Discussions on Exchange Rate Behavior per Duration
نویسندگان
چکیده
منابع مشابه
The duration of fixed exchange rate regimes
This paper studies the survival of fixed exchange rate regimes. The probability of an exit from a fixed exchange rate regime depends on the time spent within this regime. In such a context durations models are appropriate, in particular because of the possible non-monotonic pattern of duration dependence. Non-parametric estimates show that the pattern of duration dependence exhibits non-monoton...
متن کاملEvaluation of Sustainability of the Foreign Exchange Rate Regimes in Iran Based on Duration Models
Iran's economy as a developing and oil economy, needs to choose appropriate exchange rate regime is to achieve its economic goals. Some characteristics such as little diversity in production and trade, weak and underdevelopment financial markets and other features of the Iranian economy, Requires the choice of exchange rate regime be based on the features of the country. However, the choice of ...
متن کاملConsumption Home Bias and Exchange Rate Behavior∗
This paper studies the response of the nominal exchange rate to monetary shocks in an economy with consumption home bias (CHB) and sticky wages. The importance of accounting for the exchange rate with CHB are twofold. CHB is a consequence of the small open economy assumption when outputs are specialized and fluctuations in the relative price of traded goods generate deviations from purchasing p...
متن کاملExchange rate pass-through in Iran: Exchange rate effects on the consumer price index
The purpose of this study is to find an accurate estimate of the exchange rate-CPI relationship in Iran over the past three decades. The results of the Granger causality test in the frequency domain demonstrate a strong causation from the exchange rate to CPI especially in the long run. The results of the wavelet analysis show that in the currency crisis periods, the exchange rate-CPI correlati...
متن کاملA Study of the Real Exchange Rate Behavior and its Effects on Macroeconomic Variables
In this article, real exchange rate behavior and its effects on macroeconomic variables are studied by explaining two models; impulse function and forecasting predicted error decomposition. Studies show that high artificial currency value has caused domestic and foreign accounts equilibrium disturbance and foreign income decrease due to the slackening of commercial and agricultural activities, ...
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ژورنال
عنوان ژورنال: International Studies Review
سال: 2008
ISSN: 2667-0836,2667-078X
DOI: 10.1163/2667078x-00902004