Economics Projects, Dissertations, Thesis, Economics Research Papers, Working Papers, Cases, Examples, Resources
The tax treatment of housing is important because it constitutes a large share of all household wealth. In a dynamic setting, housing is both an asset and a consumption good. But should it be taxed like other forms of consumption or like other
It is important to have an efficient cross-border payment systems. This paper presents a model depicting cross-border payment systems as a mixed oligopoly. A private net settlement system that maximises profit competes with the central banks’ gross settlement system that maximises welfare. It
After a period of convergence in the early and mid-1990s, the euro area economies may have started diverging. As a consequence, the common monetary policy could become well-suited for a number of countries. This paper discusses the extent and severity of the
Access to private capital markets is the most salient difference between emerging market economies and other developing countries. However, in contrast to developed economies, emerging markets have had a troubled relationship with capital flows… Contents 1 Sovereign Default Risk and Volatility 1.1
The study deals with the international transmission of economic shocks, their consequences for exchange rates and the reconciliation of exchange rate management with monetary policy. The theoretical part of the study consists of a mainstream model of two large, interdependent economies with
This study demonstrates that the common view, whereby an increase in competition leads banks to increased risk taking, fails to hold in an environment where consumers can choose in which bank to make a deposit based on their knowledge of the riskiness
The fact that there were several similarities between the financial crises in Mexico 1995 and Asia 1997 makes it interesting to examine whether a model that explained the Mexican crisis also can be applied on the Asian crisis. Thus, this thesis aim
We develop a theoretical framework aimed to model the pricing of electronic money (electronic cash cards) and the market domain in which it will be used. We first calculate the fee structures of electronic cash- and charge-card industries for the monopoly and
In order to study the role of money in an inflation targeting regime for monetary policy, we compare the interest rate and money as monetary policy instruments. Our dynamic stochastic general equilibrium model combines the money-in-the utility-function approach with sticky prices. We
The relationship between asset prices and consumer price inflation has been in the limelight again in the last decade.The reason has been the observed linkages in the early 1990’s between housing as well as stock market prices and consumer prices in Japan