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Market Structure And Exchange Rate Pass Through
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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 51 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.
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:
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:
Book Synopsis Exchange rate pass-through and market structure by : Alan P. Kirman
Download or read book Exchange rate pass-through and market structure written by Alan P. Kirman and published by . This book was released on 1992 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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:
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.
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:
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 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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:
Book Synopsis Exchange Rates and Macroeconomic Dynamics by : P. Karadeloglou
Download or read book Exchange Rates and Macroeconomic Dynamics written by P. Karadeloglou and published by Springer. This book was released on 2008-02-13 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book looks at the PPP persistence puzzle, and econometric aspects of exchange rate dynamics and their implications. It also explores the importance of exchange rate dynamics in the pass-through effects (PTE) and the econometric aspects of the exchange rates dynamics linked to structural shocks on different economies.
Book Synopsis The Exchange Rate Pass -Through to Import and Export Prices by : Ehsan U. Choudhri
Download or read book The Exchange Rate Pass -Through to Import and Export Prices written by Ehsan U. Choudhri and published by International Monetary Fund. This book was released on 2012-09-01 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using both regression- and VAR-based estimates, the paper finds that the exchange rate pass-through to import prices for a large number of countries is incomplete and larger than the pass-through to export prices. Previous studies have reported similar results, which give rise to the puzzle that while local currency pricing is needed to account for incomplete import price pass-through, it would not imply a lower export price pass-through. Recent explanations of this puzzle have emphasized markup adjustment in response to exchange rate changes. This paper suggests an alternative explanation based on the presence of both producer and local currency pricing. Using a dynamic general equilibrium model, the paper shows that a mix of producer and local currency pricing can explain the pass-through evidence even with a constant markup. The model can also explain the observed exchange rate and inflation variability as well as the fact that the regression and VAR estimates tend to be similar.
Book Synopsis Exchange Rate Economics by : Ronald MacDonald
Download or read book Exchange Rate Economics written by Ronald MacDonald and published by Routledge. This book was released on 2005 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: ''In summary, the book is valuable as a textbook both at the advanced undergraduate level and at the graduate level. It is also very useful for the economist who wants to be brought up-to-date on theoretical and empirical research on exchange rate behaviour.'' ""Journal of International Economics""
Book Synopsis Market Structure and Exchange Rate Pass-through by : Raphael A. Auer
Download or read book Market Structure and Exchange Rate Pass-through written by Raphael A. Auer and published by . This book was released on 2012 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Exchange Rate Pass-through, Currency of Invoicing and Market Share by : Michael B. Devereux
Download or read book Exchange Rate Pass-through, Currency of Invoicing and Market Share written by Michael B. Devereux and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the impact of market structure on the joint determination of exchange rate pass- through and currency of invoicing in international trade. A novel feature of the study is the focus on market share of firms on both sides of the market--that is, exporting firms and importing firms. A model of monopolistic competition with heterogeneous firms has the following set of predictions: a) exchange rate pass-through should be non-monotonic and U-shaped in the market share of exporting firms, but monotonically declining in the market share of importers; b) exchange rate pass-through should be lower, the higher is local currency invoicing of imports; and c) producer currency invoicing should be related non-monotonically and U-shaped to exporter market share, and monotonically declining in importing firms' market share. We test these predictions using a new and large micro data set covering the universe of Canadian imports over a six-year period. The data strongly support all three predictions.
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:
Book Synopsis Pass-through Exposure by : Gordon M. Bodnar
Download or read book Pass-through Exposure written by Gordon M. Bodnar and published by . This book was released on 1999 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Quality, Trade, and Exchange Rate Pass-Through by : Natalie Chen
Download or read book Quality, Trade, and Exchange Rate Pass-Through written by Natalie Chen and published by International Monetary Fund. This book was released on 2014-03-12 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates theoretically and empirically the heterogeneous response of exporters to real exchange rate fluctuations due to product quality. Our model shows that the elasticity of demand perceived by exporters decreases with a real depreciation and with quality, leading to more pricing-to-market and to a smaller response of export volumes to a real depreciation for higher quality goods. We test the proposed theory using a highly disaggregated Argentinean firm-level wine export dataset between 2002 and 2009 combined with experts wine rankings as a measure of quality. The model predictions find strong support in the data and the results are robust to different measures of quality, samples, specifications, and to the potential endogeneity of quality.
