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entries has not been fully discussed in cointegration theory. In such cases, the use of standard VECM models may lead to …
Persistent link: https://www.econbiz.de/10009451311
“Macroeconomic Effects on Emerging Market Sector Indices”. As emerging countries continue to gain in importance for the world economy …
Persistent link: https://www.econbiz.de/10009450173
In previous literature, the degree of exchange rate pass-through to importing country’s currency has often been found to be incomplete, which supports the idea of imperfect competition in the forest products markets. In this study, exchange rate pass-through is examined by employing a mark-up...
Persistent link: https://www.econbiz.de/10009444871
tests are conducted by means of the Johansen multivariate cointegration method and the error correction model. Among the ERM …
Persistent link: https://www.econbiz.de/10009445749
deal with the usefulness of such simple trend heuristics in real world. Only if simple trend heuristics lead to profits in …/USD Wechselkurs mit experimentellen Prognosen von Studenten für eine simulierte Zeitreihe verglichen. Die Ergebnisse zeigen, dass sich …
Persistent link: https://www.econbiz.de/10009433679
The thesis consists of two essays: "The CAPM -- A General Equilibrium Foundation" and "The Foreign Exchange Rate in Financial Markets".The Capital Asset Pricing Model (CAPM) is one of the most successful models for portfolio selection. The utility functions are assumed to depend positively on...
Persistent link: https://www.econbiz.de/10009452580
In dieser Arbeit werden die Auswirkungen von spekulativen Attacken auf die Stabilität von Zielzonensystemenn in unterschiedlichen Ansätzen analysiert. Außerdem wird die Wirksamkeit verschiedener Politikoptionen zur Verteidigung eines Systems von Währungsbändern vor solchen Attacken...
Persistent link: https://www.econbiz.de/10009471730
Untersuchungsziel dieser finanzwissenschaftlichen Arbeit ist die Wirkung einer Tobin-Steuer als spezielle Transaktionssteuer auf das Devisen-Handelsvolumen und die Wechselkursvolatilität. Ausgangspunkt bildet das mikroökonomische Investitionsverhalten der Marktteilnehmer, das wir mit Hilfe von...
Persistent link: https://www.econbiz.de/10009471738
Australia for the period 1950-2005. Cointegration and a vector error-correction model are used along with Granger causality … the cointegration analysis of production in Australia and should be included in the long-run production relationship along …
Persistent link: https://www.econbiz.de/10009434976
This paper estimates the interdependencies between capital formation, saving and output for Iran. The analysis is complicated because of the conflicting theoretical and empirical findings of their relative roles in other studies, the lack of research on Iran whose turbulent history makes it...
Persistent link: https://www.econbiz.de/10009457480