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The paper focus on the time adjustment paths of the exchange rate and agricultural producer and industrial prices in response to unanticipated monetary shocks following model developed by Saghaian et al. (2002). We employ Johansen’s cointegration test along with a vector error correction model...
Persistent link: https://www.econbiz.de/10009442502
The paper focus on the time adjustment paths of the exchange rate and agricultural producerand industrial prices in response to unanticipated monetary shocks following modeldeveloped by Saghaian et al. (2002). Results indicate that agricultural prices adjust faster thanindustrial prices to...
Persistent link: https://www.econbiz.de/10009445015
suddenstop problem less severe. In this regard, we consider the relative merits of capital controlsand dollarization. We conclude …. Dollarization would appear to have the edge as a more marketorientedoption to ameliorate, if not eliminate, the sudden stop problem. …
Persistent link: https://www.econbiz.de/10009450565
I was invited here to explain about Dollarization, the benefits and costs for the US and thecountries that adopt it … ConnieMack’s proposal). Moreover, I believe global dollarization will have direct economic benefits forthe US, and enhance its … role as a worldwide leader.Dollarization is the decision to abandon the national currency and replace it by the USDollar …
Persistent link: https://www.econbiz.de/10009450720
The theory of optimum currency areas states that the more two countries trade with each other, the better candidates they are for a currency union. In terms of the endogeneity argument, convergence follows from joining a currency union and the integration process itself turns the countries into...
Persistent link: https://www.econbiz.de/10009457804
The purpose of this paper is to estimate, by using the recent econometric techniques of unit root testing and Johansen-Juselius cointegration technique (1990), the impact of foreign capital inflow on the volume and efficiency of domestic investment in the United States during the period,...
Persistent link: https://www.econbiz.de/10009443353
The extraordinary height of the U.S. current account deficits in the 90s gave rise to concern, a variety of papers and political recommendationsrevealing the very contrary opinions of economists on the subject.From this alarming evolution, the question of sustainability of such a...
Persistent link: https://www.econbiz.de/10009471805
The main aim of the paper is to examine the short- and medium-term empirical link between current account balances and a broad set of (economic) variables proposed by theoretical and empirical literature. The paper focuses on the Middle East and North Africa (MENA), an economically diverse...
Persistent link: https://www.econbiz.de/10009476893
Izgorodin, A, valstybės fiskalinė politika Lietuvos einamosios sąskaitos deficitui sumažinti: bakalauro baigiamasis darbas: ekonomika. Vilnius, ISM Vadybos ir ekonomikos universitetas, 2009.Šio darbo tikslas yra pasiūlyti fiskalinės politikos priemones Lietuvos ESD sumažinti. Darbe...
Persistent link: https://www.econbiz.de/10009479365
Thesis (Ph. D.)--University of Rochester. Dept. of Economics, 1982.
Persistent link: https://www.econbiz.de/10009482981