Estonian currency board and economic performance
نویسندگان
چکیده
منابع مشابه
Economic Effects of Currency Unions
This paper develops a new instrumental-variable (IV) approach to estimate the effects of different exchange rate regimes on bilateral outcomes. The basic idea is that the characteristics of the exchange rate regime between two countries (exchange rate variability, fixed or float, autonomous or common currencies) are partially related to the independent decisions of these countries to peg —expli...
متن کاملCurrency Crises and Macroeconomic Performance
Economic Group Reserve Bank of Australia We thank colleagues in Economic Research Department and Financial System Group, especially Adam Cagliarini and David Gruen, for their suggestions. Aart Kraay generously provided some of the data used in Section 2. Any errors are ours and the opinions expressed here should not be attributed to the Reserve Bank of Australia.
متن کاملBoard Networks and Merger Performance
We compare the post-merger financial performance of acquiring firms that have wellconnected (central) boards with the performance of less-connected (non-central) boards and find that central boards are associated with better performing acquisitions as evidenced by larger post-merger buy-and-hold abnormal returns, stronger improvements in the ROA, and a 7-12% annual abnormal return based on cale...
متن کاملEconomic Structure and the Decision to Adopt a Common Currency
Abstract Everyone studying EMU cites the theory of Optimum Currency Areas: whether a country like Sweden should join the currency union depends on such parameters as the extent of Swedish trade with other EU members and the correlation of Sweden’s income with that of other members. Few economists have focused on what we consider one of the most interesting aspects of this issue. Trade patterns ...
متن کاملAsia’s Trade Performance after the Currency Crisis
he Asian currency crisis of 1997-98 was characterized by an abrupt reversal of foreign capital flows. Before the crisis, foreign capital inflows had allowed the crisis countries to attain a higher level of investment spending than could have been supported by domestic saving alone. Domestic and foreign investors suddenly lost confidence, liquidating their local asset holdings, and moving their ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: South African Journal of Economic and Management Sciences
سال: 1998
ISSN: 2222-3436,1015-8812
DOI: 10.4102/sajems.v1i3.2557