Spillover Effects of Exchange Rates

This book PDF is perfect for those who love Business & Economics genre, written by Aaditya Mattoo and published by International Monetary Fund which was released on 01 March 2012 with total hardcover pages 39. You could read this book directly on your devices with pdf, epub and kindle format, check detail and related Spillover Effects of Exchange Rates books below.

Spillover Effects of Exchange Rates
Spillover Effects of Exchange Rates
Author : Aaditya Mattoo
File Size : 55,9 Mb
Publisher : International Monetary Fund
Language : English
Release Date : 01 March 2012
ISBN : 9781475502626
Pages : 39 pages
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Spillover Effects of Exchange Rates by Aaditya Mattoo Book PDF Summary

This paper estimates the impact of China's exchange rate changes on exports of competitor countries in third markets, which we call the "spillover effect". We use recent theory to develop an identification strategy in which competition between China and its developing country competitors in specific products and destinations plays a key role. We exploit the variation - afforded by disaggregated trade data - across exporters, importers, product, and time to estimate this spillover effect. We find robust evidence of a statistically and quantitatively significant spillover effect. Our estimates suggest that a 10 percent appreciation of China's real exchange rate boosts on average a developing country's exports of a typical 4-digit HS product category to third markets by about 1.5-2 percent. The magnitude of the spillover effect varies systematically with product characteristics as implied by theory.

Spillover Effects of Exchange Rates

Spillover Effects of Exchange Rates by Aaditya Mattoo,Ms.Prachi Mishra,Mr.Arvind Subramanian

This paper estimates the impact of China's exchange rate changes on exports of competitor countries in third markets, which we call the "spillover effect". We use recent theory to develop an identification strategy in which competition between China and its developing country competitors in specific products and destinations plays a

Get Book
Direct and Spillover Effects of Unconventional Monetary and Exchange Rate Policies

Direct and Spillover Effects of Unconventional Monetary and Exchange Rate Policies by Mr.Joseph E. Gagnon,Mr.Tamim Bayoumi,Juan M. Londono,Christian Saborowski,Horacio Sapriza

This paper explores the effects of unconventional monetary and exchange rate policies. We find that official foreign asset purchases have large effects on current accounts that diminish as capital mobility rises and spill over to financially integrated countries. There is an additional effect through the stock of central bank assets.

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Dynamic Linkages and Volatility Spillover

Dynamic Linkages and Volatility Spillover by Bhaskar Bagchi,Dhrubaranjan Dandapat,Susmita Chatterjee

This book examines the dynamic relationship and volatility spillovers between crude oil prices, exchange rates and stock markets of emerging economies. Unfortunately very little research has been conducted to analyze the volatility spillovers and dynamic relationship between crude oil prices, exchange rates and stock markets of India.

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Spillovers from Dollar Appreciation

Spillovers from Dollar Appreciation by Mr.Julian T Chow,Ms.Florence Jaumotte,Mr.Seok G Park,Ms.Yuanyan S Zhang

The recent strong, sustained appreciation of the U.S. dollar raises questions about possible financial spillover effects for emerging markets and developing countries. This report finds that, unlike past episodes, emerging markets’ vulnerability has improved along a number of dimensions, though some risks persist (as identified in this report).

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Currency Wars or Efficient Spillovers A General Theory of International Policy Cooperation

Currency Wars or Efficient Spillovers A General Theory of International Policy Cooperation by Mr.Anton Korinek

In an interconnected world, national economic policies regularly lead to large international spillover effects, which frequently trigger calls for international policy cooperation. However, the premise of successful cooperation is that there is a Pareto inefficiency, i.e. if there is scope to make some nations better off without hurting others.

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Spillover Implications of Differences in Monetary Conditions in the United States and the Euro Area

Spillover Implications of Differences in Monetary Conditions in the United States and the Euro Area by Ms.Carolina Osorio,Mr.Esteban Vesperoni

This report analyzes the possible spillover effects that could result if the U.S. normalizes its monetary policy while euro area countries are increasing monetary stimulus (a situation referred to as asynchronous monetary conditions). This analysis identifies country-specific shocks to economic activity and monetary conditions since the early 1990s, finding

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Financial Vulnerability Spillover Effects and Contagion

Financial Vulnerability Spillover Effects and Contagion by Guillermo Perry,Daniel Lederman

There is already a large and growing literature about the financial crises affecting several former star economic performers in Asia. Some analysis have focused on the mismanagement of the structure of foreign debt and economic policies, while others have focused on weaknesses ingrained in the domestic financial and banking sectors

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Direct and Spillover Effects of Unconventional Monetary and Exchange Rate Policies

Direct and Spillover Effects of Unconventional Monetary and Exchange Rate Policies by Mr.Joseph E. Gagnon,Mr.Tamim Bayoumi,Juan M. Londono,Christian Saborowski,Horacio Sapriza

This paper explores the effects of unconventional monetary and exchange rate policies. We find that official foreign asset purchases have large effects on current accounts that diminish as capital mobility rises and spill over to financially integrated countries. There is an additional effect through the stock of central bank assets.

Get Book