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Are the Central and Eastern European transition countries still vulnerable to a financial crisis? Results from the signals approach
Brüggemann, Axel; Linne, Thomas - 2002
vulnerabilities. …
Persistent link: https://www.econbiz.de/10012148434
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What drives financial crises in emerging markets?
Komulainen, Tuomas; Lukkarila, Johanna - 2003
The study examines the causes of financial crises in 31 emerging market countries during 1980 2001.It estimates a probit model using 23 macroeconomic and financial sector variables.Traditional variables such as unemployment and inflation, as well as several indicators of indebtedness such as...
Persistent link: https://www.econbiz.de/10012148450
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Money Shocks in a Small Open Economy with Dollarization, Factor Price Rigidities, and Nontradeables
Sarajevs, Vadims - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2000
The impact of an unanticipated monetary shock in a small open economy with dollarization, factor price rigidities, and nontradeables is re-examined in an optimizing intertemporal general equilibrium model. The framework of an earlier study is extended to incorporate foreign real money balances...
Persistent link: https://www.econbiz.de/10005648620
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What drives financial crises in emerging markets?
Komulainen, Tuomas; Lukkarila, Johanna - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2003
The study examines the reasons for financial crises in 31 emerging market countries during 1980-2001. It estimates a probit model using 23 macroeconomic and financial sector variables. Traditional variables such as unemployment and inflation, as well as several indicators of indebtedness such as...
Persistent link: https://www.econbiz.de/10005419620
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Business cycle convergence or decoupling? Economic adjustment in CESEE during the crisis
Gächter, Simon; Riedl, Alesandra; … - 2013
, eastern and south eastern Europe (CESEE). In a nutshell, we find that business cycles in CESEE have decoupled considerably … correlation levels of CESEE countries with the EA after their EU accession in 2004. Finally, we find a significant decoupling of … trend growth rates between EA and CESEE until the onset of the financial crises. Since the beginning of the crisis, trend …
Persistent link: https://www.econbiz.de/10012148689
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Keeping up with the Novaks? Income distribution as a determinant of household debt in CESEE
Hake, Mariya; Poyntner, Philipp - 2020
financial market access in Central, Eastern and Southeastern Europe (CESEE). Using household-level data from the OeNB's Euro … Survey for the period 2009-2018, we address the question whether interpersonal comparisons ("keeping up with the CESEE …
Persistent link: https://www.econbiz.de/10012614225
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Business cycle convergence or decoupling? Economic adjustment in CESEE during the crisis
Gächter, Martin; Riedl, Aleksandra; … - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2013
, eastern and south eastern Europe (CESEE). In a nutshell, we fnd that business cycles in CESEE have decoupled considerably from … correlation levels of CESEE countries with the EA after their EU accession in 2004. Finally, we find a significant decoupling of … trend growth rates between EA and CESEE until the onset of the financial crises. Since the beginning of the crisis, trend …
Persistent link: https://www.econbiz.de/10010818572
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Impact of exchange rate movements on exports: An analysis of Indian non-financial sector firms
Cheung, Yin-Wong; Sengupta, Rajeswari - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2013
We explore the real effective exchange rate (REER) effects on the share of exports of Indian non-financial sector firms for the period 2000 to 2010. Our empirical analysis reveals that, on average, there has been a strong and significant negative impact from currency appreciation and currency...
Persistent link: https://www.econbiz.de/10010818573
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The RMB's global role as an anchor currency: No evidence
Heimonen, Kari; Rönkkö, Risto - 2024
This study examines the role of the Chinese renminbi (RMB) as an international anchor currency. After China abandoned its tight US dollar (USD) peg in 2005, the RMB found greater popularity as a reserve currency. This change in the RMB's role reflected China's growing presence in the global...
Persistent link: https://www.econbiz.de/10014520282
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Real currency appreciation in accession countries: Balassa-Samuelson and investment demand
Fischer, Christoph - 2002
The Balassa-Samuelson effect is usually seen as the prime explanation of the continuous real appreciation of central and east European (CEE) transition countries' currencies against their western counterparts.The response of a small country's real exchange rate to various shocks is derived in a...
Persistent link: https://www.econbiz.de/10012148437