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Trade, Technique and Composition Effects: What is Behind the Fall in World-wide SO2 Emissions, 1990-2000?
de Melo, Jaime; Grether, Jean-Marie; Mathys, Nicole Andréa - C.E.P.R. Discussion Papers - 2007
Combining unique data bases on emissions with sectoral output and employment data, we study the sources of the fall in world-wide SO2 emissions and estimate the impact of trade on emissions. Contrarily to concerns raised by environmentalists, an emission-decomposition exercise shows that scale...
Persistent link: https://www.econbiz.de/10005504371
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The Burden of Proof in National Treatment Disputes and the Environment
Horn, Henrik - C.E.P.R. Discussion Papers - 2009
know the motives for policies that are allegedly pursued to protect the environment, but that also give commercial …
Persistent link: https://www.econbiz.de/10005025513
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Monetary Interdependence under Alternative Exchange-Rate Regimes: A European Perspective
van der Ploeg, Frederick - C.E.P.R. Discussion Papers - 1989
policies under a clean float, a managed exchange rate system (such as the EMS) and a monetary union, when welfare depends on … greatest, and that the EMS gives France and Italy the opportunity to appreciate their currencies and reduce their welfare loss …
Persistent link: https://www.econbiz.de/10005504499
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Time Variation in Term Premia: International Evidence
Jongen, Ron; Verschoor, Willem F C; Wolff, Christian C - C.E.P.R. Discussion Papers - 2005
previously unexploited dataset of market expectations that covers a broad range of EMS versus non-EMS foreign currency deposits … important role in explaining the time-variation. Finally, no significant difference is found between the behaviour of EMS … interest rate deposits and non-EMS deposits. …
Persistent link: https://www.econbiz.de/10005504713
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Exchange Rate Regimes and Trade Prices: Does the EMS Matter?
Sapir, André; Sekkat, Khalid - C.E.P.R. Discussion Papers - 1993
regime on trade prices. The results suggest that a system of pegged rates like the EMS, although helpful, is not necessary to …
Persistent link: https://www.econbiz.de/10005497720
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Stochastic Process Switching and Intervention in Exchange Rate Target Zones: Empirical Evidence from the EMS
Weber, Axel A - C.E.P.R. Discussion Papers - 1991
Deutschmark exchange rate for the EMS currencies. The analysis reveals that for these EMS target zones intervention and …
Persistent link: https://www.econbiz.de/10005067351
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On the Nature of Risk in the Foreign Exchange Markets: Evidence from the Dollar and the EMS Markets
De Grauwe, Paul - C.E.P.R. Discussion Papers - 1989
: free floating (dollar markets), the low credibility EMS regime (e.g., Lira/DM and FF/DM) and the high credibility EMS …
Persistent link: https://www.econbiz.de/10005067353
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Asymmetry in the ERM: A Case Study of French and German Interest Rates Since Basel-Nyborg
Gardner, Edward H; Perraudin, William - C.E.P.R. Discussion Papers - 1993
We study empirically daily French and German interest rate changes since the Basel-Nyborg agreement of September 1987. In particular, we ask whether the shock associated with German unification altered the degree of leadership of German monetary policy in the ERM. We conclude that Germany's...
Persistent link: https://www.econbiz.de/10005067378
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A Model of the ERM Crisis
Ozkan, F Gulcin; Sutherland, Alan - C.E.P.R. Discussion Papers - 1994
Existing models of exchange rate crises do not provide a good explanation for the breakdown of the ERM in 1992<196>3. This paper presents an alternative model which captures some of the important features of that period. The switch from a fixed to a floating rate is triggered by an optimizing...</196>
Persistent link: https://www.econbiz.de/10005067392
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The EMS Crisis in Retrospect
Eichengreen, Barry - C.E.P.R. Discussion Papers - 2001
This Paper reconsiders the 1992/3 crisis in the European Monetary System in light of its emerging market successors. That episode was a predecessor of the Mexican and Asian crises in the sense that both capital movements and domestic financial fragility played important roles. The output effects...
Persistent link: https://www.econbiz.de/10005067395