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potentialearly warning indicators that are suggested by theory. Alongsideothers, these candidate indicators are tested in …
Persistent link: https://www.econbiz.de/10009471830
Die Dissertation beschreibt und systematisiert verschiedene Krisenbegriffe sowie den Begriff des Ansteckungseffekts. Es wird ein Literaturüberblick gegeben über theoretische und empirische Studien zu Ansteckungseffekten auf Finanzmärkten. Ein theoretisches Modell beschreibt einen denkbaren...
Persistent link: https://www.econbiz.de/10009475333
Klassische Modelle der Theorie der Ablaufplanung sind gerade ihrer Abstraktheit wegen auf viele aus der Praxis …
Persistent link: https://www.econbiz.de/10009475627
Mexico’s financial debacle and its impact on other emerging markets (the Tequila effect)has raised many fundamental questions. Mexico achieved fiscal balance in 1993, undertookseveral fundamental market-oriented reforms, signed a free trade agreement with a very largemarket (the NAFTA), became...
Persistent link: https://www.econbiz.de/10009450719
In this paper, we show that a simple model of smoothly state-dependent pricing generates a distribution of price adjustments similar to that observed in microeconomic data, both for low and high inflation. Our setup is based on one fundamental assumption: price adjustment is more likely when it...
Persistent link: https://www.econbiz.de/10012530218
This paper analyzes the effects of monetary shocks in a DSGE model that allows for a general form of smoothly state-dependent pricing by firms. As in Dotsey, King, and Wolman (1999) and Caballero and Engel (2007), our setup is based on one fundamental property: firms are more likely to adjust...
Persistent link: https://www.econbiz.de/10012530226
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
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
Ziel dieser Arbeit ist es, Erklärungen für die im Vergleich zu Industriestaaten oft deutlich schwerer wiegenden Währungskrisen in Emerging Market Economies zu finden. Damit verbunden ist die Frage nach den Determinanten des Krisenausmaßes. Dazu wird zunächst ein detailierter Überblick...
Persistent link: https://www.econbiz.de/10009448912
imbalance inevitably results in a currency crisis. Altogether, this theory argues with a disrupted external balance on the … for the stability of fixed exchange rate systems, in exchange rate theory as well as in empirical observations. Altogether … country, the real effective exchange rate and a risk premium.Applying this theory framework, four constellations are discussed …
Persistent link: https://www.econbiz.de/10009433694