Showing 1 - 10 of 240
neu entwickelter Ansatz verfolgt, der primär auf dem Gedankengut der Ökonomischen Theorie der Politik aufbaut und aus dem …
Persistent link: https://www.econbiz.de/10009451145
imbalance inevitably results in a currency crisis. Altogether, this theory argues with a disrupted external balance on the … for the stability of fixed exchange rate systems, in exchange rate theory as well as in empirical observations. Altogether … country, the real effective exchange rate and a risk premium.Applying this theory framework, four constellations are discussed …
Persistent link: https://www.econbiz.de/10009433694
Since the beginning, central banks have used a wide range of instruments to achieve their ultimate purpose of price stability. One measure in the authorities’ toolbox is a foreign exchange market intervention. The discussion about this instrument has come a long way. So far, the discussion...
Persistent link: https://www.econbiz.de/10009433706
Recent theory on exchange rate dynamics suggests that the mere announcement of regime switching from floating to fixed …
Persistent link: https://www.econbiz.de/10009442403
, world income, and real exchange rate as of in the 1980-2006 (up to first quarter) period. The main conclusion of the study …
Persistent link: https://www.econbiz.de/10009446493
Exchange rate movements affect exports in two ways -- its depreciation and its variability (risk). A depreciation raises exports, but the associated exchange rate risk could offset that positive effect. The present paper investigates the net effect for eight Asian countries using a dynamic...
Persistent link: https://www.econbiz.de/10009430110
In August 1998 the Russian foreign exchange market and financial system collapsed. As a consequence the rouble devaluated in real terms against the currencies of the main trade partners, generating an output push in the agri-food sector. This improved the financial health of most producer, thus...
Persistent link: https://www.econbiz.de/10009444373
Equity markets in developing and emerging economies have grown in number and importance as a result of financial market globalisation. However, their role in economic growth and development is enhanced if nascent markets are integrated with well-established ones. Market integration, measured by...
Persistent link: https://www.econbiz.de/10009480491
This paper attempts to provide alternative estimates of income distribution in South Africa, utilizing data that allow us to evaluate income, distribution across time, reducing dependence on the vagaries associated with individual surveys. In particular, we attempt to arrive at racial...
Persistent link: https://www.econbiz.de/10009480492
Registration of births, recording deaths by age, sex and cause, and calculating mortality levels and differentials are fundamental to evidence-based health policy, monitoring and evaluation. Yet few of the countries with the greatest need for these data have functioning systems to produce them...
Persistent link: https://www.econbiz.de/10009447936