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Persistent link: https://www.econbiz.de/10003669855
Paper inquires into historical development of key theoretical concepts related to purchasing power parity in 20th century. It presents theories which explain relation between price level, labor productivity and exchange rate. These theories explain the process of how the long-run equilibrium...
Persistent link: https://www.econbiz.de/10005103171
Persistent link: https://www.econbiz.de/10011853797
Persistent link: https://www.econbiz.de/10011741628
Building upon exhaustive research of extant and often fragmentary contemporary resources, this paper provides a thorough analysis of financial options trading and sales in interwar Czechoslovakia. Whilst focusing primarily on a remarkable bucketshop episode occuring in the late twenties and...
Persistent link: https://www.econbiz.de/10009019524
A number of authors have used the concept of an optimum currency area (or OCA) index to assess the relative proximity … of various pairs of economies to the ideal of an optimum currency area. Alas, a significant deficiency of this approach … late-transition economies to be better prepared for a common currency with Germany than several current euro area members. …
Persistent link: https://www.econbiz.de/10009210902
This paper wants to give a basic overview of arguments for and against of using the financial derivatives tools in the field of foreign exchange risk management. The case study shows, how the separate hedging instruments have impact on P & L statement. This paper discusses different relationship...
Persistent link: https://www.econbiz.de/10009398919
English Abstract: The article deal with optimum currency area (OCA) theory and examines which of the new EU member … candidates for adopting the single currency euro as compared with other EU-10 countries …
Persistent link: https://www.econbiz.de/10013029874
The paper discusses the phenomenon of long-term real equilibrium appreciation of the koruna in the context of economic, i.e. nominal and real convergence. The real appreciation can take place either through a nominal exchange rate channel or through inflation differential channel vis-á-vis the...
Persistent link: https://www.econbiz.de/10008509956
The article summarizes recognized empirical knowledge about the causes of currency crises, making use of several …
Persistent link: https://www.econbiz.de/10008549678