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Persistent link: https://www.econbiz.de/10011691201
paper aims to understand the spatial discontinuities at the origin of an uneven process of integration and convergence in … conversely divergence, underlying a process of uneven integration. …
Persistent link: https://www.econbiz.de/10011685300
Persistent link: https://www.econbiz.de/10012306398
This paper introduces a new effective exchange rate regime classification. Traditional classifications define the stability or flexibility of a currency with respect to one ("anchor") currency, thus implicitly neglecting information on exchange rate relationships against other currencies. Our...
Persistent link: https://www.econbiz.de/10013329739
This paper explores the remarkable roles of exchange rates when a cryptocurrency is adopted and commonly used as another type of foreign currency in the international economy. First, in order to examine its movement, we describe the price of a cryptocurrency as the relative price in terms of a...
Persistent link: https://www.econbiz.de/10012005379
Persistent link: https://www.econbiz.de/10011803124
Understanding gross capital flows is increasingly viewed as crucial for both macroeconomic and financial stability policies, but theory is lagging behind many key policy debates. We fill this gap by developing a two-country DSGE model that tracks domestic and cross-border gross positions between...
Persistent link: https://www.econbiz.de/10013328302
The current research has concentrated on the following questions: What are the trends in restructuring Suceava's economy and which regional development factors were the most important (exogenous, endogenous, structural, socio-political ones, etc.)? Which is the relationship between social...
Persistent link: https://www.econbiz.de/10011490020
perspective, both dangers should be taken into account, and transition to renewable energies is the only remedy for both. However …, the optimal speed of this transition depends on temporal dynamics of both threats that is highly uncertain at this moment … possible to conclude that while renewable energies represent a remedy, full transition will not be easy. …
Persistent link: https://www.econbiz.de/10011505807
, adaptation may be impossible and shock will persist. This took place in early 1990es in the former USSR, where after transition …
Persistent link: https://www.econbiz.de/10011505809