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Argentina and Inflation Targeting - Can it be implemented? - Comments on behalf the Brazilian experience (SPANISH)

Deheza, Juan Carlos Soldano - EconWPA - 2003

Este trabajo intenta mostrar algunos de los requerimientos para la implementación del Inflation Targeting como ancla nominal de la economía – y su capacidad de ser implementados en Argentina -a la luz de la experiencia brasileña y las dificultades experimentadas a lo largo de los cuatro...

Persistent link: https://www.econbiz.de/10005125926

THE PRINCIPIUM OF PRICE SYSTEM

Zhai, Xiaozhong - EconWPA - 2005

This book focuses on general theory of price. Price, wage, interest rate, GNP and exchange rate, five factors, are very … macroeconomics theory. This book is also a concise outline of a part of macroeconomics and a good reading and educating material for …,GENERAL THEORY OF INTEREST RATE 12,PHILOSOPHICAL DEFINATION OF PRICE 13,TRADE EFFECT 14,EXCHANGE- RATE FORMULA 15,SINGLE …

Persistent link: https://www.econbiz.de/10005126369

Stabilisations, Crises and the "Exit" Problem - A Theoretical Model

Bleaney, Michael; Gundermann, Marco - EconWPA - 2002

Exchange-rate-based stabilisations, even if successful, usually lack credibility initially. This is reflected in high (ex post) real interest rates and some degree of real exchange rate appreciation. Empirical observation suggests that wage inflation declines smoothly over time whilst interest...

Persistent link: https://www.econbiz.de/10005126376

Dollarization: A Dead End

Izurieta, Alex - EconWPA - 2002

When economies "dollarize," their exchange rate and monetary policy, both considered to be sources of instability, are simultaneously discarded. Often, dollarization becomes an attractive option for developing countries that have experienced successive failures of exchange rate and monetary...

Persistent link: https://www.econbiz.de/10005126433

Linkages between Stock Prices and Exchange Rates in the EU and the United States

Stavarek, Daniel - EconWPA - 2004

This paper investigates the nature of the causal relationship between stock prices and effective exchange rates in four old EU-member countries (Austria, France, Germany, and the UK), four new EU-member countries (Czech Republic, Hungary, Poland, and Slovakia) and in the USA. Both the long-run...

Persistent link: https://www.econbiz.de/10005134673

Modelling International Bond Markets with Affine Term Structure Models

Mosburger, Georg; Schneider, Paul - EconWPA - 2005

This paper investigates the performance of international affine term structure models (ATSMs) that are driven by a mutual set of global state variables. We discuss which mixture of Gaussian and square root processes is best suited for modelling international bond markets. We derive necessary...

Persistent link: https://www.econbiz.de/10005134688

Order Flow and Exchange Rate Dynamics in Brazil

Medeiros, Otavio De - EconWPA - 2005

The paper presents results of empirical tests with hybrid nominal exchange rate models for the Brazilian foreign exchange market, using macroeconomic and market microstructure variables. The basic model was originally proposed and tested in the German (DM/US$) and the Japanese (¥/US$) foreign...

Persistent link: https://www.econbiz.de/10005134888

Translation of Financial Statements

Simas, Dalthan; Medeiros, Otavio De - EconWPA - 2005

This paper has the purpose of surveying and critically analyzing the effects of accounting procedures which are closely related to groups of companies operating multinationally. These are the methods for translation of financial statements, e.g. the Temporal and the Closing- rate Methods, as far...

Persistent link: https://www.econbiz.de/10005134949

The Travails of Current Macroeconomic and Exchange Rate Management in China: The Complications of Switching to a New Growth Engine

Woo, Wing Thye - EconWPA - 2003

Just when China’s leaders receive conflicting signals of “overheating” and “below-potential growth”, they encounter tremendous external pressure to revalue the Renminbi (RMB) substantially. Our conclusion is that the major macroeconomic challenges have their roots in China’s...

Persistent link: https://www.econbiz.de/10005062405

Does a free trade area favors an optimum currency area? The Case of Morocco and the European Union

ACHY, Lahcen; Milgram, Juliette - EconWPA - 2005

The purpose of this paper is to investigate simultaneously the potential effects of European Union's Association Agreement with Morocco and the adoption of the Euro as a single currency on exchange rate regime of Moroccan Dirham. Since Morocco depends heavily on EU as a market for its exports...

Persistent link: https://www.econbiz.de/10005062594