Dalia Hakura

TL;DR: In this paper, the authors derived a pass-through relation based on new open economy macroeconomic models and found that a low inflationary environment leads to a low exchange rate passthrough to domestic prices.

TL;DR: In this paper, the authors derived a pass-through relation based on new open-economy macroeconomic models and found strong evidence of a positive and significant association between the passthrough and the average inflation rate across countries and periods.

TL;DR: This article examined the performance of different new open economy macroeconomic models in explaining the exchange rate pass-through in a wide range of prices and found that the best-fitting model incorporates a number of features highlighted by different strands of the literature: sticky prices, sticky wages, distribution costs, and a combination of local and producer currency pricing.

TL;DR: In this article, the impact of the new capital requirements introduced under the Basel III framework on bank lending rates and loan growth was investigated and the results indicated that banks' responses to the new regulations will vary considerably from one advanced economy to another (e.g. a relatively large impact on loan growth in Japan and Denmark and a relatively lower impact in the U.S.) depending on cross-country variations in banks' net cost of raising equity and the elasticity of loan demand with respect to changes in loan rates.

TL;DR: In this paper, the impact of remittances on output stability for countries that are dependent on these income flows was investigated using a sample of 70 countries, including 16 advanced economies and 54 developing countries.