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Firm Investment Behaviour in Germany: An Explanation Based on Seasonal Cointegration Techniques.
Dreger, Christian; Brautzsch, Hans-Ulrich - In: Journal of Economics and Statistics (Jahrbuecher fuer … 219 (1999) 3+4, pp. 284-297
-seasonal adjusted data from 1968 to 1989. The empirical analysis is based on cointegration techniques using the multivariate error … investment series. Given this result, the evidence for cointegration relationships at the seasonal frequencies is rather weak …. However, the cointegration vector obtained at the long run frequency shows, that export growth has a positive influence on …
Persistent link: https://www.econbiz.de/10008596440
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How reliable are budget sustainability tests? A case study for Greece
Richter, Christian; Paparas, Dimitrios - In: International Journal of Public Policy 9 (2013) 1/2, pp. 23-43
In this paper, we try to answer if the empirical evidence on the Greek fiscal policy has been consistent with the government intertemporal budget constraint during two tested periods, 1833 to 2009 and 1960 to 2009. The recent Greek debt crisis provides a unique opportunity to test whether...
Persistent link: https://www.econbiz.de/10010670275
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Risk and return—Is there an unholy cycle of ratings and yields?
El-Shagi, Makram; von Schweinitz, Gregor - In: Economics Letters 129 (2015) C, pp. 49-51
of the Pesaran type cointegration model that allows for nonlinearities, to show that a unique equilibrium between ratings …
Persistent link: https://www.econbiz.de/10011263434
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Is Foreign Debt Portfolio Management Efficient in Emerging Economies?
Hussein, Khaled - International Monetary Fund (IMF) - 2001
This paper develops a simple model of foreign debt portfolio management. The model suggests that, under mild conditions, the currency composition of a country's foreign debt portfolio is responsive to exchange rate movements. Empirical evidence is provided for a panel of 14 emerging economies in...
Persistent link: https://www.econbiz.de/10005599482
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Integration, Kointegration und die Langzeitprognose von Kreditausfallzyklen
Wagatha, Matthias - Volkswirtschaftliche Fakultät, … - 2007
of comparable VAR that fails to recognize that the system is characterized by cointegration. I use Monte Carlo simulation … knowledge of cointegration rank. Furthermore the results indicate that a cointegration modeling of credit risk should be favored …
Persistent link: https://www.econbiz.de/10005789941
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The demand for money by private firms in a regulated economy: Theoretical underpinnings and empirical evidence for Germany 1960 - 1998
Bohl, Martin T.; Sell, Friedrich L. - Fakultät für Wirtschafts- und … - 2002
Based on a cash-in-advance approach, this paper investigates theoretically the determinants of money holdings of firms under the conditions of a highly regulated labor market and analyses empirically the demand for money of German businesses during the period 1960-1998. As a result of our...
Persistent link: https://www.econbiz.de/10008462103
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Integration, Kointegration und die Langzeitprognose von Kreditausfallzyklen
Wagatha, Matthias - Volkswirtschaftliche Fakultät, … - 2007
of comparable VAR that fails to recognize that the system is characterized by cointegration. I use Monte Carlo simulation … knowledge of cointegration rank. Furthermore the results indicate that a cointegration modeling of credit risk should be favored …
Persistent link: https://www.econbiz.de/10005622096
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Firm Investments and Corporate Governance in Asian Emerging Markets
Hasan, Tanweer; Kadapakkam, Palani-Rajan; Kumar, P. C. - In: Multinational Finance Journal 12 (2008) 1-2, pp. 21-44
The quality of corporate governance has been shown to have wide-ranging implications, e.g., on the performance of stock markets and on exchange rates. This study investigates whether the quality of corporate governance in a country impacts investment decisions made at the micro level of the...
Persistent link: https://www.econbiz.de/10010937074
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The Impacts of Inward and Outward FDI on Firm Investment in Korea
Kang, Sung-jin; Sohn, Sang-hak - Institute of Economic Research, Korea University - 2009
Persistent link: https://www.econbiz.de/10005040683
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Managing Financial Crises; Recent Experience and Lessons for Latin America
Kincaid, G. Russell; Collyns, Charles - International Monetary Fund (IMF) - 2003
This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that...
Persistent link: https://www.econbiz.de/10005824823