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In this paper we investigate whether inflation and currency risks are priced in the Korean, Malaysian and Taiwan stock … 1988 to 2009. The results show that the world market risk is priced on Korean, Malaysian, Taiwan and US stock markets. We … find the currency and inflation risk to be also priced on Korean, Malaysian and Taiwan market …
Persistent link: https://www.econbiz.de/10013139011
and the New Taiwan dollar. For these currencies, interest rates and money supplies move to restore equilibrium. In ex post … simulation, the out-of-sample fit of the estimated models is relatively good for the won, Singapore and New Taiwan dollars, and …
Persistent link: https://www.econbiz.de/10013237252
and the New Taiwan dollar. For these currencies, interest rates and money supplies move to restore equilibrium. In ex post … simulation, the out-of-sample fit of the estimated models is relatively good for the won, Singapore and New Taiwan dollars, and …
Persistent link: https://www.econbiz.de/10012472139
A sticky price monetary model (Frankel, 1979) of exchange rates is applied to quarterly data on seven currencies: The Indonesian rupiah, Korean won, Malaysian ringgit, Philippine peso, Singapore dollar, Taiwanese dollar and the Thai baht. The model proves empirically unsuccessful, except in the...
Persistent link: https://www.econbiz.de/10014071868
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This paper examines how the applied multi-sector computable general equilibrium (CGE) literature has moved into quantification of the impacts of greater market access for services. This includes discussion of multisector linkages to the service sector, as well both measuring barriers to trade...
Persistent link: https://www.econbiz.de/10009568824