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-establish credibility during periods of hyperinflation or of economic transition. The importance of monetary unions is a consequence of the … nevertheless a currency board has a credibility advantage compared to a standard fixed exchange rate regime when the time …
Persistent link: https://www.econbiz.de/10009476166
Verteilungspolitik Implikationen für die Umsetzung, Konzeption und Zielformulierung der Verteilungs- und Armutspolitik bedingen. Die der …
Persistent link: https://www.econbiz.de/10009468505
-back positions and outside options); they affect the nature of the bargaining process itself. This approach leads to a new theory of …
Persistent link: https://www.econbiz.de/10009441370
. Inflation and interest rate expectations data and forward interest rate data are used to demonstrate the increased credibility …
Persistent link: https://www.econbiz.de/10009441502
information through these quality signals and consumer choices. In this paper, we explore 1) whether the credibility of an … representative sample of 460 US consumers and analyzed through structural equation modeling. The results show that credibility …
Persistent link: https://www.econbiz.de/10009444571
Obstfeld (1994) shows that a currency crisis can be explained by the occurrence of multiple equi-libria (2 interior equilibria). For the same level of economic fundamentals, it may be optimal forthe government either to devalue or to maintain the peg. The decision depends on the...
Persistent link: https://www.econbiz.de/10009465475
.In order to test the identified factors for effective corporate online communication, namely credibility, trust and long …
Persistent link: https://www.econbiz.de/10009457824
untersucht, wie der Sozialstaat reformiert werden kann, damit er den zukünftigen Herausforderungen, vor allem Arbeitslosigkeit …
Persistent link: https://www.econbiz.de/10009471775
This paper explores the relationship between economic growth and the welfare state. We argue that: (i) the institutional constraints set by the international monetary system may be at least as effective determinants of growth differentials between countries as the different dimensions of their...
Persistent link: https://www.econbiz.de/10009468222
Since the early 1970s, the scope for national social and economic policy in advanced industrial societies has been constrained by three consecutive changes in the international political economy. These were: 1) the breakdown of the Bretton Woods currency regime of fixed exchange rates and the...
Persistent link: https://www.econbiz.de/10009463691