Current Account Reversals in Industrial Countries: does the Exchange Rate Regime Matter?
نویسندگان
چکیده
منابع مشابه
Measuring the Real Exchange Rate Misalignment and the Factors Affecting it in the OPEC Member Countries (Emphasizing on the Capital Account Openness and Exchange Rate Flexibility)
Changes in the real exchange rate affect a country's balance of payments and international competitiveness, and its misalignment from the long-run equilibrium level usually creates imbalances in the macro economy. This is also important in countries with oil resources due to their foreign trade structure. Accordingly, due to the existence of few internal studies on the subject in selected count...
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Real exchange rate misalignment means that the real exchange rate deviates from its equilibrium level and is the cause of many domestic and global economic problems. This index is considered as an important indicator in foreign competition and in case of adopting an inappropriate exchange rate regime; it may create economic instability and affect economic performance. This issue is important in...
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The non-optimal choice of exchange rate policy is a serious obstacle to improving the country's economic situation. Considering that the involvement of political economy factors in the adoption of exchange rate policy causes its inefficiency and the choice of exchange rate regime in developing countries seems to has been more influenced by the political economy factors, the study of amount and ...
متن کاملDiscussion of The Exchange Rate and the Current Account
The principal purpose of the paper by Bullock, Grenville and Heenan is to understand the role that the exchange rate plays in balance of payments adjustment. Presumably, behind this purpose are two more fundamental concerns the ability to: • forecast likely outcomes; and • guide policy in response to certain shocks. The successful pursuit of the policy purpose also relies to a large extent on t...
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< p>The present study models the risk of investment in the petrochemical industry considering the impacts of exchange rate (US dollar to Iran''''s Rial) movements using the time series data from November 2008 to March 2019 and ARFIMA-FIGARCH framework. The empirical results prove the existence of the Fractal Market Hypothesis, FMH, and the Long Memory property in both the risk and return of the...
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ژورنال
عنوان ژورنال: International Journal of Finance & Economics
سال: 2015
ISSN: 1076-9307
DOI: 10.1002/ijfe.1535