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CURRENT ACCOUNT ADJUSTMENTS IN SELECTED TRANSITION COUNTRIES

Aristovnik, Aleksander - 2006

- 2003 period. The analysis focuses on three important aspects of these current account reversals: a) to examine those … factors that might have triggered the reversals and to provide some insights into the current account adjustment process; b … reversals on economic growth in the region. Results suggest that restrictively defined reversals seem to be closely related to …

Persistent link: https://www.econbiz.de/10009477246

Exchange Rate Regime and Financing Policies of the Corporate Sector in Small Open Economies.

Berrospide, Jose M. - 2007

This dissertation studies the relationship between exchange rate regimes and financing decisions of corporations in small open economies with access to international capital markets.The first essay develops a model of the choice between local and foreign currency debt by capital-constrained...

Persistent link: https://www.econbiz.de/10009477298

Modeling International Asset Markets

Alquist, Ron - 2008

The three papers that comprise my dissertation study international asset markets. The first paper “What Do We Learn from the Price of Crude Oil Futures?” shows that, despite their widespread use, oil futures prices are less accurate in the mean-squared error sense than no-change forecasts....

Persistent link: https://www.econbiz.de/10009477330

CAPITAL ACCOUNT LIBERALIZATION AND EXCHANGE RATE REGIME CHOICE, WHAT SCOPE FOR FLEXIBILITY IN TUNISIA?

Sami, Ben Ali Mohamed - 2006

Capital account liberalization and exchange rate regime choice, what scope for flexibility in Tunisia? This study evaluates within a game-theoretic framework the exchange rate regime from a welfare perspective. In a tradable-nontradable goods model framework, Tunisia’s exchange rate regime...

Persistent link: https://www.econbiz.de/10009477444

Exchange Rate Regimes and Volatility: Comparison of the Snake and Visegrad

Valachy, Juraj; Ko?enda, Evžen - 2003

Exchange rate stability was defined as one of the prerequisites for monetary integration in Europe. In this paper, we analyze recent developments in the volatility of exchange rates of the Central European countries (the Visegrad Group) and a selected group of European Union countries (the...

Persistent link: https://www.econbiz.de/10009477538

External adjustment with a common currency: the case of the euro area

Fuertes Mendoza, Alberto

This paper analyzes the behaviour of the external adjustment path for the four main economies in the euro area. I find a structural break in the behaviour of the net external position at the time of the introduction of the euro for France, Italy and Spain, pointing out that the inception of the...

Persistent link: https://www.econbiz.de/10012523685

Exchange rate regime and external adjustment : an empirical investigation for the U.S

Fuertes Mendoza, Alberto - 2017

Este trabajo analiza la relación entre la posición externa neta de Estados Unidos y el régimen de tipo de cambio. Se detecta una ruptura estructural en la posición externa neta de Estados Unidos al final del sistema de tipo de cambio fijo de Bretton Woods, que modificó tanto la media como...

Persistent link: https://www.econbiz.de/10012530556

SHORT- AND MEDIUM-TERM DETERMINANTS OF CURRENT ACCOUNT BALANCES IN MIDDLE EAST AND NORTH AFRICA COUNTRIES

Aristovnik, Aleksander - 2007

The main aim of the paper is to examine the short- and medium-term empirical link between current account balances and a broad set of (economic) variables proposed by theoretical and empirical literature. The paper focuses on the Middle East and North Africa (MENA), an economically diverse...

Persistent link: https://www.econbiz.de/10009476893

A functional coefficient model view of the saving-investment relation

Fang Xu - 2007

Two of the most discussed issues triggered by the so called Feldstein-Horioka puzzle in international macroeconomics are: What does the saving-investment (SI) relation really measure and how should the SI relation be measured? The first contribution of this study is to develop a new variant of...

Persistent link: https://www.econbiz.de/10009429004

External imbalances and recoveries

Camarero, Mariam; Gadea Rivas, María Dolores; Gómez … - 2020

Una década después del comienzo de la Gran Recesión, los desequilibrios externos, medidos por la cuenta corriente [current Account (CA)], se han reducido notablemente. Sin embargo, los desequilibrios externos medidos a través de variables de stock, es decir, la posición de inversión...

Persistent link: https://www.econbiz.de/10012524805