Commodity Currencies and Empirical Exchange Rate Puzzles High quality books
Commodity Currencies and Empirical Exchange Rate Puzzles
By:Yu-chin Chen,Kenneth Rogoff,International Monetary Fund. Research Department
Published on 2002-02-01 by International Monetary Fund
This paper re-examines empirical exchange rate puzzles by focusing on three OECD economies (Australia, Canada, and New Zealand) where primary commodities constitute a significant share of their exports. For Australia and New Zealand especially, we find that the U.S. dollar price of their commodity exports (generally exogenous to these small economies) —has a strong and stable influence on their floating real rates, with the quantitative magnitude of the effects consistent with predictions of standard theoretical models. However, after controlling for commodity price shocks, there is still a PPP puzzle in the residual. Nevertheless, the results here are relevant to many developing country commodity exporters, as they liberalize their capital markets and move towards floating exchange rates.
This Book was ranked at 28 by Google Books for keyword Commodity.
Book ID of Commodity Currencies and Empirical Exchange Rate Puzzles's Books is c6cwhoo5fX0C, Book which was written byYu-chin Chen,Kenneth Rogoff,International Monetary Fund. Research Departmenthave ETAG "w1PGSvYQBfE"
Book which was published by International Monetary Fund since 2002-02-01 have ISBNs, ISBN 13 Code is and ISBN 10 Code is
Reading Mode in Text Status is true and Reading Mode in Image Status is true
Book which have "45 Pages" is Printed at BOOK under CategoryForeign exchange rates
This Book was rated by Raters and have average rate at ""
This eBook Maturity (Adult Book) status is NOT_MATURE
Book was written in en
eBook Version Availability Status at PDF is falseand in ePub is true
Book Preview
Comments
Post a Comment