An Alternative Framework for Foreign Exchange Risk Management of Sovereign Debt is popular PDF and ePub book, written by Martin Melecky in 2008, it is a fantastic choice for those who relish reading online the Currencies and Exchange Rates genre. Let's immerse ourselves in this engaging Currencies and Exchange Rates book by exploring the summary and details provided below. Remember, An Alternative Framework for Foreign Exchange Risk Management of Sovereign Debt can be Read Online from any device for your convenience.
An Alternative Framework for Foreign Exchange Risk Management of Sovereign Debt Book PDF Summary
Abstract: This paper proposes a measure of synchronization in the movements of relevant domestic and foreign fundamentals for choosing suitable currency for denomination of foreign debt. The selection of explanatory variables for exchange rate volatility is motivated using a New Keynesian Policy model. The model predicts that not only traditional optimal currency area variables, but also variables considered by the literature on currency preferences, such as money velocity, should be relevant for explaining exchange rate volatility. The findings show that measures of inflation synchronization, money velocity synchronization, and interest rate synchronization can be useful indicators for decisions on the currency denomination of foreign debt.
Detail Book of An Alternative Framework for Foreign Exchange Risk Management of Sovereign Debt PDF
- Author : Martin Melecky
- Release : 20 September 2024
- Publisher : World Bank Publications
- ISBN : 978186723xxxx
- Genre : Currencies and Exchange Rates
- Total Page : 33 pages
- Language : English
- PDF File Size : 13,5 Mb
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