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in CEE are lacking local commodity market. As a consequence, they are relying on hedging strategies on remote derivative …This aim of this paper is to analyse possibilities and potential effects of soft commodity derivative market on the … development of risk management practice within the CEE. Agricultural producers and other participants in the soft commodity market …
Persistent link: https://www.econbiz.de/10012518261
A major issue of agriculture in Romania is to achieve the level of profitability of farms which ensures their economic viability. In this respect farms seek profitability of each product. The gross margin is a measure of profitability, which for the field crops is determined by the producer...
Persistent link: https://www.econbiz.de/10011590653
This paper aims to analyze the evolution over time of the trade with meat and organs, in Romania, important foods for a balanced diet. Statistical data indicate that, although Romania has large productions, it is deficient in terms of ensuring meat consumption, especially with pork, which...
Persistent link: https://www.econbiz.de/10014340904
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This paper analyzes volatility spillovers in multivariate GARCH-type models. We show that the cross-effects between the conditional variances determine the persistence of the transmitted volatility innovations. In particular, the influence of a foreign volatility innovation on a conditional...
Persistent link: https://www.econbiz.de/10010341118
This paper puts forward a Bayesian version of the global vector autoregressive model (B-GVAR) that accommodates international linkages across countries in a system of vec-tor autoregressions. We compare the predictive performance of B-GVAR models for the one- and four-quarter ahead forecast...
Persistent link: https://www.econbiz.de/10011505823
This paper sets out a comprehensive framework to identify regional business cycles within Spain and analyses their stylised features and the degree of synchronization present among them and the Spanish economy. We show that the regional cycles are quite heterogeneous although they display some...
Persistent link: https://www.econbiz.de/10011555075
It is widely perceived that the supply of mortgages, especially since the extensive liberalization of the mortgage market since the 1980s, has had implications for the Dutch housing market. In this paper we introduce a new method to estimate a credit condition index (CCI). The credit conditions...
Persistent link: https://www.econbiz.de/10011495389