EconPapers    
Economics at your fingertips  
 

Currency relationships over time: a network analysis and case study of Mexico

Georgia Bush, Serafin Martínez-Jaramillo, Escobar-Farfán Luis O. L. and Flores-Tamés Erwin

Chapter 5 in Foreign Exchange Constraint and Developing Economies, 2023, pp 100-123 from Edward Elgar Publishing

Abstract: In this chapter, we construct dynamic currency networks using exchange rate correlations for 66 currencies for the period 1995-2018 to study currency centrality. First, we contrast the results from the minimum spanning tree (MST) and planar maximally filtered graph (PMFG) filtering techniques and argue that the MST is not sufficient to study centrality. Next, after filtering out the most irrelevant correlations, we use our foreign exchange network to 1) compare pre-, during and post-global financial crisis currency relationships; and 2) document and analyse currency centrality for developing economy currencies, with a case study on the Mexican peso. The chapter's targeted contributions are twofold: 1) methodological improvements on foreign exchange network construction, and 2) analysis of the dynamics of currency centrality for emerging and frontier economies.

Keywords: Development Studies; Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/view/edcoll/9781800880504/9781800880504.00013.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:20432_5

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().

 
Page updated 2024-06-19
Handle: RePEc:elg:eechap:20432_5