The paper then conducts three complementary tests on the relative importance of fundamentals, contagion and sunspots. First, the use of Markov-switching models reveals

Second, when one of a country’s principal objectives in maintaining a fixed exchange rate is (explicit or implicit) political integration with its “neighbors”, a devaluation by one

In the case of the last event, investors fear that countries will create policies putting restrictions on foreign private creditors through capital controls which would

We analyze the role of international coordination and cooperation in this context. Coordination is defined as in Canzoneri and Henderson [1991]: governments coordinate on the best

In the last 30 years many countries in the world, developed and developing alike, have experienced fierce speculative attacks on their currencies. In December 1994, following

first five sustainable communities), north of here, trying to talk through how we can persuade Martin County to change their comprehensive plan and land.. development regulation

The variables used in the analysis were: (a) the ratio of external debt to GDP; (b) the ratio of M2 to reserves; (c) the ratio of current account deficit (surplus) to GDP; (d) the

The trade-off between the economic gains of abandoning the peg and the credibility losses incurred in this model is common to “second generation” models of currency crises..

The concept of political contagion stressed in the paper has been largely.. ignored in the literature, if not in the statements of those

• Hadoop Distributed File System (HDFS) is the primary storage system used by Hadoop applications. • HDFS creates multiple replicas of 64+ Megabyte data blocks and distributes

It is the aim of our paper to rationalize this contagion behavior and to analyze empirically the role of contagion in the Asian crisis. A model of two emerging markets will be

It is the aim of our paper to rationalize this contagion behavior and to analyze empirically the role of contagion in the Asian crisis. A model of two emerging markets will be

By identifying the “origin” (of exchange rate depreciation, or decline in stock prices) and the “affected” (currencies, or stock prices) in spillover relationship, Indonesia and

Radiofrequency ablation (RFA) When surgery is not an option, RFA may be an appropriate management modality, RFA can be effective inboth relieving the symptoms of NET liver

The Latin American third party includes Brazil, Colombia, Mexico and Venezuela; the bilateral trade cluster includes the Mercosur countries plus Chile. Since there is little

Therefore, the main goal of this work is to analyze the performance and the optimal system configuration update strategies over different time functions-based signature

This Comment investigates whether international law mandates disclosure and whether there can be an effective system to enforce disclosure by focusing on two treaties: the

This Policy Contribution analyses the dynamics of currency crises in Russia (section 1) and Ukraine (section 2) and their regional contagion (section 3), with attention to changes