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Africa continues to suffer from the effects of climate change in many ways. Records show that the continent's carbon dioxide (CO2) emissions have seen tremendous upward adjustments over the past decades. While international tourism and renewable energy have been touted as sources of reducing CO2...
Persistent link: https://www.econbiz.de/10014503022
This paper assesses the stabilization properties of fixed versus flexible exchange rate regimes and aims to answer this research question: Does greater exchange rate flexibility help an economy’s adjustment to weather shocks? To address this question, the impact of weather shocks on real per...
Persistent link: https://www.econbiz.de/10014030697
in a small country seems to be a currency board with a fixed exchange rate that can be adapted in case of a crisis. A …
Persistent link: https://www.econbiz.de/10011695417
Swiss National Bank would prevent the Swiss franc from appreciating beyond 1.20 to the euro muted the sensitivity of EUR …
Persistent link: https://www.econbiz.de/10011590470
This paper studies the impact of credit rating agency (CRA) announcements on the value of the Euro and the yields of … French, Italian, German and Spanish long-term sovereign bonds during the culmination of the Eurozone debt crisis in 2011 …-2012. The employed GARCH models show that CRA downgrade announcements negatively affected the value of the Euro currency and …
Persistent link: https://www.econbiz.de/10010206145
To counter the sharp appreciation of the Swiss franc that set in in the wake of the European sovereign debt crisis, on …
Persistent link: https://www.econbiz.de/10010402676
Swiss National Bank would prevent the Swiss franc from appreciating beyond 1.20 to the euro muted the sensitivity of EUR …
Persistent link: https://www.econbiz.de/10012972893
- and US-Dollar nominated sovereign bonds of euro-area countries during the euro-crisis and concludes that the probability …This paper analyzes by using a simple theoretical model and thereafter testing empirically the differences between Euro … of collapse of the Euro(-currency) has a significant impact on these differences. Moreover, the empirical analysis …
Persistent link: https://www.econbiz.de/10013044333
information about the nature of the recent crisis. Contagions can be defined as increased correlations during periods of crisis … during the crisis era. These results support the idea of avoiding lending in reserve currencies …
Persistent link: https://www.econbiz.de/10013018743
Regular or automated processes require reliable software applications that provide accurate volatility and Value-at-Risk forecasts. The univariate and multivariate GARCH models proposed in the literature are reviewed and the suitability of selected R functions for automated forecasting systems...
Persistent link: https://www.econbiz.de/10013474092