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The price, real and financial effects of exchange rates

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  • Bank for International Settlements

Abstract

The Hong Kong Monetary Authority and the Bank for International Settlements (BIS) co-hosted a research conference on "The price, real and financial effects of exchange rates " on 28-29 August 2017 in Hong Kong. The event was the wrap-up conference of a research programme of the BIS Representative Office for Asia and the Pacific on exchange rates that had been endorsed by the Asian Consultative Council of central bank Governors in February 2016. The conference brought together senior officials and researchers from central banks, international organisations and academia. This volume is a collection of the speeches, papers and prepared discussant remarks from the conference. Topics covered include exchange rate puzzles; deviations from covered interest parity; devaluations and intraregional trade; exchange rates and corporate risk-taking; FX hedging and creditors' rights; and a risk-taking channel of FX reserves accumulation. The foreword summarises the contents of the conference and provides a synopsis of the discussions for time-constrained readers.

Individual chapters are listed in the "Chapters" tab

Suggested Citation

  • Bank for International Settlements, 2018. "The price, real and financial effects of exchange rates," BIS Papers, Bank for International Settlements, number 96.
  • Handle: RePEc:bis:bisbps:96
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    References listed on IDEAS

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    8. Meese, Richard A. & Rogoff, Kenneth, 1983. "Empirical exchange rate models of the seventies : Do they fit out of sample?," Journal of International Economics, Elsevier, vol. 14(1-2), pages 3-24, February.
    9. Ethan Ilzetzki & Carmen M Reinhart & Kenneth S Rogoff, 2019. "Exchange Arrangements Entering the Twenty-First Century: Which Anchor will Hold?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 134(2), pages 599-646.
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