| bibtype |
J -
Journal Article
|
| ARLID |
0449956 |
| utime |
20240103211121.6 |
| mtime |
20151208235959.9 |
| SCOPUS |
84885466928 |
| WOS |
000327806900002 |
| DOI |
10.1016/j.jimonfin.2013.08.021 |
| title
(primary) (eng) |
Exchange market pressures during the financial crisis: A Bayesian model averaging evidence |
| specification |
| page_count |
21 s. |
| media_type |
P |
|
| serial |
| ARLID |
cav_un_epca*0251282 |
| ISSN |
0261-5606 |
| title
|
Journal of International Money and Finance |
| volume_id |
40 |
| volume |
1 (2014) |
| page_num |
21-41 |
| publisher |
|
|
| keyword |
exchange rate pressure |
| keyword |
Financial crisis |
| author
(primary) |
| ARLID |
cav_un_auth*0323854 |
| share |
33 |
| name1 |
Feldkircher |
| name2 |
M. |
| country |
AT |
|
| author
|
| ARLID |
cav_un_auth*0274257 |
| full_dept |
Department of Econometrics |
| share |
34 |
| name1 |
Horváth |
| name2 |
Roman |
| institution |
UTIA-B |
| full_dept (cz) |
Ekonometrie |
| full_dept |
Department of Econometrics |
| department (cz) |
E |
| department |
E |
| garant |
K |
| fullinstit |
Ústav teorie informace a automatizace AV ČR, v. v. i. |
|
| author
|
| ARLID |
cav_un_auth*0286935 |
| share |
33 |
| name1 |
Rusnák |
| name2 |
M. |
| country |
CZ |
|
| source |
|
| cas_special |
| project |
| ARLID |
cav_un_auth*0292672 |
| project_id |
GA13-11983S |
| agency |
GA ČR |
|
| abstract
(eng) |
In this paper, we examine whether pre-crisis leading indicators help explain pressures on the exchange rate (and its volatility) during the global financial crisis. We use a unique data set that covers 149 countries and 58 indicators, and estimation techniques that are robust to model uncertainty. Our results are threefold: First and foremost, we find that price stability plays a pivotal role as a determinant of exchange rate pressures. More specifically, the currencies of countries that experienced higher inflation prior to the crisis tend to be more affected in times of stress. Second, we investigate potential effects that vary with the level of pre-crisis inflation. In this vein, our results reveal that an increase in domestic savings reduces the severity of pressures in countries that experienced a low-inflation environment prior to the crisis. Finally, we find evidence of the mitigating effects of international reserves on the volatility of exchange rate pressures. |
| RIV |
AH |
| reportyear |
2016 |
| num_of_auth |
3 |
| mrcbC51 |
RIV/67985556:_____/14:00449956!RIV16-AV0-67985556 191955518 chybí afiliace ústavu 2019 V 1 |
| mrcbC51 |
RIV/67985556:_____/14:00449956!RIV16-GA0-67985556 191953667 chybí afiliace ústavu 2019 V 1 |
| inst_support |
RVO:67985556 |
| permalink |
http://hdl.handle.net/11104/0253186 |
| confidential |
S |
| mrcbC83 |
RIV/67985556:_____/14:00449956!RIV16-AV0-67985556 191684626 nejednotny pocet stran UTIA-B |
| mrcbC83 |
RIV/67985556:_____/14:00449956!RIV16-GA0-67985556 191719713 nejednotny pocet stran UTIA-B |
| mrcbT16-e |
BUSINESSFINANCE |
| mrcbT16-j |
0.818 |
| mrcbT16-s |
1.346 |
| mrcbT16-4 |
Q1 |
| mrcbT16-B |
62.383 |
| mrcbT16-C |
91.477 |
| mrcbT16-D |
Q2 |
| mrcbT16-E |
Q2 |
| arlyear |
2014 |
| mrcbU14 |
84885466928 SCOPUS |
| mrcbU34 |
000327806900002 WOS |
| mrcbU63 |
cav_un_epca*0251282 Journal of International Money and Finance 0261-5606 1873-0639 Roč. 40 č. 1 2014 21 41 Elsevier |
|