منابع مشابه
a study on rate making and required reserves determination in reinsurance market: a simulation
reinsurance is widely recognized as an important instrument in the capital management of an insurance company as well as its risk management tool. this thesis is intended to determine premium rates for different types of reinsurance policies. also, given the fact that the reinsurance coverage of every company depends upon its reserves, so different types of reserves and the method of their calc...
The Political Economy of Exchange Rate Regime Determination: A Comparison of Developing and Developed Countries
The non-optimal choice of exchange rate policy is a serious obstacle to improving the country's economic situation. Considering that the involvement of political economy factors in the adoption of exchange rate policy causes its inefficiency and the choice of exchange rate regime in developing countries seems to has been more influenced by the political economy factors, the study of amount and ...
متن کاملA Reappraisal of the Exchange Rate Determination: A Liquidity Approach
A dynamic general-equilibrium model with limited participation in financial markets is constructed to study the determination of nominal exchange rates in a small open economy with tradable and non-tradable goods. The qualitative and quantitative implications of this framework are assessed under flexible prices. Then, the panel dynamic OLS regression is applied to seek the empirical support for...
متن کاملPolicy Time-Inconsistency: A Comparison of Managed Floating Exchange Rate and Controlled Exchange Rate Regimes
Some empirical and theoretical studies have emphasized on fixed exchange rate regime in controlling time inconsistency, while others consider the role of target zone regime as an important factor. Thus there is no general consensus to decide which exchange rate regime may bring about less time-inconsistency. The main purpose of this study is to investigate policy time-inconsistency in exchange ...
متن کاملEmpirical Tests of Exchange Rate Theory
There have been very few direct applications of experimental techniques in macroeconomics for two main reasons. First, macroeconomics is about the in teraction between markets, and it is not easy to design an elegant treatment that gets at the essence of how a national economy functions. Second, there is a vestigial prejudice that favors econometrics over putatively unorthodox em pirical appr...
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ژورنال
عنوان ژورنال: Journal of Political Economy
سال: 1980
ISSN: 0022-3808,1537-534X
DOI: 10.1086/260897