Academic Journal
Germany. I am grateful for comments and discussions to Geert Bekaert, Thierry Bracke
| العنوان: | Germany. I am grateful for comments and discussions to Geert Bekaert, Thierry Bracke |
|---|---|
| المؤلفون: | Marcel Fratzscher, Matthieu Bussiere, Menzie Chinn, Michael Ehrmann, Michael Fidora, Frank Moss, Chiara Osbat, Georges Pineau, Roberto Rigobon, Michael Sager, Lucio Sarno, Bernd Schnatz, Martin Skala, Christian Thimann, Shang-jin Wei, Atze Winkler, Jon Wongswan As |
| المساهمون: | The Pennsylvania State University CiteSeerX Archives |
| المصدر: | http://www.nber.org/%7Econfer/2007/si2007/IFM/fratzscher.pdf. |
| سنة النشر: | 2007 |
| المجموعة: | CiteSeerX |
| مصطلحات موضوعية: | JEL No, F31, F4, G1. Keywords, Exchange rate, US dollar, cross-rates, shocks, heterogeneity, global distribution, transmission channels. Marcel.Fratzscher@ecb.int, European Central Bank, Kaiserstrasse 29, D- 60311 Frankfurt/Main |
| الوصف: | The paper analyses the heterogeneity in the link between macroeconomic fundamentals and exchange rates. For a set of important US-speci…c economic shocks, it shows that such shocks have exerted a remarkably heterogeneous e¤ect on global exchange rate con…gurations over the past 25 years. Despite a signi…cant decline over time, this heterogeneity remains high as primarily currencies of a few industrialized countries provide the largest contribution to the adjustment of the e¤ective US dollar exchange rate. The paper …nds that this heterogeneity is not only due to policy choices of in‡exible exchange rate regimes, but to an important extent due to market forces, in particular business cycle synchronization and the degree of …nancial integration – foremost in portfolio investment –but not to trade. |
| نوع الوثيقة: | text |
| وصف الملف: | application/pdf |
| اللغة: | English |
| Relation: | http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.184.6397; http://www.nber.org/%7Econfer/2007/si2007/IFM/fratzscher.pdf |
| الاتاحة: | http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.184.6397 http://www.nber.org/%7Econfer/2007/si2007/IFM/fratzscher.pdf |
| Rights: | Metadata may be used without restrictions as long as the oai identifier remains attached to it. |
| رقم الانضمام: | edsbas.A31B2B66 |
| قاعدة البيانات: | BASE |
| الوصف غير متاح. |