THE ECONOMICS OF THE EXCHANGE RATE

THE ECONOMICS OF THE EXCHANGE RATE

Ngày tải lên : 12/03/2014, 16:05
... giả định giản lược này, mô hình nói Trang The Economics of Exchange Rate – Mark P Taylor mối liên hệ tỷ giá cân (equibilibrium exchange rate ) với số biến vĩ mô quan trọng khác GDP, lạm phát, ... dụng đánh giá mẫu (in-samples test), lại Trang The Economics of Exchange Rate – Mark P Taylor cho kết ý nghĩa thống kê đánh giá mẫu (out -of- samples test) so sánh với mô hình thay đổi ngẫu nhiên (random ... The Economics of Exchange Rate – Mark P Taylor Bài nghiên cứu Taylor tổng hợp từ tất mà nhà kinh tế học nghiên cứu tỷ...
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WORKING PAPER NO. 218 THE ZERO-INTEREST-RATE BOUND AND THE ROLE OF THE EXCHANGE RATE FOR MONETARY POLICY IN JAPAN potx

WORKING PAPER NO. 218 THE ZERO-INTEREST-RATE BOUND AND THE ROLE OF THE EXCHANGE RATE FOR MONETARY POLICY IN JAPAN potx

Ngày tải lên : 22/03/2014, 23:20
... state-dependent exchange- rate rule, which induces a real appreciation of the trade-weighted US$ exchange rate of about 20% for about two years, and an output gap of 1.8 % The exchange rate peg appears ... nominal rates and occurs almost 40% of the time with a rate of 1%, which corresponds, for example, to an inflation target of 0% and an equilibrium real rate of 1% Figure 3: Distortion of Stationary ... 2003 Figure 5: Distortion of Stationary Distributions of the Determinants of Output Ex-Ante Long-Term Real Interest Rate Bias of Mean Real Effective Exchange Rate Bias of Mean 0.32 0.10 0.24 0.00...
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Báo cáo khoa học: "Stomatal and non stomatal limitation of photosynthesis by leaf water deficits in three oak species: a comparison of gas exchange and chlorophyll a fluorescence data" potx

Báo cáo khoa học: "Stomatal and non stomatal limitation of photosynthesis by leaf water deficits in three oak species: a comparison of gas exchange and chlorophyll a fluorescence data" potx

Ngày tải lên : 09/08/2014, 03:24
... value of LWC is the mean of replicates Gas exchange measurements Whole leaf gas exchange was measured in an open system designed in the laboratory Net COassimilation (A) and transpiration (E) rates ... reoxidation of the primary electron acceptor of PSII during the onset of carbon reduction, and the latter results largely from thermal deexcitation of PSII associated with the building up of transthylakoidal ... obtained from gas exchange and chlorophyll fluorescence studies therefore appear contradictory: the evolution of (A, C relationship indi) i cated the appearance of mesophyll limitations of photosynthesis...
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Báo cáo lâm nghiệp: "Control of gas exchange: evidence for root-shoot communication on drying soil" doc

Báo cáo lâm nghiệp: "Control of gas exchange: evidence for root-shoot communication on drying soil" doc

Ngày tải lên : 09/08/2014, 04:20
... Correlation between loss of turgor and accumulation of abscisic acid in detached leaves Planta 148, 174182 Raschke K (1979) Movements of stomata In: Physiology of Movements Encyclopedia of Plant Physiology, ... stomatal conductance of fully turgid wheat and sunflower plants Aust J Plant Physiol 13, 459-464 Gollan T, Turner N.C & Schulze E.D (1985) The responses of stomata and leaf gas exchange to vapour ... resistance of plants 11 Effects of root medium and time of day in barley and lupin Aust J Plant Physiol.11, 341-350 Passioura J.B & Tanner C.B (1985) Oscillations in apparent hydraulic conductance of...
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Báo cáo y học: "Assessment of gas exchange in lung disease: balancing accuracy against feasibility" pdf

Báo cáo y học: "Assessment of gas exchange in lung disease: balancing accuracy against feasibility" pdf

Ngày tải lên : 13/08/2014, 08:21
... special software, so we are again at a crossroads Is the information from this more sophisticated approach worth the extra effort of measurements over a range of FIO2 coupled to use of a mathematical ... relationships In Pulmonary Gas Exchange Vol Edited by West JB New York: Academic Press; 1980:219-262 West JB: Ventilation/perfusion inequality and overall gas exchange in computer models of the lung Respir ... WO: A Graphical Analysis of the Respiratory Gas Exchange Washington, DC: American Physiological Society; 1955 Riley RL, Cournand A: “Ideal” alveolar air and the analysis of ventilation/perfusion...
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the management of foreign exchange rate regime in a market-oriented economy

the management of foreign exchange rate regime in a market-oriented economy

Ngày tải lên : 04/12/2014, 08:49
... types: the interbank exchange rate, exchange rate of commercial banks, accounting exchange rates 1.2.2.2 Nominal and real exchange rate Nominal exchange rate is the exchange rate which does not ... generally dependent on many of the same factors 1.2.2 Categories of exchange rates 1.2.2.1 Official and unofficial exchange rate With the floating exchange rate, exchange rate is determined by the ... at the same equal rate, shared a common mechanism 1.2 Categories of exchange rate 1.2.1 Definition of exchange rate and exchange rate regime The exchange rate is a comparison of price between...
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Revision of Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) Indices.doc

Revision of Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) Indices.doc

Ngày tải lên : 17/09/2012, 16:47
... provided in Tables 50 and 51 of the December issue of RBI Bulletin Table 4: Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of the Indian Rupee (36-Currency ... trading partner of India The exchange rate of a currency is expressed as the number of units of numaraire (SDRs) per ith currency A rise in ‘e’ or ‘e/ei,’ thus represents an appreciation of rupee relative ... data on monthly exchange rates and prices for 36 currencies is the IFS of the International Monetary Fund2 With the IFS providing data on exchange rate and prices with a lag of at least three...
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Tài liệu The importance of interest rates for forecasting the exchange rate doc

Tài liệu The importance of interest rates for forecasting the exchange rate doc

Ngày tải lên : 15/02/2014, 05:20
... tests of the monetary exchange rate model for three high-inflation countries, Journal of Money, Credit and Banking, 26, 396-411 Meese, R.A and K Rogoff (1983): Empirical Exchange Rate Models of ... prices and interest rate will cause the exchange rate to depreciate in the short run, and a higher foreign price and interest rate will imply an appreciation of the exchange rate Historically, ... weaker exchange rate, while an interest rate increase may have prevented the exchange rate from falling even further (see Norges Bank 2000, p 16.) In the long run however, the exchange rate will...
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Bank of England Interest Rate Announcements and the Foreign Exchange Market ∗ doc

Bank of England Interest Rate Announcements and the Foreign Exchange Market ∗ doc

Ngày tải lên : 06/03/2014, 14:20
... research Exchange Rate and Asset-Price Effects of Monetary Policy Announcements: A Brief Review of the Literature Early intraday studies of the impact of macroeconomic news effects on exchange rates—for ... logarithm of the exchange rate at time t The mean of the exchange rate returns process, μ, the autocorrelation coefficient, ρ, and the variance of the innovation, εt , are allowed to take on one of two ... Journal of Applied Econometrics (1): 1–13 Vol No Bank of England Interest Rate Announcements 247 Hakkio, C S., and D K Pearce 1985 Exchange Rates and Discount Rate Changes.” Federal Reserve Bank of...
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International Accounting Standard 21 The Effects of Changes in Foreign Exchange Rates potx

International Accounting Standard 21 The Effects of Changes in Foreign Exchange Rates potx

Ngày tải lên : 06/03/2014, 15:21
... reasons, a rate that approximates the exchange rates at the dates of the transactions, for example an average rate for the period, is often used to translate income and expense items However, if exchange ... However, if exchange rates fluctuate significantly, the use of the average rate for a period is inappropriate Reporting at the ends of subsequent reporting periods 23 At the end of each reporting ... measurement date If exchangeability between two currencies is temporarily lacking, the rate used is the first subsequent rate at which exchanges could be made Recognition of exchange differences...
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Báo cáo khoa học: Modeling of ATP–ADP steady-state exchange rate mediated by the adenine nucleotide translocase in isolated mitochondria potx

Báo cáo khoa học: Modeling of ATP–ADP steady-state exchange rate mediated by the adenine nucleotide translocase in isolated mitochondria potx

Ngày tải lên : 16/03/2014, 00:20
... amount of ANT dimer per mg of total mitochondrial protein) Constant of direct ANT exchange Constant of reverse ANT exchange Dissociation constant of ATP and ANT Dissociation constant of ADP and ... 2009 FEBS 6945 Modeling of ANT E Metelkin et al Fig Effect of nigericin on ATPADP steady-state exchange rate mediated by ANT Bar graph of ATPADP steady-state exchange rate mediated by ANT in ... symbols indicate the calibrated DWm data obtained from panel 6C of [1] (B) Plot of ATP efux rate versus time (C) Time dependence of O2 consumption rate (D) The kinetics of total matrix ADP concentration...
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The sensitivity of bank stock returns to market, interest and exchange rate risks docx

The sensitivity of bank stock returns to market, interest and exchange rate risks docx

Ngày tải lên : 22/03/2014, 17:20
... joint sensitivity of the rates of return of common stocks of large US banking institutions to interest rate, exchange rate and market risk factors Consideration of exchange rates as a factor ... picture of the effect of exchange rates on bank stock returns In the money-center equation the coefficient of the exchange rate variable is significant at the 0.01 level whereas the coefficient of ... regression of the firm’s stock returns on exchange rate changes, while Eun and Resnick (1988) show the empirical significance of systematic exchange rate risk Regarding the international activities of...
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Derivative Exposure and the Interest Rate and Exchange Rate Risks of U.S. Banks ppt

Derivative Exposure and the Interest Rate and Exchange Rate Risks of U.S. Banks ppt

Ngày tải lên : 29/03/2014, 13:20
... Rate and Exchange Rate Risks of U.S Banks November 1996 Abstract: This paper estimates the interest rate and exchange rate risk betas of fifty-nine large U S commercial banks for the period of ... interest rate and exchange rate risks Particularly noteworthy is the influence of currency derivatives on exchange rate betas Keywords: Off-balance sheet, Bank risk Derivatives, Interest rate risk, Exchange ... with respect to interest rate versus currency derivatives separately, affect a bank’s interest rate and exchange rate risk profile Comparison of the effect of interest rate versus currency derivative...
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The Exchange Rate Exposure of U.S. and Japanese Banking Institutions potx

The Exchange Rate Exposure of U.S. and Japanese Banking Institutions potx

Ngày tải lên : 29/03/2014, 13:20
... a variant of Equation (replacing the portfolio of bank returns with the treasury bill rate) and obtain an estimate of the exchange rate of exposure of 0.049, with a standard error of 0.014, which ... and on the appreciation of the exchange rate, s We measure the exchange rate exposure of the i* banking To verify that our results are not an artifact of our inclusion of that portfolio return, ... and Rogoff (1983) that the current exchange rate outperforms standard exchange rate models in predicting the future exchange rate That is, actual exchange rate changes are largely unpredictable...
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university of chicago press misalignment of exchange rates effects on trade and industry jun 1988

university of chicago press misalignment of exchange rates effects on trade and industry jun 1988

Ngày tải lên : 11/06/2014, 17:00
... Misalignment of Exchange Rates A National Bureau of Economic Research Project Report Misalignment of Exchange Rates: Effects on Trade and Industry Edited by Richard c Marston The University of Chicago ... Real domestic interest rate Nominal domestic interest rate = Real foreign interest rate = Nominal foreign interest rate = Real effective exchange rate (units of foreign exchange per dollar); an ... Next we need to relate the expected rate of change of the exchange rate to the actual current rate If we denote the perceived long-run equilibrium real exchange rate that sets the full-employment...
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Báo cáo khoa học: "Effect of fungal infection on leaf gas-exchange and chlorophyll fluorescence in Quercus ilex" doc

Báo cáo khoa học: "Effect of fungal infection on leaf gas-exchange and chlorophyll fluorescence in Quercus ilex" doc

Ngày tải lên : 08/08/2014, 14:21
... 1998 and during the second year, the effect of infection on gas- exchange was not detected in spite of the progress of the disease in inocu- 28 3.2 Gas exchange 98 Figure Canker length progression ... 3a,b,c,d) A significant effect of excision on gas exchange rates was only observed during the first summer (1997): E-plants of control and infected plants showed higher rates than undisturbed plants ... experiment, leaves of the wounded branch were selected 2.3 Measurements Gas- exchange measurements were carried out with a portable LI-6200 (Li-Cor, Inc Lincoln, NE, USA) system In one measurement day,...
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Báo cáo toán học: "The effect of elevated atmospheric CO concentration 2 and nutrient supply on gas exchange, carbohydrates and foliar phenolic concentration in live oak" ppt

Báo cáo toán học: "The effect of elevated atmospheric CO concentration 2 and nutrient supply on gas exchange, carbohydrates and foliar phenolic concentration in live oak" ppt

Ngày tải lên : 08/08/2014, 14:21
... avoid positional effects one 2.2 Gas exchange Measurements of stomatal conductance (g and C ) s exchange rate (CER) were made at the growth [CO ] with a portable gas- analysis system (LI-6200, Li-cor ... time, exchange All gas showed variations with the course of the growing season and (P 0.0001) the relative stage of development of the leaves (figure 1) exchange parameters < Periodic measurements ... experiment, starting from d of exposure (after plant acclimation to the new environment) to d 178, to investigate the time-course of gas Measurements of daytime g and photosyns thetic rate (A were performed...
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Báo cáo khoa học: "Effects of water supply on gas exchange in Pinus pinaster Ait. provenances during their first growing season" potx

Báo cáo khoa học: "Effects of water supply on gas exchange in Pinus pinaster Ait. provenances during their first growing season" potx

Ngày tải lên : 08/08/2014, 14:21
... photosynthetic rate It was more important for the total carbon incorporated into the plant the biomass of Gas exchange of maritime pine young seedlings Figure a) Net photosynthetic rate (A, µmol ... Appreciable differences in the gas exchange rates between trees and limitations of measuring equipments [14] make difficult the detection of provenance differences At the end of the growing period, differences ... Landes provenances show this behaviour Gas exchange parameters show independence of needle water potential values up to about –1.3 MPa and then gas exchange rates decrease shiftly No differences...
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