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Impact of institutions on cross-border price dispersion

Schwarz, Jiří - 2011

This paper analyzes the role of institutions in price dispersion among cities in the European region in the 1996-2009 period. An overview of the literature on the border effect reveals that the role of institutions is completely neglected. Using the Worldwide Governance Indicators as explanatory...

Persistent link: https://www.econbiz.de/10010322327

A new solution to the purchasing power parity puzzles: Risk-aversion, exchange rate uncertainty and the law of one price

Arghyrou, Michael G.; Gregoriou, Andros; Pourpourides, … - 2009

experiment based on a unique micro-data set from a market with minimum imperfections. The empirical findings validate our …

Persistent link: https://www.econbiz.de/10010288808

Shaping Medieval Markets: The Organisation of Commodity Markets in Holland, c. 1200–c. 1450

Dijkman, Jessica - 2011

The late Middle Ages witnessed the transformation of the county of Holland from a peripheral agrarian region to a highly commercialised and urbanised one. This book examines how the organisation of commodity markets contributed to this remarkable development. Comparing Holland to England and...

Persistent link: https://www.econbiz.de/10011888573

Epidemic trade

Börner, Lars; Severgnini, Battista - 2011

Black Death struck most areas of Europe and the wider Mediterranean. Based on a modified version of the gravity model, we …

Persistent link: https://www.econbiz.de/10010306210

Price convergence, reversal speed and purchasing power parity: Stylized facts for Brazilian cities

Arruda, Elano Ferreira; Castelar, Ivan; Guimarães, … - In: EconomiA 19 (2018) 2, pp. 219-235

This paper analyzes the price dynamics of Brazilian cities between 1995 and 2012 to identify stylized facts about price convergence, the reversal speed of deviations between relative prices and purchasing power parity (PPP). There is evidence of a strong reduction in the absolute dispersion of...

Persistent link: https://www.econbiz.de/10013466639

Economic integration and the exchange rate regime: How damaging are currency crises?

Weber, Axel A.; Beck, Günter W. - 2003

Mexico), Europe (Germany, Italy, Spain and Portugal), Asia (Japan and South Korea), and Oceania (Australia and New Zealand …) with corresponding data from emerging market economies in South America (Argentina, Bolivia, Brazil, Columbia) and Asia …-country relative price dispersion in emerging market economies. These effects are found to be quite persistent since relative price …

Persistent link: https://www.econbiz.de/10010317378

How wide are European borders? On the integration effects of monetary unions

Weber, Axel A.; Beck, Guenter - 2003

) to study the impact of the introduction of the euro on goods market integration. Employing both aggregated and …

Persistent link: https://www.econbiz.de/10010317417

Discrepancies between Purchasing Power Parities and Exchange Rates under the Law of One Price: A Puzzle (partly) Explained?

Podkaminer, Leon - 2010

European Comparison Project data (years 1999-2008) are used for an estimation of cross-country systems (AIDS) of consumer demand functions defined over durable and non-durable tradable goods and non-tradable services. General exchange equilibrium models of inter-EU trade generate equalized...

Persistent link: https://www.econbiz.de/10012099898

Differences in Relative Prices in the EU

Palenmark, Sirly - 2004

Price levels differ considerably between the member states of the EU. This paper examines what causes these price differences. Disaggregated price level indexes for 13 capital cities in the EU are used in order to investigate differences in relative prices during the 1990s. It is found that such...

Persistent link: https://www.econbiz.de/10013208459

Capital inflows, crisis and recovery in small open economies

Raza, Hamid; Kinsella, Stephen - 2016

Persistent link: https://www.econbiz.de/10014306506