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The Fatter the Tail, the Fatter the Climate Agreement - Simulating the Influence of Fat Tails in Climate Change Damages on the Success of International Climate Negotiations
Dekker, Thijs; Dellink, Rob; Ketterer, Janina - 2021
International climate negotiations take place in a setting where uncertainties regarding the impacts of climate change …
Persistent link: https://www.econbiz.de/10013315816
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Conditional Volatility and Correlations of Weekly Returns and the VaR Analysis of 2008 Stock Market Crash
Pesaran, Bahram - 2013
making and risk management. Over the past three decades there has been a trend towards increased asset return correlations … models proposed in the literature can be used to formally characterize and quantify market risk. In particular, we ask how … adequate these models are for modelling market risk at times of financial crisis. In doing so we consider a multivariate t …
Persistent link: https://www.econbiz.de/10013094817
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Exchange Rate Uncertainty and International Portfolio Flows
Caporale, Guglielmo Maria - 2013
is negative in all countries except Canada (where it is positive) in the case of bond flows. Under the assumption of risk …
Persistent link: https://www.econbiz.de/10013081704
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Moderating Political Extremism : Single Round vs. Runoff Elections under Plurality Rule
Bordignon, Massimo - 2009
We compare single ballot vs dual ballot elections under plurality rule, assuming sincere voting and allowing for partly endogenous party formation. Under the dual ballot, the number of parties is larger but the influence of extremist voters on equilibrium policy is smaller, because their...
Persistent link: https://www.econbiz.de/10012763997
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More than Thirty Years of Ultimatum Bargaining Experiments : Motives, Variations, and a Survey of the Recent Literature
Güth, Werner; Kocher, Martin G. - 2021
Take-it or leave-it offers are probably as old as mankind. Our objective here is, first, to provide a, probably subjectively-colored, recollection of the initial ultimatum game experiment, its motivation and the immediate responses. Second, we discuss important extensions of the standard...
Persistent link: https://www.econbiz.de/10013315721
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Potentially Harmful International Cooperation on Global Public Good Provision
Buchholz, Wolfgang; Cornes, Richard C.; Rübbelke, Dirk … - 2021
Recent international climate negotiations suggest that complete agreements are unlikely to materialize. Instead …
Persistent link: https://www.econbiz.de/10013315882
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Exchange Rate Expectations of Chartists and Fundamentalists
Dick, Christian David - 2013
This paper provides novel evidence on exchange rate expectations of both chartists and fundamentalists separately. These groups indeed form expectations differently. Chartists change their expectations more often; however, all professionals' expectations vary considerably as they generally...
Persistent link: https://www.econbiz.de/10013083266
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Short-Term and Long-Term Growth Effects of Exchange Rate Adjustment
Kočenda, Evžen - 2013
The European sovereign debt crisis revived the discussion concerning the pros and cons of exchange rate adjustment in the face of asymmetric shocks. Exit from the euro area is to regain rapidly international competitiveness. Exchange rate stability with structural reforms could be beneficial for...
Persistent link: https://www.econbiz.de/10013089423
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Exchange Rate Dynamics Under Alternative Optimal Interest Rate Rules
Binici, Mahir - 2013
demonstrates the role of the foreign exchange risk premium in determining exchange rates and the difficulty of explaining exchange …
Persistent link: https://www.econbiz.de/10013092385
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International Financial Market Integration, Asset Compositions, and the Falling Exchange Rate Pass-Through
Enders, Almira - 2018
This paper provides an explanation for the observed decline of the exchange rate pass-through into import prices by modeling the effects of financial market integration on the optimal choice of the pricing currency in the context of rigid nominal goods prices. Contrary to previous literature, we...
Persistent link: https://www.econbiz.de/10012933708