-WOODS - 3. THEORIE DER ZIELZONEN - 4. WECHSELKURSSPEKULATION IM KRUGMAN-MODELL - 5. WECHSELKURSSPEKULATION IN ZIELZONEN ALS … analysed:1. INTRODUCTION - 2. THE DISCUSSION ABOUT TARGET ZONES IN THE POST BRETTON WOODS ERA - 3. TARGET ZONE THEORY - 4 …. EXCHANGE RATE SPECULATION IN THE KRUGMAN MODEL - 5. EXCHANGE RATE SPECULATION IN TARGET ZONES AS A STATIC GAME - 6. EXCHANGE …

speculation, economic theory states that speculation can have either a stabilizing effect or a destabilizing effect on exchange … explaining exchange rate movements. The asset market theory of exchange rate determination implies that exchange rates are mainly … driven by the development of macroeconomic fundamentals. Furthermore the asset market theory assumes that foreign exchange …

subsectors, at least not given the used identification strategy. This could be due to the fact that this theory regards the …

standard and international trade. The estimation results allow us to formulate some interesting policy conclusions. …

Basic Research and Applied Research increasingly enter the spotlight of R&D Management theory. Although this branch of … projects as the taking of real as opposed to financial options. This is based on real options theory which is an extension of … well-established applications of option pricing theory in financial markets. So far, the literature on real options is …

second, it cannot be explained by the subjective expected utility theory. The goal of this thesis is to explore further the … subjective expected utility theory in the dynamic experiment. Several subjects who are classified as ambiguity-neutral in the … Choquet expected utility theory to interpersonal decision problems. We show that, unlike in the subjective expected utility …

statistically significant impacts on milk price volatility. While speculation positively affects milk futures markets, the effect …