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Identifying the weights in exchange market pressure

Klaassen, Franc - 2011

Exchange market pressure (EMP) measures the pressure on a currency to depreciate. It adds to the actual depreciation a weighted combination of policy instruments used to ward off depreciation, such as interest rates and foreign exchange interventions, where the weights are their effectiveness....

Persistent link: https://www.econbiz.de/10011383120

Bankruptcy codes and risk sharing of currency unions

Wang, Xuan - 2021

Since the Eurozone Crisis of 2010-12, a critical debate on the viability of a currency union has focused on the role of a fiscal union in adjusting for country heterogeneity. However, a fully-fledged fiscal union may not be politically feasible. This paper develops a two-country general...

Persistent link: https://www.econbiz.de/10012421007

The importance of accounting for time trends when estimating the Euro effect on trade

Bun, Maurice J. G.; Klaassen, Franc - 2004

To study the effect of the euro on international goods trade one typically estimates a panel model for the level of … euro is only present at the end of the sample, this may have led to an upward bias in existing euro estimates to help … have different effects across country-pairs. Data on industrialized countries over 1967-2002 show the existing euro effects …

Persistent link: https://www.econbiz.de/10011334328

Has the Euro increased trade?

Bun, Maurice J. G.; Klaassen, Franc - 2002

A major economic reason for the introduction of the euro was its supposedly positive effect on intra-EMU trade …. Existing studies examine this suspicion indirectly using non-EMU data and report ambiguous results. We estimate the euro … euro has significantly increased trade, with an effect of 4% in the first year and cumulating to around 40% in the long …

Persistent link: https://www.econbiz.de/10011327839

Positional power in hierarchies

Brink, René van den; Steffen, Frank - 2007

Power is a core concept in the analysis and design of organisations. In this paper we consider positional power in hierarchies. One of the problems with the extant literature on positional power in hierarchies is that it is mainly restricted to the analysis of power in terms of the bare...

Persistent link: https://www.econbiz.de/10011372509

Is transparency to no avail? : committee decision-making, pre-meetings, and credible deals

Swank, Otto H.; Visser, Bauke - 2007

Transparent decision-making processes are widely regarded as a prerequisite for the working of a representative democracy. It facilitates accountability, and citizens may suspect that decisions, if taken behind closed doors, do not promote their interests. Why else the secrecy? We provide a...

Persistent link: https://www.econbiz.de/10011372992

Separating real incentives and accountability

Vieider, Ferdinand M. - 2008

In experimental investigations of the effect of real incentives, accountability-the implicit or explicit expectation of a decision maker that she may have to justify her decisions in front of somebody else-is often confounded with the incentives themselves. This confounding of accountability...

Persistent link: https://www.econbiz.de/10011376460

Axiomatizations of a positional power score and measure for hierarchies

Brink, René van den; Steffen, Frank - 2008

Power is a core concept in the analysis and design of organizations. One of the problems with the extant literature on positional power in hierarchies is that it is mainly restricted to the analysis of power in terms of the bare positions of the actors. While such an analysis informs us about...

Persistent link: https://www.econbiz.de/10011377381

Identification of voters with interest groups improves the electoral chances of the challenger

Sadiraj, Vjollca; Tuinstra, Jan; Winden, Frans A. A. M. van - 2009

Interest groups are introduced in a spatial model of electoral competition between two political parties. We show that, by coordinating voting behavior,these interest groups increase the winning set, which is defined as the set of policy platforms for the challenger that will defeat the...

Persistent link: https://www.econbiz.de/10011379359

Balanced consistency and balanced cost reduction for sequencing problems

Brink, René van den; Chun, Youngsub - 2010

We investigate the implications of imposing balanced consistency and balanced cost reduction in the context of sequencing problems. Balanced consistency requires that the effect on the payoff from the departure of one agent to another agent should be equal between any two agents. On the other...

Persistent link: https://www.econbiz.de/10011380144