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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 important not only in economics and economical activity, but also in social and political life. Those five factors are concrete, but also abstract. They belong to different...
Persistent link: https://www.econbiz.de/10005126369
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The function of the central bank
Stanners, Walter - EconWPA - 2002
of the main functions, or the main function, of the central bank is to analyse the progress of the economy, and then to … skilful time- critical steering, or even that the central bank does in fact lead or determine the short term interest rates … followed by the central bank, is perhaps not mathematically provable, but seems generally to be in accordance with the observed …
Persistent link: https://www.econbiz.de/10005561324
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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
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Monetary Conditions and Stock Returns: A South African Case Study
Coetzee, Clive - EconWPA - 2002
Extensive research on the linkages between monetary conditions and stock returns has been conducted in developed countries. This is in sharp contrast to the situation in developing countries. This paper therefore aims to study the long believed asymmetrical relationship between changes in...
Persistent link: https://www.econbiz.de/10005413129
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Phenomenology of the interest curve
BOUCHAUD, Jean-Philippe; CONT, Rama; KAROUI, Nicole EL; … - EconWPA - 1997
a proportionality constant which is comparable to the spot rate volatility. This suggests that forward rate market … volatility `hump' around one year found by several authors (and which we confirm). Finally, the number of independent components …
Persistent link: https://www.econbiz.de/10005413172
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Trends in East European Factor Productivity
Kyn, Oldrich; Kyn, Ludmila - EconWPA - 2005
During the 1960s most of the countries of Eastern Europe experienced a visible retardation of economic growth. This paper supports the view of many Eastern as well as Western economists that the retardation was caused primarily by declining rates of growth of the total factor productivity. The...
Persistent link: https://www.econbiz.de/10005125000
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Net Foreign Assets Management and Capital Account Liberalization. The Romanian Case.
Neagu, Florian - EconWPA - 2003
is tested on Romania data, and results assess that a decrease into the net foreign assets up to 20% should call for … central bank intervention only on money market. A higher sunk of the net foreign assets will require restrictions on capital …
Persistent link: https://www.econbiz.de/10005125534
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Assessing the Economic Impacts of Incorporating Romania's Agricultural and Food Sectors into EU's Customs Union: an Applied General Equilibrium Approach
Scrieciu, Serban S. - EconWPA - 2004
Joining the European Union club implies, among many other policy changes, full integration of Romania's economy into EU …
Persistent link: https://www.econbiz.de/10005134565
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Net Foreign Assets Management and Capital Account Liberalization. The Romanian Case
Neagu, Florian - EconWPA - 2003
is tested on Romania data, and results assess that a decrease into the net foreign assets up to 20% should call for … central bank intervention only on money market. A higher sunk of the net foreign assets will require restrictions on capital …
Persistent link: https://www.econbiz.de/10005134760
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Net Foreign Assets Management and Capital Account Liberalization. The Romanian Case
Neagu, Florian - EconWPA - 2003
is tested on Romania data, and results assess that a decrease into the net foreign assets up to 20% should call for … central bank intervention only on money market. A higher sunk of the net foreign assets will require restrictions on capital …
Persistent link: https://www.econbiz.de/10005407807