Showing 1 - 10 of 318
Die hollowing-out Hypothese, auch bekannt unter den Bezeichnungen (two) corner solutions oder bipolar view, besagt, dass für Staaten mit weitgehend ungehindertem Kapitalverkehr nur Ecklösungen, also entweder extrem feste oder sehr flexible Wechselkursregime, langfristig tragbar sind. Mitte der...
Persistent link: https://www.econbiz.de/10009451145
The approach is based on the finding that new generations of currency crises theories always had developed ex post after popular currency crises. Discussing the main theories of currency crises shows their disparity: The First Generation of currency crises models argues based on the assumption...
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 rates at a given future date triggers a reduction in exchange rate volatility during the interim period. Using a Markov-switching GARCH model this paper estimates the volatility...
Persistent link: https://www.econbiz.de/10009442403
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
The purpose of this paper is to evaluate the impact of the change on the Brazilian exchange rate policy implemented in January 1999, and to analyze agricultural sector transformations. Specifically, the paper is an attempt to identify the economic relations of the aggregate performance of the...
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
einigerUnzulänglichkeiten in der Lage ist, die wirtschaftlicheEntwicklung in China zu erklären und Leitlinien für dieImplementierung politischer …
Persistent link: https://www.econbiz.de/10009471828
China is moving towards a market economy. The greater use of market forces has made China richer, accelerated … management.The objective of the study is to contribute to the development of China's health information system (HIS) over the … for planning within the macro and historical context of health planning in China, in particular having regard to the …
Persistent link: https://www.econbiz.de/10009481029
popularity in China since the mid-1990s. The purpose of this paper is to provide insights into the perceived value of business … incubators from the perspective of start-up ventures and draw implications for future incubation programmes in China … benefits of the incubation programme.Findings: True to their names, business incubators in China have added practical value to …
Persistent link: https://www.econbiz.de/10009481777