The Role of Home Based Enterprises (HBEs) in Alleviating Sudanese Urban Poverty and the Effectivness of Policies and Programmes to Promote HBEs
A. Ibrahim Badr-El-Din
Sudan Economic Research Group Discussion Papers, No. 34,
Nr. 34,
2003
Abstract
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The role of banking portfolios in the transmission from currency crises to banking crises - potential effects of Basel II
Tobias Knedlik, Johannes Ströbel
IWH Discussion Papers,
Nr. 21,
2006
Abstract
Die vorliegende Arbeit untersucht die möglichen Effekte der Basel II-Bankenregulierung auf die Transmission von Währungskrisen zu Bankenkrisen. Die Analyse des Beispiels Südkorea zeigt die wichtige Rolle der Unausgeglichenheit von Bankaktiva und -passiva in bezug auf deren Fristigkeit und Währung bei diesem Transmissionsprozess und stellt dar wie Basel II auf die Bankenbilanzen gewirkt hätte. Es wird gezeigt, dass die regulatorischen Kapitalanforderungen unter Basel II, aufgrund der guten Kreditratings im Vorfeld der Krise, geringer gewesen wären als unter Basel I. Dadurch wäre die Krise verschärft worden. Im zweiten Teil der Arbeit wird analysiert, ob die Ratingagenturen ihr Verhalten seit dem Versagen bei der Prognose der Asienkrise geändert haben. Dieser Beitrag findet keine empirische Evidenz für eine Berücksichtigung der Unausgeglichenheit in den Bankenbilanzen bei der Ableitung von Ratingergebnissen für Länder. Deshalb muss die Effektivität von Basel II bei der Prävention der Transmission von Währungs- zu Bankenkrisen sowohl im Falle Südkoreas als auch bei möglichen zukünftigen Krisen angezweifelt werden.
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Optimum Currency Areas in Emerging Market Regions: Evidence Based on the Symmetry of Economic Shocks
Stefan Eichler, Alexander Karmann
Open Economies Review,
Nr. 5,
2011
Abstract
This paper examines which emerging market regions form optimum currency areas (OCAs) by assessing the symmetry of macroeconomic shocks. We extend the output-prices-VAR framework by adding net exports and the real effective exchange rate as endogenous variables. Based on theoretical considerations, we derive which shocks affect these variables in the long run: shocks to labor productivity, foreign trade, labor supply, and money supply. The considered economies of Central and Eastern Europe, the Commonwealth of Independent States, East and Southeast Asia, and South Asia, exhibit large enough shock symmetry to form a currency union; the economies of Africa, Latin America, and the Middle East do not.
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To Whom to Peg? Evaluating the Optimum Currency Area for the Ruble
Stefan Eichler, Alexander Karmann
Der Einfluss der Globalisierung auf die wirtschaftliche und kulturelle Entwicklung - betrachtet aus russischer und deutscher Perspektive,
2008
Abstract
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Exit Expectations and Debt Crises in Currency Unions
Alexander Kriwoluzky, G. J. Müller, M. Wolf
IWH Discussion Papers,
Nr. 18,
2015
Abstract
Membership in a currency union is not irreversible. Exit expectations may emerge during sovereign debt crises, because exit allows countries to reduce their liabilities through a currency redenomination. As market participants anticipate this possibility, sovereign debt crises intensify. We establish this formally within a small open economy model of changing policy regimes. The model permits explosive dynamics of debt and sovereign yields inside currency unions and allows us to distinguish between exit expectations and those of an outright default. By estimating the model on Greek data, we quantify the contribution of exit expectations to the crisis dynamics during 2009 to 2012.
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Turning Box-Cox Including Quadratic Forms in Regression
Ulrich Blum, Marc Gaudry
Structural Road Accident Models: The International DRAG Family,
2001
Abstract
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Africa and the Global Financial Crisis - Impact on Economic Reform Processes
R. Adelou Alabi, J. Alemazung, Achim Gutowski, Robert Kappel, Tobias Knedlik, O. Osnachi Uzor, Karl Wohlmuth, Hans H. Bass
African Development Perspectives Yearbook, Vol. 15,
2011
Abstract
In volume XV of the African Development Perspectives Yearbook, the Research Group on African Development Perspectives investigates the impact of the GFC on economic reform processes in Africa. The analysis is structured in such a way so as to reflect the opportunities and dangers of policy reversals in the face of the GFC. The impact of the crisis on different types and forms of governance in the region is considered. The first question is therefore which macro-economic policy instruments have to be applied in order to overcome the crisis and to continue with sustainable development. The second question is how the GFC has affected Africa's external economic relations and if the path of opening up to the world markets is continued. The third question raised is how the crisis has affected social cohesion, impacted on poverty alleviation strategies and the achievement of Millennium Development Goals (MDGs). All these questions are discussed in the various contributions which comprise general studies and country case studies. The authors also looked into the role of international financial institutions during and after the crisis. The volume XV of the African Development Perspectives Yearbook is structured into three Units. Unit 1 addresses general issues regarding the impact of the GFC on reform processes in Africa. Unit 2 presents case studies from countries and sub-regions. Unit 3 presents reviews and book notes of current literature focusing on issues of African development perspectives.
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Stabilisierungspolitik in post-sozialistischen Ländern: eine Synopse aus empirischer und theoretischer Sicht
Hubert Gabrisch
Externe Publikationen,
1994
Abstract
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Kapitalbedarf und Kapitaltransfer: Der Fall Osteuropa
Hubert Gabrisch
Externe Publikationen,
1994
Abstract
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