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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
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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
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A Crise Financeira Russa
Pinto, Bruno José Marques; Vilela, Thais Machado de Matos - EconWPA - 2005
Fundamental sources of the Russian financial crisis in 1998 are discussed. Focus is made on the time horizon of judgements concerning sustainability of the economic policy. It is argued that the macroeconomic policy pursued by the monetary authorities was not robust in a medium run, but, in the...
Persistent link: https://www.econbiz.de/10005412647
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Iceland's Economic and Financial Crisis: Causes, Consequences and Implications
Spruk, Rok - Volkswirtschaftliche Fakultät, … - 2010
Iceland experienced a significant financial meltdown and subsequent economic downturn after the 2008/2009 financial crisis struck the country. It had been the worst crisis ever experienced by a small country from the late 20th century onwards. Since 1980s, Iceland's macroeconomic stability had...
Persistent link: https://www.econbiz.de/10008919755
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Comparison between Asian, Russian and Turkish financial crises
Lukkarila, Johanna - EconWPA - 2004
Since the start of the 1990s, several countries have abandoned fixed- but-adjustable exchange rate regimes. The tendency towards floating exchange rate regimes, or alternatively monetary unions, has given rise to a debate on the disappearance of pure currency crises, and the literature has...
Persistent link: https://www.econbiz.de/10005556609
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Crises and the recent recession
Tatom, John - Volkswirtschaftliche Fakultät, … - 2010
The United States economy has suffered over the past four years from crises in mortgage foreclosures and in financial markets, as well as a long recession that some have referred to as the Great Recession. The links between these events, or more broadly the causes, extent and effects of these...
Persistent link: https://www.econbiz.de/10009220099
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Towards a pure state theory of money
Ballinger, Clint - Volkswirtschaftliche Fakultät, … - 2013
serves as money in most banking systems in the world is privately created credit money. We can compare the current most …
Persistent link: https://www.econbiz.de/10011258509
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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 … durch eine Stagnation des technischen Fortschritts verursacht wird. Die Auswirkungen der Finanzkrise auf die mittelfristige …
Persistent link: https://www.econbiz.de/10008472806
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Korea investment corporation: its origin and evolution
Kim, Woochan - Volkswirtschaftliche Fakultät, … - 2011
In this paper, I give a detailed account of the creation and the evolution of Korea Investment Corporation (KIC) – a sovereign wealth fund established in 2005 by the Korean government. In doing so, I highlight three of its unique features. First, the case of KIC effectively shows the problem...
Persistent link: https://www.econbiz.de/10011259985
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Argentina: Trying to Make Sense of the Financial Tango
Buchs, Thierry - EconWPA - 2005
The paper discusses and revisits some of the most popular stories behind the 2001 financial crisis in Argentina, i.e. the prolonged overvaluation of the peso owing to the Currency Board arrangement, the lack of fiscal adjustment, and the negative external environment which triggered a “sudden...
Persistent link: https://www.econbiz.de/10005076729