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A comprehensive approach for currency crises theories stressing the role of the anchor country

Ganz, Verena - 2008

The approach is based on the finding that new generations of currency crises theories always had developed ex post after popular currency crises. Discussing the main theories of currency crises shows their disparity: The First Generation of currency crises models argues based on the assumption...

Persistent link: https://www.econbiz.de/10009433694

Monetary integration in East Asia: Why does it take so long?

Krawczyk, Mariusz K. - 2009

The launch of the economic and monetary union in Europe and the 1997 financial crisis that underscored the disadvantages of currently employed exchange rate regimes raised questions about the feasibility of a similar monetary unification project for East Asia. Being one of the most dynamically...

Persistent link: https://www.econbiz.de/10009441820

Fiscal policy under alternative exchange rate regimes : on the specification of money demand in new open economy macroeconomics

Steffen, Dirk - 2005

The transmission of monetary and fiscal policies in an international context is one of the most prominent topics in the realm of international finance. In particular, researchers are interested in the effects of the respective policy on exchange rate movements, international price level...

Persistent link: https://www.econbiz.de/10009475313

Monetary and Fiscal Policies in Currency Board Systems and Monetary Unions

Grimm, Oliver - 2007

In der vorliegenden Arbeit beschäftige ich mich mit der theoretischen Analyse von Geld- und Fiskalpolitik in Currency-Board-Systemen und der Währungsunion. Beide Währungssysteme haben seit den neunziger Jahren zunehmend an Bedeutung gewonnen, Currency Boards durch die Rückgewinnung der...

Persistent link: https://www.econbiz.de/10009476166

Firm-level exchange rate exposure in the Eurozone

Hutson, Elaine; O'Driscoll, Anthony

Using a sample of 1154 European firms from 11 countries, we show that firm-levelexchange exposure for Eurozone and non-Eurozone … European firms has increased sincethe introduction of the euro, but this rise was smaller for Eurozone than non … Eurozone countries, so the advent of the euroappears to have been associated with a shift in exchange risk from systematic to …

Persistent link: https://www.econbiz.de/10009475709

Is the USA's Current Account Sustainable?

Bubla, Florian - 2003

The extraordinary height of the U.S. current account deficits in the 90s gave rise to concern, a variety of papers and political recommendationsrevealing the very contrary opinions of economists on the subject.From this alarming evolution, the question of sustainability of such a...

Persistent link: https://www.econbiz.de/10009471805

SHORT- AND MEDIUM-TERM DETERMINANTS OF CURRENT ACCOUNT BALANCES IN MIDDLE EAST AND NORTH AFRICA COUNTRIES

Aristovnik, Aleksander - 2007

The main aim of the paper is to examine the short- and medium-term empirical link between current account balances and a broad set of (economic) variables proposed by theoretical and empirical literature. The paper focuses on the Middle East and North Africa (MENA), an economically diverse...

Persistent link: https://www.econbiz.de/10009476893

Valstybės fiskalinė politika Lietuvos einamosios sąskaitos deficitui sumažinti

Izgorodin, Aleksandr - 2009

Izgorodin, A, valstybės fiskalinė politika Lietuvos einamosios sąskaitos deficitui sumažinti: bakalauro baigiamasis darbas: ekonomika. Vilnius, ISM Vadybos ir ekonomikos universitetas, 2009.Šio darbo tikslas yra pasiūlyti fiskalinės politikos priemones Lietuvos ESD sumažinti. Darbe...

Persistent link: https://www.econbiz.de/10009479365

CHINA’S ECONOMIC REBALANCING: WHAT ARE THE IMPLICATIONS FOR ITS EXTERNAL SECTOR?

SOLOVIOVA, Marina - 2017

This paper examines the core aspects of China’s economic rebalancing process (from industry to services and innovations, from investment to consumption, and from exports to domestic demand), presents the main economic policy measures adopted to that end by China’s government, paying special...

Persistent link: https://www.econbiz.de/10011658708

The Balance of Payments and International Investment Position of Spain in 2022

Alves, Pana; Jiménez Martínez, Patricia; Portillo …

Rationale The balance of payments and international investment position (IIP) are important because of the information they provide on economic relations with the rest of the world, which affect the national economy. Their analysis is of even greater interest in the light of recent events, such...

Persistent link: https://www.econbiz.de/10014569524