Real exchange rate index (RER), Nominal exchange rate index (NER) and Nominal
Effective Real Exchange Rates and Irrelevant Nominal Exchange-rate Regimes
... floating exchange-rate ...fixed exchange-rate regime of the Bretton Woods system may differ from that of a fixed exchange-rate regime post-Bretton ...fixed exchange ...
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Real exchange rate volatility, financial crises and nominal exchange regimes
... that exchange rate do regimes really matter, as we obtain evidence in favour of nominal regimes affecting RER ...the exchange rate regime and RER volatility, as well as an increase in ...
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Consumption Risk-Sharing and the Real Exchange Rate: Why does the Nominal Exchange Rate Make Such a Difference?
... type variables in accounting for …nancial market integration. To allow for this, we thus amend the basic relationship so as to allow for a distance measure, as in the gravity literature. Our benchmark model speci…cation ...
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Modeling and Forecasting the Malawi Kwacha US Dollar Nominal Exchange Rate
... that real exchange rate (RER) was not ...the rate of inflation in Malawi remained higher than that of trading partners’ currencies such as South Africa, Zimbabwe and Zambia and also due ...
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Real Effects of Nominal Exchange Rate Shocks
... that real exchange rate developments have deep two-sector, two-factor, open- economy determinants — in particular, adding money-in-the-utility and q-theory to a standard two-sector, two-factor open ...
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Sources of exchange rate fluctuations: are they real or nominal?
... The selection of a VAR model approach to address this type of question is a natural one. In fact, most empirical work on the sources of exchange rate ‡uctuations builds on the use of an sVAR method to ...
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The source of real and nominal exchange rate fluctuations in Thailand: Real shock or nominal shock
... effective exchange rate reflects a country’s international competitiveness in terms of its foreign exchange ...individual exchange rates between home currency and the currencies of other ...
12
Sources of Real and Nominal Exchange Rate Movements for the Euro
... the real and nominal exchange rates are tested for by using the augmented Dickey-Fuller (ADF) tests (Dickey and Fuller, ...all real and nominal exchange rates, the null ...
11
Exchange Rate Regimes and the Nominal Convergence
... – Exchange rate regimes and the nominal convergence Also on the negative side, non-fixed exchange rate regimes may be promoting short-term volatility in case of global (or regional) ...
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Nominal Exchange Rate Regimes and Relative Price Dispersion: On the Importance of Nominal Exchange Rate Volatility for the Width of the Border
... and ‘control’ group. The ‘treatment’ group consists of all EMU international rela- tive prices whereas the ‘control’ group consists of all other (non-EMU) international relative prices. The ‘treatment’ that the EMU group ...
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Sources of real and nominal exchange rate fluctuations in transition economies
... Poland, nominal shocks had a bigger influence in explaining the short-run changes in the real exchange rate, whereas real shocks had a larger influence on the Hungarian real ...
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Nominal Exchange Rate Flexibility and Real Exchange Rate Adjustment: Evidence from Dual Exchange Rates in Developing Countries
... greater exchange rate flexibility facilitates real exchange rate ...the real exchange rate adjusts should depend a lot on exchange rate ...pegged ...
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DETERMINANTS OF NOMINAL EXCHANGE RATE FLUCTUATIONS IN KENYA
... to exchange rate change in order to reduce the losses caused by changes in exchange ...foreign exchange market and more so to predict the exchange rate trend in Kenya and make ...
36
Convergence, capital accumulation and the nominal exchange rate
... entry rate into a monetary union; but a realignment of a fixed exchange rate also shares these features as long as money supply is not completely ...conversion rate for EMU ...stronger ...
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Sources of Real Exchange Rate Fluctuations: How Important are Nominal Shocks?
... For two of the four countries we study, Germany and Japan, our structural estimates imply that monetary shocks, to money supply as well as to the demand for real money balances, explain [r] ...
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The Nominal Exchange Rate Implication of VAT Harmonization in EEC
... disequilibrium is accentuated and speculative attacks are imminent as a consequence of the VAT reform. The costs of these macroeconomic policies may be very high, and they might provoke very strong public anti-Maastricht ...
15
Nominal effective exchange rate neutrality: the case of Macedonia
... called exchange rate. Here we use as a proxy for the exchange rate nominal effective exchange rate (NEER) variable, which adjusts all the individual bilateral rates for ...
12
Exchange-Rate Policy and the Zero Bound on Nominal Interest
... Abstract: In this paper, we study the effectiveness of monetary policy in a severe recession and deflation when nominal interest rates are bounded at zero. We compare two alternative proposals for ameliorating the ...
15
Sources of Exchange Rate Fluctuations in Kenya: The Relative Importance of Real and Nominal Shocks
... in real exchange rates in Kenya in the period 2001q1 to 2013q4 so as to identify the shocks responsible for these ...the exchange rate: what is the relative importance of real versus ...
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Sources of Exchange Rate Fluctuations in Kenya: The Relative Importance of Real and Nominal Shocks
... in real exchange rates in Kenya in the period 2001q1 to 2013q4 so as to identify the shocks responsible for these ...the exchange rate: what is the relative importance of real versus ...
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