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Going Offshore : Investments in German Wind Energy Under Uncertainty
Chen, Yu-Fu - 2015
Employing a continuous-time real options modeling framework, this paper scrutinizes the incentives to invest in German offshore wind farms. The focus of the analysis is the mode of action of the German feed-in tariff system for offshore wind energy deployment. The numerical results reveal that...
Persistent link: https://www.econbiz.de/10013019855
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Threshold effects and regional economic growth – Evidence from West Germany
Funke, Michael; Niebuhr, Annekatrin - 2001
We study an overlapping generations model of human capital accumulation with threshold effects using regional data for West Germany. Our basic goal is to shed light on the growth of West German regions. The paper finds that the relative income distribution appears to be stratifying into a...
Persistent link: https://www.econbiz.de/10010295576
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Spatial R&D spillovers and economic growth: Evidence from West Germany
Funke, Michael; Niebuhr, Annekatrin - 2000
The paper bases itself on recent theoretical writings in growth economics that empha-size the effects of both own R&D efforts and of interregional technology spillovers on regions´ productivity. We propose robust estimation techniques to evaluate the R&D spillovers across West German functional...
Persistent link: https://www.econbiz.de/10010295614
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Pegging the Renminbi to a Basket - Facts, Prospects and Consequences
Oksanen, Heikki - CESifo - 2010
Seoul Summit on 11-12 November 2010, China committed to further reform the RMB exchange rate regime. We discuss here what a … genuine basket peg could mean for China, with the view that the weight for the EUR should obviously be significantly increased …, the SDR being a strong option for practical implementation. This would also have a positive impact on the EU. China …
Persistent link: https://www.econbiz.de/10008799734
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Management of the External Value of the Renminbi
Oksanen, Heikki - CESifo - 2015
Pegging the renminbi (RMB) to the US dollar since 1994 has characterised China’s exchange rate policy, under either a … suitable intermediary exchange rate regime for China as the risks of jumping to free floating are still great. Diversifying …
Persistent link: https://www.econbiz.de/10011272624
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The Undisclosed Renminbi Basket: Are the Markets Telling us something about where the Renminbi – US Dollar Exchange Rate is Going?
Funke, Michael; Gronwald, Marc - CESifo - 2008
On 21 July 2005 China adopted an undisclosed basket exchange rate regime. We formally assess and envisage the gradual …
Persistent link: https://www.econbiz.de/10005765921
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Management of the External Value of the Renminbi
Oksanen, Heikki - 2015
Pegging the renminbi (RMB) to the US dollar since 1994 has characterised China's exchange rate policy, under either a … suitable intermediary exchange rate regime for China as the risks of jumping to free floating are still great. Diversifying …
Persistent link: https://www.econbiz.de/10013023116
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Pegging the Renminbi to a Basket – Facts, Prospects and Consequences
Oksanen, Heikki - 2013
Seoul Summit on 11-12 November 2010, China committed to further reform the RMB exchange rate regime. We discuss here what a … genuine basket peg could mean for China, with the view that the weight for the EUR should obviously be significantly increased …, the SDR being a strong option for practical implementation. This would also have a positive impact on the EU. China …
Persistent link: https://www.econbiz.de/10013094115
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The Undisclosed Renminbi Basket : Are the Markets Telling Us Something About Where the Renminbi-US Dollar Exchange Rate is Going?
Funke, Michael - 2013
On 21 July 2005 China adopted an undisclosed basket exchange rate regime. We formally assess and envisage the gradual …
Persistent link: https://www.econbiz.de/10012753619