Asset Market and Balance of Payments Characteristics: An Eclectic Exchange Rate Model for the Dollar, Mark, and Yen

1995 ◽  
Vol 95 (55) ◽  
pp. i ◽  
Author(s):  
Ronald MacDonald ◽  
Keyword(s):  
Exchange Rate ◽  
Balance Of Payments ◽  
Asset Market ◽  
Rate Model

Balance of Payments and Exchange Rate Systems

1974 ◽  
Vol 30 (4) ◽  
pp. 26-32
Author(s):  
Arthur B. Laffer
Keyword(s):  
Exchange Rate ◽  
Balance Of Payments

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.

Cointegration Tests Of The Monetary Exchange Rate Model: The Canadian—U.S. Dollar, 1970 – 1994

1996 ◽  
Vol 10 (4) ◽  
pp. 83-97 ◽  
Author(s):  
Panayiotis F Diamandis ◽  
Dimitris A. Georgoutsos ◽  
Georgios.P Kouretas
Keyword(s):  
Exchange Rate ◽  
Rate Model ◽  
Cointegration Tests

scholarly journals Public service privatization and crisis in Argentina

2005 ◽  
Vol 48 (3-4) ◽  
pp. 97-113
Author(s):  
Leopoldo Rodnguez-Boetsch
Keyword(s):  
Exchange Rate ◽  
Public Service ◽  
Public Services ◽  
Exchange Rate Regime ◽  
Regulatory Framework ◽  
Balance Of Payments ◽  
Regulatory Agencies ◽  
External Shocks ◽  
Se Asia ◽  
Privatized Firms

This article discusses the privatization of public services in Argentina in light of the severe crisis that afflicted the country between 1999 and 2002. An inadequate regulatory framework and the absence of effective regulatory agencies resulted in the exercise of monopolistic power over public service fees. The emergence of a series of external shocks, starting in 1997 with the SE Asia crisis, weakened the country's external accounts. In the context of a strict fixed exchange rate regime-rising public service fees and overseas obligations contracted by the privatized firms placed growing pressure on the balance of payments. Even though privatized firms were not directly responsible for the four-year recession or the balance of payments crisis, their actions contributed to the onset and prolongation of the difficulties faced by Argentina.

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