The behaviour of the exchange rate under a floating exchange rate regime for a small open economy with perfect capital mobility may appear like a managed float or even a firmer peg. We present a canonical new neo-classical synthesis open economy model where the central bank follows a strategy...

Over the past decades, cross-border financial flows have increased in importance and have in many occasions exceeded the underlying current account positions. This phenomenon has been accompanied by an increase in the volume of international equity transactions that accentuate the role of...

This paper considers the role of foreign investors in developed-country equity markets. It presents a quantitative model of trading that is built around two new assumptions: (i) both the foreign and domestic investor populations contain investors of different sophistication, and (ii) investor...

Es handelt sich um eine, im Auftrag der Europäischen Kommission unter dem übergreifenden Thema "Sicherung eines ausreichenden Lebensstandards für Flüchtlinge in der Europäischen Union" erstellte, Studie zu Asylrecht, Asylpolitik und Asylpraxis in Österreich.