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Persistent link: https://www.econbiz.de/10000112338
Angesichts der schwierigen Ausgangslage — starke Abhängigkeit der Wirtschaft von Rußland und hohe Folgelasten der … geringer aus als in Rußland, und die Arbeitslosenquote blieb mit offiziell etwa 1,4 vH Ende 1993 sehr niedrig. Aber die Kosten … am Anfang des Jahres deutlich stärker aus als in Rußland. Die Realeinkommen der Bevölkerung, die von Januar bis Juli 1993 …
Persistent link: https://www.econbiz.de/10010294998
Persistent link: https://www.econbiz.de/10000540511
Economic theory provides two main explanations why changes in exchange rates can affect foreign direct investment (FDI). According to a first explanation, FDI reacts to exchange rate changes if there are information frictions on capital markets and if the investment by firms depends on their net...
Persistent link: https://www.econbiz.de/10010301807
Banking and balance of payments crises often happen quite simultaneously. We show that the impact of an expected devaluation on the net worth of commercial banks with a short open foreign exchange position speeds up the timing of a balance of payments crisis. We employ an asymmetric information...
Persistent link: https://www.econbiz.de/10010275494
During the last two decades, the degree of openness of national financial systems has increased substantially. At the same time, asymmetries in information and other financial market frictions have remain prevalent. We study both empirically and theoretically the implications of the opening up...
Persistent link: https://www.econbiz.de/10010260621
Economic theory provides two main explanations why changes in exchange rates can affect foreign direct investment (FDI). According to a first explanation, FDI reacts to exchange rate changes if there are information frictions on capital markets and if the investment by firms depends on their net...
Persistent link: https://www.econbiz.de/10003371083
Economic theory provides two main explanations why changes in exchange rates can affect foreign direct investment (FDI). According to a first explanation, FDI reacts to exchange rate changes if there are information frictions on capital markets and if the investment by firms depends on their net...
Persistent link: https://www.econbiz.de/10012733563
Banking and balance of payments crises often happen quite simultaneously. We show that the impact of an expected devaluation on the net worth of commercial banks with a short open foreign exchange position speeds up the timing of a balance of payments crisis. We employ an asymmetric information...
Persistent link: https://www.econbiz.de/10009276380
During the last two decades, the degree of openness of national financial systems has increased substantially. At the same time, asymmetries in information and other financial market frictions have remain prevalent. We study both empirically and theoretically the implications of the opening up...
Persistent link: https://www.econbiz.de/10014072512