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Recent literature has attempted to apply Extreme Value Theory (EVT) in the identification of currency crises. However, these approaches seem to have confused the thresholds in extreme modeling with the cutoffs of currency crises. Our paper proposes a Return Level Identification Approach, also...
Persistent link: https://www.econbiz.de/10010743996
world market clearing conditions for tradables into a new theoretic model, analyzes net capital flow movements between …
Persistent link: https://www.econbiz.de/10010573397
Based on 69 sample countries, this paper examines the effect of macroeconomic fundamentals on real effective exchange rates (REER) in these sample countries. Using the misalignment of actual REER from its equilibrium level, we have estimated the factors explaining the extent of currency over- or...
Persistent link: https://www.econbiz.de/10011048948
Resolution and conclusions of the 101st Session of the International Labour Conference, Geneva, 2012. [ILO].
Persistent link: https://www.econbiz.de/10010945251
RBI has taken several steps to improve the processing of data. Information system will also be enhanced very soon. [Remarks at Reserve Bank of India at the 8th Statistics Day Conference, Mumbai].
Persistent link: https://www.econbiz.de/10010945491
We examine return and volatility spillovers between China and world oil markets. This topic is of great importance … because China is the world's second-largest oil importer and has exhibited substantial growth in oil consumption. Extending … China and world oil markets are bi-directional and asymmetric. The Chinese oil market is highly affected by world oil …
Persistent link: https://www.econbiz.de/10010931012
This paper adopts quantile regression to investigate the impact of the 2008 financial crisis on housing prices at difference price levels in China and Taiwan, and employs data from the period July 2005–December 2010. According to the empirical results, the ordinary least squares estimates are...
Persistent link: https://www.econbiz.de/10010931052
The Financial Crisis of 2007-2008 and the Great Recession of 2007-2009 are now in the past. Again there was the debt crisis of 2010-11. During the worst of the recent financial crisis/Great Recession many observers made comparisons between that event and the Great Depression. The lecture...
Persistent link: https://www.econbiz.de/10010541084
Substantial international aid is spent reducing the cost of contraception in developing countries, as part of a larger effort to reduce global fertility and increase investment per child worldwide. The importance for fertility behaviors of keeping contraceptive prices low, however, remains...
Persistent link: https://www.econbiz.de/10009319330
The current global financial crisis has reopened an old debate on the international monetary system by baring weaknesses and flaws that have long been known. The debate is centred on both stability and equity. International co-operation is necessary to resolve a complex interplay of several...
Persistent link: https://www.econbiz.de/10009391605