U.S. monetary policy spilloverscurrency premiumuncovered interest rate parity conditionWe use a two-country New Keynesian model with balance sheet constraints to investigate the magnitude of international spillovers of U.S. monetary policy. Home bdoi:10.2139/ssrn.3191916Akinci, OzgeQueralto, Albert...
I use firm-level data on investment and evaluate the balance sheet effect of changes in the exchange rate. The fact that a depreciation not only generates an expansion (for a small open economy that exports raw materials) but also has the potential of recession (in a dollarized economy in ...
Yigit (2011), "Corporate Sector Liability Dollarization and Exchange Rate Balance Sheet Effect in Turkey", Applied Economics, Vol. 43, pp. 4741-47.Kesriyeli, M., Ozmen, E. and S. Yiğit (2011) Corporate sector liability dollarization and exchange rate balance sheet effect in Turkey, ...
Our analytical model incorporates a transmission mechanism, the balance-sheet effects, which formulates the possible interaction between foreign debt and exchange rate policy. We find that a floating exchange rate that depends on external ... TK Ho,YC Lin,KC Yeh - 《Review of International Economi...
athe income of the foreign operation are translated into euros at average exchange rate for the year while the balance sheet is translated at closing exchange rates. Translation differences on earnings and reserves and recorded are recognized directly in equity 当资产负债表被翻译以closing交换率时,国外...
The exchange rate is to donate the balance sheet on the spot exchange rate. The net investment in foreign entities, the report refers to foreign enterprises in the net assets in the equity share of the entity. The monetary item refers to the enterprise with the money and should be based ...
A simple monetary model is built to illustrate that the pegged exchange rate system will collapse under an unstable external environment via the balance sheet contagion and the "boiling frog" effect, even if the domestic policy and the fundamentals are sound. If agents anticipate this happening, ...
Presently, the official exchange rate of the naira to USD is ₦432. However, banks need to make some profit from dealing in these currencies; they need to pay the cashiers, and they also need to see some fiscal contributions to the balance sheet coming from the currency dealing desk. ...
36、inancial Crises and Capital Flight When a central bank does not have enough official international reserve assets to maintain a fixed exchange rate, a balance of payments crisis results.To sustain a fixed exchange rate, the central bank must have enough foreign assets to sell in order to ...
Balance sheet rates: Rate to GBP30-Jun-2030-Jun-19YoY Delta USD1.2271.2693.3% SEK11.50211.7822.4% NOK11.95910.812-10.6% EUR1.0961.1151.7% DKK8.1688.3251.9% AUD1.7911.8121.2% Income statement averages for the quarter: Rate to GBPAvg Q2 20Avg Q2 19YoY Delta ...