Exchange Rates in Emerging Markets in the First Wave of the Covid-19 Pandemic

被引：2
|
作者：
Kohrt, Leon [1 ,2 ]
Horky, Florian [1 ]
Fidrmuc, Jarko [1 ,3 ,4 ]
机构：
[1] Zeppelin Univ Friedrichshafen, Dept Econ, Friedrichshafen, Germany
[2] Univ Cambridge, Fac Econ, Cambridge, England
[3] Vilnius Univ, Fac Econ & Business Adm, Vilnius, Lithuania
[4] Mendel Univ Brno, Fac Business & Econ, Brno, Czech Republic
来源：
EASTERN EUROPEAN ECONOMICS | 2024年 / 62卷 / 02期
关键词：
Emerging markets; behavioral equilibrium exchange rates; pandemic effects; Covid-19; PMGE; UNCONVENTIONAL MONETARY-POLICY; INVESTOR SENTIMENT; LONG-RUN; REAL; IMPACT; SHOCKS; PANEL; DETERMINANTS; PRICES; FLIGHT;
D O I：
10.1080/00128775.2022.2074461
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We analyze the impact of the Covid-19 pandemic on emerging market real exchange rates using a Behavioral Equilibrium Exchange Rate approach augmented by pandemic variables. We show that behavioral factors related to Covid-19 played a significant role in explaining the behavior of emerging market real exchange rates during the first wave of the pandemic. The real exchange rates were driven by the number of new Covid-19 deaths rather than by the number of new infections. These results are robust for different country samples.
引用
收藏
页码：165 / 186
页数：22
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