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Sovereign indebtedness and financial and fiscal conditions

Afonso, António; Jalles, João Tovar - In: Applied economics letters 27 (2020) 19, pp. 1611-1616

Persistent link: https://www.econbiz.de/10012315681

Greece's three-act tragedy : a simple model of Grexit vs. staying afloat inside the single currency area

Chen, Yu-Fu; Funke, Michael - 2015

is described using a stochastic regime-switching model; second, the euro area governments’ responses to uncertain … macroeconomic policies in Greece are considered. The model's mechanism and assumptions allow either for a Grexit from the euro area … understand key drivers of the long-winded negotiations between the Syiza government and the euro area governments. …

Persistent link: https://www.econbiz.de/10011406792

The signalling channel of central bank interventions : modelling the yen

Chen, Yu-Fu; Funke, Michael; Glanemann, Nicole - 2011

This paper presents a theoretical framework analysing the signalling channel of exchange rate interventions as an informational trigger. We develop an implicit target zone framework with learning in order to model the signalling channel. The theoretical premise of the model is that interventions...

Persistent link: https://www.econbiz.de/10009312174

Does the nominal exchange rate regime matter for investment?

Böhm, Hjalmar; Funke, Michael - 2001

This paper analyses the impact of exchange rate uncertainty upon the pattern of investment in different exchange rate regimes (very hard pegs, intermediate regimes, and floats) by means of a unified approach. The comparison of different exchange rate regimes indicates that currency volatility...

Persistent link: https://www.econbiz.de/10011400788

Booms, recessions and financial turmoil : a fresh look at investment decisions under cyclical uncertainty

Chen, Yu-Fu; Funke, Michael - 2009

The paper studies the interaction between cyclical uncertainty and investment in a stochastic real option framework where demand shifts stochastically between three different states, each with different rates of drift and volatility. In our setting the shifts are governed by a three-state Markov...

Persistent link: https://www.econbiz.de/10003872827

Do debt crises boost financial reforms?

Agnello, Luca; Castro, Vitor; Jalles, João Tovar; … - In: Applied economics letters 22 (2015) 4/6, pp. 356-360

Persistent link: https://www.econbiz.de/10010506731

Fiscal volatility, financial crisis and growth

Afonso, António; Jalles, João Tovar - In: Applied economics letters 19 (2012) 16/18, pp. 1821-1826

Persistent link: https://www.econbiz.de/10009685976

Financial stress and sovereign debt composition

Agnello, Luca; Castro, Vitor; Jalles, João Tovar; … - In: Applied economics letters 23 (2016) 7/9, pp. 678-683

Persistent link: https://www.econbiz.de/10011628329

Causality for the goverment budget and economic growth

Afonso, António; Jalles, João Tovar - In: Applied economics letters 21 (2014) 16/18, pp. 1198-1201

Persistent link: https://www.econbiz.de/10010465708

The undisclosed renminbi basket : are the markets telling us something about where the renminbi - US dollar exchange rate is going?

Funke, Michael (contributor); Gronwald, Marc (contributor) - 2008

Persistent link: https://www.econbiz.de/10003674399