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Real exchange rate undervaluation, regional integration and services sector performance: evidence from the East African Community
We undertake to estimate the effects of real exchange rate misalignment and regional integration on the service sector performance in selected...
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Business Cycle Fluctuations, Foreign Direct Investment, and Real Effective Exchange Rate Nexus Among Asian Countries
Asian economies had faced high economic instability as compared to advanced economies due to unstable exchange rates, financial dependence on...
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The Exchange Rate Elasticity of Exports: A Shock-Dependent Approach
The exchange rate elasticity of exports is often interpreted and estimated as an unconditional structural parameter in the literature. We show that...
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Tariffs and the Exchange Rate: Evidence from Twitter
This paper examines the conjecture that an increase in tariffs in a flexible exchange rate regime leads to the appreciation of the local currency. We...
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Explaining Exchange Rate Forecasts with Macroeconomic Fundamentals Using Interpretive Machine Learning
The complexity and ambiguity of financial and economic systems, along with frequent changes in the economic environment, have made it difficult to...
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Forecasts on Euro-to-USD Exchange Rate Based on the ARIMA Model
In the past few years, the Euro-to-USD exchange rate fluctuated significantly. Especially during periods of the Russia-Ukraine conflict and the...
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The asymmetric effects of exchange rate volatility on US–Pakistan trade flows: new evidence from nonlinear ARDL approach
Earlier studies that examined the response of trade flows to exchange rate volatility relied on the assumption that increased volatility and...
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Exchange Rate Policy and Firm Heterogeneity
This paper examines the exchange rate policy in a tractable framework with heterogeneous firms, incomplete financial markets and nominal rigidities....
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Modelling foreign exchange rate co-movement and its spatial dependence in emerging markets: a spatial econometrics approach
This paper studies the impact of macroeconomic factors on co-movement in the foreign exchange rate markets. Data of foreign exchange rates from 24...
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Is Exchange Rate Volatility Symmetric to Oil Price Volatility? An Investigation for India
The studies involving finding a relation between oil prices and the exchange rate have often looked the relationship when the oil price was rising....
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Effects of foreign direct investment on industrial development in Sub-Saharan Africa: the role of exchange rate misalignment
The aim of this article is to analyze the role of exchange rate misalignment in explaining the effects of foreign direct investment (FDI) on...
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Exchange rate pass-through to inflation in Morocco: a structural VAR approach
Both theoretical and empirical literature emphasize the influence of exchange rate shocks on the domestic prices of imported goods. In this context,...
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The effect of central bank credibility on economic growth and output volatility in inflation targeting regime
Against the backdrop that inflation targeting is adopted to achieve a stable macroeconomy (i.e. achieve single-digit inflation rates, lock-in of...
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Optimal portfolio selection with volatility information for a high frequency rebalancing algorithm
We propose a high-frequency rebalancing algorithm (HFRA) and compare its performance with periodic rebalancing (PR) and threshold rebalancing (TR)...
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Analysis and Forecasting of Exchange Rate Between Yuan and Dollar
Sino-US trade relations have been a hot topic in the economy in recent years, with the effects of the pandemic and the trade conflicts that have...
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Phillips curve and the exchange rate pass-through: a time–frequency approach
This work analyzes the exchange rate pass-through to inflation in Brazil through a methodology that simultaneously considers the time and the...
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Macroeconomic attention and commodity market volatility
In this paper, we empirically examine the relationship between the novel macroeconomic attention indices (MAI) and commodity market volatility....
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Exchange rate misalignment and revenue mobilisation: a global comparative evidence of trade openness thresholds
This study aims to examine the effects of exchange rate misalignment on tax revenue mobilisation on a global scale. The results from the IV-2SLS for...
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Pass-through with volatile exchange rates and inflation targeting
As central banks struggle against high inflation in the aftermath of the Covid-19 pandemic and the war in the Ukraine, it is essential to understand...
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Anatomy of intraday volatility at the Chilean stock exchange
This is the first study, to our best knowledge, that investigates the intraday volatility characteristics of the Santiago Stock Exchange. The Chilean...
