Narrow search
Showing 1 - 10 of 175
Cover Image
Defending against speculative attacks
Danie͏̈ls, Tijmen; Jager, Henk; Klaassen, Franc - 2009
While virtually all currency crisismodels recognise that the fate of a currency peg depends on how tenaciously policy makers defend it, they seldom model how this is done. We incorporate themechanics of speculation and the interest rate defence against it in the model ofMorris and Shin (American...
Persistent link: https://www.econbiz.de/10003814475
Cover Image
When, how fast and by how much do trade? : costs change in the Euro area?
Herwartz, Helmut (contributor); Weber, Henning (contributor) - 2008
Microfoundations of the euro's effect on euro area trade hinge on the timing, the speed and the size of adjustment in … at the sector level. We find that, due to falling trade costs, trade within the euro area increases between the years … 2000 and 2003 by 10 to 20 percent compared with trade between European countries that are not members of the euro area …
Persistent link: https://www.econbiz.de/10003770823
Cover Image
Macro wine in financial skins : the Oil-FX interdependence
Weber, Enzo (contributor) - 2008
This paper analyses mutual causalities between crude oil price and euro / US dollar exchange rate. Instead of focusing …
Persistent link: https://www.econbiz.de/10003727689
Cover Image
Macroeconomic regime switches and speculative attacks
Maćkowiak, Bartosz (contributor) - 2006
This paper explains a currency crisis as an outcome of a switch in how monetary policy and fiscal policy are coordinated. The paper develops a model of an open economy in which monetary policy starts active, fiscal policy starts passive and, in a particular state of nature, monetary policy...
Persistent link: https://www.econbiz.de/10003324417
Cover Image
The economics of TARGET2 balances
Bindseil, Ulrich; König, Philipp Johann - 2011
the importance of TARGET2 for the stability of the euro area and points out that the proposal to limit the size of TARGET2 …
Persistent link: https://www.econbiz.de/10009156485
Cover Image
The European debt crisis : how did we get into this mess? ; how can we get out of it?
Burda, Michael C. - 2013
that assessment. -- euro sovereign debt ; NEURO ; European integration …
Persistent link: https://www.econbiz.de/10009738257
Cover Image
A generalized ARFIMA process with Markov-switching fractional differencing parameter
Tsay, Wen-jen (contributor); Härdle, Wolfgang (contributor) - 2007
We propose a general class of Markov-switching-ARFIMA processes in order to combine strands of long memory and Markov-switching literature. Although the coverage of this class of models is broad, we show that these models can be easily estimated with the DLV algorithm proposed. This algorithm...
Persistent link: https://www.econbiz.de/10003633683
Cover Image
Time series modelling with semiparametric factor dynamics
Borak, Szymon; Härdle, Wolfgang; Mammen, Enno; Park, … - 2007
High-dimensional regression problems which reveal dynamic behavior are typically analyzed by time propagation of a few number of factors. The inference on the whole system is then based on the low-dimensional time series analysis. Such highdimensional problems occur frequently in many different...
Persistent link: https://www.econbiz.de/10003633687
Cover Image
From animal baits to investors' preference : estimating and demixing of the weight function in semiparametric models for biased samples
Ritov, Ya'acov (contributor); Härdle, Wolfgang (contributor) - 2007
We consider two semiparametric models for the weight function in a bias sample model. The object of our interest parametrizes the weight function, and it is either Euclidean or non Euclidean. One of the models discussed in this paper is motivated by the estimation the mixing distribution of...
Persistent link: https://www.econbiz.de/10003633700
Cover Image
Statistics of risk aversion
Giacomini, Enzo (contributor); Härdle, Wolfgang (contributor) - 2007
Persistent link: https://www.econbiz.de/10003633711