Similar Search Results

Inflation Differentials in EU New Member States: An Empirical Evidence

Horváth, Roman; Koprnicka, Kamila - 2008

In this paper, we examine the determinants of inflation differentials in a panel of the newEuropean Union member states vis-‡-vis the euro area in 1997-2007. Our main results are as follows. Exchange rate appreciation and higher price level in the new EU members is associated with narrower...

Persistent link: https://www.econbiz.de/10009477187

Inflation Differentials in the Euro Area and their Determinants – an empirical view

Aldasoro, Juan Ignacio; Žďárek, Václav - 2009

In this paper, we present evidence on the statistical features of observed dispersion in HICP inflation rates in the Euro area. Our descriptive exercise shows that there is still a remarkable dispersion of HICP inflation rates across the member countries. We find that most of dispersion...

Persistent link: https://www.econbiz.de/10009477196

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

Two essays on general equilibrium foundation of finance

Siwik, Thomas - 2002

The thesis consists of two essays: "The CAPM -- A General Equilibrium Foundation" and "The Foreign Exchange Rate in Financial Markets".The Capital Asset Pricing Model (CAPM) is one of the most successful models for portfolio selection. The utility functions are assumed to depend positively on...

Persistent link: https://www.econbiz.de/10009452580

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

Regulierung internationaler Finanzmärkte durch Transaktionssteuern : die Wirkung einer Tobin-Steuer auf Handelsvolumen und Wechselkursvolatilität

Haberer, Markus - 2006

Untersuchungsziel dieser finanzwissenschaftlichen Arbeit ist die Wirkung einer Tobin-Steuer als spezielle Transaktionssteuer auf das Devisen-Handelsvolumen und die Wechselkursvolatilität. Ausgangspunkt bildet das mikroökonomische Investitionsverhalten der Marktteilnehmer, das wir mit Hilfe von...

Persistent link: https://www.econbiz.de/10009471738

It Works in Practice. Does It Work in Theory?

Moir, Robert - 1998

theory. Further research is necessary to understand how individuals operate in this environment." …

Persistent link: https://www.econbiz.de/10009468460

Liberalization of Staple Crops: Lessons from the Mexican Experience in Maize

Yunez-Naude, Antonio; Serrano-Cote, Valeria - 2009

In this paper we inquire why after more than 25 years of domestic agricultural reforms in Mexico and 15 years of trade liberalization of maize under NAFTA –a non-competitive crop and the major staple in Mexico–domestic production of this field crop has increased. We present new empirical...

Persistent link: https://www.econbiz.de/10009444791

Anticipated shocks, optimal monetary policy, and welfare

Roland Winkler - 2009

Intertemporal general-equilibrium models with Keynesian features such as imperfect competition and imperfectly flexible prices which give rise to a (at least) short-run non-neutrality of monetary policy have become the workhorse model for monetary macroeconomics. This thesis now makes four...

Persistent link: https://www.econbiz.de/10009428969

Economic structures, the nature of shocks and the role of exchange rate in the monetary policy formation in the emerging countries of East-Asia

Siok Kun Sek - 2009

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