Showing 1 - 9 of 9
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
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
An imperative need has arisen to provide a Constructive push to the President Bush. American population, Corporate …
Persistent link: https://www.econbiz.de/10005556940
This article presents a model of the structure of the information flows that underlie the creation of production chains between thousands of small textile firms located in Prato, central Italy. Contrary to most textile industry of western Europe and north America, Prato did not die out once...
Persistent link: https://www.econbiz.de/10005556226
En este trabajo se utiliza la información estadística referente a los indicadores regionales, suministrada por Eurostat, para elaborar una clasificación y caracterizar el espacio socioeconómico europeo en base a los mencionados indicadores, que, como se sabe, se refieren básicamente a datos...
Persistent link: https://www.econbiz.de/10005119024
Greater cross-border economic integration in many regions has caused the field of border economics to expand rapidly. It has also occurred as a consequence of growing recognition of the necessity to examine economic phenomena within the unique contexts imposed by geo-political market...
Persistent link: https://www.econbiz.de/10005119042