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Fiscal policy under alternative exchange rate regimes : on the specification of money demand in new open economy macroeconomics

Steffen, Dirk - 2005

The transmission of monetary and fiscal policies in an international context is one of the most prominent topics in the realm of international finance. In particular, researchers are interested in the effects of the respective policy on exchange rate movements, international price level...

Persistent link: https://www.econbiz.de/10009475313

Monetary and Fiscal Policies in Currency Board Systems and Monetary Unions

Grimm, Oliver - 2007

In der vorliegenden Arbeit beschäftige ich mich mit der theoretischen Analyse von Geld- und Fiskalpolitik in Currency-Board-Systemen und der Währungsunion. Beide Währungssysteme haben seit den neunziger Jahren zunehmend an Bedeutung gewonnen, Currency Boards durch die Rückgewinnung der...

Persistent link: https://www.econbiz.de/10009476166

Firm-level exchange rate exposure in the Eurozone

Hutson, Elaine; O'Driscoll, Anthony

Using a sample of 1154 European firms from 11 countries, we show that firm-levelexchange exposure for Eurozone and non-Eurozone … European firms has increased sincethe introduction of the euro, but this rise was smaller for Eurozone than non … Eurozone countries, so the advent of the euroappears to have been associated with a shift in exchange risk from systematic to …

Persistent link: https://www.econbiz.de/10009475709

Integration: An Empirical Assessment of Russia

Berkowitz, Daniel; DeJong, David N. - 2002

In the process of implementing market reforms, many post-socialist countries have struggled to preserve economic and political integration. Using a statistical model of commodity trade, we quantify the evolution of economic integration observed among regions within Russia during 1995-1999, and...

Persistent link: https://www.econbiz.de/10009477076

Essays on macroeconomic theory as a guide to economic policy

Ried, Stefan - 2009

Die vorliegende Dissertation zu makroökonomischen Themen beinhaltet einen einleitenden Literaturüberblick, drei eigenständige und voneinander unabhängige Kapitel sowie einen technischen Anhang. In Kapitel zwei wird ein Zwei-Länder Modell einer Währungsunion betrachtet, in dem die...

Persistent link: https://www.econbiz.de/10009467184

Decision Rules, Transparency and Central Banks

Köster, Bernhard Johannes - 2011

The trade-off between price stability and output stabilization is in the centre of monetary policy-making. This trade-off enters many macroeconomic models as the central bank is assumed to minimize some loss function consisting of inflation deviations and output deviations from some specific...

Persistent link: https://www.econbiz.de/10009476179

Theoretische und empirische Analysen zum Geldangebot in der Bundesrepublik Deutschland

Gräbel, Torsten - 2001

Persistent link: https://www.econbiz.de/10009449698

Policy shifts and Markov-switching in financial markets

Reher, Gerrit - 2010

Veränderungen der Rahmenbedingungen auf Finanzmärkten müssen von ökonomischen und ökonometrischen Modellen sinnvoll erfasst werden. Diese Dissertation beschäftigt sich mit der Zinsdynamik im Vorfeld einer Währungsunion. Auf diese Dynamik aufbauend werden Optionen auf Nullkuponanleihen...

Persistent link: https://www.econbiz.de/10009454749

Monetary integration in East Asia: Why does it take so long?

Krawczyk, Mariusz K. - 2009

The launch of the economic and monetary union in Europe and the 1997 financial crisis that underscored the disadvantages of currently employed exchange rate regimes raised questions about the feasibility of a similar monetary unification project for East Asia. Being one of the most dynamically...

Persistent link: https://www.econbiz.de/10009441820

Are Countries of Association of South East Asia Nations (ASEAN) Candidates of Optimum Currency Area for Monetary Union? A Structural VAR Approach

Sin, Lew Yuen; Asam Tuan Lorik, Ku - 2006

Intra-trade among ASEAN countries have remained around 20% over the period 1993 until 2001 (ASEAN Secretariat). With this significant amount of trade being conducted between members of ASEAN countries, businesses were faced with exchange rate exposure due to the volatility of the exchange rate...

Persistent link: https://www.econbiz.de/10009444769