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Callahan, Gene; Hoffmann, Andreas - Volkswirtschaftliche Fakultät, … - 2015

Discerning family resemblances in the world of theories can be useful for several reasons. For one thing, noticing that two theories share the traits of a family of theories may help us to understand each of them better. Secondly, noticing the family resemblances may help us to model them more...

Persistent link: https://www.econbiz.de/10011156949

Credit Expansion, the Prisoner´s Dilemma, and Free Banking as Mechanism Design

van den Hauwe, Ludwig - Volkswirtschaftliche Fakultät, … - 2008

Despite the distinctive character of the Austrian approach to “microfoundations for macroeconomics”, the literature on free banking contains a number of arguments which make use of game-theoretic concepts and models such as the well-known Prisoner´s Dilemma model. While there can be no...

Persistent link: https://www.econbiz.de/10011267869

Credit Expansion, the Prisoner´s Dilemma, and Free Banking as Mechanism Design

van den Hauwe, Ludwig - Volkswirtschaftliche Fakultät, … - 2008

Persistent link: https://www.econbiz.de/10005622098

Review of Huerta de Soto´s `Money, Bank Credit, and Economic Cycles´

van den Hauwe, Ludwig - Volkswirtschaftliche Fakultät, … - 2006

This article reviews the first English edition of Prof. Jesús Huerta de Soto´s book `Dinero, Crédito Bancario y Ciclos Económicos´ which first appeared in Spain in 1998.

Persistent link: https://www.econbiz.de/10005789323

The Drama Revisited

van den Hauwe, Ludwig - Volkswirtschaftliche Fakultät, … - 2000

Capital-based business cycle theory identifies monetary mismanagement as a major source of economy-wide distortions in the intertemporal allocation of resources by focusing on the relative-price effects - and the corresponding quantity adjustments - of a monetary disturbance, as compared to...

Persistent link: https://www.econbiz.de/10005260212

Zwei makroökonomische Koordinationsprobleme

Schlicht, Ekkehart - Volkswirtschaftliche Fakultät, … - 1983

für die Konjunkturtheorie auf. …

Persistent link: https://www.econbiz.de/10011019474

Terms of Trade Volatility and Economic Growth in Sub-Saharan Africa

Awel, Ahmed Mohammed - Volkswirtschaftliche Fakultät, … - 2012

This paper investigated the effect of terms of trade growth and its volatility on economic growth in Sub-Saharan Africa … effect on economic growth. Furthermore, the result proved that volatility of net barter terms of trade and income terms of … volatility measures. …

Persistent link: https://www.econbiz.de/10011107298

Volatility Transmission of Overnight Rate along the Yield Curve in Pakistan

Mahmood, Asif - Volkswirtschaftliche Fakultät, … - 2014

This paper presented the empirical results of the volatility transmission of overnight rate along the yield curve in … case of Pakistan. The results indicate that the volatility transmission of overnight repo rate is higher at the shorter end … underpinning of the interest rates volatility transmission process found in other countries. Moreover, the results also suggest …

Persistent link: https://www.econbiz.de/10011107405

Volatility and causality study of the daily returns on the Bucharest Stock Exchange during 2007-2011

Panait, Iulian; Slavescu, Ecaterina Oana - Volkswirtschaftliche Fakultät, … - 2011

International capital markets tend to be characterized by volatility, which is always a function of world economic and … Exchange was different during the crisis and after the crisis and how the volatility of the Romanian market changed in the post …

Persistent link: https://www.econbiz.de/10011107424

Real and financial sector interaction under liberalisation in an open developing economy

Goyal, Ashima; Dash, Shridhar - Volkswirtschaftliche Fakultät, … - 2000

A short-run model incorporates instantaneous portfolio equilibrium with macroeconomic flows to clarify the structure of real-financial sector interactions. If equity and foreign exchange markets are introduced in structuralist theories of asset markets in developing countries, the key result...

Persistent link: https://www.econbiz.de/10011107584