Binnennachfrage. Eine Analyse der Immobilienmärkte in Deutschland und UK kommt zu dem Ergebnis, dass die langfristigen Gleichgewichte …

of comparable VAR that fails to recognize that the system is characterized by cointegration. I use Monte Carlo simulation … knowledge of cointegration rank. Furthermore the results indicate that a cointegration modeling of credit risk should be favored …

of comparable VAR that fails to recognize that the system is characterized by cointegration. I use Monte Carlo simulation … knowledge of cointegration rank. Furthermore the results indicate that a cointegration modeling of credit risk should be favored …

The paper examines the stochastic behaviour and the volatility patterns of the Greek drachma against the German mark … and the US dollar in response to shifts in the monetary stances of Germany and the US. The methodological design is the … GARCH specification. The results strongly suggest that switches in the targets of the monetary authorities in Germany …

complicate policy implementation. Global inflation pressures, greater exchange rate volatility, and the financial stresses from …

volatility is large and where the fraction of domestic currency denominated government liabilities is small. …

This paper analyzes the effects of intervention on the level and volatility of the exchange rate in Mexico and Turkey … intervention. In Mexico, foreign exchange sales have a small impact on the exchange rate level and raise short-term volatility …, while in Turkey, intervention does not appear to affect the exchange rate level but reduces its shortterm volatility. In …