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Political Instability and the August 1998 Ruble Crisis

Fic, Tatiana; Saqib, Omar Farooq - In: Journal of Economic Integration 21 (2006), pp. 764-783

The main objective of this study is to highlight the importance of political instability, defined as frequent changes in and of government, in undermining the Russian exchange rate based stabilization program of the 1990s. The empirical evidence supports the significance of political instability...

Persistent link: https://www.econbiz.de/10009392045

THE EMERGENCE OF INNOVATION-BASED WIRELESS CLUSTERS: QUALITY AND TIMING MATTER

NIEMINEN, JORMA - In: International Journal of Innovation Management (ijim) 15 (2011) 06, pp. 1271-1295

This study compares the emergence of four wireless clusters in the 1970s and 1980s. Two of them, Calgary in Canada and Finland, initially pursued rather similar service innovations for not very different markets but with very different outcomes, which raises the question why. One major reason...

Persistent link: https://www.econbiz.de/10009364764

Exchange Rates and Fundamentals: Closing a Two-country Model

Kano, Takashi - Graduate School of Economics, Hitotsubashi University - 2014

equilibrium outcome of a present-value model of a partial equilibrium asset approach when economic fundamentals follow exogenous … that the unit market discount factor implies the counterfactual joint equilibrium dynamics of random-walk exchange rates … exercises based on post-Bretton Woods data from Canada and the United States reveal difficulties in reconciling the equilibrium …

Persistent link: https://www.econbiz.de/10010842011

The Scapegoat Theory of Exchange Rates: The First Tests

Fratzscher, Marcel; Sarno, Lucio; Zinna, Gabriele - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2013

This paper provides an empirical test of the scapegoat theory of exchange rates (Bacchetta and van Wincoop 2004, 2011). This theory suggests that market participants may at times attach significantly more weight to individual economic fundamentals to rationalize the pricing of currencies, which...

Persistent link: https://www.econbiz.de/10010643156

An intra-cryptocurrency analysis of volatility connectedness and its determinants : evidence from mining coins, non-mining coins and tokens

Charfeddine, Lanouar; Benlagha, Noureddine; Ben … - In: Research in international business and finance 62 (2022), pp. 1-18

Persistent link: https://www.econbiz.de/10014247259

Chapter 8. Forecasting the Price of Oil

Alquist, Ron; Kilian, Lutz; Vigfusson, Robert J. - In: Handbook of Economic Forecasting : volume 2, part A, (pp. 427-507). 2013

We address some of the key questions that arise in forecasting the price of crude oil. What do applied forecasters need to know about the choice of sample period and about the tradeoffs between alternative oil price series and model specifications? Are real and nominal oil prices predictable...

Persistent link: https://www.econbiz.de/10014025541

A quantitative evaluation of interest rate liberalization reform in China

Yuan, Jing; Peng, Yan; Cai, Zongwu; Zhang, Zhengyi - In: Annals of economics and finance 23 (2022) 2, pp. 197-221

Persistent link: https://www.econbiz.de/10013533125

The revival of target zone modeling

Della Posta, Pompeo - In: Open economies review 33 (2022) 4, pp. 775-805

Persistent link: https://www.econbiz.de/10013455614

A quantitative evaluation to interest rate marketization reform in China

Yuan, Jing; Peng, Yan; Cai, Zongwu; Zhang, Zhengyi - 2022

Persistent link: https://www.econbiz.de/10013483707

Commodity market dynamics : who's behind booms and busts?

Irfanullah; Iqbal, Javed - In: Borsa Istanbul Review 23 (2023) 1, pp. 55-75

Existing literature has relied on economic fundamentals (EFs) to determine commodity price booms and busts, This framework has been unable to account for major economic non-fundamentals (ENFs), This study takes a broader view of major ENFs that expands beyond the traditional demand and supply...

Persistent link: https://www.econbiz.de/10014307396