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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
Hyperinflation von 1923. Bis heute herrscht in der deutschen Bevölkerung und Politik eine Inflationsaversion. Anlässlich dieses … Bevölkerungsgruppen und den Staat ganz unterschiedlich. Schließlich stellt sich die Frage, wie die Hyperinflation überwunden werden konnte …
Persistent link: https://www.econbiz.de/10014289955
. This even holds for the turning point from gallop-ing inflation to hyperinflation in June/July 1922- …
Persistent link: https://www.econbiz.de/10014289956
Germany's hyperinflation resulted from a confluence of several factors, all of which contributed to a temporary …
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 the Nazis, the hyperinflation is deeply etched in the German collective memory. It is …
Persistent link: https://www.econbiz.de/10014289958
The Weimar hyperinflation is a textbook example of how inflation develops. All the factors usually associated with …
Persistent link: https://www.econbiz.de/10014289959
We present an intertemporal consumption model of consumer investment in financial literacy. Consumers benefit from such investment because their stock of financial literacy allows them to increase the returns on their wealth. Since literacy depreciates over time and has a cost in terms of...
Persistent link: https://www.econbiz.de/10010308561
We exploit the natural experiment of the 2005 income tax reform in Germany to study the effects of tax incentives on consumer behavior in life insurance markets. Our empirical analysis of sociodemographic, economic, and psychological household characteristics elicited in the German SAVE study...
Persistent link: https://www.econbiz.de/10010281497
We investigate the causal effect of financial literacy on financial assets, exploiting banks information policies for identification. In Italy, banks who belong to the PattiChiari consortium have implemented policies aimed at increasing transparency and procedural simplification. These policies...
Persistent link: https://www.econbiz.de/10010289931
This paper empirically investigates the relevance of social interaction and caste affiliation for individual awareness of financial instruments and investment behavior in India. The results of our empirical analysis, which is based on a large scale survey on saving patterns of Indians, suggest a...
Persistent link: https://www.econbiz.de/10010291106