Vom 25. bis 28. September dieses Jahres findet die Jahrestagung von Weltbank und liternationalem Währungsfonds, IWF, in Prag statt. Auf der Agenda dieser Tagung wird voraussichtlich auch die Diskussion einer Neuorientierung des IWF stehen. Wie kaum eine andere internationale Organisation ist...

Die Forderungen von Globalisierungskritikern nach einem radikalen Umbau der internationalen Finanzmarktordnung sind von den wirtschaftspolitischen Entscheidungsträgern aus guten Gründen abgelehnt worden. Vorzuwerfen ist den Entscheidungsträgern allerdings, dass auch ökonomisch sinnvolle...

Die Eurokrise hat sich seit dem Sommer 2011 dadurch zugespitzt, dass der Finanzmarkt Italien und Spanien sowie viele europäische Banken wesentlich kritischer beurteilte und seine Kapitalzufuhr deutlich drosselte. Ein Grundproblem dabei ist, dass Italien so groß ist, dass es für die...

This paper applies the Nakagami-m distribution for the derivation of unit hydrograph (UH). The applicability of this distribution was verified using the data from 13 watersheds and results were compared with other distributions, viz., Gamma (GM), Beta, normal (NL), log-normal (LN), Weibull (WB),...

We have studied the statistical mechanics of money circulation in a closed economic system. An explicit statistical formulation of the circulation velocity of money is presented for the first time by introducing the concept of holding time of money. The result indicates that the velocity is...

This paper deals with a current status of the forestry appointment land in the Poltava region. It has been found, that the improvement of the economic indicators of the land use is only possible through intensification under condition of maintaining the balanced development.

Purpose – The purpose of this paper is to analyze volatility transmission between the Japanese stock and foreign exchange markets. Design/methodology/approach – In contrast to the existing literature, industry-level stock data are applied to a trivariate Baba, Engle, Kraft and...

Purpose – The aim of this paper is to examine the relationship between weather (temperature) and stock market returns using daily data from Portugal; also, to examine whether the temperature is driven by calendar-related anomalies such as the January and trading month effects....

In this paper, we focus on the statistical features and time correlation of runs which is defined as a sequence of consecutive gain/loss (rise/fall) stock returns. By studying daily data of the Dow Jones industrial average (DJIA), we get the following points: firstly, the distribution of length...

This paper provides a selective overview of nonlinear exchange rate models recently proposed in the literature and assesses their contribution to understanding exchange rate behavior. Two key questions are examined. The first question is whether nonlinear autoregressive models of real exchange...