Showing 1 - 8 of 8
An imperative need has arisen to provide a Constructive push to the President Bush. American population, Corporate …
Persistent link: https://www.econbiz.de/10005556940
It has been viewed as an unsolved puzzle that only for a small number of firms a significant impact of foreign exchange rate risk on firm value could be detected empirically. This paper investigates whether the results of previous studies can be explained by the fact that only the linear...
Persistent link: https://www.econbiz.de/10005134773
This paper examines whether the introduction of the Euro in 1999 was associated with lower stock return volatility, market risk exposures and foreign exchange rate risk exposures for 12,821 nonfinancial firms in Europe, the United States, and Japan. We show that though the Euro led to a...
Persistent link: https://www.econbiz.de/10005413119
During the 1990’s the Japanese yen proved astonishingly strong despite the persisting recession. This paper tracks the … origins of the high yen. It analyses the influence of interest rates, prices and foreign exchange policy on the yen-dollar …. Since prices have been exerting their influence on the Japanese currency in the long run, the high yen is explained with …
Persistent link: https://www.econbiz.de/10005556664
The paper analyses the causality between the Japanese-US relative export prices and the yen-dollar exchange rate. It … explains why the Japanese yen proved strong even during the economic slump of the 1990s. The paper suggests that the … appreciation of the Japanese yen forced the Japanese enterprises into price reductions and productivity increases, which put a …
Persistent link: https://www.econbiz.de/10005119473
The purpose of this paper is to put the future of the US dollar into a logical framework which comprises the global … development mechanism. Two models of growth collide: the US «locomotive», based on the international use of the dollar, and which …
Persistent link: https://www.econbiz.de/10005124951
participating in EMU. The focus is on substitution between dollar and euro balances in the three basic functions of money – unit of … between a domestic currency and aggregate foreign currency balances, we look for substitution between the dollar and the euro … dynamics of the euro and dollar as substitute foreign currencies. …
Persistent link: https://www.econbiz.de/10005125495
If bigger objects go into a jar, then there will be space to fill it with smaller objects in sequence. If the order of the objects are reversed, then it ends in filling it at the starting point. Happiness in life is similar to this. Fill high priority needs in the life, and smaller needs can be...
Persistent link: https://www.econbiz.de/10005408439