Search Results - "Lothian, James"

Purchasing power parity and the behavior of prices and nominal exchange rates across exchange-rate regimes by Lothian, James R.

“…•Investigate the relation linking exchange rates and price levels in different monetary regimes.•Use annual multi-country panel data for 1870–1914, 1921–1939…”
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Uncovered interest-rate parity over the past two centuries by Lothian, James R., Wu, Liuren

“…We study the validity of uncovered interest-rate parity by constructing ultra-long time series that span two centuries. The forward-premium regressions yield…”
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Real Exchange Rates Over the Past Two Centuries: How Important is the Harrod-Balassa-Samuelson Effect by Lothian, James R., Taylor, Mark P.

“…Using data since 1820 for the US, the UK and France, we test for the presence of real effects on the equilibrium real exchange rate (the…”
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Uncovered interest parity: The long and the short of it by Lothian, James R.

“…Uncovered interest rate parity (UIP) is a theoretical relation linking changes in exchange rates and corresponding interest rate differentials. Despite its…”
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How Friedman and Schwartz Became Monetarists by LOTHIAN, JAMES R., TAVLAS, GEORGE S.

“…During the early-1940s, both Milton Friedman and Anna Schwartz downplayed the role of money in the economy. By the mid-1950s, they had not only become what…”
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Monetary policy and the twin crises by Lothian, James R.

“…After presenting a brief overview of the recent financial crisis and the European debt crisis that followed in its wake, this paper goes on discuss monetary…”
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Comment on Rudebusch and Williams, “A wedge in the dual mandate: Monetary policy and long-term unemployment” by Lothian, James R.

“…Rudebusch and Williams (2015) conclude “A wedge in the dual mandate: Monetary policy and long-term unemployment” with the policy prescription “Optimal policy…”
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The Signaling Hypothesis Revisited: Evidence from Foreign IPOs by Francis, Bill B., Hasan, Iftekhar, Lothian, James R., Sun, Xian

“…While the signaling hypothesis has played a prominent role as the economic rationale associated with the initial public offering (IPO) underpricing puzzle…”
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WAS THE GOLD STANDARD REALLY DESTABILIZING? by Fagan, Gabriel, Lothian, James R., Mcnelis, Paul D.

“…This paper investigates the extent to which the high macroeconomic volatility experienced in the classical Gold Standard era of US history can be attributed to…”
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Overview of the special issue on “Policy Implications of and Lessons from the Global Financial Crisis” by Aizenman, Joshua, Dekle, Robert, Lothian, James R.

“…This paper reviews the special issue “Policy Implications of and Lessons from the Global Financial Crisis,” and its themes: Global liquidity and the use of…”
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The European Sovereign Debt Crisis: Background and perspectives, overview of the special issue by Aizenman, Joshua, Hutchison, Michael, Lothian, James

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Real Exchange Rate Behavior: The Recent Float from the Perspective of the Past Two Centuries by Lothian, James R., Taylor, Mark P.

“…Using annual data spanning two centuries for dollar-sterling and franc-sterling real exchange rates, we find strong evidence of mean-reverting real exchange…”
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International and historical dimensions of the financial crisis of 2007 and 2008 by Dwyer, Gerald P., Lothian, James R.

“…This article provides an interpretative overview of the papers in this special issue of JIMF devoted to international aspects of the 2007–2009 financial…”
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Why Money Matters: A Fourth Natural Experiment by Lothian, James R.

“…Milton Friedman (J Econ Perspect 19(4):145–150, 2005 ; Wall St J November 17, 2006 :A20) compared the behavior of money supply, nominal income and stock prices…”
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Milton Friedman's monetary economics and the quantity-theory tradition by Lothian, James R.

“…This article provides a selective review of Milton Friedman's contributions to monetary economics focusing on five areas in particular: the demand for money,…”
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I discovered the peso problem: Irving Fisher and the UIP puzzle by Lothian, James R., Pownall, Rachel A.J., Koedijk, Kees G.

“…Irving Fisher was the first economist to posit what has come to be known as uncovered interest parity relation. He was also the first to offer a peso-problem…”
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Institutions, capital flows and financial integration by Lothian, James R.

“…The focus of this paper is on capital flows from developed to less developed countries and in particular on the question of why such flows are not much larger…”
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The emerging global financial architecture: What's new and what's old? by Aizenman, Joshua, Glick, Reuven, Lothian, James R.

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The internationalization of money and finance and the globalization of financial markets by Lothian, James R.

“…In this paper I combine long multi-country time series data for interest rates and stock returns with the institutional evidence for much earlier centuries…”
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Multi-country evidence on the behavior of purchasing power parity under the current float by Lothian, James R.

“…Using panel data for the United States and 22 other OECD countries for the current float, this paper presents evidence that despite substantial short-term…”
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