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Lee, Grace HY; M, Azali - Volkswirtschaftliche Fakultät, … - 2010

and country-specific shocks. The importance of a common regional shock would provide a case for a regional common currency …

Persistent link: https://www.econbiz.de/10011112397

ISSUING POLICIES IN CURRENCIES DENOMINATED IN EUROS AND EUROCENTS

Novak, Branko; Matić, Branko; Stjepanović, Slobodanka - Volkswirtschaftliche Fakultät, … - 2003

Globalization and strengthening of integration processes have, among other things, also influenced some solutions relating to monetary sovereignty of particular countries. A great number of transition countries as well as some other underdeveloped countries are facing both inefficiency in their...

Persistent link: https://www.econbiz.de/10005620044

Assessing financial vulnerability, an early warning system for emerging markets: Introduction

Reinhart, Carmen; Goldstein, Morris; Kaminsky, Graciela - Volkswirtschaftliche Fakultät, … - 2000

This study analyzes and provides empirical tests of early warning indicators of banking and currency crises in emerging economies. The aim is to identify key empirical regularities in the run-up to banking and currency crises that would enable officials and private market participants to...

Persistent link: https://www.econbiz.de/10005836789

Integration, decoupling and the global financial crisis: A global perspective

Miankhel, Adil Khan; Kalirajan, Kaliappa; Thangavelu, … - Volkswirtschaftliche Fakultät, … - 2010

The recent global recession requires policy makers to identify the relative importance of shock transmission mechanisms … mortgage crisis shock originated in the real sector (falling US housing prices) and was transmitted through trade variables … shock did not spread widely to other regions. Even in the MERCOSUR and SAARC, due to limited goods exports exposure to the …

Persistent link: https://www.econbiz.de/10008533255

Capital flows and saving in Latin America and Asia: A reinterpretation

Reinhart, Carmen; Talvi, Ernesto - Volkswirtschaftliche Fakultät, … - 1998

Both theory and the empirical evidence for a broad range of countries have identified a negative relationship between domestic and foreign saving. Still, based on the experience of the 1990s, a popular view has emerged that domestic and foreign saving are positively related in Asia and...

Persistent link: https://www.econbiz.de/10005616557

Leading Indicators of Currency Crises

Reinhart, Carmen; Kaminsky, Graciela; Lizondo, Saul - Volkswirtschaftliche Fakultät, … - 1998

This papers examines the empirical literature on currency crises and proposes a specific early warning system. This system involves monitoring the evolution of several indicators that tend to exhibit unusual behaviorin the periods preceding a crisis. When an indicator exceeds a certain threshold...

Persistent link: https://www.econbiz.de/10005619554

Output Fluctuations and Monetary Shocks: Evidence from Colombia

Reinhart, Carmen; Reinhart, Vincent - Volkswirtschaftliche Fakultät, … - 1991

Using annual data for Colombia over the last 30 years, we test competing theories that explain macroeconomic fluctuations: the neoclassical synthesis, which posits that in the presence of temporary price rigidity, an unanticipated monetary expansion produces output gains that erode over time...

Persistent link: https://www.econbiz.de/10005621206

Labor wedges and open economy puzzles

Karabarbounis, Loukas - Volkswirtschaftliche Fakultät, … - 2010

A parsimonious model with home production, estimated to match moments of the “labor wedge,” explains prominent puzzles of the international business cycle. If market and home activity are substitutes, then the measured labor wedge increases whenever market consumption and employment...

Persistent link: https://www.econbiz.de/10009149428

Business cycle synchronization during US recessions since the beginning of the 1870's

Antonakakis, Nikolaos - Volkswirtschaftliche Fakultät, … - 2012

This paper examines the synchronization of business cycles across the G7 countries during US recessions since the 1870's. Using a dynamic measure of business cycle synchronization, results depend on the globalisation period under consideration. On average, US recessions have significantly...

Persistent link: https://www.econbiz.de/10011110921

La Politique de Ciblage d’Inflation et “Pass-through” du Taux de Change : Une Analyse en Modèle Panel VAR dans le cadre des Pays Emergents

Kadria, Mohamed; Djelassi, Mouldi - Volkswirtschaftliche Fakultät, … - 2012

This research paper has attempted to analyze the nature of the leverage exerted by the inflation targeting (IT) policy on the pass-through effect in emerging countries. In other words, we tried to answer to the question of whether a climate of low inflation in these countries through the...

Persistent link: https://www.econbiz.de/10011113352

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