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Showing result 6 - 10 of 18 essays matching the above criteria.

  1. 6. Costs and benefits of using the Rand as common currency in southern Africa

    University essay from Lunds universitet/Ekonomisk-historiska institutionen

    Author : Bettina Chlond; [2018]
    Keywords : monetary union; Rand; Common Monetary Area; South African Reserve Bank; Taylor Rule; Business and Economics;

    Abstract : Do monetary unions between developing economies support sustainable economic development for the members? Previous research has only considered traditional research methods to examine costs and benefits of monetary unions in developing regions. This thesis applies new measures to determine how the operation of institutions encounters specific problems of developing economies for the case of the Common Monetary Area in southern Africa. READ MORE

  3. 7. Current account imbalances in the European Union - Can convergence and competitiveness explain the intra-EU current account imbalances

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Simon Ljungqvist; Johan Eberhard; [2015]
    Keywords : Intra-EU current account imbalances; convergence; competitiveness; EMU; financial crisis; Business and Economics;

    Abstract : The current account within the EU has been balanced on an aggregate level; nevertheless divergences among the members have increased since the introduction of the common currency. This thesis aims to explain the intra-EU current account imbalances (in the period 1993-2013) through the convergence and competitiveness hypothesis. READ MORE

  4. 8. Transfer of Sovereign Credit Risk to Corporate Borrowing Costs, Evidence from the European Debt Crisis

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Rohan Gupte; Joachim Rogne; [2015]
    Keywords : Sovereign Credit Risk; Corporate Borrowing Costs; Transfer Risk; Sovereign Debt Crisis; CDS Spreads;

    Abstract : This paper studies whether a risk transfer relationship exists between sovereigns and domestic firms in developed economies. We provide empirical evidence that increases in a government's perceived credit risk have considerable negative implications on its private sector by increasing firm cost of borrowing. READ MORE

  5. 9. Euroland - The effect of Euro on international trade : Are there winners and losers in this ''Euro-game''?

    University essay from Nationalekonomi

    Author : Nikolaos Gkoutsampasoulis; [2014]
    Keywords : European Union; Euro; gravity model; trade effects;

    Abstract : This paper examines whether European Monetary Union (EMU) countries share fairly the effect of their membership in Eurozone (EZ) or whether are winners and losers in this ''Euro-game''. By using panel data of 27 European Union (EU) Member States for the period 2001-2012 in the context of a gravity model, we focus on estimating the Euro’s effect on bilateral trade and we detect whether this effect differs across the Member States of EZ. READ MORE

  6. 10. Currency Unions and International Trade : The Case of the Euro

    University essay from IHH, Economics, Finance and Statistics

    Author : Martina Paulin; [2014]
    Keywords : currency unions; international trade; euro;

    Abstract : The efficiency and practicality of currency areas is a controversial source of debate in the field of economics nowadays. Advocates of the system predict that currency unions lead to higher trade volumes as a result of reduced exchange rate uncertainty and higher integration. READ MORE