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This course, offered by the MIT Center for Real Estate, focuses on developing an understanding of the macroeconomic factors that shape and influence markets for real property. We will develop the theory of land markets and locational choice. The material covered includes studies of changing...
Persistent link: https://www.econbiz.de/10009433231
This study addresses the potential trade-off between inflation and exchange rate targeting in former transition countries, which now may be labeled emerging market economies and which prepare for entry into the Economic and Monetary Union (EMU). Among this group of countries, some implemented...
Persistent link: https://www.econbiz.de/10009429025
This paper presents fresh findings about key determinants of credit risk of commercial banks in emerging economy banking systems compared with developed economies. Australia, France, Japan and the US represent developed economies; emerging economies are India, Korea, Malaysia, Mexico and...
Persistent link: https://www.econbiz.de/10009441719
Several studies have commented on the emergence of a new inter- national monetary system in the post-Asian crisis years. The current international financial crisis has, however, put Bretton Woods II under considerable strain. This paper analyzes the sustainability of the pre- crisis order from...
Persistent link: https://www.econbiz.de/10009468017
The aim of this paper is to provide new empirical evidence on the impact of international financial integration on the long-run Real Exchange Rate (RER) in 39 developing countries belonging to three different geographical regions (Latin America, Asia and MENA). It covers the period 1979-2004,...
Persistent link: https://www.econbiz.de/10009477185
This paper presents a tool to detect the accumulation of risks in emerging market economies based on a synthetic index of 'vulnerability' for three different types of crisis (sovereign, currency and banking crises). To build the index we fi rst use a signalling approach (Auroc) to preselect the...
Persistent link: https://www.econbiz.de/10012523724
Este documento ocasional presenta un marco sencillo, transparente e independiente de modelos para supervisar la acumulación de vulnerabilidades en las economías emergentes que puedan llegar a afectar a la estabilidad financiera de España, a través de vínculos —bien financieros, bien de...
Persistent link: https://www.econbiz.de/10012525982
Las economías emergentes con metas de inflación (MI) se enfrentan a un dilema entre cumplir las condiciones teóricas de una «MI estricta», lo que implica un tipo de cambio totalmente flexible, o seguir una gestión más activa de su moneda («MI flexible»), lo que supone implementar...
Persistent link: https://www.econbiz.de/10012530329
Este trabajo ofrece un análisis empírico de la forma en que la política monetaria no convencional de Estados Unidos ha afectado a los países de América Latina. En primer lugar, se estiman los efectos de los anuncios de política monetaria de Estados Unidos sobre los tipos de interés de los...
Persistent link: https://www.econbiz.de/10012530506
, Beijing, China, August 16-22, 2009 …, middle and high-income countries with a special emphasis on Brazil, Russia, India and China – the BRIC economies. The study … agrifood products for the years 1990 to 2006. The results suggest that China, Russia and Brazil have more income elastic import …
Persistent link: https://www.econbiz.de/10009444816