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risk. Consistent with corporate hedging theory, the case study finds that hedging contributes to smooth companies' earning …
Persistent link: https://www.econbiz.de/10009477298
In this paper, we provide evidence on the nature and the relative importance of domestic and foreign shocks in Slovak economy based on block-restriction vector autoregression model in 1999-2007. We document well-functioning monetary transmission mechanism in Slovakia. Subject to various...
Persistent link: https://www.econbiz.de/10009477391
theory. …
Persistent link: https://www.econbiz.de/10009460484
This dissertation contains a series of essays that provide empirical evidence for Australia on some fundamental predictions of real business cycle models and on the convergence and persistence of real interest rates. Chapter 1 provides a brief introduction to the issues examined in each chapter...
Persistent link: https://www.econbiz.de/10009484248
This thesis investigates the role of exchange rate in a small open economy policy framework. Focusing the analysis on the crisis-hit East-Asian countries, the main objective of this thesis is to investigate the necessity of the monetary authority to concern about the exchange rate stability by...
Persistent link: https://www.econbiz.de/10009429030
benefits must be balanced against the expected political benefits of protectionism (and their associated welfare costs) when … biased toward protectionism, particularly if trade restrictions are a source of corruption incomes. This article explains the … sources of new appeals for protectionism, outlines the relationship with traditional producer protectionism and lays out the …
Persistent link: https://www.econbiz.de/10009443941
potential protectionism, the standard is useful in correcting the consumption externality in the domestic country. Protectionism …
Persistent link: https://www.econbiz.de/10009445585
Domestic technical measures such as SPS and TBTs can enhance import demand via information disclosure and quality improvement, or hamper foreign export supply via imposing sizeable compliance costs, or both. The traditional gravity equation model estimates the net effect of these measures on...
Persistent link: https://www.econbiz.de/10009445870
The theoretical debate over whether countries can and should set tariffs in response to the foreign export elasticities they face goes back to Edgeworth (1894). Despite the centrality of the optimal tariff argument in trade policy, there exists no evidence about whether countries actually...
Persistent link: https://www.econbiz.de/10009472549
favourable sectors. According to new growth theory, favourable sectors inhibit technological spill-over effects to the non …
Persistent link: https://www.econbiz.de/10009448494