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FATORES POLÍTICOS E INSTITUCIONAIS: IMPACTOS SOBRE PARADAS BRUSCAS DE FINANCIAMENTO EXTERNO

Barbosa, Cristiano Prado Martins - Associação dos Centros de Pós-Graduação em … - 2004

The literature of international economy recognizes the importance of political factors over the national economy's performance and over the likelihood of external crises. Some recent studies analyze the impact of these factors over the financial crises and speculative attacks, but little has...

Persistent link: https://www.econbiz.de/10004968578

Monetary approach to inflation: A medium-term structural model in a small open economy (the case of the Czech Republic in 1996-2004)

Arlt, Josef; Kodera, Jan; Mandel, Martin; Tomšík, … - In: Politická ekonomie 2006 (2006) 3

The paper analyses a relationship between monetary aggregate M2 and inflation in a small open economy. The relationship … between monetary expansion and inflation as well as a dynamic of income velocity of money framework in a small open economy … money and tradables inflation in the case of the Czech small open economy is not found. The conclusions presented in the …

Persistent link: https://www.econbiz.de/10005036707

Integração financeira e autonomia de política monetária : investigando relações de causalidade para a economia brasileira, 1990 - 2005

Marques, André M.; Fochezatto, Adelar - In: Economia e sociedade : revista do Instituto de Economia … 15 (2006) 2, pp. 295-325

Persistent link: https://www.econbiz.de/10003573111

Monetary Cycle Theory, Debt Problem and Financial Crises

Dvořák, Pavel - In: Politická ekonomie 2007 (2007) 2, pp. 183-205

In attempts to explain the mechanism of a financial crisis of the third generation, the basic problem is to specify the basic causes of its emergence. In the text of the paper we have formulated a hypothesis saying that the basic cause of the emergence of a systemic financial crisis of the Asian...

Persistent link: https://www.econbiz.de/10005036584

INTEGRAÇÃO FINANCEIRA E AUTONOMIA DE POLÍTICA MONETÁRIA: INVESTIGANDO RELAÇÕES DE CAUSALIDADE PARA A ECONOMIA BRASILEIRA EM ÉPOCA RECENTE

Marques, André M.; Fochezatto, Adelar - Associação dos Centros de Pós-Graduação em … - 2004

In the last two decades the financial integration between countries arose. In consequence appeared questions on different degrees of autonomy of monetary politics of these countries. The traditional sight is that interest rate is determined by offer and demand of loaned funds and that the...

Persistent link: https://www.econbiz.de/10005085918

Effect of Intraday Information Flow on the Emerging European Stock Markets

Hanousek, Jan; Kočenda, Evžen - In: Politická ekonomie 2010 (2010) 4, pp. 435-457

We analyze effect of intraday information flow in three emerging EU stock markets-the Czech Republic, Hungary, and Poland. We use five-minute intraday data on stock market index returns and 15 types of EU and U.S. macroeconomic announcements during 2004-2007. We measure each announcement as its...

Persistent link: https://www.econbiz.de/10008564638

Interest rate differentials and the debt in the euro-zone

Kubíček, Jan - In: Politická ekonomie 2006 (2006) 6, pp. 816-833

eurozone. First, it is shown that there exist systematic inflation and real interest rate differentials among the member … countries. These differentials reach up to 3 percentage points per year between the high inflation countries (e.g. Ireland) and … the low inflation ones (e.g. Germany). Different rates of growth of private or total domestic debt in individual countries …

Persistent link: https://www.econbiz.de/10005036596

Comparing the Convergence of Czech Economy with Selected Euro Zone Members Using Impulse-Response Functions and Supply and Demand Shocks

Hušek, Roman; Formánek, Tomáš - In: Politická ekonomie 2011 (2011) 3, pp. 291-309

Our paper focuses on the analysis of supply and demand shocks and on the estimation of expected costs of introducing Euro currency into Czech Republic (CR). The analysis is based on the theory of optimal currency areas by Mundell (1961, 1973) and uses a macroeconomic approach formalized by...

Persistent link: https://www.econbiz.de/10009147149

The risk of currency crisis in the period of participating in exchange rate mechanism ERM II

Helísek, Mojmír - In: Politická ekonomie 2008 (2008) 3, pp. 380-403

In the course of exchange rate development history of the countries taking part and evaluated in ERM or ERM II before they entered the euro-area there was no depreciating evolution with a trend to currency crisis at all. Fundamental indicators of these economies, partly owing to the compliance...

Persistent link: https://www.econbiz.de/10008754971

CÂMBIO, INFLAÇÃO E JUROS NA TRANSIÇÃO DO REGIME CAMBIAL BRASILEIRO: UMA ANÁLISE DE VETORES AUTO-REGRESSIVOS E CAUSALIDADE

Cardoso, Carlos de Almeida; Vieira, Flávio Vilela - Associação dos Centros de Pós-Graduação em … - 2004

existence of changes in the interaction of exchange rate, interest rates and inflation. It also examines to what extent one can … exchange rate as a fundamental instrument of macroeconomic policy since it reveals close links with price (inflation) behavior …

Persistent link: https://www.econbiz.de/10005085898