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Assessing Indicators of Currency Crisis in Ethiopia: Signals Approach

Megersa, kelbesa; Cassimon, Danny - Volkswirtschaftliche Fakultät, … - 2013

Currency crises, generally defined as rapid depreciation of a local currency or loss of foreign exchange reserves, are common incidents in modern monetary systems. Due to their repeated occurrence and severity, they have earned wide coverage by both theoretical and empirical literature. However,...

Persistent link: https://www.econbiz.de/10011259158

External constraint and financial crises with balance sheet effects

Dai, Meixing - Volkswirtschaftliche Fakultät, … - 2010

This paper investigates the dynamic implications of Krugman’s (1999) model of financial crises with balance-sheet effects, which has a considerable impact on the literature as well as the teaching of international financial crisis. By explicitly taking account of wealth accumulation and...

Persistent link: https://www.econbiz.de/10008529247

Cause and cure of the crisis

Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2014

The welfare state was created after 1950 with counterproductive mechanisms and this caused high inflation and high unemployment and stagnating growth by 1970, called stagflation. Since 1970 governments redressed the welfare state but did not succeed in finding workable mechanisms. They rather...

Persistent link: https://www.econbiz.de/10011108214

Deciphering financial contagion in the euro area during the crisis

Tola, Albi; Wälti, Sébastien - Volkswirtschaftliche Fakultät, … - 2012

Financial market interdependence has been at the epicenter of the crisis in the euro area. This paper tests for the … euro area shocks from country-specific shocks. Financial contagion has been widespread during the crisis in the euro area … between the core and the periphery of the euro area. Global and euro area shocks have been important drivers of sovereign bond …

Persistent link: https://www.econbiz.de/10011114307

La crisis de la deuda, el euro y la construcción política europea: reflexiones desde la economía

Costas, Antón; Lago-Peñas, Santiago - Volkswirtschaftliche Fakultät, … - 2013

The aim of this short paper is to discuss the future of the European Monetary Union (EMU) departing from the current financial crisis. In particular, we focus on its effects on the prospects for the EMU integration or disintegration.

Persistent link: https://www.econbiz.de/10011114561

Characteristics of the financial crisis in 2008 and its implications on Romanian economy

Liviu-George, Maha; Dragos-Florentin, Mariciuc - Volkswirtschaftliche Fakultät, … - 2009

The paper tries to underline the most important aspects of the financial crisis in Romania. Taking into account the information speed, the full integration of the capital markets and the commercial integration, the economic crisis of 2008 is certainly a global one and it has repercussions not...

Persistent link: https://www.econbiz.de/10008753088

Was kostet die Krise? Mittelfristige Wachstumsperspektiven in Deutschland, 2010 - 2014

Buchen, Teresa; Carstensen, Kai; Henzel, Steffen; … - Volkswirtschaftliche Fakultät, … - 2010

2009 ist eine Diskussion darüber entbrannt, inwieweit die derzeitige Finanzkrise Einfluss auf die mittelfristigen … Zeitreihenmodellen abgeschätzt. Die Ergebnisse deuten darauf hin, dass das Niveau des Produktionspotenzials aufgrund der Finanzkrise … Euro ableiten. Demgegenüber dürfte die Trendwachstumsrate in den kommenden Jahren bei 1,3 % liegen und damit nur …

Persistent link: https://www.econbiz.de/10008472806

Wpływ kryzysu finansowego na oszacowania wykładnika Hursta - analiza fraktalna cen wybranych metali

Buła, Rafał - Volkswirtschaftliche Fakultät, … - 2012

The main purpose of this article is to prove that prices of selected metals quoted at London Metal Exchange could be described as biased random walks. In this paper hypothesis of black noise character of returns is verified (sequences are observed more frequently than reversals). Exploiting...

Persistent link: https://www.econbiz.de/10011107319

Cycles and Crises in a Model of Debt-financed Investment-led Growth

Datta, Soumya - Volkswirtschaftliche Fakultät, … - 2012

The paper demonstrates possibilities of both convergence to the steady state and emergence of stable growth cycles around it in a simple macrodynamic model of debt-financed investment-led growth. The growth cycles are robust and are generated endogenously, either due to the existence of a...

Persistent link: https://www.econbiz.de/10011107341

Sovereign and bank CDS spreads: two sides of the same coin?

Avino, Davide; Cotter, John - Volkswirtschaftliche Fakultät, … - 2014

This paper investigates the relationship between sovereign and bank CDS spreads with reference to their ability to convey timely signals on the default risk of European sovereign countries and their banking systems. By using a sample of six major European economies, we find that sovereign and...

Persistent link: https://www.econbiz.de/10011107398