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Time-varying Cointegration Models and Exchange Rate Predictability in Korea
Park, Soo Kyung; Park, Choel Beom - In: KDI Journal of Economic Policy 37 (2015) 4, pp. 1-20
We examine the validity of popular exchange rate models such as the purchasing power parity (PPP) hypothesis and the monetary model for Korean won/US dollar exchange rate. Various specification tests demonstrate that Korean data are more favorable for both models based on time-varying...
Persistent link: https://www.econbiz.de/10012034789
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Testing the Monetary Model for Exchange Rate Determination in South Africa: Evidence from 101 Years of Data
de Bruyn, Riané; Gupta, Rangan; Stander, Lardo - In: Contemporary Economics 7 (2013) 1, pp. 19-32
Evidence in favor of the monetary model of exchange rate determination for the South African Rand is, at best, mixed. A co-integrating relationship between the nominal exchange rate and monetary fundamentals forms the basis of the monetary model. With the econometric literature suggesting that...
Persistent link: https://www.econbiz.de/10010436043
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Test of an inverted J-shape hypothesis between the expected real exchange rate and real output: The case of Ireland
Hsing, Yu - In: International Journal of Economic Sciences and Applied … 3 (2010) 1, pp. 39-47
Applying an open-economy macroeconomic model, incorporating the monetary policy reaction function and uncovering interest parity, this paper finds that the expected real exchange rate and real output exhibit an inverted J-shape relationship, suggesting that expected real depreciation increases...
Persistent link: https://www.econbiz.de/10010289384
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The efficiency of the Polish zloty exchange rate market: The uncovered interest parity and fractal analysis approaches
Czech, Katarzyna; Pietrych, Łukasz - In: Risks 9 (2021) 8, pp. 1-17
The study of the effectiveness of the currency market is one of the most important research problems in the field of finance. The paper aims to assess the efficiency of the Polish zloty exchange rate market. We test the market efficiency by applying two independent approaches, one based on the...
Persistent link: https://www.econbiz.de/10013200806
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On the rewards to international investing: A safe haven currency perspective
Danthine, Jean-Pierre; Danthine, Samuel - In: Swiss Journal of Economics and Statistics 154 (2018) 1, pp. 1-16
The safe haven property of the Swiss franc presents a specific challenge for internationally minded Swiss-based investors. The central issue is whether the traditional under-performance of Swiss assets is made up by the secular appreciation of the Swiss franc combined with the propensity of the...
Persistent link: https://www.econbiz.de/10013205754
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The Term Structure of Currency Futures' Risk Premia
Bernoth, Kerstin; von Hagen, Jürgen; de Vries, Caspar - In: Journal of Money, Credit and Banking 54 (2022) 1, pp. 5-38
The use of futures instead of forwards exchange contracts completes the ma-turity spectrum of the correlation between spot yields and the premium. Wefind that the forward premium puzzle appears to be a precrisis phenomenonand is only observed for maturities longer than about 1 month....
Persistent link: https://www.econbiz.de/10013367049
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Classes in maximizing shareholders' wealth: Irving Fisher's theory of the economic organization in corporate financial economics textbooks
Cardao-Pito, Tiago - In: Contemporary Economics 11 (2017) 4, pp. 369-382
Corporate financial economic programs are almost universally featured in economics and management degrees and, therefore, are an essential component of the culture-building process for current and future economists and managers. Nevertheless, these programs are not restricted to financial...
Persistent link: https://www.econbiz.de/10011995313
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Functional Food Marketing - The Hungarian Market Case
Nagy, Szabolcs - In: Theory, Methodology, Practice 5 (2010) 1, pp. 43-49
relevant marketing approaches, and the main consumer segments have been identified. This paper contains empirical research … findings on functional food consumption in Hungary. As a marketing manager or academic, you shall find valuable pieces of …
Persistent link: https://www.econbiz.de/10011279479
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An introduction to the viable systems approach and its contribution to marketing
Barile, Sergio; Pels, Jaqueline; Polese, Francesco; … - In: jbm - Journal of Business Market Management 5 (2012) 2, pp. 54-78
decision making. The aim of this paper is to highlight the need for a general frame of reference for management and marketing … VSA may represent a good integrator of management and marketing theories and practices. The paper begins with a brief … review of systems theories that have been proposed in the general context of management and marketing. It proceeds by …
Persistent link: https://www.econbiz.de/10010310664
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Von der Verbreitung zur Kommunikation
Willand, Ilka; Stirner, Heidrun - In: WISTA - Wirtschaft und Statistik 74 (2022) 6, pp. 38-43
Der Beitrag zeigt auf, wie sich die Presse- und Öffentlichkeitsarbeit des Statistischen Bundesamtes in den letzten Jahrzehnten von der reinen Verbreitung hin zu einer digitalen Kommunikation entwickelt hat. Erste Impulse setzte die um die Jahrtausendwende beginnende Digitalisierung, die sich...
Persistent link: https://www.econbiz.de/10013490579