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Trading Costs in East Asia’s Global Value Chains
Lord, Montague J. - Volkswirtschaftliche Fakultät, … - 2014
The WTO’s new Agreement on Trade Facilitation (ATF) will help to reverse the region’s deceleration of overall export growth and, when implemented, could add as much as 3 percent to regional GDP and lift employment across the region by 1.2 percent. In the region’s developing economies,...
Persistent link: https://www.econbiz.de/10011109393
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Trading Costs in East Asia’s Global Value Chains
Lord, Montague J.; Clarke, Julian; Record, Richard; … - Volkswirtschaftliche Fakultät, … - 2014
The World Trade Organization’s new Agreement on Trade Facilitation has the potential to significantly reduce East Asia’s trade costs along the entire supply chain, increasing regional gross domestic product (GDP) by 2.7 percent and employment by 1.2 percent. At present, the region’s...
Persistent link: https://www.econbiz.de/10011110457
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High Frequency Trading and the Warsaw Stock Exchange Fees' Structure - Preliminary Examination
Bławat, Bogusław - Volkswirtschaftliche Fakultät, … - 2012
For the HFT investors the crucial factors of strategy to be applied are the spread value and transaction costs. The goal of our preliminary examination was to see, if the present WSE fee plans are suitable for a typical HFT strategy, like based on statistical arbitrage mean reverse strategy. We...
Persistent link: https://www.econbiz.de/10011257853
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Starting Over: The Automated Payment Transaction Tax
Feige, Edgar L. - Volkswirtschaftliche Fakultät, … - 2001
This paper proposes a 21st century global fiscal architecture to replace the present system of personal and corporate income, sales, excise, capital gains, import and export duties, gift and estate taxes with a single comprehensive revenue neutral Automated Payment Transaction (APT) tax. In its...
Persistent link: https://www.econbiz.de/10005616879
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Transact taxes in a price maker/taker market
Rosenthal, Dale W.R.; Thomas, Nordia Diana Marie - Volkswirtschaftliche Fakultät, … - 2012
We develop a price maker/taker model to study how a financial transaction tax affects markets. We find taxes widen quoted and effective spreads by more than twice the tax. Taxes increase volatility slightly (without intermediation) to significantly (with intermediation). High taxes may halve...
Persistent link: https://www.econbiz.de/10011113391
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Estimation with inequality constraints on the parameters: dealing with truncation of the sampling distribution.
Barnett, William A.; Seck, Ousmane - Volkswirtschaftliche Fakultät, … - 2008
Theoretical constraints on economic-model parameters often are in the form of inequality restrictions. For example, many theoretical results are in the form of monotonicity or nonnegativity restrictions. Inequality constraints can truncate sampling distributions of parameter estimators, so that...
Persistent link: https://www.econbiz.de/10004961522
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Unit Roots in White Noise
Onatski, Alexei; Uhlig, Harald - Volkswirtschaftliche Fakultät, … - 2009
We show that the empirical distribution of the roots of the vector auto-regression of order n fitted to T observations of a general stationary or non-stationary process, converges to the uniform distribution over the unit circle on the complex plane, when both T and n tend to infinity so that...
Persistent link: https://www.econbiz.de/10005837267
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An evaluation of simple forecasting model selection rules
Fildes, Robert; Petropoulos, Fotios - Volkswirtschaftliche Fakultät, … - 2013
, including the size of the pools of methods under consideration, the stability of methods’ performance and the correlation …
Persistent link: https://www.econbiz.de/10011259132
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Stability analysis of Uzawa-Lucas endogenous growth model
Barnett, William A.; Ghosh, Taniya - Volkswirtschaftliche Fakultät, … - 2013
. We examine the stability properties of both versions of the model and locate Hopf and transcritical bifurcation … monotonic stability to damped periodic stability or from damped periodic to damped multiperiodic stability. There are not only … an infinite number of kinds of unstable dynamics, some very close to stability in appearance, but also an infinite number …
Persistent link: https://www.econbiz.de/10011260401
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Central bank independence: monetary policies in selected jurisdictions (I)
Felix, Ayadi; Marianne, Ojo - Volkswirtschaftliche Fakultät, … - 2013
the Fed Reserve' s key macroeconomic objectives - maximum employment and price stability, is notable in several situations … procedures and approvals, could result in more serious problems which would aggravate the stability of the economy and financial … between central bank independence and price stability, as well as how such a relationship varies between different …
Persistent link: https://www.econbiz.de/10011261038