Regime-switching in exchange rate policy and balance sheet effects:
"The authors apply regime-switching methods to a monetarist model of exchange rates and identify well-defined intervention policy cycles. The policy response indices include a standard exchange market pressure-based index and a model-based volatility ratio that is endogenized relative to Japan,...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
[Washington, D.C]
World Bank
[2005]
|
Schriftenreihe: | Policy research working paper
3653 |
Schlagworte: | |
Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 Volltext |
Zusammenfassung: | "The authors apply regime-switching methods to a monetarist model of exchange rates and identify well-defined intervention policy cycles. The policy response indices include a standard exchange market pressure-based index and a model-based volatility ratio that is endogenized relative to Japan, assumed to be a "benchmark" floater. The authors find strong evidence that balance sheet effects, proxied by the stock ratio of external liabilities to assets, and economic performance, as measured by GDP and stock market indices, determine the cost of the regime shift. They use a panel of quarterly data from 1985 to 2004 for a sample of 15 countries, mostly in East Asia and Latin America. "--World Bank web site |
Beschreibung: | Includes bibliographical references Title from PDF file as viewed on 8/16/2005 |
Beschreibung: | 1 Online-Ressource |
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245 | 1 | 0 | |a Regime-switching in exchange rate policy and balance sheet effects |c Norbert Fiess, Rashmi Shankar |
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Datensatz im Suchindex
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author | Fiess, Norbert M. |
author_facet | Fiess, Norbert M. |
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author_sort | Fiess, Norbert M. |
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discipline | Wirtschaftswissenschaften |
discipline_str_mv | Wirtschaftswissenschaften |
format | Electronic eBook |
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id | DE-604.BV049074971 |
illustrated | Not Illustrated |
index_date | 2024-07-03T22:27:47Z |
indexdate | 2024-07-10T09:54:31Z |
institution | BVB |
language | English |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-034336862 |
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publishDate | 2005 |
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publisher | World Bank |
record_format | marc |
series2 | Policy research working paper |
spelling | Fiess, Norbert M. Verfasser aut Regime-switching in exchange rate policy and balance sheet effects Norbert Fiess, Rashmi Shankar [Washington, D.C] World Bank [2005] 1 Online-Ressource txt rdacontent c rdamedia cr rdacarrier Policy research working paper 3653 Includes bibliographical references Title from PDF file as viewed on 8/16/2005 "The authors apply regime-switching methods to a monetarist model of exchange rates and identify well-defined intervention policy cycles. The policy response indices include a standard exchange market pressure-based index and a model-based volatility ratio that is endogenized relative to Japan, assumed to be a "benchmark" floater. The authors find strong evidence that balance sheet effects, proxied by the stock ratio of external liabilities to assets, and economic performance, as measured by GDP and stock market indices, determine the cost of the regime shift. They use a panel of quarterly data from 1985 to 2004 for a sample of 15 countries, mostly in East Asia and Latin America. "--World Bank web site Online-Ausg Also available in print Foreign exchange rates Developing countries Monetary policy Developing countries Shankar, Rashmi Sonstige oth World Bank Sonstige oth Fiess, Norbert M Regime-switching in exchange rate policy and balance sheet effects http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3653 Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Fiess, Norbert M. Regime-switching in exchange rate policy and balance sheet effects Foreign exchange rates Developing countries Monetary policy Developing countries |
title | Regime-switching in exchange rate policy and balance sheet effects |
title_auth | Regime-switching in exchange rate policy and balance sheet effects |
title_exact_search | Regime-switching in exchange rate policy and balance sheet effects |
title_exact_search_txtP | Regime-switching in exchange rate policy and balance sheet effects |
title_full | Regime-switching in exchange rate policy and balance sheet effects Norbert Fiess, Rashmi Shankar |
title_fullStr | Regime-switching in exchange rate policy and balance sheet effects Norbert Fiess, Rashmi Shankar |
title_full_unstemmed | Regime-switching in exchange rate policy and balance sheet effects Norbert Fiess, Rashmi Shankar |
title_short | Regime-switching in exchange rate policy and balance sheet effects |
title_sort | regime switching in exchange rate policy and balance sheet effects |
topic | Foreign exchange rates Developing countries Monetary policy Developing countries |
topic_facet | Foreign exchange rates Developing countries Monetary policy Developing countries |
url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3653 |
work_keys_str_mv | AT fiessnorbertm regimeswitchinginexchangeratepolicyandbalancesheeteffects AT shankarrashmi regimeswitchinginexchangeratepolicyandbalancesheeteffects AT worldbank regimeswitchinginexchangeratepolicyandbalancesheeteffects |