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. It suggest a microeconometric method for measuring flooding related risk preferences of affectedindividuals. The method …-experimental approach to measure differences in the risk attitudes of farmers located in highflooding risk areas versus farmers located in … low flooding risk areas is followed. Changes in flooding risk relatedbehaviour over time is analysed and marginal effects …
Persistent link: https://www.econbiz.de/10009442826
Persistent link: https://www.econbiz.de/10004820880
This paper studies foreign exchange risk premium using the uncovered interest rate parity framework in a single country … risk premium required by the economic agents for foreign exchange transactions, which increases over the investment horizon … risk premium in Armenia. At the end, possible directions for further research are outlined. …
Persistent link: https://www.econbiz.de/10009477457
The effects of exchange rate risk have interested researchers, since the collapse of fixed exchange rates. Little … hypothesis of asymmetric effects of exchange rate risk with a dynamic conditional correlation bivariate GARCH(1,1)-M model. The … asymmetry means that exchange rate risk (volatility) affects exports differently during appreciations and depreciations of the …
Persistent link: https://www.econbiz.de/10009430111
VAR models are increasingly being used in the analysis of relationships between financial markets. In such models, there are circumstances that require zero entries in the coefficient matrices. Such circumstances can be particularly relevant in the context of emerging markets given their...
Persistent link: https://www.econbiz.de/10009451291
This study addresses the potential trade-off between inflation and exchange rate targeting in former transition countries, which now may be labeled emerging market economies and which prepare for entry into the Economic and Monetary Union (EMU). Among this group of countries, some implemented...
Persistent link: https://www.econbiz.de/10009429025
This paper presents fresh findings about key determinants of credit risk of commercial banks in emerging economy … economies are India, Korea, Malaysia, Mexico and Thailand. Credit risk theories and empirical literature suggest eight credit … risk determinants. We find anywhere from two to four factors are alone significantly correlated with credit risk of any one …
Persistent link: https://www.econbiz.de/10009441719
Several studies have commented on the emergence of a new inter- national monetary system in the post-Asian crisis years. The current international financial crisis has, however, put Bretton Woods II under considerable strain. This paper analyzes the sustainability of the pre- crisis order from...
Persistent link: https://www.econbiz.de/10009468017
The aim of this paper is to provide new empirical evidence on the impact of international financial integration on the long-run Real Exchange Rate (RER) in 39 developing countries belonging to three different geographical regions (Latin America, Asia and MENA). It covers the period 1979-2004,...
Persistent link: https://www.econbiz.de/10009477185
This paper presents a tool to detect the accumulation of risks in emerging market economies based on a synthetic index of 'vulnerability' for three different types of crisis (sovereign, currency and banking crises). To build the index we fi rst use a signalling approach (Auroc) to preselect the...
Persistent link: https://www.econbiz.de/10012523724