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Fiscal expansions under flexible exchange rates and in a monetary union: the interplay of biased preferences and pricing-to-market
Pitterle, Ingo - 2005
Wechselkurssystem sowie in einer Währungsunion untersucht. Im Anschluss an eine getrennte Analyse der beiden Wechselkursssysteme wird … fiskalpolitischen Expansion kommt - eine Währungsunion gegenüber einem flexiblen Wechselkurssystem bevorzugen, unabhängig davon, ob die …-Switching- und Terms-of-Trade-Effekte zurückführen, die ausschließlich bei einem flexiblen Wechselkurssystem auftreten. Aufgrund der …
Persistent link: https://www.econbiz.de/10009475325
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Exchange Rate Regime and Financing Policies of the Corporate Sector in Small Open Economies.
Berrospide, Jose M. - 2007
This dissertation studies the relationship between exchange rate regimes and financing decisions of corporations in small open economies with access to international capital markets.The first essay develops a model of the choice between local and foreign currency debt by capital-constrained...
Persistent link: https://www.econbiz.de/10009477298
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Modeling International Asset Markets
Alquist, Ron - 2008
The three papers that comprise my dissertation study international asset markets. The first paper “What Do We Learn from the Price of Crude Oil Futures?” shows that, despite their widespread use, oil futures prices are less accurate in the mean-squared error sense than no-change forecasts....
Persistent link: https://www.econbiz.de/10009477330
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CAPITAL ACCOUNT LIBERALIZATION AND EXCHANGE RATE REGIME CHOICE, WHAT SCOPE FOR FLEXIBILITY IN TUNISIA?
Sami, Ben Ali Mohamed - 2006
Capital account liberalization and exchange rate regime choice, what scope for flexibility in Tunisia? This study evaluates within a game-theoretic framework the exchange rate regime from a welfare perspective. In a tradable-nontradable goods model framework, Tunisia’s exchange rate regime...
Persistent link: https://www.econbiz.de/10009477444
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Exchange Rate Regimes and Volatility: Comparison of the Snake and Visegrad
Valachy, Juraj; Ko?enda, Evžen - 2003
Exchange rate stability was defined as one of the prerequisites for monetary integration in Europe. In this paper, we analyze recent developments in the volatility of exchange rates of the Central European countries (the Visegrad Group) and a selected group of European Union countries (the...
Persistent link: https://www.econbiz.de/10009477538
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HOME CURRENCY PEGGED INTO EURO – POSSIBLE SOLUTION FOR ROMANIAN’S ECONOMY
Mosteanu, Narcisa Roxana - 2017
The stable exchange rate is very important in international trade. This paper aims to show how exchange rate facilitates the economic growth and all economic conditions of a country, within the time 2008 – 2016. This paper is aimed to be unique because will study the effect of exchange rate on...
Persistent link: https://www.econbiz.de/10011716413
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External adjustment with a common currency: the case of the euro area
Fuertes Mendoza, Alberto
This paper analyzes the behaviour of the external adjustment path for the four main economies in the euro area. I find a structural break in the behaviour of the net external position at the time of the introduction of the euro for France, Italy and Spain, pointing out that the inception of the...
Persistent link: https://www.econbiz.de/10012523685
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Exchange rate regime and external adjustment : an empirical investigation for the U.S
Fuertes Mendoza, Alberto - 2017
Este trabajo analiza la relación entre la posición externa neta de Estados Unidos y el régimen de tipo de cambio. Se detecta una ruptura estructural en la posición externa neta de Estados Unidos al final del sistema de tipo de cambio fijo de Bretton Woods, que modificó tanto la media como...
Persistent link: https://www.econbiz.de/10012530556
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A Dynamic Equilibrium Model of Real Exchange Rates with General Transaction Costs
GOSWAMI, GAUTAM; SHRIKHANDE, MILIND; WU, LIUREN - 2002
We study the behavior of real exchange rates in a two-country dynamic equilibrium model. In this model, consumers can only consume domestic goods but can invest costlessly in capital stocks of both countries. Nevertheless, transporting goods between the two countries is costly and, hence, the...
Persistent link: https://www.econbiz.de/10009440709