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Time-varying exchange rate pass-through : experiences of some industrial countries
Sekine, Toshitaka (Avtor)

URLURL - Predstavitvena datoteka, za dostop obiščite http://www.bis.org/publ/work202.pdf Novo okno

Izvleček
This paper estimates exchange rate pass-through of six major industrial countries using a time - varying parameter with stochastic volatility model. Exchange rate pass-through is divided into impacts of exchange rate fluctuations to import prices (first-stage pass-through) and those of import price movements to consumer prices (second-stage pass-through). The paper finds that both stages of pass-through have declined over time for all the sample countries. The decline in second-stage pass-through is associated with the emergence of the low and stable inflation environment as well as a rise in import penetration, while the relationship to the inflation environment is weak for first-stage pass-through.

Jezik:Angleški jezik
Ključne besede:mednarodne finance, devizni tečaji, časovne vrste, stohastični procesi, Markovske verige, cena, kalkulacije, ocene, international finance, exchange rate, time series, stochastic processes, Markov chains, price, calculations, evaluation
Vrsta gradiva:Delo ni kategorizirano (r6)
Organizacija:EF - Ekonomska fakulteta
Leto izida:2006
Založnik:Bank for International Settlements, Monetary and Economic Dept.
Št. strani:III, 30 str.
Kraj:Basel (Switzerland)
UDK:336
COBISS.SI-ID:17673446 Povezava se odpre v novem oknu
Število ogledov:569
Število prenosov:137
Metapodatki:XML RDF-CHPDL DC-XML DC-RDF
 
Skupna ocena:(0 glasov)
Vaša ocena:Ocenjevanje je dovoljeno samo prijavljenim uporabnikom.
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