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1

Kubota, Megumi. "Real exchange rate misalignments." Thesis, University of York, 2009. http://etheses.whiterose.ac.uk/874/.

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The real exchange rate (RER) misalignment is a key variable in academic and policy circles. Among policy circles, sustained RER overvaluations are observed by authorities for future exchange rate adjustments. In some cases with capital flows pouring into emerging markets, those countries have tried to remain competitive by pursuing very active exchange policies to undervalue their currencies and foster growth through export promotion (e.g. China). These developments have led to a renewed debate on the role of exchange rate policies as industrial policy tools in both academic and policy circles
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2

Hwang, Yu-Ning. "Essays on real exchange rate dynamics and exchange rate regime /." Thesis, Connect to this title online; UW restricted, 2006. http://hdl.handle.net/1773/7509.

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3

Chan, Man Ching Stella. "Essays on real exchange rate adjustments in a fixed exchange rate system." Diss., Restricted to subscribing institutions, 2008. http://proquest.umi.com/pqdweb?did=1666128101&sid=5&Fmt=2&clientId=1564&RQT=309&VName=PQD.

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4

Wu, Jyh-lin. "Models of the real exchange rate." The Ohio State University, 1990. http://rave.ohiolink.edu/etdc/view?acc_num=osu1262620113.

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5

Golotvina, Natalia. "Essays on real exchange rates and exchange rate arrangements /." For electronic version search Digital dissertations database. Restricted to UC campuses. Access is free to UC campus dissertations, 2004. http://uclibs.org/PID/11984.

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6

Gonzalez, Pablo. "Nominal exchange rate pegging, escape clauses and targeting of the real exchange rate." Texas A&M University, 2003. http://hdl.handle.net/1969.1/3916.

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We consider an economy under a fixed exchange rate system, but with bounds (a minimum level or a band) on the real exchange rate. The international price of the tradable good is characterized by the continuous arrival of shocks that change its level. In a model with microfoundations, we investigate the effects of targeting the real exchange rate through nominal exchange rate changes that preclude the real exchange from trespassing the imposed bounds. A stochastic general model with two goods and fixed non-tradable goods price level is developed. We analyze the cases in which a lower bound or a
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7

Perry, Debra Lynn. "Commodity prices and real exchange rate movements." Thesis, London Business School (University of London), 1994. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.336607.

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8

Pal, Arup M. Fin Massachusetts Institute of Technology. "Retail prices and the real exchange rate." Thesis, Massachusetts Institute of Technology, 2017. http://hdl.handle.net/1721.1/109650.

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Thesis: M. Fin., Massachusetts Institute of Technology, Sloan School of Management, Master of Finance Program, 2017.<br>Cataloged from PDF version of thesis.<br>Includes bibliographical references (pages 43).<br>This paper uses daily frequency relative prices gathered from online retailers for a basket of countries to investigate the Purchasing Power Parity relationship, exchange rate pass-throughs and the effect of price shocks on nominal exchange rates. We fit a structural VAR model on exchange rate and relative price data to compute impulse responses for each country. We find evidence of ex
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9

Cho, Gue Dae. "Real exchange rate movements and agricultural trade /." The Ohio State University, 2001. http://rave.ohiolink.edu/etdc/view?acc_num=osu1488204276531047.

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10

Lotfi, Heravi M. Mahdi. "Real exchange rate in commodity exporting countries." Thesis, University of Glasgow, 2015. http://theses.gla.ac.uk/6766/.

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The aim of this thesis is three-fold. First, in contrast to developed exporting countries such as Australia, New Zealand and Canada, Middle East oil exporting countries are years behind achieving the prerequisites for floating exchange rate and Inflation Targeting monetary regime. On the other hand, their performance under fixed exchange rate (to the US dollar) has brought them some painful experience such as the Dutch Disease and high inflation. For a sample of five of these countries -- Qatar, Oman, Kuwait, Saudi Arabia and the UAE -- we conduct a set of counterfactual experiments. We empiri
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11

Alawin, Mohammad. "Real exchange rate behavior in Arab countries /." Search for this dissertation online, 2004. http://wwwlib.umi.com/cr/ksu/main.

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12

FERNANDEZ, CASSIANA YUMI HAYASHI. "REAL EXCHANGE RATE AND COMMODITY PRICES: RELATION IDENTIFIED USING CHANGES OF EXCHANGE RATE REGIME." PONTIFÍCIA UNIVERSIDADE CATÓLICA DO RIO DE JANEIRO, 2003. http://www.maxwell.vrac.puc-rio.br/Busca_etds.php?strSecao=resultado&nrSeq=4235@1.

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A partir do método de Rigobon (2001) para identificação de um sistema de equações simultâneas na presença de heterocedasticidade, aprofundamos a discussão sobre a relação entre os preços internacionais de commodities e o câmbio real para países com determinadas características. Ao contrário da abordagem tradicional da literatura de commodity currency nesta dissertação admitimos a possibilidade dos preços de commodities serem endógenos em relação à taxa de câmbio, trabalhamos com séries que incorporam mais de um regime cambial e, através de diversas simulações, encontramos evidências de
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13

Khan, Hashmat. "Essays on output and real exchange rate dynamics." Thesis, National Library of Canada = Bibliothèque nationale du Canada, 2000. http://www.collectionscanada.ca/obj/s4/f2/dsk1/tape3/PQDD_0017/NQ48664.pdf.

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14

Bruneau, Gabriel. "Labour Market Adjustments to Real Exchange Rate Fluctuations." Thesis, Université Laval, 2008. http://www.theses.ulaval.ca/2008/25052/25052.pdf.

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Ce papier évalue la sensibilité de l'emploi, des heures travaillées et des salaires aux variations du taux de change pour les industries manufacturières canadiennes et fournit une étude empirique de l'ajustement de l'emploi, des heures travaillées et des salaires dans de telles industries. L'analyse est basée sur un modèle dynamique appliqué à un panel de 21 industries de 1987 à 2006. L'effet net de l'appréciation du dollar canadien s'est avéré statistiquement significatif et négatif pour l'emploi, les heures travaillées et les salaires, bien que l'effet sur les heures travaillées soit plus pr
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15

Giacomelli, Drausio S. 1966. "Essays on consumption and the real exchange rate." Thesis, Massachusetts Institute of Technology, 1998. http://hdl.handle.net/1721.1/10118.

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16

Kumakura, Masanaga. "Exchange rate instability, real options, and international trade." Thesis, University of Cambridge, 2002. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.620524.

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17

Choi, Doo-Yull. "Real exchange rate prediction by long horizon regression." Connect to resource, 1994. http://rave.ohiolink.edu/etdc/view.cgi?acc%5Fnum=osu1271854864.

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18

Dogan, Aydan. "Two sector models of the real exchange rate." Thesis, University of Kent, 2016. https://kar.kent.ac.uk/54747/.

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This thesis consists of three self contained chapters. In the first chapter, we re-assess the problem of general equilibrium models in matching the behaviour of the real exchange rate. We do so by developing a two country general equilibrium model with non-traded goods, home bias, incomplete markets and partial degrees of pass through as well as nominal rigidities both in the goods and labour markets. Our key finding is that presenting an encompassing model structure improves the performance of the model in addressing the persistence of the real exchange rate and its correlation with relative
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19

Can, Mutan Oya. "Real Exchange Rates And Real Interest Rate Differentials: An Empirical Investigation." Master's thesis, METU, 2005. http://etd.lib.metu.edu.tr/upload/2/12606669/index.pdf.

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This study investigates the validity of the real exchange rate-real interest rate differential (RERI) relationship for a sample of twenty-three developing and developed countries. The results based on the Johansen cointegration analysis suggest the validity of the long-run RERI relationship only for a small number of countries including Canada, Italy, Switzerland, Belgium, Chile, Israel and Norway. Real interest rate differentials are found to be positively associated with real exchange rates in the long-run for every country except Israel. The results of the weak exogeneity tests suggest that
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20

Chang, Jaechul. "Real exchange rate and relative real wage : the Balassa-Samuelson model revisited /." Thesis, Connect to this title online; UW restricted, 2002. http://hdl.handle.net/1773/7430.

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21

Kim, Chung-Han. "Empirical studies of real exchange rates : heteroskedasticity, cross exchange rate correlation, forecasting /." Thesis, Connect to this title online; UW restricted, 1998. http://hdl.handle.net/1773/7396.

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22

Hangsasuta, Chanakan, and Phakinee Jiravanichsakul. "Analysis of Real Exchange rate: Case study of Thailand." Thesis, Linnéuniversitetet, Ekonomihögskolan, ELNU, 2011. http://urn.kb.se/resolve?urn=urn:nbn:se:lnu:diva-12264.

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This paper examines the explanatory variables that can affect the real exchange rate (RER). It aims at investigating the way in which RER (real exchange rate) misalignment relates to the Thai economy in regarding the financial crisis, capital control policy imposed by the central Bank of Thailand (BOT), and import/export. The RER (real exchange rate) at the equilibrium level will be estimated using the behavioral effective exchange rate model (BEER model). RER (real exchange rate) misalignment is observed through comparing the calculated RER (real exchange rate) and the estimated RER (real exc
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23

Thoenissen, Christoph. "Dynamic general equilibrium models of the real exchange rate." Thesis, University of York, 1996. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.321674.

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24

Shenbagaraman, Premalata. "Time-varying real exchange rate risk in emerging markets." Connect to resource, 1999. http://rave.ohiolink.edu/etdc/view.cgi?acc%5Fnum=osu1261243961.

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25

Kitenge, Erick M. "ESSAYS ON REAL EXCHANGE RATE DYNAMICS AND PRICE CONVERGENCE." OpenSIUC, 2016. https://opensiuc.lib.siu.edu/dissertations/1178.

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In the first chapter, entitled “On Cross-country Differences in the Contribution of Nontraded Goods to Real Exchange Rate Fluctuations”, The contribution of nontraded goods to Real Exchange Rate (RER) fluctuations for a large number of countries that include high, middle, and low-income countries are estimated using Engel’s (1999, JPE) approaches. We also propose a new quantity dual approach which does not require any assumption regarding the functional form for either the production function or for the overall price index to estimate similar measures. All the three approaches used yield quali
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26

Petrova, Karina, and Anastasiya Bochkareva. "Real exchange rate fluctuations under flexible exchange rate regime. : The impact of the economic shocks on Swedish Krona." Thesis, Mälardalen University, School of Sustainable Development of Society and Technology, 2010. http://urn.kb.se/resolve?urn=urn:nbn:se:mdh:diva-9852.

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<p>Title:</p><p>Real exchange rate fluctuations under flexible exchange rate regime. The impact of the economic shocks on Swedish Krona.</p><p>Authors:</p><p>Anastasiya Bochkareva -870208; Karina Petrova – 880613</p><p>Supervisor:</p><p>Christos Papahristodoulou<em></em></p><p>Key Words:</p><p>Swedish Krona; Real Exchange Rate; Economic Shocks; Real demand Shocks; Monetary Shocks; Supply Shocks; Flexible Exchange Rate Regime; Aggregate Demand/Aggregate Supply Model; Regression Analysis</p><p>Institution:</p><p>Mälardalen University Sweden, School of Sustainable Development of Society and Techn
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27

Eita, Joel Hinaunye. "Estimating the equilibrium real exchange rate and misalignment for Namibia." Thesis, Pretoria : [s.n.], 2007. http://upetd.up.ac.za/thesis/available/etd-11212007-134835.

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28

Cociu, Sergiu. "Trade openess and exchange rate volatility." Thesis, Jönköping University, Jönköping International Business School, 2007. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-983.

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<p>The present thesis tries to argue the importance of non monetary factors in explaining real exchange rate volatility. The main interest is on the effect of trade openness on real effec-tive exchange rate (REER) volatility. Based on theoretical studies I test the existence of a negative relationship between total trade share of an economy and the volatility of REER. Empirical evidence on a panel of 11 CEE and Baltic Countries for the 1995-2006 period confirms the relationship. The conclusion is that for these specific countries a large part of variation of the real exchange rate can be expla
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29

MENEZES, FELIPE DA COSTA MENDES O. DE. "FORWARD EXCHANGE RATE AND SPOT EXCHANGE RATE: ASSESSING THE SIGNIFICANCE OF SOME POSSIBLE EXPLAINING VARIABLES IN BRAZILIAN EXCHANGE MARKET (BRAZILIAN REAL/DOLLAR)." PONTIFÍCIA UNIVERSIDADE CATÓLICA DO RIO DE JANEIRO, 2017. http://www.maxwell.vrac.puc-rio.br/Busca_etds.php?strSecao=resultado&nrSeq=32350@1.

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Teorias internacionais na área de economia e finanças acreditam em uma relação significante entre o mercado cambial futuro e o mercado cambial à vista. Se esta afirmação for verdadeira, isto significa que os valores negociados no mercado futuro seriam bons previsores dos valores que viriam a ser negociados no mercado à vista em uma data futura. No entanto, diversos estudos e dados empíricos revelam que este evento não se mostra fiel no mercado cambial brasileiro (Real/Dólar) bem como em outros mercados cambiais internacionais, em especial nos principais mercados europeus. A justificativa para
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30

Abbey, Laurie-Ann Cecilia. "The effects of nominal shocks on the real exchange rate /." Thesis, McGill University, 1991. http://digitool.Library.McGill.CA:80/R/?func=dbin-jump-full&object_id=61180.

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This study focuses on the effects of nominal shocks on the real exchange rate. The model used to determine the effects of a monetary expansion on the real exchange rate assumes instantaneously clearing asset markets and sticky goods prices. A monetary expansion causes the nominal exchange rate to initially overshoot its long run equilibrium value followed by a series of appreciations. The real exchange rate depreciates sharply and then appreciates until its initial value is restored.<br>A simple monetary model, a sticky price monetary model and a random walk model are empirically tested with C
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31

Krois, Bettina. "Essays on the real effects of exchange rate based stabilizations." [S.l. : s.n.], 2003. http://deposit.ddb.de/cgi-bin/dokserv?idn=973088737.

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32

Wing-Keung, Lo Kenneth. "Export growth, economic growth and real exchange rate in Indonesia." Thesis, City University London, 2000. http://openaccess.city.ac.uk/8120/.

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The thesis studies the export growth, economic growth and real exchange rate in Indonesia. The research is a piece of empirical studies mainly covering the period from 1974 to 1993. Indonesia is an oil-exporting country. Economic recession with high inflation rate in the early eighties prompted the government to undertake a series of economic and financial reforms. It was believed that oil export earnings by itself could not sustain long-term economic growth. Trade reform and devaluation would stimulate high economic growth through diversifying non-oil exports, attracting foreign and domestic
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33

Wong, Kai Tim (Douglas). "Essays on international stock markets and real exchange rate dynamics." Thesis, University of Glasgow, 2019. http://theses.gla.ac.uk/41051/.

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This thesis aims to examine the long-run determinants of the real exchange rate, and to identify the sources of real exchange rate and relative stock price short-run fluctuations. In chapter 1, I incorporate the relative stock prices into the Dornbusch's Mundell-Fleming Real Exchange Rate Model in order to investigate the long-run relationship between the money, goods and stock markets. In chapter 2, I build on the work of Dornbusch (1976), Clarida and Gali (1994), Malliaropulos (1998) and Hoffmann and MacDonald (2000) in order to form the sticky-price equilibrium solution for identifying the
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34

Zhou, D. D. "Evaluating the extent of real exchange rate misalignment in China." Thesis, Coventry University, 2009. http://curve.coventry.ac.uk/open/items/c10023aa-c67b-7bb5-960a-7d97454a6248/1.

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The dissertation investigates the issues pertaining to China’s fixed exchange rate policy and attempts to appraise the case for greater exchange rate flexibility. The thesis addresses three objectives: First, a critical appraisal of China’s exchange rate policy in the light of theoretical and empirical literature supporting greater flexibility in exchange rate; second, it builds a monetary dual exchange rate model and analyses in a dynamic theoretical framework the impact of nominal demand and price shocks due to over and undervalued currency. Third, using Chinese macroeconomic data it empiric
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35

Wan, Simon Shui-Ming. "Real exchange rate volatility in the long-run growth process." Thesis, University of Oxford, 2014. http://ora.ox.ac.uk/objects/uuid:9115f1f1-656c-4d3b-9147-4d061d30859d.

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The objective of this thesis is to examine real exchange rate volatility, with a particular focus on investigating the causes of exchange rate jumps. While the predominant approach in the literature is to examine the interaction between nominal rigidities and nominal shocks, this thesis examines the volatility that arises from real rigidities and shocks. Trying to better understand the transmission of real shocks to the exchange rate is a worthwhile task, given the substantial evidence that these shocks and rigidities are important for explaining other economic fluctuations. This thesis develo
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MBanze, Nelza José Maria Curambiçua. "Foreign aid inflows and real exchange rate : evidence from Mozambique." Master's thesis, Instituto Superior de Economia e Gestão, 2015. http://hdl.handle.net/10400.5/11046.

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Mestrado em Economia Monetária e Financeira<br>Este artigo tem por objectivo estimar o impacto da ajuda externa, a curto e longo prazo, na taxa de câmbio real efectiva com recurso a abordagem de cointegração (Modelo do Vector de Correcção do Erro (VECM) utilizando uma série temporal de Moçambique no período de 1985 a 2014. A pesquisa conclui que o fluxo da ajuda externa conduz a apreciação da taxa de câmbio no curto prazo e que entre as variáveis explicativas, a abertura ao comércio e a ajuda externa têm maior contribuição nas variações da taxa de câmbio real efectiva. A principal implicação p
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Ajagunna, Peter Adegbola. "Real exchange rate and ageing population of the G20 countries." Master's thesis, Instituto Superior de Economia e Gestão, 2017. http://hdl.handle.net/10400.5/14459.

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Mestrado em Economia Monetária e Financeira<br>Nosso estudo é com base na recolha de dados relevantes das economias do G20 com a inclusão da Grécia, Portugal, Espanha e Nigéria. Os dados coletados são variados em um período de 35 anos (1980 - 2015) e a metodologia empregada é a Técnica de Regressão Linear na qual três modelos foram estimado, nomeadamente: modelos OLS agrupados, efeitos aleatórios (RE) e efeito fixo (FE). O FE modelo que é nosso modelo preferido e ótimo mostra que a coorte da população em idade de trabalhar - que se diz serem produtivas, têm uma associação depreciadora ao RER d
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38

Doganlar, Murat. "Real exchange rate determination and inflation in Turkey 1957-1990." Thesis, University of Aberdeen, 1994. http://digitool.abdn.ac.uk/R?func=search-advanced-go&find_code1=WSN&request1=AAIU067638.

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This thesis analyses the determinants of the real exchange rate in Turkey. It is the first major study of the sources of real exchange rate variability in Turkey. This is an important topic because, if the real exchange rate is misaligned, there will be adverse effects upon economic welfare. The theoretical literature on the Marshall-Lerner condition for a successful devaluation is reviewed. The review and the empirical evidence for Turkey, and for other less developed countries, suggests that the Marshall-Lerner condition will not be satisfied. The theory of the determination of the real exch
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39

Jurečka, Peter. "The Impact of Exchange Rate Volatility on Czech Real Export." Master's thesis, Vysoká škola ekonomická v Praze, 2007. http://www.nusl.cz/ntk/nusl-2463.

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This diploma thesis deals with the impact of real exchange rate volatility on real export of the Czech Republic. In the first part, theoretical aspects of this relationship are examined, explaining both - positive and negative ? effects on bilateral and aggregate trade flows. Further on, empirical data and econometric tools are employed to capture the relationship between real export and its main determinants for the case of Czech Republic in the past decade. After the brief theoretical introduction to time series econometrics, the particular export demand model is proposed and various cointeg
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40

Lee, Seung Jae. "Determinants of real exchange rate : with emphasis on productivity shocks /." free to MU campus, to others for purchase, 2000. http://wwwlib.umi.com/cr/mo/fullcit?p9999299.

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41

Valladares, Frederico Estrella Carneiro. "Real exchange rate misalignments : an application of Markov switching models." reponame:Repositório Institucional do FGV, 2002. http://hdl.handle.net/10438/7951.

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Krois, Bettina. "Essays on the real effects of exchange rate-based stabilizations." Doctoral thesis, Humboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät, 2004. http://dx.doi.org/10.18452/15149.

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Die lateinamerikanischen Währungskrisen lenkten erst kürzlich wieder das Augenmerk auf die Gefahren wechselkursbasierter Stabilisierungen (WKBS). Dies sind Inflationsstabilisierungsprogramme, die den nominalen Wechselkurs als vorrangiges geldpolitisches Instrument einsetzen. Die vorliegende Dissertation dokumentiert die Wirkung der Stabilisierungen und präsentiert Erklärungsmodelle für deren stilisierte Fakten. Das erste Kapitel untersucht in Burns-Mitchell-Diagrammen typische reale und monetäre Effekte von 13 Stabilisierungsepisoden. Der anfängliche Anstieg des Konsums und des BIPs, die real
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43

CIFERRI, DAVIDE. "Real exchange rate dynamics in developing countries: three empirical essays." Doctoral thesis, Università degli Studi di Roma "Tor Vergata", 2010. http://hdl.handle.net/2108/1404.

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L’attività di ricerca presentata in questa tesi si basa principalmente sullo studio della dinamica dei tassi di cambio reali nei paesi in via di sviluppo. Sebbene esistano diversi studi nella letteratura empirica, focalizzati sulle principali determinanti delle fluttuazioni del tasso di cambio reale nei paesi industrializzati, solamente pochi lavori sono stati condotti al fine di studiare le stesse dinamiche per i paesi in via di sviluppo. In questa ricercasi cerca di analizzare, quindi, le principali determinanti delle fluttuazioni del tasso di cambio reale per due gruppi di paesi; le economi
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44

Shu, Yan. "Essays on Exchange Rate Economics." FIU Digital Commons, 2008. http://digitalcommons.fiu.edu/etd/16.

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Exchange rate economics has achieved substantial development in the past few decades. Despite extensive research, a large number of unresolved problems remain in the exchange rate debate. This dissertation studied three puzzling issues aiming to improve our understanding of exchange rate behavior. Chapter Two used advanced econometric techniques to model and forecast exchange rate dynamics. Chapter Three and Chapter Four studied issues related to exchange rates using the theory of New Open Economy Macroeconomics. Chapter Two empirically examined the short-run forecastability of nominal exchang
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45

WAJNBERG, TAMARA. "REAL EXCHANGE RATE MISALIGNMENT AND ECONOMIC GROWTH: AN INVESTIGATION ABOUT THE RELATION BETWEEN REAL EXCHANGE RATES, SAVINGS AND GROWTH." PONTIFÍCIA UNIVERSIDADE CATÓLICA DO RIO DE JANEIRO, 2008. http://www.maxwell.vrac.puc-rio.br/Busca_etds.php?strSecao=resultado&nrSeq=12127@1.

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O debate em torno da relação entre câmbio real e crescimento, apesar de antigo no meio acadêmico, se fortaleceu com as experiências de alguns países asiáticos de rápido crescimento econômico e manutenção da taxa de câmbio real em níveis muito baixos. Estudos recentes documentam que desvalorizações cambiais até certo nível podem ter efeito positivo sobre o crescimento, enquanto que sobrevalorizações são sempre negativas. O objetivo desta dissertação é mostrar que existe uma relação direta entre poupança doméstica e câmbio real, e entre poupança e crescimento, de forma que os resultados
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46

Lindblad, Hans. "Essays on Unemployment and Real Exchange Rates." Doctoral thesis, Stockholms universitet, Nationalekonomiska institutionen, 2010. http://urn.kb.se/resolve?urn=urn:nbn:se:su:diva-43830.

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In the first essay, Persistence in Swedish Unemployment Rates, we study if there is no or weak tendency in unemployment rates to revert back to previous levels. Persistence is caused by: natural rate shocks, long unemployment cycles, and spill-over from cyclical to permanent unemployment. We find evidence of high persistence. The results suggest that the quick rise of unemployment rates during 1992-1994 was caused by large permanent and cyclical shocks in combination with spill-over effects. In the second essay, The Equilibrium Rate of Unemployment in a Small Open Economy, we challenge the com
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47

Kalinda, Mkenda Beatrice. "Essays on purchasing power parity, real exchange rate, and optimum currency areas /." Göteborg : Nationalekonomiska institutionen, Handelshögsk, 2000. http://www.handels.gu.se/epc/data/html/html/1973.html.

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48

Wang, Zhiyuan. "Study the relationship between real exchange rate and interest rate differential – United States and Sweden." Thesis, University of Skövde, School of Technology and Society, 2007. http://urn.kb.se/resolve?urn=urn:nbn:se:his:diva-83.

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<p>This paper uses co-integration method and error-correction model to re-examine the relationship between real exchange rate and expected interest rate differentials, including cumulated current account balance, over floating exchange rate periods. As indicated by the dynamic model, I find that there is a long run relationship among the variables using Johansen co-integration method. Final conclusion is that the empirical evidence is provided to show that our error-correction model leads to a good real exchange rate forecast.</p>
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49

Salazar, Neaves Abelardo. "Essays on real exchange rate volatility and openness in international trade." Thesis, University of Nottingham, 2010. http://eprints.nottingham.ac.uk/11737/.

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This work comprises five chapters that explore in detail issues related to real exchange rate volatility and trade openness. In the case of real exchange rate volatility, we start with the decomposition of this measure to determine the relative contribution of traded and nontraded goods to the variance of the real exchange rate. We obtain evidence in favour of a relevant role for non-traded goods. Our estimation of the real exchange rate volatility is included in the second chapter. Our results, based on a cross-section regression, show that the existing link of openness to real exchange rate
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50

Mbewu, Asanda. "The impact of real exchange rate on exports in South Africa." Thesis, Nelson Mandela Metropolitan University, 2017. http://hdl.handle.net/10948/19015.

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The purpose of this study is to establish the impact of real exchange rate on exports in South Africa. In conducting the empirical test, the Vector Error Correction Model and annual time series data between 1973 and 2014 has been utilised. In the model, exports are the dependent variable and the real effective exchange rates, gross domestic product, mining, agricultural, foreign direct investments, and merchandise export prices are explanatory variables. A significant inverse relationship between real effective exchange rates and exports was confirmed in line with economic theory. Except for t
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