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Political Instability and the August 1998 Ruble Crisis
Fic, Tatiana; Saqib, Omar F. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2006
The main objective of this study is to highlight the importance of political instability, defined as frequent changes in and of government, in undermining the Russian exchange rate based stabilization program of the 1990s. The empirical evidence supports the significance of political instability...
Persistent link: https://www.econbiz.de/10004963963
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The Argentinean Currency Crisis: A Markov-Switching Model Estimation
Alvarez-Plata, Patricia; Schrooten, Mechthild - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2003
Despite the fact that Argentina has been suffering from a recession for years, the timing and severity of the recent currency crisis surprised most observers. This paper analyzes the role of fundamentals and self-fulfilling speculation in the Argentinean crisis. Arguing within a theoretical...
Persistent link: https://www.econbiz.de/10005068706
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Real Convergence, Capital Flows, and Competitiveness in Central and Eastern Europe
Belke, Ansgar; Schnabl, Gunther; Zemanek, Holger - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009
The paper scrutinizes the role of wages and capital flows for competitiveness in the new EU member states in the context of real convergence. For this purpose it extends the seminal Balassa-Samuelson model by international capital markets. The augmented Balassa-Samuelson model is linked to the...
Persistent link: https://www.econbiz.de/10008461813
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Credit Rating Agency Announcements and the Eurozone Sovereign Debt Crisis
Baum, Christopher F.; Karpava, Margarita; Schäfer, Dorothea - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2013
This paper studies the impact of credit rating agency (CRA) announcements on the value of the Euro and the yields of French, Italian, German and Spanish long-term sovereign bonds during the culmination of the Eurozone debt crisis in 2011-2012. The employed GARCH models show that CRA downgrade...
Persistent link: https://www.econbiz.de/10011128878
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How Stable Are Monetary Models of the Dollar-Euro Exchange Rate?: A Time-Varying Coefficient Approach
Beckmann, Joscha; Belke, Ansgar; Kühl, Michael - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009
This paper examines the significance of different fundamental regimes by applying various monetary models of the exchange rate to one of the politically most important exchange rates, the exchange rate of the US dollar vis-à-vis the euro (the DM). We use monthly data from 1975:01 to 2007:12....
Persistent link: https://www.econbiz.de/10008596278
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Social Networks, Job Search Methods and Reservation Wages: Evidence for Germany
Caliendo, Marco; Schmidl, Ricarda; Uhlendorff, Arne - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
In this paper we analyze the relationship between social networks and the job search behavior of unemployed individuals. It is believed that networks convey useful information in the job search process such that individuals with larger networks should experience a higher productivity of informal...
Persistent link: https://www.econbiz.de/10008643688
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Reservation Wages of First and Second Generation Migrants
Constant, Amelie; Krause, Annabelle; Rinne, Ulf; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
survey data of a representative inflow sample into unemployment in Germany, we empirically test the hypothesis that …
Persistent link: https://www.econbiz.de/10008765849
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Economic Preferences and Attitudes of the Unemployed: Are Natives and Second Generation Migrants Alike?
Constant, Amelie F.; Krause, Annabelle; Rinne, Ulf; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
natives and second generation migrants. We analyze an inflow sample into unemployment in Germany, and find differences between … employment probability about two months after unemployment entry. We observe a significantly lower employment probability for …
Persistent link: https://www.econbiz.de/10008765852
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Credit Frictions and Labor Market Dynamics
Hristov, Atanas - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009
We outline the case for credit frictions and a demand side aspect to labor market fluctuations. To illustrate the above proposition, we present a simple framework to analyze the joint dependence between a labor search problem in the labor market and a costly state verification problem in the...
Persistent link: https://www.econbiz.de/10010896114
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Gender-Specific Effects of Unemployment on Family Formation: A Cross-National Perspective
Schmitt, Christian - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008
This paper investigates the impact of unemployment on the propensity to start a family. Unemployment is accompanied by … analyze unemployment at the intersection of state-dependence and the reduced opportunity costs of parenthood, distinguishing … UK (1994-2001). The results highlight spurious negative effects of unemployment on family formation among men, which can …
Persistent link: https://www.econbiz.de/10005068723