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Zum neuen Euro-Alarm
Willgerodt, Hans - In: Ifo Schnelldienst 63 (2010) 14, pp. 20-24
Ist der Euro in Gefahr? Droht eine Inflation oder eine Abwertung? Nach Meinung von Hans Willgerodt ist nicht der Euro …
Persistent link: https://www.econbiz.de/10008534352
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Modelling volatility during the current financial crisis: an empirical analysis of the US and the UK stock markets
Tampakoudis, Ioannis A.; Subeniotis, Demetres N.; … - In: International Journal of Trade and Global Markets 5 (2012) 3/4, pp. 171-194
The overarching aim of the present paper is to investigate the pattern of returns and volatility in the US and the UK stock markets prior and subsequent to the current financial crisis. For that reason, the family of GARCH models is utilised; specifically, GARCH, GARCH in Mean, threshold GARCH and...
Persistent link: https://www.econbiz.de/10010670368
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Public Debt Markets in Central America, Panama, and the Dominican Republic
Jobst, Andreas; Valderrama, Laura; Guerra, Ivan; Shah, … - International Monetary Fund (IMF) - 2007
This paper-consisting of a regional study and seven country studies-reviews the state of domestic public debt markets in Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, and Panama as at end-2005. Although they account for the lion's share of capital markets, regional...
Persistent link: https://www.econbiz.de/10005825635
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US corporate default swap valuation: the market liquidity hypothesis and autonomous credit risk
Dunbar, Kwamie - In: Quantitative Finance 8 (2008) 3, pp. 321-334
This paper develops a reduced form three-factor model which includes a liquidity proxy of market conditions which is then used to provide implicit prices. The model prices are then compared with observed market prices of credit default swaps to determine if swap rates adequately reflect market...
Persistent link: https://www.econbiz.de/10005495784
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US Corporate Default Swap Valuation: The Market Liquidity Hypothesis and Autonomous Credit Risk
Dunbar, Kwamie O. Dunbar, Sr. - Department of Economics, University of Connecticut - 2007
This paper develops a reduced form three-factor model which includes a liquidity proxy of market conditions which is then used to provide implicit prices. The model prices are then compared with observed market prices of credit default swaps to determine if swap rates adequately reflect market...
Persistent link: https://www.econbiz.de/10005746151
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Inflation and US music mechanicals, 1976-2010
Alhadeff, Peter; McChrystal, Caz - In: Global Business and Economics Review 13 (2011) 1, pp. 1-12
devaluation of the US mechanical rate against inflation since the Copyright Act of 1976. As Congress and the CARP Tribunal are … ultimately involved in setting terms, the implication is that songwriters and their publishers are losing power in the USA … against the record labels. For a variety of reasons, the phenomenon seems to be particular to the USA. It has also gone …
Persistent link: https://www.econbiz.de/10009352593
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Price dynamics and the adjusting mechanism - an empirical investigation of the US prices between 1950s-1990s
Munteanu, Radu - In: International Journal of Economics and Business Research 6 (2013) 4, pp. 443-454
determinant in the go through channel affecting the prices of final goods and services and inflation in the USA. I test several …The paper analyses the impact of the labour costs and import costs on the prices of final goods in the USA during the … goods in last 50 years in the USA. …
Persistent link: https://www.econbiz.de/10010816774
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Germany; 2007 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice; and Statement by the Executive Director for Germany
International Monetary Fund (IMF); International … - 2008
The German economy has made major strides, helped by wide-ranging reforms. Greater transparency and stronger incentives for prudent action will support crisis prevention and management. The immediate priorities are preserving the integrity of the financial system and maintaining economic...
Persistent link: https://www.econbiz.de/10011242796
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Euro Area Sovereign Risk During the Crisis
Zoli, Edda; Sgherri, Silvia - International Monetary Fund (IMF) - 2009
While the use of public resources is critical to cushion the impact of the financial crisis on the euro-area economy, it is key that the entailed fiscal costs not be seen by markets as undermining fiscal sustainability. From this perspective, to what extent do movements in euro area sovereign...
Persistent link: https://www.econbiz.de/10008559283
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Volatility and Jump Risk Premia in Emerging Market Bonds
Matovu, John - International Monetary Fund (IMF) - 2007
There is strong evidence that interest rates and bond yield movements exhibit both stochastic volatility and unanticipated jumps. The presence of frequent jumps makes it natural to ask whether there is a premium for jump risk embedded in observed bond yields. This paper identifies a class of...
Persistent link: https://www.econbiz.de/10005825819