Three Essays in International Macroeconomics and Finance
Author: Enrique Martinez-Garcia
Publisher:
Published: 2007
Total Pages: 198
ISBN-13:
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Author: Enrique Martinez-Garcia
Publisher:
Published: 2007
Total Pages: 198
ISBN-13:
DOWNLOAD EBOOKAuthor: Mr.Mark P. Taylor
Publisher: International Monetary Fund
Published: 1991-11-01
Total Pages: 31
ISBN-13: 1451947038
DOWNLOAD EBOOKThis paper contains essays on sterilized intervention, on covered interest rate parity, and on chartist analysis in financial markets. Each essay contains a definition, brief survey of the empirical evidence and overall assessment of each topic.
Author: Unja Chae
Publisher:
Published: 2005
Total Pages: 288
ISBN-13:
DOWNLOAD EBOOKAuthor: Hiroyuki Ito
Publisher:
Published: 2004
Total Pages: 464
ISBN-13:
DOWNLOAD EBOOKAuthor: Wai-Ming Ho
Publisher:
Published: 1993
Total Pages: 248
ISBN-13:
DOWNLOAD EBOOKAuthor: Yanqin Chang
Publisher:
Published: 2010
Total Pages: 312
ISBN-13:
DOWNLOAD EBOOKAuthor: Eiji Fujii
Publisher:
Published: 1999
Total Pages: 242
ISBN-13:
DOWNLOAD EBOOKEach of the three essays composing this dissertation investigates important economic and econometric issues in international finance and macroeconomics. The first essay, “Market Structure and the Persistence of Sectoral Deviations from Purchasing Power Parity,” examines the relationship between market structure and the persistence of the dollar-based sectoral real exchange rates for fourteen OECD countries. The empirical results based on disaggregated data suggest that differences in market structure significantly determine the rates at which deviations from sectoral purchasing power parity decay. Based on the findings, I argue that an imperfectly competitive market structure is an important source of the well-documented persistence in real exchange rates.
Author: David Henry Bowman
Publisher:
Published: 1993
Total Pages: 230
ISBN-13:
DOWNLOAD EBOOKAuthor: Vania Atanassova Stavrakeva
Publisher:
Published: 2013
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOKThe interaction between future binding bank net worth constraints and dynamic (future) underinvestment could lead to ex-ante overinvestment even in economies with a single monopolistic bank where there are no pecuniary externalities. The last third chapter, which is coauthored with Kenneth Rogoff, evaluates a new class of exchange rate forecasting studies, which claim that structural models are getting closer to being able to forecast exchange rates at short horizons. We argue that misinterpretation of some new out-of-sample tests for nested models, over-reliance on asymptotic test statistics, and failure to sufficiently check robustness to alternative time windows have led many studies to overstate even the relatively thin positive results that have been found.
Author: Xiaoqiang Hu
Publisher:
Published: 1994
Total Pages: 103
ISBN-13:
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