This book includes the materials from author's PhD thesis. In the past three decades, the use of foreign currency options has increased exponentially as a hedging tool and for speculative purposes into a major foreign exchange activity. Increased use of foreign currency options is a reflection of the explosive growth in the use of other kinds of options. It leads a major concern about the improvements in pricing currency options in the 24- hour-a-day basis foreign exchange market. In order to ensure that options are correctly priced, the options market needs to be efficient. This book, therefore, provides a systematic analysis of the key issues currency options pricing and its market efficiency. The contemporary market microstructure...
ISBN: 978-3-6392-9957-1
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Дата выхода: июль 2011
This book investigates the relative merits of different exchange rate regimes along several dimensions, especially with respect to reductions in inflation, the promotion of financial deepening and the avoidance of stagnation in output. The main findings are that a common currency -combined with no legal restrictions on exchange, helps the financial periphery to overcome liquidity problems and the constraints they imply on output. Moreover, since an exchange rate regime is defined by a particular choice and financing of monetary targets while volatility reflects the presence of endogenous economic fluctuations, the scope for economic fluctuations can be typically reduced by a policy of inflation targeting, when compared to either a (free)...
ISBN: 978-3-6392-5887-5
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Книга по требованию
Дата выхода: июль 2011
Ziel dieser Arbeit ist die Beleuchtung der Annaherung Estlands an die Europaische Union mit besonderer Berucksichtigung der Geldpolitik. Ebenso wie fur den EU-Beitritt mussen naturlich auch fur die Teilnahme an der Wahrungsunion Kriterien erfullt werden. In diesem Zusammenhang stellt sich daher die Frage ob das Currency Board Estlands den daraus erwachsenen Anspruchen gerecht wird und den notigen Rahmen fur einen zukunftigen Euro-Beitritt schafft. Данное издание не является оригинальным. Книга печатается по технологии принт-он-деманд после получения заказа.
ISBN: 978-3-6391-9456-2
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Книга по требованию
Дата выхода: июль 2011
Since the collapse of the Soviet Union, former communist countries have evolved in a challenging effort to transform their centrally planned economies into market economies. Entry into the European Union (EU) and Foreign Direct Investment (FDI) have been imperative to the reform process, promoting economic growth and stability in transitional countries in Central and Eastern Europe and in the Baltic (CEEB). Typically taking between 8 and 11 years to complete, the EU accession process includes four major public announcements, which can provide a gauge on a countries’ reform progress. There is very little research on the relationships between the EU accession process, FDI and economic growth in countries that have recently entered the...
ISBN: 978-3-6391-9041-0
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Книга по требованию
Дата выхода: июль 2011
This book is an attempt to test the magnitude of integration for capital mobility among EU economies for the time period 1991-2009. It has been observed that there is strong evidence in favor of higher degree of capital mobility for many EU countries, especially at euro currency period and in euro zone.There has been worth policy changes in capital market in the euro area in recent years and pointed towards the increased degree of capital market integration. Especially in the euro zone, these changes have been driven by the introduction of the single currency euro, technological advances and increased cross boarder transactions. Apart from all other previous studies of the F-H test, the present study has used time series econometric...
ISBN: 978-3-6391-4873-2
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Книга по требованию
Дата выхода: июль 2011
Ist das Vergaberecht anzuwenden? Darf der Auftrag direkt vergeben werden? Die Umsetzung von EU-Strukturfondsprogrammen und -projekten wirft viele solcher Fragen auf. Die Komplexitat des Vergaberechts fuhrt mitunter zu rechtswidrigen Auftragsvergaben. Die Folgen sind gravierend und reichen von Ruckforderungen der Fordergelder bis zu Schadenersatzverpflichtungen. Das Buch tragt dazu bei, diese Risiken zu vermeiden. An Beispielen aus der Praxis zeigt die Autorin Fehler bei der Auftragsvergabe auf und gibt Tipps fur rechtskonforme Beschaffungen. Ferner werden wichtige, in der Fachliteratur kaum behandelte Fragen bearbeitet wie die Direktvergabe in EU-Projekten oder die Abgrenzung zwischen Auftrags- und Subventionsvergabe. Anhand eines...
ISBN: 978-3-8364-9975-0
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Книга по требованию
Дата выхода: июль 2011
Frederic P. Miller, Agnes F. Vandome, John McBrewster
High Quality Content by WIKIPEDIA articles! The Eurasian Economic Community (EAEC or EurAsEC) originated from the Commonwealth of Independent States customs union between Belarus, Russia and Kazakhstan on 29 March 1996. The Treaty on the establishment of the Eurasian Economic Community was signed on 10 October 2000, in Kazakhstan's capital Astana by Presidents Alexander Lukashenko of Belarus, Nursultan Nazarbayev of Kazakhstan, Askar Akayev of Kyrgyzstan, Vladimir Putin of Russia, and Emomali Rakhmonov of Tajikistan. On 7 October 2005 it was decided between the member states that Uzbekistan would join. Freedom of movement is implemented among the members (no visa requirements). Common Economic Space may be launched on 1 January 2010....
ISBN: 978-6-1326-2701-8
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Книга по требованию
Дата выхода: июль 2011
Frederic P. Miller, Agnes F. Vandome, John McBrewster
Euro gold and silver commemorative coins are special euro coins minted and issued by member states of the Eurozone, mainly in gold and silver, although other precious metals are also used in rare occasions. Greece was one of the first twelve countries in the Eurozone that introduced the euro (€) on 1 January 2002. Since 2003, the Mint of Greece have been minting both normal issues of Greek euro coins, which are intended for circulation, and commemorative euro coins in gold and silver. These special coins have a legal tender only in Greece, unlike the normal issues of the Greek euro coins, which have a legal tender in every country of the Eurozone. This means that the commemorative coins made of gold and silver cannot be used as money...
ISBN: 978-6-1307-7971-9
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Книга по требованию
Дата выхода: июль 2011
Frederic P. Miller, Agnes F. Vandome, John McBrewster
Euro gold and silver commemorative coins are special euro coins minted and issued by member states of the Eurozone. They are minted mainly in gold and silver, although other precious metals are also used on rare occasions. Austria was one of the first twelve countries in the Eurozone to introduce the euro (€), on 1 January 2002. Since then, the Austrian Mint has been minting both normal issues of Austrian euro coins (which are intended for circulation) and commemorative euro coins in gold and silver. These commemorative coins are legal tender only in Austria, unlike the normal issues of the Austrian euro coins, which are legal tender in every country of the Eurozone. This means that the commemorative coins made of gold and silver...
ISBN: 978-6-1307-0326-4
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Книга по требованию
Дата выхода: июль 2011
Frederic P. Miller, Agnes F. Vandome, John McBrewster
Euro gold and silver commemorative coins are special euro coins minted and issued by member states of the Eurozone, mainly in gold and silver, although other precious metals are also used in rare occasions. Finland was one of the first twelve countries in the Eurozone that introduced the euro (€) on 1 January 2002. Since then, the Mint of Finland Ltd. have been minting both normal issues of Finnish euro coins, which are intended for circulation, and commemorative euro coins in gold and silver. These special coins have a legal tender only in Finland, unlike the normal issues of the Finnish euro coins, which have a legal tender in every country of the Eurozone. This means that the commemorative coins made of gold and silver cannot be...
ISBN: 978-6-1307-1282-2
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Книга по требованию
Дата выхода: июль 2011
On January 1, 2005 the EU ETS was launched. It is a multinational emission trading system helping participating countries to reach their Kyoto targets. The first three years after its implementation was Phase I, a learning phase offering a trial-and-error approach for the following compliance period. Despite its weaknesses and the many obstacles and problems along the path from development to realization, most critics agreed that it is a success. This work gives an overview and evaluates the challenges and opportunites such a system yields. Данное издание не является оригинальным. Книга печатается по технологии принт-он-деманд после получения...
ISBN: 978-3-6392-5538-6
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Книга по требованию
Дата выхода: июль 2011
The inclusion of 10 CEECs countries in 2004 into the orbit of European Union raised doubts about future of its trade relations with the developing countries, in general and Pakistan, in particular. As per the prediction of economic integration theory, the enlargement will have to strengthen the trade with the EU10 at the cost of non member countries including Pakistan. However, the European Union enlargement would carry both possible opportunities and serious threats for Pakistan. This book explores that whether the European Union enlargement has posed any threat for Pakistan's textiles trade expansion in the enlarged EU market? The main thrust of the book is to answering the question that how far Pakistan will fare as per European...
ISBN: 978-3-6392-5262-0
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Книга по требованию
Дата выхода: июль 2011
During the early 1980s, Europe suffered from slow economic growth. As a result of this stagnant growth pattern, the European Union created new economic policies and reforms, which eliminated tariffs and barriers among European member states, and set new rules for competition law. The European Union eliminated most regional trade barriers but was not able to achieve the same success with inter-regional barriers. While many supporters of European Union applauded the reform, several American companies claimed that Europe’s new economic regulations pose disadvantages for American companies in form of a fortress. Constraints are the outcomes of different institutional regulations and protectionism. This book will present the arguments from...
ISBN: 978-3-6391-3352-3
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Книга по требованию
Дата выхода: июль 2011
Die EU-Erweiterung stellt die EU und ihre Burgerinnen und Burger nicht nur vor wirtschaftliche und verwaltungstechnische Aufgaben. Das Bewusstsein wachst, dass kulturelle Aspekte vor allem in Zusammenhang mit der Suche nach Identitat, nach Losungsansatzen zu aktuellen gesellschaftlichen Problemen und nach einer Zukunftsvision, nicht nur aber auch im okonomischen Sinne fur Europa eine wichtige Rolle spielen. Kann die europaische Kulturpolitik mit ihrem Programm "Kultur 2000" hierzu einen Beitrag leisten? Die vorliegende Arbeit beschaftigt sich mit Programmen europaischer Kulturpolitik bei der Einbindung neuer Lander wahrend der "Osterweiterung" der EU. Sie beleuchtet das weite Themenfeld Kulturpolitik der EU und fragt im Rahmen einer...
ISBN: 978-3-6390-2201-8
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Книга по требованию
Дата выхода: июль 2011
This book introduces the readers EU's support measures on common agricultural policy. The application of the support system, which is applied in and outside of the EU, for protecting internal producers, is compared with the Turkey's ARIP programme. This comparison is done to bring better understanding on protective measures, which is done in and outside of the EU. The estimation of the net contribution of support measures on producers gain is calculated by using the OECD's Producer Subsidy Equivalent method. Данное издание не является оригинальным. Книга печатается по технологии принт-он-деманд после получения заказа.
ISBN: 978-3-8433-5016-7
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Книга по требованию
Дата выхода: июль 2011
The purpose of this study is to estimate the impact of exchange rate on balance of trade of developing countries, particularly, Bangladesh. This paper employed state-of-the-art cointegration techniques and the error correction mechanism to explore the linkage between trade balance, and real exchange rate in both short- and long-run. Estimated results demonstrate that the real exchange rate has a significant positive influence on Bangladeshi trade balance. Granger Causality test suggests that there are both way causal relations between balance of trade and real exchange rate. The study also examined whether the Marshall–Lerner condition holds in Bangladeshi data by using the Impulse Response Function which suggests that the J-curve idea...
ISBN: 978-3-6393-1016-0
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Книга по требованию
Дата выхода: июль 2011
This book addresses the need for an empirical analysis of the behavioral dynamics of exchange rates. It includes discussions on step-by-step and simple to complex approach in the development of econometric theory in two particular areas: Kalman Filter based and ARFIMA modeling. These two methodologies are used to conduct the structural modeling and analysis. Key Features: 1 A new variant of the ARFIMA model is used to perform forecasting and conduct empirical analysis. 2 Kalman Filter based modeling is used to compare and contrast results obtained from the new variant of ARFIMA model. 3 The effects of structural change and the present of outliers are looked into. 4 An empirical verification that the new variant of ARFIMA can beat the...
ISBN: 978-3-6390-9510-4
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Книга по требованию
Дата выхода: июль 2011
As of now Indian rupee has been under the market determined exchange rate system for almost 16 years and in this period one would expect more fluctuation in the exchange rate. This paper seeks to revisit the issue of exchange rate (Rupee-Dollar exchange rate) and its impact on exports to see whether there is any significant relationship between them in the post-liberalisation period (April 1991 to December 2007). Using a multiple regression model (in which monthly data of all the variables are taken), the study finds that exchange rate is not the main factor, there are such other factors as lagged values of exchange rate, India's GDP, and its domestic demand which are affecting India's exports. Данное издание не...
ISBN: 978-3-6393-0700-9
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Книга по требованию
Дата выхода: июль 2011
The favorable Mexico-United States exchange rate has been cited as an important factor for the growth in exports of agri-food products from Mexico to the United States. Some analysts have also emphasized the importance of NAFTA and the exchange rate volatility in the performance of the Mexico-US agri- food trade. An important policy question is the extent to which changes in the Mexico-US exchange rate and its volatility have contributed to the growth in agri-food trade between these two countries. The results from cointegration analysis show that while changes in exchange rate have a positive effect on trade flows, volatility of the exchange rate has a negative effect on trade flows. The results indicate that the volatility measure...
ISBN: 978-3-6390-4068-5
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Книга по требованию
Дата выхода: июль 2011
The book presents the research on influence of the exchange rate on the trade balance in Ukraine over 2002 – 2008. The work proposes a wide analysis and several criteria classification of previous literature. It also includes an overview of theoretical model proposed by Ross and Yellen (1989) which was used as basis for empirical testing. It allows using different model techniques from liner regression analysis till VAR models. Finally, the book discusses policy applications of the results. Данное издание не является оригинальным. Книга печатается по технологии принт-он-деманд после получения заказа.
ISBN: 978-3-8383-9058-1
Издательство:
Книга по требованию
Дата выхода: июль 2011
In spite of numerous socioeconomic problems in Sub-Saharan Africa (SSA), there has been an increasing growth of Internet connectivity, and much business activity has arisen to take advantage of this technology; the dark continent shines with new opportunities that have arisen in the information age. This book describes an investigation of experts’ assessments of the pertinent factors affecting e-business in SSA from the dual perspective of national infrastructure and culture. From a national infrastructure perspective, experts respond regarding the effects of national policies on information and communication technology (ICT) and e-business, ICT infrastructure, national governance institutions, and commercial infrastructure. From the...
ISBN: 978-3-6392-3615-6
Издательство:
Книга по требованию
Дата выхода: июль 2011
Frederic P. Miller, Agnes F. Vandome, John McBrewster
High Quality Content by WIKIPEDIA articles! Expo 2010, officially Expo 2010 Shanghai China will be held in the city of Shanghai, China from May 1 to October 31, 2010 and is a scheduled World Expo in the tradition of international fairs and expositions. The theme of the exposition will be "Better City – Better Life" and signifies Shanghai's new status in the 21st century as the "next great world city". It is the most expensive Expo in the history of the world's fairs. The expo Logo features the Chinese character modified to represent three people together with the 2010 date. It is also the largest World's Fair site ever at 5.28 square km. More than 190 countries and more than 50 international organizations have registered to participate...
ISBN: 978-6-1317-2760-3
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Книга по требованию
Дата выхода: июль 2011
Topic of master thesis “Exporting High Value Added Agricultural Products in Moldova: Opportunities and Challenges for Developing Countries”. This paper contains the results of the analysis of Moldova’s export competitiveness with regard to high value-added agricultural (HVA) products. In the paper I try to answer the question of whether Moldova has comparative and competitive advantages in the export of HVA products and how it is using these advantages. In the first – Description of the Problem - chapter, I provide a background on the problem: some facts on the dynamics and underlying causes of the growing world trade in HVA products, and a brief overview of existing studies on Moldova’s agricultural competitiveness. In the...
ISBN: 978-3-6391-9720-4
Издательство:
Книга по требованию
Дата выхода: июль 2011