Exchange rate fluctuations, market structure and the pass-through relationship

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Publisher :
ISBN 13 :
Total Pages : 31 pages
Book Rating : 4.:/5 (719 download)

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Book Synopsis Exchange rate fluctuations, market structure and the pass-through relationship by : Inĩgo Herguera

Download or read book Exchange rate fluctuations, market structure and the pass-through relationship written by Inĩgo Herguera and published by . This book was released on 1993 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Exchange Rate Fluctuations, Market Structure and the Pass-through Relationship

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Publisher :
ISBN 13 :
Total Pages : 62 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Exchange Rate Fluctuations, Market Structure and the Pass-through Relationship by : Iñigo Herguera

Download or read book Exchange Rate Fluctuations, Market Structure and the Pass-through Relationship written by Iñigo Herguera and published by . This book was released on 1993 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Exchange Rates and Prices

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Publisher : Routledge
ISBN 13 : 135175131X
Total Pages : 212 pages
Book Rating : 4.3/5 (517 download)

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Book Synopsis Exchange Rates and Prices by : William R. Smith

Download or read book Exchange Rates and Prices written by William R. Smith and published by Routledge. This book was released on 2017-04-21 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1996. This study looks at the impact of exchange rate fluctuation on the pricing practices of foreign industries that import into the United States market. It presents several studies of the pass-through behaviour of over 100 disaggregated commodity groups with bi-lateral exchange rates. The book presents analysis of specific competitors and their individual pricing responses to exchange rate changes, adding significantly to pricing theory as well as being useful for marketers in predicting business responses.

Market Structure and Exchange Rate Pass-through

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (913 download)

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Book Synopsis Market Structure and Exchange Rate Pass-through by : Raphael Auer

Download or read book Market Structure and Exchange Rate Pass-through written by Raphael Auer and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study firm-level pricing behavior through the lens of exchange rate pass-through and provide new evidence on how firm-level market shares and price complementarities affect pass-through decisions. Using micro-data from U.S. import prices, we identify two facts: First, exactly the firms that react the most with their prices to changes in their own costs are also the ones that react the least to changing competitor prices. Second, the response of import Prices to exchange rate changes is U-shaped in market share while it is hump-shaped in response to competitor prices. We show that both facts are consistent with a model based on Dornbusch (1987) that generates variable markups through a nested-CES demand system. Finally, based on the model, we find that direct cost pass-through and price complementarities play approximately equally important roles in determining pass-through but also partly offset each other. This suggests that equilibrium feedback effects in pricing are large. Omission of either channel in an empirical analysis results in a failure to explain how market structure affects price-setting in industry equilibrium.

Product Differentiation, Market Structure and Exchange Rate Passthrough

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Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Product Differentiation, Market Structure and Exchange Rate Passthrough by : Stephen Martin

Download or read book Product Differentiation, Market Structure and Exchange Rate Passthrough written by Stephen Martin and published by . This book was released on 1993 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Relationship Between the Foreign Exchange Regime and Macroeconomic Performance in Eastern Africa

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Publisher : International Monetary Fund
ISBN 13 : 1475504179
Total Pages : 54 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis The Relationship Between the Foreign Exchange Regime and Macroeconomic Performance in Eastern Africa by : Ms.Janet Gale Stotsky

Download or read book The Relationship Between the Foreign Exchange Regime and Macroeconomic Performance in Eastern Africa written by Ms.Janet Gale Stotsky and published by International Monetary Fund. This book was released on 2012-06-01 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the relationship between the foreign exchange regime and macroeconomic performance in Eastern Africa. The study focuses on seven countries, five of which decisively liberalized their foreign exchange regimes. The study assesses the relationship between (i) growth and various determinants, including the exchange regime, the real exchange rate, and current account liberalization; and (ii) inflation and various determinants, including lagged inflation, the nominal exchange rate, the exchange regime, and liberalization. We find that in our sample, for the determinants of growth, investment and the real exchange rate are significant determinants but not the exchange regime or liberalization; and for inflation, the lagged inflation rate, nominal exchange rate, and the de facto regime are significant. Exchange rate pass-through is limited.

Exchange Rate Pass-through and Market Structure

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ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Exchange Rate Pass-through and Market Structure by : A. P. Kirman

Download or read book Exchange Rate Pass-through and Market Structure written by A. P. Kirman and published by . This book was released on 1992 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Market Evolution

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Publisher : Springer Science & Business Media
ISBN 13 : 9401584281
Total Pages : 354 pages
Book Rating : 4.4/5 (15 download)

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Book Synopsis Market Evolution by : Arjen van Witteloostuijn

Download or read book Market Evolution written by Arjen van Witteloostuijn and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: Market Evolution: Competition and Cooperation is a selection of papers presented at the recent meeting of the European Association of Research in Industrial Economics (EARIE). The volume brings together twenty high-quality papers reflecting frontier research in modern industrial organization. The contributions cover a broad spectrum of increasing theoretical, empirical and policy issues, including analyses of the nature of the firm, product differentiation, research and development, strategic alliances, information sharing in the banking sector, exchange rate pass-through in international competition, labor unionization and product rivalry, buyer-supplier bargaining, multimarket competition and related entry, entry and exit processes, multinational enterprises in the Third World, European integration and the restructuring of Eastern Europe. From a theoretical perspective, many chapters apply game theory to the analysis of firm behaviors and market competition. Moreover, a large number of the studies contain a significant empirical part, mainly by employing econometric techniques, to test the hypotheses derived from modern industrial organization theories. Data from Belgium, Germany, the Netherlands, Portugal, the United Kingdom and the European Union are presented and analyzed.

Exchange Rates and Corporate Performance

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Publisher : Beard Books
ISBN 13 : 9781587981593
Total Pages : 268 pages
Book Rating : 4.9/5 (815 download)

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Book Synopsis Exchange Rates and Corporate Performance by : Yakov Amihud

Download or read book Exchange Rates and Corporate Performance written by Yakov Amihud and published by Beard Books. This book was released on 2003 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a reprint of a previously published book. It consists of a series of papers by experts in the field on how the exchange rate volatility of the 1980s affected the financial policies of international firms.

The Volatility of the Relative Price of Commodities In Terms of Manufactures Across Exchange Regimes

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Publisher : International Monetary Fund
ISBN 13 : 1451980639
Total Pages : 22 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis The Volatility of the Relative Price of Commodities In Terms of Manufactures Across Exchange Regimes by : Ms.Hong Liang

Download or read book The Volatility of the Relative Price of Commodities In Terms of Manufactures Across Exchange Regimes written by Ms.Hong Liang and published by International Monetary Fund. This book was released on 1998-12-01 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the relationship between the nominal exchange rate regime and the volatility of relative commodity prices. The analysis shows that the relationship depends upon both the market structure and the economic agent’s perception about future exchange rate movements. When the markets for manufactured goods are less competitive than the markets for primary commodities, the volatility of relative commodity prices rises when exchange rate uncertainty increases. If demand for manufactured goods is intertemporally dependent, even a small increase in exchange rate uncertainty can result in potentially large costs in terms of increased relative commodity price instability.

Exchange Rate Pass-through and Market Structure in a Multi-country World

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (931 download)

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Book Synopsis Exchange Rate Pass-through and Market Structure in a Multi-country World by : Kanda Naknoi

Download or read book Exchange Rate Pass-through and Market Structure in a Multi-country World written by Kanda Naknoi and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Exchange Rate Fluctuations, Pass-Through, and Market Share

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Publisher : International Monetary Fund
ISBN 13 : 1451961391
Total Pages : 24 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Exchange Rate Fluctuations, Pass-Through, and Market Share by : International Monetary Fund

Download or read book Exchange Rate Fluctuations, Pass-Through, and Market Share written by International Monetary Fund and published by International Monetary Fund. This book was released on 1989-09-05 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: When the exchange rate fluctuates and the market exhibits hysteresis, planning horizons of domestic and foreign competitors will matter in determining pass-through as well as relative market shares of these firms. Using the Cournot duopoly model, it is shown that if the foreign exporter is a long-term maximizer relative to the domestic firm, pass-through will be lower and average export penetration higher than otherwise.

Explaining Prices in the Global Economy

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Publisher : Edward Elgar Publishing
ISBN 13 : 9781782541608
Total Pages : 248 pages
Book Rating : 4.5/5 (416 download)

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Book Synopsis Explaining Prices in the Global Economy by : Henk-Jan Brinkman

Download or read book Explaining Prices in the Global Economy written by Henk-Jan Brinkman and published by Edward Elgar Publishing. This book was released on 1999-11-25 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Addresses the problem of price disparities across countries, and, for the first time, uses market structures as the central focus. Also looks at effects of trade barriers, input-output relations, and economies of scale, factors often ignored by other studies, to determine what causes prices to vary across countries. A post- Keynesian markup pricing model incorporating market power, intermediate inputs, and productivity differences is developed and tested using regression analysis.

Exchange Rates and Prices

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Publisher : Springer Science & Business Media
ISBN 13 : 3642520707
Total Pages : 318 pages
Book Rating : 4.6/5 (425 download)

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Book Synopsis Exchange Rates and Prices by : Jayant Menon

Download or read book Exchange Rates and Prices written by Jayant Menon and published by Springer Science & Business Media. This book was released on 2013-12-11 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this study is to provide an in-depth analysis of the exchange rate pass-through relationship, using Australian imports of manufactures as a case study. The study begins by piecing together the theoretical literature on exchange rate pass-through, to provide the basis for the development of models for the empirical analysis. To place the empirical analysis m comparative context, a critical survey of the existing empirical literature on exchange rate pass-through is then undertaken. This is followed by a review of aspects of the structure and performance of Australian manufacturing that relate to the theme of the study. Next, the data and methodology are discussed. The analysis of exchange rate pass-through is conducted in two stages. First, it seeks to establish the degree to which Australian dollar (AUD) import prices of total manufactures and 50 product categories contained therein have responded to the massive fluctuations in the AUD during the 1980s. This is done by applying an econometric procedure which avoids the pit-falls in previous studies to a carefully assembled data set. Second, the study investigates the determinants of inter-product differences in the degree of exchange rate pass-through. This is done by relating the pass-through coefficients to a series of variables representing foreign control, quantitative restrictions (QRs), product characteristics and market structure within a cross section regression framework.

The Impact of Domestic Market Structure on Exchange Rate Pass-through

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Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.:/5 (99 download)

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Book Synopsis The Impact of Domestic Market Structure on Exchange Rate Pass-through by : Mohamed

Download or read book The Impact of Domestic Market Structure on Exchange Rate Pass-through written by Mohamed and published by . This book was released on 1990 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Impact of Domestic Market Structure on Exchange Rate Pass-through

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Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.:/5 (232 download)

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Book Synopsis The Impact of Domestic Market Structure on Exchange Rate Pass-through by : Ahmed H. Mohamed

Download or read book The Impact of Domestic Market Structure on Exchange Rate Pass-through written by Ahmed H. Mohamed and published by . This book was released on 1990 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Impact of Exchange Rate Fluctuations on U.S. Trade Competitiveness

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Publisher : Ann Arbor, Mich. : University Microfilms International
ISBN 13 :
Total Pages : 264 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Impact of Exchange Rate Fluctuations on U.S. Trade Competitiveness by : Pao-Hwa Chan

Download or read book The Impact of Exchange Rate Fluctuations on U.S. Trade Competitiveness written by Pao-Hwa Chan and published by Ann Arbor, Mich. : University Microfilms International. This book was released on 1996 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study applies two different econometric methodologies to investigate the impact of exchange rate changes on the trade prices and quantities using the aggregated and industry level data of the United States, Canada, and Japan in order to compare the similarities and differences in countries as well as industries. The dynamic responses of these trade prices and quantities become very interesting and valuable for the further study of the effect of exchange rate changes, because the most important feature of this study is that the value of the U.S. dollar depreciates in terms of the Japanese yen but at the same time appreciates against the Canadian dollar. The actual impact of exchange rate changes is estimated by combining the main features of the markup specification and the effect of intermediate cost changes. In addition to the explicit recognition of the effects of markups and cost changes, the study includes the feedback effect of the partial adjustment mechanism in three-stage least squares to compare the findings of the vector autoregressions and to develop more reasonable implicit explanations. Moreover, the vector autoregressive technique particularly provides an adapted exploration of the dynamic inter-relationships among the exchange rate changes and trade prices as well as quantities to identify the role of exchange rate changes in output and price determination by analyzing variance decompositions and impulse responses. The results from these two different econometric methodologies present several similar meaningful findings. The findings suggest that the exporters and importers of the United States do not meet a very competitive situation with Canadian traders. By contrast, the findings indicate that the export and import industries of the United States encounter severer competition when they trade to and from Japan. In addition to measuring competitiveness, the results also illustrate that the responses of exchange rate changes between the short-run and the long-run are relatively small in the trade prices of the United States and Japan, suggesting that most price adjustments will be completed immediately, while the adjustments of import prices occur slower than has been expected between the United States and Canada. Furthermore, according to the impact elasticities of trade volume equations, the results suggest that a trade negotiation or a managed exchange rate policy might be an effective way to improve the trade deficits between the United States and Canada, while these policies might cause the trade deficits between the United States and Japan to deteriorate after dollar depreciation.