The three papers that comprise my dissertation study international asset markets. The first paper “What Do We Learn from the Price of Crude Oil Futures?” shows that, despite their widespread use, oil futures prices are less accurate in the mean-squared error sense than no-change forecasts....

Capital account liberalization and exchange rate regime choice, what scope for flexibility in Tunisia? This study evaluates within a game-theoretic framework the exchange rate regime from a welfare perspective. In a tradable-nontradable goods model framework, Tunisia’s exchange rate regime...

Exchange rate stability was defined as one of the prerequisites for monetary integration in Europe. In this paper, we analyze recent developments in the volatility of exchange rates of the Central European countries (the Visegrad Group) and a selected group of European Union countries (the...

In this paper, we provide evidence on the nature and the relative importance of domestic and foreign shocks in Slovak economy based on block-restriction vector autoregression model in 1999-2007. We document well-functioning monetary transmission mechanism in Slovakia. Subject to various...

Economics

In this paper a survey is presented of works on market demand. Conditions are examined under which such demand is a continuous function of prices and conditions which ensure its continuous differentiability.

Im Mittelpunkt der auf WALRAS (1874) zurückgehenden allgemeinen Gleichgewichtstheorie steht der Begriff des Wettbewerbsgleichgewichts. Diesem nicht kooperativen Gleichgewichtsbegriff lässt sich ein anderer, kooperativer gegenüberstellen, der auf EDGEWORTH (1881) zurückgeht, der des Kerns...