Showing 1 - 10 of 10
This paper investigates two different approaches to the analysis of institutions using game theory and discusses their methodological and theoretical implications for further research. Starting from von Neumann and Morgenstern's theory, we investigate, how Schotter and Schelling's approaches to...
Persistent link: https://www.econbiz.de/10010148370
The paper attempts to investigate the influence of the 1988 Basel Accord on bank behavior and monetary policy. It is argued that the Accord was successful in that it forced commercial banks in all of G-10 countries to maintain higher capital ratios. Tentative research suggests, however, that -...
Persistent link: https://www.econbiz.de/10009958037
import prices and exchange rate movements) or predominantly a function of domestic factors. Our results indicated that money …. Also, short run dynamics based on an error correction model indicated that money supply, exchange rate and income, and in … some countries foreign prices have notable effects on inflation. -- inflation ; exchange rate ; money supply ; expected …
Persistent link: https://www.econbiz.de/10010097696
This study investigated the impact of external debt on economic growth of Tanzania for the period of 1990-2010. The study used time series data on external debt and economic performance. It is assumed that external debt helps developing countries to meet developing needs. While debt servicing...
Persistent link: https://www.econbiz.de/10010148059
In this paper the applicability of the Edmister model for the assessment of credit risk in small and medium sized enterprises (SMEs) was examined by testing the hypothesis that the Edmister model is applicable for predicting financial difficulties of SMEs in Croatia. Data from a data base of...
Persistent link: https://www.econbiz.de/10010185792
This paper aims at providing quantitative analysis of the dynamics of money supply, exchange rate and inflation in … Vector Error Correction Mechanism (VECM). The empirical results confirms that in the long run, money supply and exchange rate … effects on inflationary pressure. The possible justification for the inverse effect of money supply on price level is that …
Persistent link: https://www.econbiz.de/10010058675
The article aims at determining the inflation influence between Poland and selected EU member states. Although for some time the general inflation level in those countries was definitely controllable, the problem seems to be returning. That is why in this article, using the model of Vector...
Persistent link: https://www.econbiz.de/10010009393
In recent years the issue of the role of asset prices in monetary setting has become increasingly topical since booms and busts in asset market are associated with the fluctuations in overall economic activity through its impacts on aggregate spending. In this study, we use Smooth Transition...
Persistent link: https://www.econbiz.de/10010148062
Persistent link: https://www.econbiz.de/10010160661
The possible short-run trade-off between the inflation (gap) and the output (gap) remains a critical policy issue for any emerging economy; particularly when an implicit or an explicit inflation targeting monetary policy is considered. The New Keynesian Phillips Curve (NKPC) has recently set up...
Persistent link: https://www.econbiz.de/10010160677