Showing 1 - 10 of 107
emerging market countries using panel data for the period 1990-2002. Threevariables are used to capture separate exchange rate … effects. The nominal bilateral exchange rate tothe $US captures the value of the local currency (a higher value implies a … cheaper currency andattracts FDI). Changes in the real effective exchange rate index (REER) proxy for expected changes inthe …
Persistent link: https://www.econbiz.de/10005868663
[...]In this article, we pursue a transaction-oriented line ofresearch to help track short-term exchange rate movements. Byexamining a publicly available data set well known to currencymarket analysts—net positions held by speculators in thefutures market—we are able to document a strong...
Persistent link: https://www.econbiz.de/10005869759
[...]We discuss the potential benefits and costs associated withsome of the corporate governance variables for an average firm.However, we stress that all of these variables are ultimately partof a simultaneous system that determines the corporation’svalue and the allocation of such value...
Persistent link: https://www.econbiz.de/10005869849
[...]We begin by discussing the so-called first generation ofmodels, in which crises are viewed in the literature as theunavoidable result of unsustainable policies or fundamentalimbalances. Next, we survey the literature on the secondgeneration of models, which highlights the possibility of...
Persistent link: https://www.econbiz.de/10005869910
[...]In this study, we use recent historical evidence toexplore one dimension of the broad relationship betweenmarket returns and mutual fund flows: the effect of shorttermmarket returns on mutual fund flows. Research onthis issue has already confirmed high correlations betweenmarket returns and...
Persistent link: https://www.econbiz.de/10005870270
I am delighted to be here today to address this importantconference on economic, supervisory, and regulatory issuesfacing foreign banks operating in the United States. I alsovery much appreciate the efforts of my colleague GeneLudwig and his staff at the Office of the Comptroller of theCurrency...
Persistent link: https://www.econbiz.de/10005870343
Monetary union in Germany as part of the reunification process required a conversion rate between the Deutschmark and the Mark, the currencies of West and East Germany respectively. Flows (in particular wages and pensions) were converted at a rate of 1:1, whilst there were different conversion...
Persistent link: https://www.econbiz.de/10005870598
. Using a two-country stochastic dynamic general equilibrium withnominal price stickiness and local currency pricing, we will …
Persistent link: https://www.econbiz.de/10005871072
Mit der Einführung des Euros im Jahre 1999 sind in der Schweiz vielfachBefürchtungen geäussert worden, dass der Franken nicht mehr neben derGemeinschaftswährung bestehen könnte, dass der Franken so zu sagen von derEuroflut weggeschwemmt werde. Die seit 1999 gemachten Erfahrungen...
Persistent link: https://www.econbiz.de/10008845711
contains a metric for currency, errors and error costs, and a currency threshold for attribute values. The decision modelis …
Persistent link: https://www.econbiz.de/10009138632