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Crisis mismanagement in the United States and Europe: Impact on developing countries and longer-term consequences
Akyüz, Yılmaz - 2014
Persistent link: https://www.econbiz.de/10011445856
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What Makes Currencies Volatile?An Empirical Investigation
Bleaney, Michael F.; Francisco, Manuela - University <Nottingham> / Department of Economics - 2008
. Volatility decreases with openness tointernational trade and per capita GDP, and increases with inflation, particularlyunder a …Real effective exchange rate volatility is examined for 90 countries using monthlydata from January 1990 to June 2006 … horizontal peg or band, and with terms-of-trade volatility. The choice ofexchange rate regime matters... …
Persistent link: https://www.econbiz.de/10005868573
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How Close is Asia to an Optimal Currency Area in Terms of Business Cycle Co-Movement?
García Herrero, Alicia - 2021
The paper assesses how close Asian countries are to an Optimal Currency Area in terms of business cycle synchronization, with a focus on supply shock asymmetry. Based on a Structural VAR model, the importance of symmetric and asymmetric supply shocks is teasted for all ASEAN+3 countries. In...
Persistent link: https://www.econbiz.de/10013213759
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Social media and mental health
Braghieri, Luca; Levy, Ro'ee; Makarin, Alexey - 2022
The diffusion of social media coincided with a worsening of mental health conditions among adolescents and young adults in the United States, giving rise to speculation that social media might be detrimental to mental health. In this paper, we provide the first quasi-experimental estimates of...
Persistent link: https://www.econbiz.de/10013197560
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Money and inflation in the euro area during the financial crisis
Dreger, Christian; Wolters, Jürgen - 2011
This paper explores the stability of the relation between money demand for M3 and inflation in the euro area by … including the recent period of the financial crisis. Evidence is based on a cointegration analysis, where inflation and asset … inflation are identified. The results indicate that the equilibrium evolution of M3 is still in line with money demand. In the …
Persistent link: https://www.econbiz.de/10010304804
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Preisbildung bei unvollkommener Konkurrenz
Weiss, Christoph R. - 2020
Vollkommene Konkurrenz auf Märkten ist dadurch charakterisiert, dass die Handlungen einzelner Wirtschaftssubjekte für alle anderen Wirtschaftssubjekte irrelevant sind. Jeder Einzelne kann das Gesamtergebnis (z.B. die Preise) auf einem Markt nicht unmittelbar beeinflussen; im Begriff des...
Persistent link: https://www.econbiz.de/10012201825
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THE AFTERMATH OF A CURRENCY COLLAPSE:HOW DIFFERENT ARE EMERGING MARKETS?
Bleaney, Michael F. - University <Nottingham> / Department of Economics - 2002
In currency crises, unlike in orderly devaluations, the financial markets dominateevents. It is shown that currency collapses (crises followed by depreciations) have hada much greater adverse impact in emerging markets (defined as relatively highincomedeveloping countries exposed to...
Persistent link: https://www.econbiz.de/10005868940
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FINANCIAL FRAGILITY AND CURRENCYCRISES
Bleaney, Michael F. - University <Nottingham> / Department of Economics - 2000
The standard model of currency crises is amended to distinguish betweenunemployment aversion and financial fragility. Fragility is assumed to affect theauthorities’ sensitivity to a combination of high real interest rates and unemployment.An increase in fragility expands the region of...
Persistent link: https://www.econbiz.de/10005869186
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Hyperbolic Discounting and the Phillips Curve
Graham, Liam; Snower, Dennis J. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2008
hyperbolic discounting leads to inflation having significant long-run effects on real variables... …
Persistent link: https://www.econbiz.de/10005859701
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Exchange Rates and the Money Demand Process during the Persistently High Inflation Period in the Turkish Economy: Causes and Dynamics
Bilal, Savaş - 2008
endogeneity of money. Implicitly, the money supply process with regard to Turkish inflation is unpredictable with respect to the … past history of prices, i.e. either inflation or currency depreciation. Therefore, the Turkish monetary regime may be …
Persistent link: https://www.econbiz.de/10010320473