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poor regions. The relationship between personal saving and private investment is insignificant in the U.K. and Germany and …The relationship between regional saving and investment is examined to measure the extent of capital mobility. The … relationship between total regional saving and investment is significantly negative in Canada and the United Kingdom, in contrast …
Persistent link: https://www.econbiz.de/10014398181
The international monetary system is largely the product of negotiations during World War II between U.S. and U …
Persistent link: https://www.econbiz.de/10014399659
In recent years, an inflation targeting framework for monetary policy has been adopted in a number of industrial countries. This paper discusses the practical issues that have arisen under the operation of the new framework, and highlights five features of the framework: the assignment of the...
Persistent link: https://www.econbiz.de/10014403362
yen, and the Canadian dollar. The first two pairs of exchange rates—for which purchasing power parity seems to hold …
Persistent link: https://www.econbiz.de/10014400414
This paper deals with hysteresis in the desired equilibrium exchange rate (DEER) arising from misalignment. When the actual real exchange rate departs from its DEER value, current account realizations--and consequently, debt service obligations--will differ from those assumed in the initial DEER...
Persistent link: https://www.econbiz.de/10014396472
In this paper I apply firm-level analysis to examine how the Brexit process has affected business investment in the UK … had a considerable and statistically significant negative impact on firm investment in the UK after the referendum. At the … same time, the post-referendum sterling depreciation has likely contributed positively to investment expenditure by more …
Persistent link: https://www.econbiz.de/10011978381
This paper provides an overview of key elements of Corporate Bankruptcy Codes and Practice around the world that are …
Persistent link: https://www.econbiz.de/10014403841
Countries compiling quarterly estimates for gross domestic product (GDP) often use alternative approaches simultaneously. This may result in the publication of different measures of quarterly GDP and discrepancies between these measures. Such discrepancies are unavoidable, unless reconciliation...
Persistent link: https://www.econbiz.de/10014401272
The recent media and political attention on service outsourcing from developed to developing countries gives the impression that outsourcing is exploding. As a result, workers in industrial countries are anxious about job losses. This paper aims to establish what are the hypes and what are the...
Persistent link: https://www.econbiz.de/10014402045
Persistent link: https://www.econbiz.de/10009424829