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Monetary Transmission Mechanism in Central & Eastern Europe: Gliding on a Wind of Change
Coricelli, Fabrizio; Égert, Balázs; MacDonald, Ronald - 2006
This paper surveys recent advances in empirical studies of the monetary transmission mechanism (MTM), with special attention to Central and Eastern Europe. In particular, while laying out the functioning of the separate channels in the MTM, it explores possible interrelations between different...
Persistent link: https://www.econbiz.de/10009476887
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Economic structures, the nature of shocks and the role of exchange rate in the monetary policy formation in the emerging countries of East-Asia
Siok Kun Sek - 2009
This thesis investigates the role of exchange rate in a small open economy policy framework. Focusing the analysis on the crisis-hit East-Asian countries, the main objective of this thesis is to investigate the necessity of the monetary authority to concern about the exchange rate stability by...
Persistent link: https://www.econbiz.de/10009429030
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Inflation Differentials in EU New Member States: An Empirical Evidence
Horváth, Roman; Koprnicka, Kamila - 2008
In this paper, we examine the determinants of inflation differentials in a panel of the newEuropean Union member states vis-‡-vis the euro area in 1997-2007. Our main results are as follows. Exchange rate appreciation and higher price level in the new EU members is associated with narrower...
Persistent link: https://www.econbiz.de/10009477187
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Inflation Differentials in the Euro Area and their Determinants – an empirical view
Aldasoro, Juan Ignacio; Žďárek, Václav - 2009
In this paper, we present evidence on the statistical features of observed dispersion in HICP inflation rates in the Euro area. Our descriptive exercise shows that there is still a remarkable dispersion of HICP inflation rates across the member countries. We find that most of dispersion...
Persistent link: https://www.econbiz.de/10009477196
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Liberalization of Staple Crops: Lessons from the Mexican Experience in Maize
Yunez-Naude, Antonio; Serrano-Cote, Valeria - 2009
In this paper we inquire why after more than 25 years of domestic agricultural reforms in Mexico and 15 years of trade liberalization of maize under NAFTA –a non-competitive crop and the major staple in Mexico–domestic production of this field crop has increased. We present new empirical...
Persistent link: https://www.econbiz.de/10009444791
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Market liberalization and trading in Korea
Blenman, Lloyd P.; Chen, Dar-Hsin; Chen, Chun-Da - 2010
was found that trading in the spot currency market was impacted by volatility in the daily Won/USD rates. As the daily … unexpected range expanded (narrowed), daily spot trading volume and volatility increased (decreased). This is evidence of … spot positions by trading USD futures as a response to unexpected volatility changes of the exchange rate. There is …
Persistent link: https://www.econbiz.de/10009441666
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Gender Equality in Reconciling Work and Childcare in South Korea
Lee, Kook Hee - 2009
This paper presents an ideal legislative model for South Korea to realize gender equality in reconciling work and childcare. The comparative study on the U.S. and German system is the basis for the legislative model. This paper selects the U.S. and German systems as a comparison group because...
Persistent link: https://www.econbiz.de/10009467525
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The Role of Exchange Rates in the Intertemporal Risk-Return Relation in International Economies
Bali, Turan G.; Wu, Liuren - 2005
This paper investigates the role of currency denomination in the the intertemporal risk-return relation among G7 countries. Similar to the findings of previous studies, our estimation also shows that the financial markets of the G7 countries are integrated. We obtain significant pricing...
Persistent link: https://www.econbiz.de/10009440704
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O EFEITO DAS IMPORTAÇÕES MUNDIAIS SOBRE AS EXPORTAÇÕES DO AGRONEGÓCIO BRASILEIRO – UMA ANÁLISE EMPÍRICA PARA O PERÍODO 2000/2007
Spolador, Humberto Francisco Silva; Barros, Geraldo … - 2008
Ao longo do período 2000/2007 o setor externo do agronegócio brasileiro encontrou uma conjuntura altamente favorável para o aumento de suas exportações, pois se combinou uma situação de forte expansão da economia mundial com elevação dos preços internacionais de commodities. No...
Persistent link: https://www.econbiz.de/10009443161
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Can Parallel Exchange Rates Forecast Commodity Prices?
Roberts, John F - 2009
shifts in current account imbalances and real GDP volatility, while on the micro level, it leads to allocation inefficiencies …
Persistent link: https://www.econbiz.de/10009474968