Showing 1 - 6 of 6
African countries involved in monetary integration projects have been advised to peg their currencies against an external anchor before the definite fixing of exchange rates. In this study we estimate optimum currency area indices to determine, between four alternatives, which international...
Persistent link: https://www.econbiz.de/10009646049
Higher education systems have generally been adapting to increasing demand, higher quality requirements and severe financial constraints. In Portugal, where public funding critically depends on the new enrolments, the short term uncertainties of declining applications exacerbate systemic long...
Persistent link: https://www.econbiz.de/10005064625
This paper formulates a model of demand for higher education in Portugal considering a wide range of demographic, economic, social and institutional explanatory variables. The estimation results suggest that the number of applicants reacts positively to demographic trends, graduation rates at...
Persistent link: https://www.econbiz.de/10009145162
The academic and political discussion about which countries met the conditions for joining EMU was decisively influenced by the Frankel and Rose (1997) hypothesis concerning endogenous OCA properties. The answer to their question "Is EMU more justifiable ex post than ex ante?" was a definite yes...
Persistent link: https://www.econbiz.de/10008784505
This study assesses whether capital markets of developed countries reflect the effects of financial contagion from the US subprime crisis and, in such case, if the intensity of contagion differs across countries. Adopting a definition of contagion that relates the phenomenon to an increase of...
Persistent link: https://www.econbiz.de/10005812884
This paper presents three tests of contagion of the US subprime crisis to the European markets of the NYSE-Euronext group. Copula models are used to analyse dependence structures between the US's and the other markets in the sample, in the pre-crisis and in the subprime crisis periods. The first...
Persistent link: https://www.econbiz.de/10005064623