Showing 1 - 10 of 14
I combine two fields of research on default prediction by empirically testing a bankruptcy prediction function where unlisted firms are evaluated on the basis of both their financial statement analysis and the macroeconomic environment. This combination is found to improve the default prediction...
Persistent link: https://www.econbiz.de/10011968236
In this paper, we discuss the new aspects of exchange rate policy which can be observed in the emerging market economies and their most likely implications for allocation, distribution and stabilization goals. A special emphasis is put on the Chinese case, where large interventions in the...
Persistent link: https://www.econbiz.de/10010296879
Der vorliegende Diskussionsbeitrag entstand im Rahmen eines Forschungsprojektes über die monetäre Integration von fünf mittel- und osteuropäischen EU-Beitrittskandidaten (Polen, Tschechische Republik, Ungarn, Slowenien und Estland). Das hier vorgestellte Kapitel geht auf die...
Persistent link: https://www.econbiz.de/10010300396
Der vorliegende Beitrag untersucht die Frage nach der Wahl eines optimalen Wechselkursregimes für ausgewählte Transformationsländer (Tschechische Republik, Ungarn, Estland, Slowenien und Polen), die an einer baldigen Aufnahme in die EWWU interessiert sind. Der gewählte Analyseansatz greift...
Persistent link: https://www.econbiz.de/10010300401
Der vorliegende Diskussionsbeitrag entstand im Rahmen eines Forschungsprojektes über die monetäre Integration von fünf mittel- und osteuropäischen EU-Beitrittskandidaten (Estland, Polen, Slowenien, Tschechische Republik und Ungarn). Während die vorangegangenen Kapitel des Projekts die Vor-...
Persistent link: https://www.econbiz.de/10010300402
All Annex B parties but Russia, Australia and USA, have ratified the Kyoto Protocol so far. It is still an open … question whether Russia will ratify and secure that the Protocol enters into force. This paper therefore analyzes consequences … Protocol. Environmentally, implementation of the Kyoto Protocol without participation from Russia and Ukraine is obviously …
Persistent link: https://www.econbiz.de/10011968146
starting point is the uncertainties about future natural gas exports from Russia and LNG-producing countries. Our results …
Persistent link: https://www.econbiz.de/10011968149
Gazprom, the dominant gas company in Russia, is widely believed to be the key supplier of gas to Europe in the …
Persistent link: https://www.econbiz.de/10011968215
Having exports from more than one Russian gas producer has been an important issue in the Russian-EU energy dialogue during the last decade. Nevertheless, in June 2006, Russian Federal law legalized the de facto export monopoly of Gazprom. Political and commercial interests have regularly...
Persistent link: https://www.econbiz.de/10011968264
Russian national welfare. Results show that under the current gas market structures in Europe and Russia, the split-up of … Gazprom's monopoly might not be beneficial for Russia. The market share of Russia in the European market is important in …
Persistent link: https://www.econbiz.de/10011968296