Macro-economic Influences on the Stock Market
... aggregate real economic activity such as, its oil price, consumption, money stock and output. A small but growing literature has focussed on the relationship between macro-economic variables and equity returns in emerging stock markets. For example, Harvey (1995a, 1995b) examined the influence of a ...
... aggregate real economic activity such as, its oil price, consumption, money stock and output. A small but growing literature has focussed on the relationship between macro-economic variables and equity returns in emerging stock markets. For example, Harvey (1995a, 1995b) examined the influence of a ...
Exercise 1.3
... a. the economy is operating outside of its production possibilities frontier b. the economy is operating on its production possibilities frontier c. there must have been an increase in technology to compensate for the labor shortage d. the opportunity cost of producing more of one good is negative e ...
... a. the economy is operating outside of its production possibilities frontier b. the economy is operating on its production possibilities frontier c. there must have been an increase in technology to compensate for the labor shortage d. the opportunity cost of producing more of one good is negative e ...
Chapter 30
... As a result, the dollar appreciates in value, making domestic goods more expensive relative to foreign goods. This appreciation offsets the initial impact of the trade restrictions on net exports. Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc. ...
... As a result, the dollar appreciates in value, making domestic goods more expensive relative to foreign goods. This appreciation offsets the initial impact of the trade restrictions on net exports. Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc. ...
Examining the first stages of Market Performance
... differences are very small, less then 0.11 and 0.03, for the starting and middle departures, respectively. Moreover, they are insignificantly different from zero. It is worth stressing that our TEE has two important properties. First, the time path of β 's estimated does not depend on σ 2 - the vari ...
... differences are very small, less then 0.11 and 0.03, for the starting and middle departures, respectively. Moreover, they are insignificantly different from zero. It is worth stressing that our TEE has two important properties. First, the time path of β 's estimated does not depend on σ 2 - the vari ...
Regulation of Non-U.S. Exchanges` Marketing Efforts in
... In addition, the “Due Process” clause under the 14th Amendment of the U.S. Constitution puts limits on the jurisdiction of the federal government and the states over the activities of foreign persons. See International Shoe Co. v. State of Washington, 66 S. Ct. 154 (1945); McGee v. International Lif ...
... In addition, the “Due Process” clause under the 14th Amendment of the U.S. Constitution puts limits on the jurisdiction of the federal government and the states over the activities of foreign persons. See International Shoe Co. v. State of Washington, 66 S. Ct. 154 (1945); McGee v. International Lif ...
Official PDF , 148 pages
... adjustmenthave been used recurrently,but no clear distinctionhas been drawn between them. We would like to draw this distinctionmore closely in order to use it to organize our thinking about the issues and our discussion of adjustment policies. In this sense, 'stabilization"and "structural adjustmen ...
... adjustmenthave been used recurrently,but no clear distinctionhas been drawn between them. We would like to draw this distinctionmore closely in order to use it to organize our thinking about the issues and our discussion of adjustment policies. In this sense, 'stabilization"and "structural adjustmen ...
NBER WORKING PAPER SERIES INTERNATIONAL TRADE AND MACROECONOMIC DYNAMICS WITH HETEROGENEOUS FIRMS
... goods and their terms of trade. As previously mentioned, these changes occur within sectors and generate persistent deviations in sector-level prices. Although we do not explicitly model multiple sectors, our framework nevertheless highlights the micro-level characteristics of sectors (the level of ...
... goods and their terms of trade. As previously mentioned, these changes occur within sectors and generate persistent deviations in sector-level prices. Although we do not explicitly model multiple sectors, our framework nevertheless highlights the micro-level characteristics of sectors (the level of ...
hefte3-07 - bibsys brage
... made them attractive for policy makers. Even so, research on EPZ provides for instance little guidance for policy makers on how to structure and manage EPZ, in addition to creating confusion as to the economic forces at work within a zone through use of disparate models (Devereux and Chen, 1995). Th ...
... made them attractive for policy makers. Even so, research on EPZ provides for instance little guidance for policy makers on how to structure and manage EPZ, in addition to creating confusion as to the economic forces at work within a zone through use of disparate models (Devereux and Chen, 1995). Th ...
3 - Munich Personal RePEc Archive
... This literature was further advanced by the monopolistic pricing-to-market model developed by Betts and Devereux (1996), which took account of the well established empirical observations on the pronounced deviations from the law of one price in traded goods - see Lane (2001) for a survey of the new ...
... This literature was further advanced by the monopolistic pricing-to-market model developed by Betts and Devereux (1996), which took account of the well established empirical observations on the pronounced deviations from the law of one price in traded goods - see Lane (2001) for a survey of the new ...
LCcarG683_en.pdf
... slowdown in economic growth on the Caribbean will depend on a number of factors. These include the length and depth of the economic slump in these major markets and other markets; the impact of the slowdown on capital and trade flows, particularly tourism receipts. The effect on commodity prices, th ...
... slowdown in economic growth on the Caribbean will depend on a number of factors. These include the length and depth of the economic slump in these major markets and other markets; the impact of the slowdown on capital and trade flows, particularly tourism receipts. The effect on commodity prices, th ...
THE ARGENTINEAN DEBT: HISTORY, DEFAULT AND RESTRUCTURING Mario Damill
... fiscal and public debt policies played a significant role, but the exchange rate policy and the financial opening management -intended to facilitate the preservation of competitive exchange rates- were also singularly relevant. The extraordinary emphasis that the debt intolerance approach puts on bo ...
... fiscal and public debt policies played a significant role, but the exchange rate policy and the financial opening management -intended to facilitate the preservation of competitive exchange rates- were also singularly relevant. The extraordinary emphasis that the debt intolerance approach puts on bo ...
The Effect of Trade Liberalization on Firm Entry and Exit in Punjab
... decisions of heterogeneous firms that are major contributors to the economy’s export sector. Trade liberalization in this context implies the depreciation or devaluation of the home currency, making home products relatively cheaper in the international market. However, it can also imply a reduction ...
... decisions of heterogeneous firms that are major contributors to the economy’s export sector. Trade liberalization in this context implies the depreciation or devaluation of the home currency, making home products relatively cheaper in the international market. However, it can also imply a reduction ...
NBER WORKING PAPER SERIES DISINFLATION AND FISCAL REFORM: A NEOCLASSICAL PERSPECTIVE
... During the last two decades, many Latin American countries engaged in disinflation programs based on both exchange rate management and fiscal reforms. However, in most instances, part of the fiscal reform was delayed or not implemented completely, so the fiscal deficit increased and the program had ...
... During the last two decades, many Latin American countries engaged in disinflation programs based on both exchange rate management and fiscal reforms. However, in most instances, part of the fiscal reform was delayed or not implemented completely, so the fiscal deficit increased and the program had ...
Stock Market Liquidity: Behavior of Short-Term and Long-Term
... trading with those having superior information through the bid-ask spread. However, there is also the need to process information as it arrives over time, requiring quote revisions, which consumes time. Holding inventories over shorter periods of time by passing on some of the inventory to other tra ...
... trading with those having superior information through the bid-ask spread. However, there is also the need to process information as it arrives over time, requiring quote revisions, which consumes time. Holding inventories over shorter periods of time by passing on some of the inventory to other tra ...
International diversification of investment portfolios
... markets than for bonds markets. It is also noted that in both numeraire currencies, Japan (Switzerland) registered the highest (lowest) return among international bond markets as well as among stock markets. Second, the 'inter-correlatiollS' among bond and stock markets tend to be somewhat lower tha ...
... markets than for bonds markets. It is also noted that in both numeraire currencies, Japan (Switzerland) registered the highest (lowest) return among international bond markets as well as among stock markets. Second, the 'inter-correlatiollS' among bond and stock markets tend to be somewhat lower tha ...
Monetary Policy Independence under Flexible
... including the desire to protect domestic currencies from “excessive” depreciation.6 The late Ron McKinnon captured this idea when, in May 2014, he stated at a conference held at the Hoover Institution that “there’s only one country that’s truly independent and can set its monetary policy. That’s the ...
... including the desire to protect domestic currencies from “excessive” depreciation.6 The late Ron McKinnon captured this idea when, in May 2014, he stated at a conference held at the Hoover Institution that “there’s only one country that’s truly independent and can set its monetary policy. That’s the ...
Real Exchange Rate, the Wage Gender Gap and Domestic Violence
... We exploit an exogenous variation in wage gender gap generated by the fluctuation in the real exchange rate. This allows us to estimate the impact effect of better outside options for women on domestic violence. Exploiting the variability in the proportion of women and men in tradable and non-trada ...
... We exploit an exogenous variation in wage gender gap generated by the fluctuation in the real exchange rate. This allows us to estimate the impact effect of better outside options for women on domestic violence. Exploiting the variability in the proportion of women and men in tradable and non-trada ...
2017 Saturday Schol Fee Policy - Harrow International School Beijing
... Hang Seng Bank (China) Limited Beijing Branch ...
... Hang Seng Bank (China) Limited Beijing Branch ...
Financialization and the World Economy
... International Settlements, the daily volume of foreign exchange transactions amounted to more than 1.9 trillion dollars each day in 2004, in contrast to 570 billion per day in 1989 (www.bis.org/press/p040928.htm; www.bis.org/publ/rpfx02t.pdf). To take another example, Baker, Epstein and Pollin (1998 ...
... International Settlements, the daily volume of foreign exchange transactions amounted to more than 1.9 trillion dollars each day in 2004, in contrast to 570 billion per day in 1989 (www.bis.org/press/p040928.htm; www.bis.org/publ/rpfx02t.pdf). To take another example, Baker, Epstein and Pollin (1998 ...
Firm Churn on Main Street and Wall Street
... The dynamic nature of the U.S. economy is reflected not only in changing employment or sales data but also in the changing valuations of firms in the stock market, where countless numbers of investors assess the value of companies every day. In this sense, the churn on Wall Street can be viewed as ...
... The dynamic nature of the U.S. economy is reflected not only in changing employment or sales data but also in the changing valuations of firms in the stock market, where countless numbers of investors assess the value of companies every day. In this sense, the churn on Wall Street can be viewed as ...