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Based on historical accounts of "manias and panics," we explore a model of speculative behaviour in which apparent overvaluation increases the probability of a stock mark[...]
1993 | Text | Staff Working Paper - Document de travail du personnel |
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This paper presents empirical evidence linking the Canada-U.S. real exchange rate with terms-of-trade variables. Using recently developed econometric methods for nonstati[...]
1993 | Text | Staff Working Paper - Document de travail du personnel |
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This paper develops a new test for speculative bubbles which is applied to data for the exchange rate of the Japanese yen, the Deutsche mark and the Canadian dollar again[...]
1993 | Text | Staff Working Paper - Document de travail du personnel |
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This paper examines the ability of the linear-quadratic model under rational expectations to explain the dynamic behaviour of broad money aggregates in Germany, Japan and[...]
1993 | Text | Staff Working Paper - Document de travail du personnel |
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To assure liquidity needs and the robustness of loss allocation in a clearing and settlement system based on netting, collateral requirements and net debit caps could be [...]
1993 | Text | Staff Working Paper - Document de travail du personnel |
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Cette étude traite du choix d’un régime de taux de change pour le Mexique en analysant l’optimalité d’une zone monétaire commune avec les États Unis. Le critère utilisé e[...]
1993 | Text | Document de travail du personnel - Staff Working Paper |
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Stockout avoidance inventory models imply that firms maintain inventory stocks that are low -too low to be justified by the data. The reason is that these models are base[...]
1993 | Text | Staff Working Paper - Document de travail du personnel |
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