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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
This paper investigates the role of currency denomination in the the intertemporal risk-return relation among G7 … country-specific risks. Different from the literature, however, we find that the intertemporal risk-return relation differ …
Persistent link: https://www.econbiz.de/10009440704
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
Commodity price uncertainty imposes large costs on society. On the macro level, it results in sudden and unexpected shifts in current account imbalances and real GDP volatility, while on the micro level, it leads to allocation inefficiencies. Accurate price forecasts have the potential to remove...
Persistent link: https://www.econbiz.de/10009474968
This research investigates the information content of the translation information resulting from exchange rate fluctuations. Two hypotheses are examined. The dollar movement hypotheses investigate whether there is a positive relationship between security valuation and the translation information...
Persistent link: https://www.econbiz.de/10009475063
The forthcoming EU enlargement raises a series of questions related to the new entrants’ entry to Exchange Rate Mechanism II and their subsequent adoption of the single currency. In this paper, the issue of how to determine the central parity for the acceding countries with which to enter...
Persistent link: https://www.econbiz.de/10009476773
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