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The paper deals with unintended consequences of the monetary union for the level of debt in the member countries of the eurozone. First, it is shown that there exist systematic inflation and real interest rate differentials among the member countries. These differentials reach up to 3 percentage...
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Over the past few years, the Value at Risk indicator (VaR) has evolved, without doubt, into the most frequently used comprehensive tool for assessment of potential losses caused by adverse changes in market rates. However, the common models used for VaR assessment are based only on mid prices...
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to the relation between domestic saving and investment. A key element of the presented analysis is whether world capital … mobility is high enough to hold a condition that the relation between the domestic saving and investment in a country could … as well as by the analysis of saving and investment distinguishing the set of developed, poor, and transition countries …
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