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If we are to learn the right lessons from the tragedy ofNandigram, then we must ensure that the government is involvedin the land acquisition process and that we correctly deal withthree sets of issues: the size and form of compensation, theeligibility for compensation and the credibility of the...
Persistent link: https://www.econbiz.de/10008911464
This paper considers the currency composition of sovereign debt in the context of risksharingthrough excusable defaults …. It is shown that monetary credibility is not asufficient condition for borrowing in domestic currency. With real exchange … rate risk,debt denominated in a borrowing country’s currency can be too state-contingent tosupport international lending on …
Persistent link: https://www.econbiz.de/10005868758
The standard model of currency crises is amended to distinguish betweenunemployment aversion and financial fragility …
Persistent link: https://www.econbiz.de/10005869186
Credibility weighting is helpful in many insurance applications where sparse data crave information from other sources of data. In this paper we aim at estimating a hazard curve using the nonparametric kernel method...
Persistent link: https://www.econbiz.de/10005847113
This paper provides bonus-malus systems which rest on different types ofclaims. Consistent estimators are given for some moments of the mixingdistribution of a multi equation Poisson model with random effects...
Persistent link: https://www.econbiz.de/10005847242
The optimal currency for a country is an important topic. While it is difficult to identify the best option overall …: Which currency is best for business in a small country? Several kinds of currencies are discussed and three criteria that … in a small country seems to be a currency board with a fixed exchange rate that can be adapted in case of a crisis. A …
Persistent link: https://www.econbiz.de/10011695417
Persistent link: https://www.econbiz.de/10011335320
This note is a synthesis of the various studies existing on the development of the use of the euro by the customers, the businesses and the public administrations in the Member States participating to the EMU. It also presents the results of a regular survey of the Commission among European...
Persistent link: https://www.econbiz.de/10011335324
Produced by the Directorate-General for Economic and Financial Affairs (DG ECFIN), these monthly notes look at the volumes of debt issued, the maturity structures and the conditions in the market.Quarterly notes look in greater detail at the market and at the factors behind the more substantial...
Persistent link: https://www.econbiz.de/10011448312
Persistent link: https://www.econbiz.de/10011695808