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Are Entrepreneurs Aware of Covered Interest Parity and Dollar Shortage?
Nariman, Farhad; Heshmati, Almas - 2022
The purpose of this study is demonstrating why entrepreneurs should monitor the broad dollar index. This paper explains the reason why the broad dollar index has become a risk (leverage) gauge since 2008 using the Covered Interest Parity (CIP). CIP can be viewed as a reflection of the shadow...
Persistent link: https://www.econbiz.de/10013351755
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Employment, exchange rates and labour market rigidity
Alexandre, Fernando; Bação, Pedro; Cerejeira, João; … - 2010
There is increasing evidence that the interaction between shocks and labour market institutions is crucial to understanding the dynamics of employment. In this paper, we show that the inclusion of labour adjustment costs in a trade model affects the impact of exchange rate movements on...
Persistent link: https://www.econbiz.de/10010269855
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The Role of the Exchange Rate Regime in the Process of Real and Nominal Convergence
D'Adamo, Gaetano; Rovelli, Riccardo - 2013
the same increase in the dual productivity growth (that is, the difference in productivity growth between the traded and … expected as a consequence of productivity convergence on the basis of the B-S effect. …
Persistent link: https://www.econbiz.de/10010328933
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The Role of the Exchange Rate Regime in the Process of Real and Nominal Convergence
D'Adamo, Gaetano; Rovelli, Riccardo - Institute for the Study of Labor (IZA) - 2013
the same increase in the dual productivity growth (that is, the difference in productivity growth between the traded and … expected as a consequence of productivity convergence on the basis of the B-S effect. …
Persistent link: https://www.econbiz.de/10011128045
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Does openness to international financial flows contribute to productivity growth?
Kose, M. Ayhan; Prasad, Eswar S.; Terrones, Marco E. - 2008
Economic theory has identified a number of channels through which openness to international financial flows could raise … productivity growth. However, while there is a vast empirical literature analyzing the impact of financial openness on output … growth, far less attention has been paid to its effects on productivity growth. This paper provides a comprehensive analysis …
Persistent link: https://www.econbiz.de/10010268841
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Exchange Rate Volatility Effects on the German Labour Market: A Survey of Recent Results and Extensions
Buscher, Herbert S.; Mueller, Claudia - 1999
In this paper, a survey on theoretically expected and empirically proved impacts of exchange rate volatility is given. With regard to the West German unemployment, the effects of volatility are empirically analysed using three different volatility measures and four country groups. In...
Persistent link: https://www.econbiz.de/10010262270
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Real Options Effects on Employment : Does Exchange Rate Uncertainty Matter for Aggregation?
Göcke, Matthias; Belke, Ansgar - 2004
In a baseline micro model a band of inaction due to hiring- and firing-costs is widened by option value effects of exchange rate uncertainty. Based on this micro foundation an aggregation approach is presented. Under uncertainty, intervals of weak response to exchange rate reversals (called...
Persistent link: https://www.econbiz.de/10010261879
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The Impact of the Unemployment Benefit System on International Spillover Effects
Beissinger, Thomas; Büsse, Oliver - 2003
Based on a two-country model it is scrutinized how the structure of the unemployment benefit system affects the consequences of idiosyncratic labor market shocks on real wages and unemployment in other countries. International spillover effects are caused by changes in world real income. The...
Persistent link: https://www.econbiz.de/10010262240
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Bismarck versus Beveridge: Which Unemployment Compensation System is More Prone to Labor Market Shocks?
Beissinger, Thomas; Buesse, Oliver - 2001
Based on a model with imperfectly competitive labor and product markets the real consequences of labor market shocks for economies with either an earnings-related or flatrate unemployment compensation system are considered. A distinctive feature of the analysis is the comparison of both...
Persistent link: https://www.econbiz.de/10010262567
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The Impact of Labor Market Reforms on Capital Flows, Wages and Unemployment
Beissinger, Thomas - 2001
The paper contributes to the globalization debate by scrutinizing the international spillover effects which are provoked if a single country reduces the generosity of the unemployment compensation system or weakens labor union power. For this purpose a two-country model with imperfect...
Persistent link: https://www.econbiz.de/10010262594