An analysis of the operation and consequences of exchange rate regimes in an era of
increasing international interdependence. The exchange rate is sometimes called the most …

The impermanence of fixed exchange rates has become a stylized fact in international
finance. The combination of the “mirage” view that pegs do not really peg with the “fear of …

The benefits of openness to trade are well established, but the disadvantages of openness
are less well understood. At the firm level trade is the principal source of exposure to …

We analyze the effect of monetary policy transparency on bilateral exchange rate volatility.
We test the theoretical predictions of a stylized model using panel data for 62 currencies …

This study investigates the impact of domestic and foreign currency-valued exchange rate
volatility on the export and import demand functions with reference to Pakistan's trading …

This paper investigates the determinants of exchange rate volatil'ity in South Africa for the
period 1986t2013 using the New Open Economy Macroeconomics model by Obstfeld & …

Standard models—based exclusively on macro‐financial variables—have made little
progress in explaining the behaviour of exchange rates. In this paper, we introduce a …

This article examines the factors that affect exchange rate fluctuations in Sri Lanka. It
attempts to identify how the changes in inflation, interest rates, terms of trade, Net Foreign …

The eight real kwacha bilateral exchange rates examined over the period 1968-2008 in a
GARCH framework are characterised by different conditional volatility dynamics. Evidence of …

We model real exchange rate, nominal exchange rate, and relative price volatility using real
and nominal factors. We analyze these volatility measures across developing and …