If the balance sheet losses resulting from currency depreciation were the only significant event of the year 2002 that impacted investment, we could estimate this impact simply by

Given that the average investment rate of all the firms was 8.1% in 2001, the significant economic impact of balance sheet effects is more than evident.3 As we elaborate in the

CURRENCY CRISES, MONETARY POLICY, AND CORPORATE BALANCE SHEET VULNERABILITIES. By

This paper presents a general equilibrium currency crisis model of the ’third generation’, in which the possibility of currency crises is driven by the in- terplay between private

Hardness proofs for worst-case lattice problems Hardness proofs for average-case lattice problems (crucial for lattice-based cryptography). Damien Stehl´ e Computing with

market equilibrium curve. We assumed that firms can manage their exposure to currency risk and hence influence their investments’ sensitivity to exchange rate changes.. Here we now

Therefore, this paper presented the generalised cross- correlation function for speech signals (recorded using microphone arrays) in time domain and frequency domain. It is

Have you ever seen what happens when someone with an America Online account posts to a hacker news group, email list, or IRC chat session? It gives you a true understanding of what

3 Substantial evidence is defined as “such relevant evidence as a reasonable mind might accept as adequate to support a conclusion.” Peak v. Unemployment Compensation Board

The paper documents the technical activities of ASCE that contributed to this evolution, particularly the committees of the Structural Division (now the Stuctural Engineering

We show that (i) in a world without guarantees N-sector managers hedge insolvency risk by financing their firms with N-debt, and (ii) if there are guarantees and “enough” real

The FUEL CELL scenario requires less investment in infrastructure as the distribution of hydrogen is relatively more centralised than the distribution of electricity in the

higher investment and foreign debt, leading the domestic economy finally to the equilibrium.

At a certain level of borrowing, a government must commit to adjustment programs in exchange for access to IMF funds (Mussa and Savastano, 2000). How does the IMF decide on

In this study waste paper sludge was partially replaced as 2.5%, 5%, 7.5% and 10% in place of cement in concrete for M20 mix and tested for its compressive strength, split

Stabilizing the nominal and real exchange rates, while closing one channel for potential financial collapse, opens another: in increasing strongly domestic interest rate hence the

nominal and real exchange rates, while closing one channel for a potential financial collapse, opens another: according to equation (8), increasing strongly domestic interest

Around two-thirds of our existing power stations are expected to close down by 2030 as our coal, nuclear, and oldest gas fired power stations reach the end of their lives. To meet