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An Econometric Evaluation of International Monetary Policy Rules: Fixed Versus Flexible Exchange Rates.
Kocherlakota and Pistaferri (2007) describe two different models (Private Information Pareto Optimal and Incomplete Markets) of how households partially insure themselves against idiosyncratic shock...
Purchasing power parity (PPP) exchange rates are extensively used in international and development economics. Originally developed by the International Price Comparison Project for the Penn World Tabl...
This study investigates the effect of the exchange rate volatility and the real exchange rate on the bilateral agricultural exports flows of Turkey to 46 countries. A panel data set, which contains 46...
This study considers the multivariate segmentation procedure under the assumption of the multivariate Gaussian mixture. Jensen-Shannon divergence between two multivariate Gaussian distributions is emp...
Focuses on the foreign exchange rate systems and capital freedom in developing markets. Arguments against the free movement of capital; Divergence between marginal and average returns to capital and o...
This paper addresses whether exchange rates respond to changes in expectations of future U.S. monetary policy when no actual monetary policy changes occur. We employ data on Federal funds futures cont...
The global poverty count uses a common global poverty line, often referred to as the dollar-a-day line, currently $1.25 at 2005 international prices, whose construction and application depends on purc...
This paper was motivated by the need to establish the impact of importation into Nigeria and its main objectives were to find out the significant relationships between the official and parallel exchan...
上海财经大学宏观经济学课件Chapter18 Exchange Rates
Falling exchange rates cause a decline in the value of the U. S. dollar, increasing import prices and reducing export prices. These relative price changes create income and substitution effects. Thi...
The paper constructs the first series of nominal and real effective exchange rates of the Bulgarian Lev from its establishment in 1879 until 1939. The dynamics of both indicators during the Classical ...
We acknowledge invaluable assistance and advice from Bettina Aten, Shaida Badiee, Misha Belkindas, Yonas Biru, Shaohua Chen, Tefera Bekele Degefu, Yuri Dikhanov, Erwin Diewert, Alan Heston, D. S. ...
We have presented a novel technique of detecting intermittencies in a financial time series of the foreign exchange rate data of U.S.- Euro dollar( US/EUR) using a combination of both statistical and ...
We use techniques from network science to study correlations in the foreign exchange (FX) market over the period 1991–2008. We consider an FX market network in which each node represents an exchange r...

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