Showing 1 - 7 of 7
This paper investigates the effect of uncertainty on the volatility of the Mexican peso U.S. dollar exchange rate for the period 1999 - 2018. The empirical analysis consists on estimating a model by OLS and System GMM that includes measures of economic, political, and financial uncertainty, both...
Persistent link: https://www.econbiz.de/10012616384
Vor 100 Jahren mündete die Große Inflation, die bereits 1914 mit dem Ersten Weltkrieg ihren Anfang nahm, in der Hyperinflation von 1923. Bis heute herrscht in der deutschen Bevölkerung und Politik eine Inflationsaversion. Anlässlich dieses Jubiläums und der zuletzt stark gestiegenen...
Persistent link: https://www.econbiz.de/10014289955
The article treats the history of Germany's Great Inflation from 1914 to 1923. It focusses on explaining the turning points of wholesale price trends. It demonstrates that these were mostly triggered by national and international political decisions immediately impacting the mark exchange rate....
Persistent link: https://www.econbiz.de/10014289956
Germany's hyperinflation resulted from a confluence of several factors, all of which contributed to a temporary breakdown in state capacity and to unsustainable public sector deficits. Wartime debt deflated by 90% already in 1920. Informal wage indexation and failure to enforce collection of a...
Persistent link: https://www.econbiz.de/10014289957
The German hyperinflation in 1923 was caused by monetary financing of the highly deficient German state budget by a de-pendent central bank. The social and economic consequences of the hyperinflation were disastrous. Combined with an instable politi-cal atmosphere, paving the way for the rise of...
Persistent link: https://www.econbiz.de/10014289958
The Weimar hyperinflation is a textbook example of how inflation develops. All the factors usually associated with inflation were present during this period. However, besides the quantifiable factors, such as money supply development, the political factors appear dominant in retrospect. There...
Persistent link: https://www.econbiz.de/10014289959
Competition in the insurance sector is an important element since it leads to the reduction in risk and uncertainty … production of financial services. The study evaluates competition in the insurance sector in Zimbabwe during the period 2010 …. The study established that competition was moderate in the insurance industry during the study period. The results further …
Persistent link: https://www.econbiz.de/10014001522