Narrow search
Showing 1 - 10 of 257
Cover Image
Monetary and Fiscal Policies in Currency Board Systems and Monetary Unions
Grimm, Oliver - 2007
-establish credibility during periods of hyperinflation or of economic transition. The importance of monetary unions is a consequence of the … nevertheless a currency board has a credibility advantage compared to a standard fixed exchange rate regime when the time …
Persistent link: https://www.econbiz.de/10009476166
Cover Image
Wechselkursspekulation in Währungsbändern
Schallenberger, Frank - 2002
-WOODS - 3. THEORIE DER ZIELZONEN - 4. WECHSELKURSSPEKULATION IM KRUGMAN-MODELL - 5. WECHSELKURSSPEKULATION IN ZIELZONEN ALS … analysed:1. INTRODUCTION - 2. THE DISCUSSION ABOUT TARGET ZONES IN THE POST BRETTON WOODS ERA - 3. TARGET ZONE THEORY - 4 …
Persistent link: https://www.econbiz.de/10009471730
Cover Image
Non-Linear Exchange Rate Dynamics in Target Zones: A Bumpy Road Towards A Honeymoon Some Evidence from the ERM, ERM2 and Selected New EU Member States
Crespo-Cuaresma, Jesús; Égert, Balázs; MacDonald, Ronald - 2005
This study investigates exchange rate movements in the Exchange Rate Mechanism (ERM) of the European Monetary System (EMS) and in the Exchange Rate Mechanism II (ERM-II). On the basis of Bessec (2003), we set up a three-regime self-exciting threshold autoregressive model (SETAR) with a...
Persistent link: https://www.econbiz.de/10009477175
Cover Image
International Money and Finance
Hallwood, Paul; MacDonald, Ronald - 2008
We discuss the effectiveness of pegged exchange rate regimes from an historical perspective, drawing conclusions for their effectiveness today. Starting with the classical gold standard period, we point out that a succession of pegged regimes have ended in failure; except for the first, which was...
Persistent link: https://www.econbiz.de/10009430175
Cover Image
Wage bargaining, productivity and training: SKOPE Research Paper No. 33, Summer 2002
Manzini, Paola; Snower, Dennis J. - 2002
-back positions and outside options); they affect the nature of the bargaining process itself. This approach leads to a new theory of …
Persistent link: https://www.econbiz.de/10009441370
Cover Image
Review of monetary policy in South Africa since 1994
Aron, Janine; Muellbauer, John - 2006
. Inflation and interest rate expectations data and forward interest rate data are used to demonstrate the increased credibility …
Persistent link: https://www.econbiz.de/10009441502
Cover Image
A theoretical framework of corporate online communication: a marketing public relations (MPR) perspective
Du Plessis, Thereséa Charmaine - 2005
.In order to test the identified factors for effective corporate online communication, namely credibility, trust and long …
Persistent link: https://www.econbiz.de/10009457824
Cover Image
Who Provides Information Matters: The Role of Source Credibility on US Consumers’ Beef Brand Choices
Dentoni, Domenico; Tonsor, Glynn T.; Calantone, Roger J.; … - 2011
information through these quality signals and consumer choices. In this paper, we explore 1) whether the credibility of an … representative sample of 460 US consumers and analyzed through structural equation modeling. The results show that credibility …
Persistent link: https://www.econbiz.de/10009444571
Cover Image
How To Avoid Self-fulfilling Crises
Boinet, V - 2002
Obstfeld (1994) shows that a currency crisis can be explained by the occurrence of multiple equi-libria (2 interior equilibria). For the same level of economic fundamentals, it may be optimal forthe government either to devalue or to maintain the peg. The decision depends on the...
Persistent link: https://www.econbiz.de/10009465475
Cover Image
The behavioral economics of foreign exchange markets - a psychological view on human expectation formation in foreign exchange markets
Schmidt, Robert - 2004
explaining exchange rate movements. The asset market theory of exchange rate determination implies that exchange rates are mainly … driven by the development of macroeconomic fundamentals. Furthermore the asset market theory assumes that foreign exchange … speculation, economic theory states that speculation can have either a stabilizing effect or a destabilizing effect on exchange …
Persistent link: https://www.econbiz.de/10009433679