Risk Appetite, Carry Trade and Exchange Rate

2010 ◽  
Author(s):  
Ming-Hua Liu ◽  
Dimitris Margaritis ◽  
Alireza Tourani Rad
Keyword(s):  
Exchange Rate ◽  
Carry Trade ◽  
Risk Appetite ◽  
Trade And Exchange

Risk appetite, carry trade and exchange rates

2012 ◽  
Vol 23 (1) ◽  
pp. 48-63 ◽  
Author(s):  
Ming-Hua Liu ◽  
Dimitris Margaritis ◽  
Alireza Tourani-Rad
Keyword(s):  
Exchange Rates ◽  
Carry Trade ◽  
Risk Appetite ◽  
Trade And Exchange

The Rise and Fall of the Carry Trade: Links to Exchange Rate Predictability

2019 ◽  
Author(s):  
Ilias Filippou ◽  
David Rapach ◽  
Mark Peter Taylor ◽  
Guofu Zhou
Keyword(s):  
Exchange Rate ◽  
Carry Trade ◽  
Exchange Rate Predictability

Czechoslovak Tariffs in the 1920s: An Example of Historical Specificity in Economic Policy

Slavic Review ◽  
2021 ◽  
Vol 80 (3) ◽  
pp. 523-543
Author(s):  
Oldřich Krpec ◽  
Vít Hloušek
Keyword(s):  
Exchange Rate ◽  
Policy Decision ◽  
Exchange Rate Policy ◽  
Heterogeneous Structure ◽  
Trade Surplus ◽  
Transportation Equipment ◽  
The First World War ◽  
Historical Specificity ◽  
Rate Policy ◽  
Trade And Exchange

Czechoslovakia was the first industrialized economy to substantially increase tariffs after the First World War. At that time, Czechoslovakia was highly export-oriented, with a large trade surplus in industrial goods. We argue that the introduction of tariffs was a consequence of the ethnically heterogeneous structure of the economy. German capital controlled the highly export-oriented light and consumer goods industries; Czech capital dominated in industries that were far less export-oriented or even import-competing, such as machinery, transportation equipment, and electrical goods. Trade and exchange-rate policy preferences of both groups clearly differed; however, the policy decision-making process (at least until 1926) was completely controlled by Czechoslovaks and Czech capital, explicitly committed to a nationalist takeover of Czechoslovakia's economy. This is why it was possible to implement an exchange rate and trade policy that ran contrary to theoretical expectations based on the general (national aggregate) indicators of the national economy.

Carry Trade, Exchange Rates, and the Balance-of-Payments

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Nelson H. Barbosa-Filho
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Real Exchange Rate ◽  
Foreign Debt ◽  
Balance Of Payments ◽  
Forward Rate ◽  
Spot Rate ◽  
Financial Constraint ◽  
Carry Trade ◽  
The Real

Abstract This paper presents a partial equilibrium model that integrates interest rate arbitrage with the balance-of-payments constraint to determine the real exchange rate. The sequential logic is the following: (i) carry-trade determines the term premium, with the spot rate showing greater volatility than the forward rate, (ii) uncovered interest rate parity determines the spot rate based on the real exchange rate consistent with a financial constraint, defined as a stable ratio of foreign reserves to foreign debt; and (iii) the trade balance consistent with the financial constraint determines the long-run real exchange rate for a given ratio of domestic to foreign income.

On Crises, International Trade and Exchange Rate Regimes

2014 ◽  
Author(s):  
Francisco Ledesma Rodrrguez ◽  
Jorge PPrez Rodrrguez ◽  
Maria SantanaaGallego
Keyword(s):  
International Trade ◽  
Exchange Rate ◽  
Exchange Rate Regimes ◽  
Trade And Exchange

The importance of trade and exchange rate policies for agriculture in Ecuador

Food Policy ◽  
1991 ◽  
Vol 16 (1) ◽  
pp. 34-47 ◽  
Author(s):  
Grant M. Scobie ◽  
Veronica Jardine ◽  
Duty D. Greene
Keyword(s):  
Exchange Rate ◽  
Trade And Exchange
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