Financial Markets play an important role in economic development, channeling saving to investments and facilitating growth. In Eastern Europe financial markets were initially much underdeveloped, and lacked the skills and infrastructure they needed to be efficient, having not acquired them in the pre-transition era. The book offers a both theoretical and empirical analysis of financial markets in transitional economies. It investigates financial markets in Hungary, the Czech Republic, and Poland, and their role in the developments in the 1990s.
Financial Markets play an important role in economic development, channeling saving to investments and facilitating growth. In Eastern Europe finan...
Russel Cooper and Gary Madden The present volume analyses the frontiers of broadband, electronic and mobile commerce markets. High-capacity and intelligent mobile telecommunication net works have resulted in new services, such as SMS and Internet banking. Growth in mobile Internet network infrastructure and subscription has provided a base for the development of e-commerce. Accordingly, recent research on broadband net works is forward-looking, e. g., forecasting Internet telephony adoption and the structure of future retail markets. The broadband regime brings with it concerns of identifying...
Russel Cooper and Gary Madden The present volume analyses the frontiers of broadband, electronic and mobile commerce markets. High-capacity and intell...
A pilot ?ying to a distant city needs to check his position, ?ight path and weather conditions, and must constantly keep his plane under control to land safely.TheIfosurveydataprovideadvanceinformationonchangingeconomic weather conditions and help keep the economy under control. To be sure, by their very nature they only provide short-term information. But like a plane, the economy will not be able to reach its long-term goals if it strays o? course in the short term. The Ifo survey data provide the most comprehensive and accurate, - to-date database in Europe on the state of the business...
A pilot ?ying to a distant city needs to check his position, ?ight path and weather conditions, and must constantly keep his plane under control to la...
In this book, locational preferences of firms in The Netherlands and Germany are studied from a behavioural point of view. Stated preferences of entrepreneurs in each country are examined, using various types of statistical analysis. The influence of both firm and place characteristics is analysed. Special attention is given to the relation between distance and rating. Other topics mentioned are changes in the rating patterns in time, the relation of locational preferences with other types of spatial preferences and with locational behaviour. The results of the analyses may be regarded as...
In this book, locational preferences of firms in The Netherlands and Germany are studied from a behavioural point of view. Stated preferences of en...
Theory of international trade is merged with models of political economy in order to illustrate puzzling issues in a world of rapid trade integration: How can regionalism and multilaterism be compatible and welfare be improved in a world of expanding trading blocks? How can a sustainable mechanism of trade integration be designed in Central Europe? How can foreign direct investment affect volumes and direction of trade? The Political Economy of Trade Integration reveals answers and policy implications.
Theory of international trade is merged with models of political economy in order to illustrate puzzling issues in a world of rapid trade integration:...
One aim of this book is to examine the causes of fluctuations in the mark/dollar, pound/dollar, and yen/dollar real exchange rates for the period 1972-1994 with quarterly data to determine appropriate policy recommendations to reduce these movements. A second aim is to investigate whether the three real exchange rates are covariance-stationary or not and to which extent they are covariance-stationary, respectively. These aims are reached by using a two-country overshooting model for real exchange rates with real government expenditure and by applying Johansen's maximum likelihood...
One aim of this book is to examine the causes of fluctuations in the mark/dollar, pound/dollar, and yen/dollar real exchange rates for the period 1972...
This book comprises the articles of the 6th Econometric Workshop in Karlsruhe, Germany. In the first part approaches from traditional econometrics and innovative methods from machine learning such as neural nets are applied to financial issues. Neural Networks are successfully applied to different areas such as debtor analysis, forecasting and corporate finance. In the second part various aspects from Value-at-Risk are discussed. The proceedings describe the legal framework, review the basics and discuss new approaches such as shortfall measures and credit risk.
This book comprises the articles of the 6th Econometric Workshop in Karlsruhe, Germany. In the first part approaches from traditional econometrics and...
With the abolition of exchange rates the role of wage formation in the European Monetary Union changes fundamentally and national economic policy in particular fiscal policy faces new restrictions. These are analysed in the first two chapters. A major impact is expected for wage formation. To achieve a convergence of economic developments wage finding has to follow in all EMU member countries basically the same rules. An empirical investigation using econometric methods show that this is presently not yet the case. In particular in the southern European countries wage finding is different...
With the abolition of exchange rates the role of wage formation in the European Monetary Union changes fundamentally and national economic policy in p...
The book deals with the calculation of costs for road infrastructure and congestion and the allocation of these costs to vehicle types. It focusses on heavy goods vehicles. The most important features of the book are i) the review of the state of the art, ii) a discussion of the theoretical requirements for cost accounts under the aspects of different pricing purposes, iii) a comprehensive treatment of various methodological issues for cost calculation, iv) the elaboration of empirical results for the EU-countries and Switzerland. Of particular value is the fact that existing practice of road...
The book deals with the calculation of costs for road infrastructure and congestion and the allocation of these costs to vehicle types. It focusses on...
Several interesting results on the economics of industrial districts are collected in this book. The first part investigates over internal determinants of industrial district competitiveness looking at internal productivity, at patterns of innovation and at those factors which create a favorable industrial atmosphere. The second part of the book investigates over foreign competitiveness of industrial districts focusing on the performance of export and of other forms of internationalisation.
Several interesting results on the economics of industrial districts are collected in this book. The first part investigates over internal determinant...
