Showing 1 - 10 of 770
predictions of the theory …
Persistent link: https://www.econbiz.de/10014396348
Persistent link: https://www.econbiz.de/10010523291
Persistent link: https://www.econbiz.de/10014409758
volatility creates risks to service provision, possibly entailing sudden tax changes, or even requiring new borrowing. After … describing the risks associated with aging, the paper uses value at risk techniques to measure the value of the unanticipated … fiscal savings (reserves), and the impact alternate policy choices could have on revenue volatility …
Persistent link: https://www.econbiz.de/10014400988
time-varying risk. Some work by Abel provided us with the insights needed to produce such formulas. This paper gives a …
Persistent link: https://www.econbiz.de/10014396175
Persistent link: https://www.econbiz.de/10010523118
This study analyzes the impact of regional cross-listing of stocks on the depth of the stock markets in sub-Saharan Africa (SSA). It analyzes data from 1990 to 2007 for a panel of 13 stock markets in SSA countries, only some of which have regional cross-listings. Using event study methodology,...
Persistent link: https://www.econbiz.de/10005769177
This paper presents an update to the Financial System Stability Assessment on Morocco. Major reforms have been achieved since the 2002 Financial Sector Assessment Program (FSAP) within a policy of actively promoting economic and financial sector opening. The 2002 FSAP recommendations have been...
Persistent link: https://www.econbiz.de/10011244108
This paper seeks to advance the discussion of monetary policy strategies in several ways. One involves a comparison of targets for nominal GNP and the price level, with emphasis on specificational robustness and implications for output variability. A second pertains to various “indicator”...
Persistent link: https://www.econbiz.de/10014396173
This paper examines the dynamics of the foreign exchange market. The first half addresses a number of key questions regarding the forecasts of future exchange rates made by market participants, by means of updated estimates using survey data. Here we follow most of the theoretical and empirical...
Persistent link: https://www.econbiz.de/10014396182