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A Model of Monetary Equilibrium with Random Output and Restricted Borrowing
Mierzejewski, Fernando - 2010
An alternative theoretical setting is presented to characterise the money demand and the monetary equilibrium. Two main hypotheses are stated that contradict the assumptions normally sustained by scholars and policy-makers: National output is assumed to be a random variable, and people are...
Persistent link: https://www.econbiz.de/10013148534
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In the Shadow of the United States: The International Transmission Effect of Asset Returns
Chang, Kuang Liang; Chen, Nan Kuang; Leung, Charles Ka Yui - Volkswirtschaftliche Fakultät, … - 2011
We examine how the fluctuations in financial and housing markets in U.S. affect the asset returns and GDP in Hong Kong. In contrast to the results from linear specifications, which concludes that the U.S. and Hong Kong are virtually delinked in terms of the asset markets, our regime-switching...
Persistent link: https://www.econbiz.de/10009220671
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Zimbabwe’s Currency Crisis: Which Currency To Adopt In The Aftermath Of The Multi-Currency Regime?
Makochekanwa, Albert - Volkswirtschaftliche Fakultät, … - 2009
The study presented main features of possible currency options which can be potentially adopted by Zimbabwe in the aftermath of multi-currency regime. The currency options analyzed are dollarization, joining the CMA and re-introduction of the Zimbabwe dollar (Z$). The proposed management systems...
Persistent link: https://www.econbiz.de/10008516565
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Currency Board: From Stabilization to Full Dollarization? The Argentine Experience
Ferro, Gustavo - Volkswirtschaftliche Fakultät, … - 2001
The aim of this work is to present in a systematic way elements around the debate on the persistence of a central bank arrangement, currency boards or the Dollarization option. In some special circumstances, both later arrangements could be desirable. They are not a universal panacea in the way...
Persistent link: https://www.econbiz.de/10005042700
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Inflation, Growth and Exchange Rate Regimes in Small Open Economies
Hernandez-Verme, Paula - Volkswirtschaftliche Fakultät, … - 2002
Summary. This is an extended working paper version of the paper that appeared in Economic Theory. It paper compares the merits of alternative exchange rate regimes in small open economies where financial intermediaries perform a real allocative function, there are multiple reserve requirements,...
Persistent link: https://www.econbiz.de/10005037728
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Sobre la Elección de Regímenes de Tipo de Cambio en Economías Emergentes
Adamcik, Santiago - Volkswirtschaftliche Fakultät, … - 2008
This paper discusses that a lot of the debate on selecting an exchange rate regime misses the time. It begins explaining the standard theory of choice between exchange rate regimes, and then explores the fragilities in this theory, specifically when this is applied to emerging economies. Next...
Persistent link: https://www.econbiz.de/10005619696
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Hard peg and monetary unions.Main lessons from the Argentine experience
Carrera, Jorge Eduardo - Volkswirtschaftliche Fakultät, … - 2004
Currency board (CB) was a corner solution for Argentine hyperinflation, however its balance is controversial. How does a CB work as a long run regime? After evaluating the result of ten years CB regime, we obtain important lessons for a monetary union and for dollarization proposals. We discuss:...
Persistent link: https://www.econbiz.de/10005789269
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ERAWATCH Country Reports 2013: Bulgaria
Chobanova, Rossitsa - Volkswirtschaftliche Fakultät, … - 2014
The Republic of Bulgaria has been a Member State of the European Union since 2007. Its economic development has been …) continues to erode the growth potential. GDP per capita is 47% of EU28 (2012). In 2012 R&D spending in Bulgaria grew in absolute …. The Global Competitiveness Report 2012-2013 of the World Economic Forum ranks Bulgaria 97th of a total of 144 countries in …
Persistent link: https://www.econbiz.de/10011212221
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Quality labeling and information asymmetry: identification of quality labeling certification schemes in Bulgaria
Nikolov, Bogomil; Vassileva, Elka; Ivanova, Daniela - Volkswirtschaftliche Fakultät, … - 2010
claims. An identification and analysis of third parties quality labelling schemes in Bulgaria is presented. Discussion … practices in Bulgaria. …
Persistent link: https://www.econbiz.de/10011259052
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Gender Segregation on the Labour Market: Roots, Implications and Policy Responses in Bulgaria
Beleva, Iskra - Volkswirtschaftliche Fakultät, … - 2008
The author outlines that gender segregation in employment are relatively new for Bulgaria, and there are not many … Bulgaria in particular, the percentage of employed in the “unregistered/grey sector” is not low, since according to same …
Persistent link: https://www.econbiz.de/10011259936