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Explaining the Real Exchange Rate during Sudden Stops and Tranquil Periods
Terada-hagiwara, Akiko - EconWPA - 2005
This paper untangles the causes behind real exchange rate devaluation events with particular attention paid to the Sudden Stop of capital flows. By utilizing cumulative impulse response function and variance decomposition analysis, we argue that there is the asymmetric response across Sudden...
Persistent link: https://www.econbiz.de/10005125513
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Are Asian Real Exchange Rates Stationary?
Liew, Venus Khim-sen; Baharumshah, Ahmad Zubaidi; … - EconWPA - 2003
By applying the newly developed nonlinear stationary test advanced by Kapetanois et al. [Journal of Econometrics 112 (2003) 359 - 379] in examining the stationary property of 11 Asian real exchange rates, this paper rejects unit root in 8 US dollar based and 6 Japanese yen based rates, whereas...
Persistent link: https://www.econbiz.de/10005125552
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THE WORLD ECONOMIES AND DEVELOPMENT GOALS
NWAOBI, DR. GODWIN CHUKWUDUM - EconWPA - 2004
DEVELOPMENT IS THE MOST IMPORTANT CHALLENGE FACING THE HUMAN RACE BUT THE PROCESSES DRIVING ECONOMIC DEVELOPMENT ARE BY NO MEANS FULLY UNDERSTOOD. HOWEVER, THE CORE CHALLENGE FOR DEVELOPMENT IS TO ENSURE PRODUCTIVE WORK AND A BETTER QUALITY OF LIFE FOR ALL THE PEOPLE OF THE WORLD. THIS CHALLENGE...
Persistent link: https://www.econbiz.de/10005125934
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Book Review--Doing Business in Asia’s Booming “China Triangle”
Kumar, Deepak - EconWPA - 2005
Hong Kong banks. • Hong Kong firms employ five million workers in South China and 70% of the foreign investment flows into …
Persistent link: https://www.econbiz.de/10005408008
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Comparison between Asian, Russian and Turkish financial crises
Lukkarila, Johanna - EconWPA - 2004
, ie third generation theories, for the crisis episodes in Asia. It also compares the theories and Asian events to …
Persistent link: https://www.econbiz.de/10005556609
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THE WORLD ECONOMIES AND DEVELOPMENT GOALS:AN ARCHITECTURAL POLICY FRAMEWORK
NWAOBI, DR. GODWIN CHUKWUDUM - EconWPA - 2004
DEVELOPMENT IS THE MOST IMPORTANT CHALLENGE FACING THE HUMAN RACE BUT THE PROCESSES DRIVING ECONOMIC DEVELOPMENT ARE BY NO MEANS FULLY UNDERSTOOD. HOWEVER, THE CORE CHALLENGE FOR DEVELOPMENT IS TO ENSURE PRODUCTIVE WORK AND A BETTER QUALITY OF LIFE FOR ALL THE PEOPLE OF THE WORLD. THIS CHALLENGE...
Persistent link: https://www.econbiz.de/10005118737
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Are Optimal Currency Areas Optimal for All? A Reassessment of the Case for Asian Monetary Union
Saxena, Sweta C. - EconWPA - 2005
This paper is a pioneering attempt to include India with east and Southeast Asia to study the existence of the economic … also recognizes the importance of yen for the success of the monetary union in Asia. …
Persistent link: https://www.econbiz.de/10005119428
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Wavelet Multiresolution Analysis of High-Frequency Asian FX Rates, Summer 1997
LOS, CORNELIS A.; KARUPPIAH, JEYANTHI - EconWPA - 2004
changing political risks, unexpected informational shocks to investment opportunities, and, in particular, investment …
Persistent link: https://www.econbiz.de/10005561603
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Recognizing Investment Opportunities at the Onset of Recoveries
Fioretti, Guido - EconWPA - 2002
Investment decision-making is modeled by means of a Kohonen neural net, where neurons represent firms. This is done in …
Persistent link: https://www.econbiz.de/10005076670
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Aggregate investment dynamics when firms face fixed investment cost and capital market imperfections
Bayer, Christian - EconWPA - 2004
This paper analyzes a model of investment with fixed investment costs and capital market imperfections. In this model … finance influences the level of capital firms hold, as well as the frequency at which they invest. In consequence investment …, when the short-run investment function is estimated, liquidity has a significant impact, which is also strongest for strong …
Persistent link: https://www.econbiz.de/10005076705