Ltd. 9600 Garsington Road, Oxford OX4 2DQ, UK and 350 Main Street, Malden, MA 02148, USA
International Finance 13:3, 2010: pp. 409–441
DOI: 10.1111/j.1468-2362.2010.01267.x
page
ing a [...] Dreger, C., and J. Wolters (2010), ‘Investigating M3 Money Demand in the Euro
Area’, Journal of International Money and Finance, 29, 111–22.
Ehrmann, M., and F. Smets (2003), ‘Uncertain Potential Output [...]
577–96.
Stracca, L. (2007), ‘A Speed Limit Monetary Policy Rule for the Euro Area’,
International Finance, 10(1), 21–41.
Svensson, L., and M. Woodford (2002), ‘Indicator Variables for Optimal
commercial banks and cen-
tral banks, and his work has been published in
various national and international journals. He
also presides over Aktionskreis Stabiles Geld, an
association of economics professors [...] markets, especially cash in circulation,
and his work has been published in various
national and international journals. For many
years, Professor Seitz has worked as a consul-
tant for central banks, commercial [...] financial market crisis,
natural disaster) and their effects on the demand for
cash in an international context. As evidence from
the last 30 years shows, demand for cash increases
during periods
for Switzerland", Genève.
Joines, D. H. (1985). "International Currency Substitution and the Income Velocity of Money", Journal of International Money and Finance, Vol. 4, No.3, pp. 303-316.
Johansen [...] or international mobility rather than CS; see e.g. Brillembourg/Schadler (1979), Cuddington (1983), Thomas (1985). McKinnon (1982) uses the term "indirect CS". In general, the term "(international) portfolio [...] it is probably above all the D-Mark that falls into this category because of its role as an international investment, reserve and anchor currency.� Variables which are able to capture these effects (in
Board of Governors of the Federal Reserve System,
International Finance Discussion Papers 657, January.
European Central Bank (2011), The International Role of the Euro, July.
EHI Retail Institute [...] euro banknotes held outside the
euro area are an indication of the role of the euro as an international reserve currency.
As in other countries, there are no statistics that directly record the [...] countries) has little to do
with domestic seasonal developments.8 This depends more on the international reputation of
the euro and unstable developments in the destination countries. Hence, foreign
*
Dies ist die überarbeitete Version eines Vortrags, der auf der Internationalen Fachtagung der VWL-
Professoren an deutschsprachigen Hochschulen in Jena im Mai 2011 gehalten [...] festhielt. Interessanter Weise hatte Deutschland während der Strategie mit
Geldmengenzielen stets international sehr niedrige Inflationsraten und wurde von
größeren Finanzmarktkrisen verschont.
Die [...] erfolgen.
page
6
Abb. 1: Der langfristige Geldmengen-Preis-Zusammenhang: internationale Evidenz
Quelle: Papademos/Stark (2010), S. 33.
Abb. 3 konzentriert sich dagegen
Kartengestützte Zahlungssysteme im Einzelhandel.
Cologne.
European Central Bank, 2011a. The international role of the Euro. July.
European Central Bank, 2011b. Guideline of the ECB of 30 June 2011 amending
nicht nur Lob für die EZB-Geldpolitik.
Prof. Dr. Franz Seitz von der OTH Amberg-Weiden ist ein international gefragter Experte für Geldpolitik. Foto: Simon Gehr
Interview: Robert Torunsky
Foto: Simon
wirtschaftspolitischen Eingriffen auf
den internationalen Finanzmärkten wird im Kapitel 5 die Frage nach der Notwendigkeit
von regulierten internationalen Kapitalströmen aufgegriffen. Abschließend werden [...] der Risikoverteilung steigen
die Vorteile aus einer internationalen Diversifikation von Wertpapierportfolios mit der
page
Internationale Kapitalströme vor dem Hintergrund der Finanzkrise 327 [...] Industrieländer im internationalen Kapitalverkehr, (c)
die zunehmende Bedeutung der Schwellenländer und (d) die steigende Verästelung der
Kapitalströme.
page
Internationale Kapitalströme vor
cycles. International Journal of Forecasting, 16,
39–58.
Judson, R. (2012). Crisis and calm: Demand for U.S. currency at home and abroad from the fall of the Berlin wall to 2011. International finance [...] positive effects of credit growth to the non-financial
sectors in the United States on (national and international) output growth (see, e.g. Gambetti & Musso, 2016; Lown &
Morgan, 2006; Xu, 2012). Additionally [...] Our forecasting
horizon ranges from h = 1,. . .,8 quarters. In order to control for the 2007–09 international financial crisis, which might have
created a structural break and changed the relationship between
v7n2p2
12
Schneider & Linsbauer (2016) give a literature review on the finances of international crime organizations which shows
that cash is used in many crime activities. Therefore, re [...] Informal Economy of an Emerging Economy:
A multiple indicator, multiple causes (MIMIC) approach. International Journal of Entrepreneurship and Business
282, 154-177.
Im, K S, M H Pesaran & Y Shin (2003) [...] (ed), The
usage, costs and benefits of cash: Theory and evidence from macro and micro data, International Cash
Conference 2012, BonifatiusDruck und Buch Verlag, 15-45.
Pickhardt, M &J Sardà (2013)
S. and M. Melvin (2001), International Economics, 5th ed., Boston et al.: Addison Wesley.
litver Obstfeld , M. and K. Rogoff (1996), Foundations of International Macroeconomics, Cambridge (MA): [...] w.ecb.int).
litver Chinn , M.D. and R. Alquist (2000), Tracking the Euro’s Progress, International Finance 3, 357–373.
litver Deutsche Bank Research (2001) Euro Pushed Down by Eastern Europe
research of central banks and international
financial organisations has not been investigated.
An external committee evaluated the research activities of the International Monetary Fund
(IMF) and concluded [...] small staff, which does not
only publish in international (top) journals but also on a regular basis organise high level
conferences with international research networks such as the National Bureau [...] the OeNB. To ensure the high quality of
their content, the contributions are subjected to an international refereeing process. The
opinions are strictly those of the authors and do in no way commit the
Ramadorai (2016), International Comparative Household
Finance, Annual Review of Economics 8, 111-144.
Badarinza, C., J. Campbell & T. Ramadorai (2017), What Calls to ARMs? International
Evidence on Interest [...] einer festen Zinsbindung gegenüber einer
variablen Verzinsung bei Immobilienfinanzierungen international sehr unterschiedlich ist.4
Uneinigkeit herrscht allerdings in der Literatur darüber, wie die [...] page
21
Rachel, L. & T. D. Smith (2017), Are Low Real Interest Rates Here to Stay?, International
Journal of Central Banking 13(3), 1-42.
Rampini, A. & S. Viswanathan (2016), Household Risk
Econometrica, 33, 671–84.
Warnock, F. E. and Warnock, V. C. (2005) International
capital flows and US interest rates, International
Finance Discussion Paper No. 840, September 2005.
West, K. D. (1988) [...] 2
0
0
9
page
Monticini and Vaciago, 2005). The third kind of
models discusses the international transmission of
shocks with respect to bond markets (see, e.g.
Ehrmann et al., 2005). And, finally [...] G. (2005)
Empirical exchange rate models of the nineties: are any
fit to survive?, Journal of International Money and
Finance, 24, 1150–75.
Christiano, L., Eichenbaum, M. and Evans, C. (2005)
Nominal
and 38 countries, respectively, Karras (1996a, 1996b) presents evidence for asymmetries in an international context. Moreover, he does not only find asymmetric effects on GDP but also on consumption and [...] inflation (Ball/Mankiw 1994). Caballero/Engel (1992) show that these price rigidities are an international phenomenon. But the results of a recent business survey cast doubt on an asymmetric price setting [...] Vol. 40, pp. 501-533
s1 Ammer, J., Brunner, A. (1995), When is Monetary Policy Effective?, International Finance Discussion Paper No. 520, Board of Governors of the Federal Reserve System, Washington
Verhalten
der wirtschaftspolitischen Instanzen im Inland begründet sein müssen, können zudem
internationale Anleger zu einem Engagement am Kapitalmarkt bewegen und so entge-
gen den „normalen“ Erwartungen [...] Kreditkosten die private Kredit-
nachfrage, was die Zunahme der Geldmenge ebenfalls dämpft.
2. Internationale Wirkungsunterschiede geldpolitischer Impulse
Heterogenitäten ... Die bisherigen Ausführungen [...] war
das Ausmaß der durch Geldmarktzinserhöhungen bewirkten Erhöhung der Kapital-
marktsätze im internationalen Vergleich in der Vergangenheit jedoch sehr unterschied-
lich (Buttiglione et al. 1997). Da diese
– ganz im Sinne
einer Mitmach-Hochschule. So wächst ein immer leis-
tungsfähigeres und auch internationales Netzwerk. Was
in Forschung und Entwicklung im letzten Jahr entstan-
den ist, stellt dieser [...] in the spirit of a participatory
university. This is how an increasingly efficient and also
international network is growing. This research report
presents what has been achieved in research and devel- [...] bayerischen Mittelstand dar und trägt dazu bei, dessen
Leistungs- und Wettbewerbsfähigkeit im internationalen
Wettbewerb zu stärken.
page
11
Projektpartner:
Baumann Automation GmbH, Amberg
System,
International Finance Discussion Papers 657, January.
European Central Bank (2008), The International Role of the Euro, July.
European Central Bank (2010), The International Role of the [...] countries) has
little to do with domestic seasonal developments.19 This depends more on the international
reputation of the euro and unstable developments in the destination countries.20 Hence,
[...] the number of transactions at POS
terminals is comparable (for more details, see Bank for International Settlements (BIS),
2009).
- The size of the shadow economy, in which most transactions
Clarida, R., J. Galí and M. Gertler (1998), Monetary policy rules in practice, Some
international evidence, European Economic Review 42, 1033-1067.
Clarida, R., J. Galí and M. Gertler (2000) [...] 72, 577–
596.
Stracca, L. (2007), A speed limit monetary policy rule for the euro area, International
Finance 10, 21-41.
page
24
Svensson, L. and M. Woodford (2002), Indicator [...] evidence for the German Länder Guntram B. Wolff
08 2007 An assessment of the trends in international
price competitiveness among EMU countries Christoph Fischer
09 2007 Reconsidering the
Seitz (2010), Should Monetary Policy
Respond to Money Growth? New Results for the Euro Area, in: International Finance 13,
s. 409-441.
Shiller, Robert J. (2001), Human Behavior and the Efficiency of the
Seitz (2010), Should Monetary Policy Respond to
Money Growth? New Results for the Euro Area, International Finance 13, S. 409*441.
Shiller, R. (2001), Human Behavior and the Efficiency of the Financial [...] Seitz, Gerhard Rösl und Nikolaus Bartzsch
31 Labour Market Institutions and Unemployment. An International Comparison
von Horst Rottmann und Gebhard Flaig
32 The Rule of the IMF in the European Debt
Disentangling the College Wage Premium: Estimating a Model
with Endogenous Education Choices. In: International Economic Review, Vol. 47, No. 4,
pp. 1151–1185.
Fitzenberger, Bernd; Osikominu, Aderonke; [...] Experience and Earnings Profiles
of Temporary and Permanent Immigrant Workers in Germany. In: Internationale Review of
Applied Economics, Vol. 8, pp. 130–156.
Liu, P. W.; Wong, Y. C. (1982): Educational
Labour Market Institutions and Unemployment. An International Comparison
pdf:docinfo:subject Labour Market Institutions and Unemployment. An International Comparison
pdf:hasMarkedContent true
xm [...] Institutions and Unemployment. An International Comparison
Keywords CESifo Working Paper no. 3558
employment protection, labour market institutions, unemployment, international comparison
Keywords CESifo [...] unemployment, international comparison
access_permission:modify_annotations true
dc:creator Gebhard.Flaig, Horst.Rottmann
description Labour Market Institutions and Unemployment. An International Comparison
durch nationale
Behörden erhobenen Arbeitslosenquoten international nicht vergleichbar. Als abhängige Variable
verwenden wir deshalb die international standardisierte Arbeitslosenquote (Quelle: OECD). Die [...] Schlüsselworte: Arbeitslosenquote, Arbeitslosigkeit, Arbeitsmarktinstitutionen, Panelschätzungen,
internationaler Vergleich, Kündigungsschutz, Lohnersatzrate, Abgabenkeil.
Gebhard Flaig Horst Rottmann [...] Lohnforderungen und -abschlüssen, was die Arbeitslosigkeit erhöht.
Es ist nicht einfach, international vergleichbare Daten über die Steuer- und Abgabenbelastung zu
konstruieren. Ein Ansatz verwendet
in der Praxis zunehmend an Bedeutung. Dies zeigt
sich auch in der Festlegung nationaler und internationaler
Standards zur Leistungsmessung. In Deutschland entwi-
ckelte die Deutsche Vereinigung für Fi