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Viitteet 31-40 / 545
The Chinese government's new approach to ownership and financial control of strategic state-owned enterprises
(25.04.2007)
BOFIT Discussion Papers 10/2007
BOFIT Discussion Papers 10/2007
This paper reviews recent regulatory and policy changes that affect the Chinese central government's ownership and authority over the capital allocations of strategic state-owned enterprises (SOE).The paper examines the ...
Transition in FSU and sub-Saharan countries : The role of institutions
(30.08.2002)
BOFIT Discussion Papers 10/2002
BOFIT Discussion Papers 10/2002
This study compares transition processes in countries of Central and Eastern Europe, the former Soviet Union (FSU) and sub-Saharan Africa.By widening the scope from most- to least-developed transition economies, the study ...
Currency crisis theories : Some explanations for the Russian case
(19.01.1999)
BOFIT Discussion Papers 1/1999
BOFIT Discussion Papers 1/1999
The paper examines currency crisis theories and applies them in searching for the main causes of the Russian crisis.We first study the determination of the exchange rate and then the first and second generation theories ...
Price variability and the speed of adjustment to the law of one price : evidence from Slovakia
(05.05.2004)
BOFIT Discussion Papers 3/2004
BOFIT Discussion Papers 3/2004
This paper uses a large panel data set of monthly frequency final good and service prices in thirty-eight Slovak districts over a five-year period to study price variability and the working of the law of one price.We ...
Do asymmetric terms of trade shocks affect private savings in a transition economy?
(05.05.2003)
BOFIT Discussion Papers 3/2003
BOFIT Discussion Papers 3/2003
This paper examines whether terms of trade shocks have an asymmetric effect on private savings in transition economies.A simple three-period framework is developed to show that, in the presence of binding credit constraints ...
The role of oil prices and the real exchange rate in Russia's economy
(20.02.2002)
BOFIT Discussion Papers 3/2002
BOFIT Discussion Papers 3/2002
Most people seem to think that Russia's economy and fiscal situation are still crucially tied up with international oil prices and the exchange rate of the rouble, although this view has recently been challenged by some ...
Accession countries' comparative advantage in the internal market : A trade and factor analysis
(18.02.2001)
BOFIT Discussion Papers 3/2001
BOFIT Discussion Papers 3/2001
We analyse trade between Central and Eastern European (CEE) countries and the European Union during 1993-1998 using three methods.First, we calculate the share of intra-industry trade to determine the extent to which two ...
Cross listing and firm value : corporate governance or market segmentation? : an empirical study of the stock market
(20.09.2005)
BOFIT Discussion Papers 14/2005
BOFIT Discussion Papers 14/2005
This study investigates the economic consequences of cross-listing on the Chinese stock market.We argue that by adopting a higher disclosure standard through cross- listing firms voluntarily commit themselves to reducing ...
Just how undervalued is the Chinese renminbi
(01.10.2004)
BOFIT Discussion Papers 14/2004
BOFIT Discussion Papers 14/2004
Given that the value of China s currency has been hot topic recently, this paper explores the equilibrium levels of China s real and nominal exchange rates.Employing a Johansen cointegration framework, we focus on the ...
The monetary approach to exchange rates in the CEECs
(10.12.2003)
BOFIT Discussion Papers 14/2003
BOFIT Discussion Papers 14/2003
A panel data set for six Central and Eastern European countries (the Czech Republic, Hungary, Poland, Romania, Slovakia and Slovenia) is used to estimate the monetary exchange rate model with panel cointegration methods, ...