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Registros recuperados: 39 | |
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Choudhry, Taufiq. |
This paper investigates the monetary interdependence and the money-income relationship between countries under a pegged and a floating exchange rate system during the same time period (1979-1997). The relationship is tested between three ERM countries, France, Germany and Holland, and also between these countries and the United States. The ERM countries have a pegged exchange rate between themselves, and the rate between these countries and the United States is freely floating. The empirical tests are conducted by means of the Johansen multivariate cointegration method and the error correction model. Among the ERM countries, international transmission of monetary policy is found in almost all directions. This may provide evidence against the theory of... |
Tipo: Journal Article |
Palavras-chave: Monetary policy; Cointegration; Error correction; Speed of adjustment; Exchange rate; Public Economics; E50; E52. |
Ano: 2002 |
URL: http://purl.umn.edu/44428 |
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Sun, Changyou; Kim, Mina; Koo, Won W.; Cho, Guedae; Jin, Hyun Joung. |
A modified gravity-type model was employed to evaluate the effect of exchange rate volatility on wheat exports worldwide. Special attention was given to the econometric properties of the gravity model within panel framework. Short and long-term measures of exchange rate volatility were constructed and compared. Both measures of exchange rate volatility have exhibited a negative effect on world wheat trade and the long-term effect was even larger. This result implies that exchange rate volatility is an important factor in explaining the trade pattern of wheat trade worldwide. Keywords: wheat, export, exchange rate, volatility, gravity model, and panel data. |
Tipo: Conference Paper or Presentation |
Palavras-chave: Wheat; Export; Exchange rate; Volatility; Gravity model; And panel data.; International Relations/Trade. |
Ano: 2002 |
URL: http://purl.umn.edu/19766 |
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Wang, Kai-Li; Barrett, Christopher B.. |
This paper takes a new empirical look at the long-standing question of the effect of exchange rate volatility on international trade flows by studying the case of Taiwan's exports to the United States from 1989-1998. In particular, we employ sectoral-level, monthly data and an innovative multivariate GARCH-M estimator with corrections for leptokurtic errors. This estimator allows for the possibility that traders' forward-looking contracting behavior might condition the way in which exchange rate movement and associated risk affect trade volumes. Change in importing country industrial production and change in the expected exchange rate are found to jointly drive the trade volumes. More strikingly, monthly exchange rate volatility affects agricultural trade... |
Tipo: Journal Article |
Palavras-chave: Agricultural trade; Exchange rate; Expectations; GARCH; International Relations/Trade. |
Ano: 2007 |
URL: http://purl.umn.edu/8643 |
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Scalco, Paulo Roberto; Carvalho, Henrique Duarte; Campos, Antonio Carvalho. |
O objetivo deste trabalho é analisar os efeitos de longo e curto prazos de choques na taxa de câmbio real sobre o saldo da balança comercial agropecuária brasileira. O procedimento metodológico empregado foi a análise multivariada descrita em Johansen (1988 e 1991) apud Hamilton (1994). Os resultados indicam que existe uma relação de longo prazo entre a depreciação na taxa de câmbio real e o saldo da balança comercial. Verifica-se que, no longo prazo, um aumento de 1,0 % da taxa de câmbio leva a uma expansão de 2,10 % no saldo da balança comercial. Esse resultado está consistente com a condição de Marshall-Lerner que afirma: no longo prazo, o efeito volume deve superar o efeito preço, promovendo, assim, um aumento no saldo da balança comercial. Entretanto,... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Condição de Marshall-Lerner; Curva J; Taxa de câmbio; Balança comercial; Setor agropecuário; Marshall-Lerner condition; J-Curve; Exchange rate; Trade balance; Agricultural sector; International Relations/Trade. |
Ano: 2008 |
URL: http://purl.umn.edu/109536 |
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Jin, Hyun Joung; Cho, Guedae; Koo, Won W.. |
An import demand model, augmented with third-country effect variables, is developed to examine the effects of strong U.S. dollar, volatility of the U.S. dollar, and competition among the exporting countries on the shares of U.S. wheat in Asian markets. In the empirical model, the dependent variable is the market shares of U.S. wheat. Explanatory variables include wheat prices of exporting countries, exchange rates between the importing and exporting countries, and volatilities of the exchange rates. Panel estimation results show that the U.S. currency values and volatility, Australian wheat price, and the volatilities of Canadian and Australian currency values have significant effects on U.S. market shares. |
Tipo: Journal Article |
Palavras-chave: Exchange rate; International grain trade; Market share; Panel analysis; Panel unit-root test; Third country effect; F14; Q17. |
Ano: 2004 |
URL: http://purl.umn.edu/43478 |
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Fang, Cheng; Fabiosa, Jacinto F.. |
China's accession to the World Trade Organization, a significant event for U.S. agricultural trade, has been viewed as benefitting U.S. farmers, especially midwestern farmers. This research compares the productivity and cost of production (COP) of China and the United States in producing corn, soybeans, and hogs. The results show that the U.S. Midwest (defined in this study as the Heartland region as classified by the U.S. Department of Agriculture's Economic Research Service) has a substantial advantage in land and labor productivities in producing corn and soybeans, especially compared to China's South and West producing regions. However, China's Northeast region, a major corn- and soybean-producing area, has a very competitive COP over the U.S. Midwest.... |
Tipo: Working or Discussion Paper |
Palavras-chave: Agricultural trade; Competitiveness; Corn; Cost of production; Exchange rate; Hogs; Land policy; Productivity; Soybeans; U.S. Midwest versus China; Agricultural Finance; Production Economics; International Relations/Trade. |
Ano: 2002 |
URL: http://purl.umn.edu/18688 |
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Registros recuperados: 39 | |
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