The coordination channel has been proposed as a means by which foreign exchange market intervention may be effective, in addition to the traditional portfolio balance and signaling channels. If strong and persistent misalignments of the exchange rate are caused by non-fundamental influences,...

Rezension: Dieses Standardlehrbuch (Vorauflage in ID-G 39/08) der beiden angloamerikanischen Wirtschaftswissenschaftler wurde von A. Wagner und M. Herrmann, beide Universität Leipzig, sorgfältig übersetzt und bearbeitet. Es ist umfassend, sehr gut verständlich und enthält neben vielen...

Standard labor market theories predict that workers employed in more specialized areas earn higher wages in comparison with similar workers employed in less specialized areas. Empirical studies for the US generally confirm the existence of a positive effect of sectoral specialization on wages...