“Rational” and “Endogenous” exchange rate expectations and speculative capital flows in Germany

1977 ◽  
Vol 113 (4) ◽  
pp. 624-644 ◽  
Author(s):  
Steven W. Kohlhagen
Keyword(s):  
Exchange Rate ◽  
Capital Flows ◽  
Exchange Rate Expectations

THE STABILITY OF EXCHANGE RATE EXPECTATIONS AND CANADIAN CAPITAL FLOWS

1977 ◽  
Vol 32 (5) ◽  
pp. 1657-1669 ◽  
Author(s):  
Steven W. Kohlhagen
Keyword(s):  
Exchange Rate ◽  
Capital Flows ◽  
Exchange Rate Expectations ◽  
The Stability

Exchange rate expectations and speculative capital flows: Reply

1978 ◽  
Vol 114 (3) ◽  
pp. 558-559
Author(s):  
Steven W. Kohlhagen
Keyword(s):  
Exchange Rate ◽  
Capital Flows ◽  
Exchange Rate Expectations

Exchange rate expectations and speculative capital flows

1978 ◽  
Vol 114 (3) ◽  
pp. 552-557
Author(s):  
Manfred J. M. Neumann
Keyword(s):  
Exchange Rate ◽  
Capital Flows ◽  
Exchange Rate Expectations

National Currency Appreciation and Growth of the Russian Economy

2004 ◽  
pp. 95-111
Author(s):  
T. Zolotoukhina
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Money Supply ◽  
Capital Flows ◽  
National Currency ◽  
Economic Factors ◽  
Exchange Market ◽  
Russian Economy ◽  
Macroeconomic Indicators

The problem of interaction between Russian currency appreciation and positive dynamics of macroeconomic indicators is studied. Main economic factors of ruble appreciation are analyzed. Consequences of the Russian Central Bank's policy directed to oppose ruble appreciation and problems in financial area due to the increase of money supply through the exchange market are considered. Influence of exchange rate appreciation on economic growth, inflation, export, import, capital flows are discussed. It is concluded that Russian ruble appreciation stimulates an increase in efficiency of the Russian economy.

Investment Processes in the Russian Economy

2004 ◽  
pp. 4-27 ◽  
Author(s):  
V. Lisin
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Money Supply ◽  
Capital Flows ◽  
Economic Factors ◽  
Exchange Market ◽  
Russian Economy ◽  
Macroeconomic Indicators

The problem of interaction between Russian currency appreciation and positive dynamics of macroeconomic indicators is studied. Main economic factors of ruble appreciation are analyzed. Consequences of the Russian Central Bank's policy directed to oppose ruble appreciation and problems in financial area due to the increase of money supply through the exchange market are considered. Influence of exchange rate appreciation on economic growth, inflation, export, import, capital flows are discussed. It is concluded that Russian ruble appreciation stimulates an increase in efficiency of the Russian economy.

Capital Flows and Exchange Rate Management

2013 ◽  
Vol 55 (1) ◽  
pp. 120
Author(s):  
Lalitagauri Kulkarni
Keyword(s):  
Exchange Rate ◽  
Capital Flows ◽  
Exchange Rate Management

scholarly journals International Liquidity and Exchange Rate Dynamics *

2015 ◽  
Vol 130 (3) ◽  
pp. 1369-1420 ◽  
Author(s):  
Xavier Gabaix ◽  
Matteo Maggiori
Keyword(s):  
Exchange Rate ◽  
Financial Markets ◽  
Exchange Rates ◽  
Capital Flows ◽  
Risk Sharing ◽  
Market Model ◽  
International Liquidity ◽  
Balance Sheets ◽  
Macroeconomic Analysis ◽  
International Pricing

Abstract We provide a theory of the determination of exchange rates based on capital flows in imperfect financial markets. Capital flows drive exchange rates by altering the balance sheets of financiers that bear the risks resulting from international imbalances in the demand for financial assets. Such alterations to their balance sheets cause financiers to change their required compensation for holding currency risk, thus affecting both the level and volatility of exchange rates. Our theory of exchange rate determination in imperfect financial markets not only helps rationalize the empirical disconnect between exchange rates and traditional macroeconomic fundamentals, it also has real consequences for output and risk sharing. Exchange rates are sensitive to imbalances in financial markets and seldom perform the shock absorption role that is central to traditional theoretical macroeconomic analysis. Our framework is flexible; it accommodates a number of important modeling features within an imperfect financial market model, such as nontradables, production, money, sticky prices or wages, various forms of international pricing-to-market, and unemployment.

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