Topic Financial Markets

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919 results, from 861
  • Economic Bulletin 12 / 2003

    Latin America after the Argentine Crisis: Diminishing Financial Market Integration

    2003| Patricia Alvarez-Plata, Mechthild Schrooten
  • Non-refereed Articles

    An Investigation into the 1999 Collapse of the Brazilian Real

    In: Economia internazionale 56 (2003), 2, S. 193-206 | Omar F. Saqib
  • Non-refereed Articles

    Equilibrium Real Exchange Rates in Acceding Countries: How Large Is Our Confidence (Interval)?

    In: Focus on Transition (2003), 2, S. 107-137 | Bálazs Égert, Kirsten Lommatzsch
  • Diskussionspapiere 327 / 2003

    Mis-Leading Indicators? The Argentinean Currency Crisis

    Despite the fact that Argentina has been suffering from recession for years the timing and severity of the recent currency crisis has surprised most observers. This paper analyzes whether the "early warning" or "signals" approach of Kaminsky (1998), Kaminsky/Lizondo/Reinhart (1998) and Kaminsky/Reinhart (1999) could have predicted the Argentinean currency crisis at an earlier point in time. Using a ...

    2003| Patricia Alvarez-Plata, Mechthild Schrooten
  • Refereed essays Web of Science

    The Political Economy of Intergovernmental Grants

    We study the effect of politics on the distribution of intergovernmental grants. We consider a model where local government officials lobby the central government who in turn distributes grants based on the local governments' lobbying efforts. We argue that the marginal costs of lobbying increase with the geographical and "political" distance from the central government capital. Hence, in equilibrium, ...

    In: Regional Science & Urban Economics 33 (2003), 2, S. 139-156 | Rainald Borck, Stephanie Owings
  • Refereed essays Web of Science

    The Impact of Fiscal Policy and Deregulation on Shadow Economics in Transition Countries: The Case of Ukraine

    A model of Ukrainian shadow economy money demand is estimated that includes new regulatory burden, tax complexity, andsoft-budget constraint variables. This model is analyzed to determine the causes and dynamics of the Ukrainian shadow economy and to assess the effectiveness of state measures undertaken to reduce itssize. The direct tax burden, the broadly defined regulatory burden, the complexity ...

    In: Public Choice 114 (2003), 3-4, S. 295-318 | UlrichThießen
  • Economic Bulletin 5 / 2003

    The German Economy in the Spring of 2003

    2003
  • Diskussionspapiere 348 / 2003

    The Argentinean Currency Crisis: A Markov-Switching Model Estimation

    Despite the fact that Argentina has been suffering from a recession for years, the timing and severity of the recent currency crisis surprised most observers. This paper analyzes the role of fundamentals and self-fulfilling speculation in the Argentinean crisis. Arguing within a theoretical model of a fixed exchange rate system that allows for multiple equilibria, we show that the crisis, while being ...

    2003| Patricia Alvarez-Plata, Mechthild Schrooten
  • Refereed essays Web of Science

    Stability Criteria and Convergence: The Role of the System of National Accounts for Fiscal Policy in Europe

    In: Allgemeines Statistisches Archiv 87 (2003), 2, S. 113-131 | Tilman Brück, Andreas Cors, Klaus F. Zimmermann, Rudolf Zwiener
  • Diskussionspapiere 308 / 2002

    Optimal Fiscal Policy in an Economy Facing Socio-Political Instability

    We present a model of optimal government policy when policy choices may exacerbate socio-political instability (SPI). We show that optimal policy that takes into account SPI transforms a standard concave growth model into a model with both a poverty trap and endogenous growth. The resulting equilibrium dynamics inherit the properties of government policies and need not be monotone. Indeed, for a broad ...

    2002| Chetan Ghate, Quan Vu Le, Paul J. Zak
919 results, from 861
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