Models of open economies with nominal rigidities are often thought to predict a correlation
between openness to trade and the slope of the output-inflation trade-off, or Phillips curve …

Following the liberalization reforms of the late 80s and early 90s, several emerging market
economies have experienced large and persistent trade deficits. This paper focuses on the …

This study is an exposition of foreign exchange market and economic growth in an emerging
economy-the Nigerian case. The paper focuses on the implications of exchange rate …

内容提要: 本文区分产品市场和资产市场均衡汇率, 失调和波动, 得出了人民币实际汇率的短期和
长期均衡值, 发现人民币不存在严重高估和低估, 只是产品市场上近期实际汇率低估且程度在 …

This paper analyses the evolution of the South American Common Market, Mercosur. We
show how the lack of coordination of macroeconomic policies, especially of the two major …

The increase in central bank transparency has been one of the main developments in
central banking in the past two decades. This leads to the question of the effect of central …

Exchange rates are known to have irregular return patterns; not only their return volatilities
but the distribution functions themselves vary with time. Quantile regression allows one to …

This study estimated an error correction model of the impact of real effective exchange rate
volatility on the performance of non-traditional exports for Zambia between 1965 and 1999 …

This paper seeks to analyze the relationship between exchange rate regimes and short-term
volatility of the effective real exchange rate. First, it discusses recent regime classifications …

El objetivo de este artículo es examinar la relación existente entre la volatilidad de la tasa
de cambio y el volumen de exportaciones, usando datos brasileños. Después de establecer …