Our Behavioural Equilibrium Exchange Rate (BEER) model estimates the real medium-term fair value of G10 currencies using productivity, terms of trades (the price of exports divided by the price of ...

While EUR/USD near 1.10 looks historically cheap, our Behavioural Equilibrium Exchange Rate model actually suggests that EUR/USD is at least 9% overvalued in real terms. This is primarily due to a ...

This study examined the relationship between the Monetary Policy Rate (MPR) and inflation across five continents from 2014 to 2023 using both Frequentist and Bayesian Linear Mixed Models (LMM). It ...

We offer a unifying empirical model of covered and uncovered currency premia, interest rates and spot and forward exchange rates, both in the cross section and time series of currencies. We find that ...

Cuban economist Pedro Monreal has delivered a sharp critique of the Cuban government's newly implemented exchange rate ...

This paper investigates the impact of natural disasters on exchange rate movements in different country groups with different exchange rate regimes. Using a panel local projection model with a ...

Controlling inflation is a key concern of central bankers around the world. But how best to control inflation differs across countries according to their individual characteristics; for example, small ...

You can do a lot better if you look beyond traditional currency booths near train stations and tourist hubs Written By Written by Contributor, Buy Side Jason Cochran is a contributor to Buy Side and ...