Floating exchange rates may weaken the impact. Even so, a crisis in a systemically important economy will have huge effects. 世界经济绝不可能再吸收一次巨大的通缩冲击。未来几年,中国带来这种冲击的可能性是真实存在的。但一个更长期的问题也出现了:如何让中国融入全球金融体系。经验表明,脆弱的金融系统同时...
Within this new environment, central banks have been constrained to apply the traditional monetary policy measures as these might have had an adverse cyclical impact on the domestic economy. In times of inflows, lowering interest rates and raising them during outflows had procyclical effects. Therefor...
Since the advent of floating exchange rates in 1973, the literature on the impact of exchange rate uncertainty on the trade flows has been growing rapidly, theoretically and empirically. Both groups support the notion that exchange rate uncertainty measured by a measure of exchange rate volatility ...
Exchange ratesinternational asset pricingarbitrage pricingparity factorsmacroeconomic factorThis paper provides evidence of a significant exchange rate effect on stock index returns using data from seven selected countries practicing free-floating exchange rate regimes. This research uses parity and asset ...
Aristotelous, K. (2002). The impact of the post-1972 floating exchange-rate regime on US exports. Applied Economics, 34: 1627-1632. Aristotelous, K. (2002). The impact of the post-1972 Floating exchange-rate regime on US exports, Applied Economics, 34(13), pp.1627-1632....
In the long run, the impact of exchange rate changes on the China-ASEAN Free Trade Area is relatively weak. Keywords: exchange rate shocks, RMB exchange rate, China- ASEAN Free Trade Area, VAR model I. INTRODUCTION Since the 1990s, all countries in the world have accelerated economic ...
The threat of volatility, which is the very nature of floating exchange rates, and the successive devaluations since the new reform program began, necessitates the need for a thorough and continuous evaluation of the impact of the devaluation program as well as the performance of the exchange ...
International Economics, 17e (Pugel) Chapter 19 What Determines Exchange Rates? 1) The ___ approach to exchange rates emphasizes the role of portfolio repositioning by international financial investors. A) elasticity B) asset market C) monetary D) balance-of-payments Answer: B Difficulty: 1 Easy...
he needs to receive these alarms and decide what to do next. The question is how to combine signals to maximize the effectiveness of foreign exchange trading strategies. 2. Chapter 1: Understanding Forex Signals Before diving deep into the importance and impact of forex signals, investors and tr...
The option-adjusted spread (OAS) refines the Z-spread by factoring in the impact of these options on the bond's value. Thus, it's the yield spread that investors would receive over a risk-free rate if a bond did not have any embedded options, such as call or put options. ...