clear transition to the topic of part III; the possible existence of an exchange risk premium. Part IV applies the tools discussed in earlier sections to explore various policy questions related to exchange rate expectations such as whether foreign exchange intervention matters and whether the European monetary system had become credible by 1991. Each part begins with a detailed introduction explaining not only the central issues of that section but also suggesting connections with other essays in the book.Jeffrey A. Frankel is Professor of Economics at the University of California, Berkeley.
Download or read book Empirical Modeling of Exchange Rate Dynamics written by Francis X. Diebold and published by Springer. This book was released on 1988 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt:
