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Money Market Integration

Author/Editor: Leonardo Bartolini, R Spence Hilton, Alessandro Prati.

Release Date:September, 2006

We use transaction-level data and detailed modeling of the high-frequency behavior of federal funds and Eurodollar yield spreads to provide evidence of strong integration between the federal funds more...



Price: $18.00
Are Exchange Rates Excessively Volatile? and What Does "Excessively Volatile" Mean, Anyway?

Author/Editor: Gordon M Bodnar, Leonardo Bartolini.

Release Date:August, 1995

Using data for the major currencies from 1973 to 1994, we apply recent tests of asset price volatility to re-examine whether exchange rates have been excessively volatile with respect to the more...



Price: $15.00
Fiscal Restructuring in the Group of Seven Major Industrial Countries in the 1990's : Macroeconomic Effects

Author/Editor: Leonardo Bartolini, Steven A Symansky, Assaf Razin.

Release Date:March, 1995

This paper studies the fiscal restructuring of the first half of the 1990s in the major industrial countries. It presents and calibrates a simple model of the labor market and integrates it into a more...



Price: $15.00
Financing the Transition of Previously Centrally Planned Economies : Macroeconomic Effectson Western Europe

Author/Editor: Steven A Symansky, Leonardo Bartolini.

Release Date:December, 1994

Under alternative assumptions on the likely developments in external financing of PCPE transition, and based on a multi-country, forward-looking model that includes a simplified PCPE block, we more...



Price: $15.00
Treasury Bill Auctions : Issues and Uses

Author/Editor: Carlo Cottarelli, Leonardo Bartolini.

Release Date:November, 1994

We review the main issues that arise in the design of treasury bill auctions and survey the relevant empirical literature. We also provide a detailed description of the actual design of these more...



Price: $15.00
Exchange Rates and Economic Fundamentals : A Framework for Analysis

Author/Editor: Steven A Symansky, Peter B Clark, Leonardo Bartolini, Tamim Bayoumi.

Release Date:September, 1994

This paper summarizes the methods and types of indicators that are often employed, both insid and outside the IMF, to assess whether exchange rates are broadly in line with economic fundamentals. more...



Price: $15.00
Devaluation and Competitiveness in a Small Open Economy : Ireland 1987-1993

Author/Editor: Leonardo Bartolini.

Release Date:November, 1993

This paper studies market expectations of a devaluation of the Irish pound from 1987 to 1993 and relates them to the evolution of Ireland’s competitiveness over the same period. Changes in more...



Price: $15.00
An Analysis of the Process of Capital Liberalization in Italy

Author/Editor: Gordon M Bodnar, Leonardo Bartolini.

Release Date:April, 1992

Beginning in 1985 Italy embarked on a path of progressive removal of its system of controls on portfolio investment, a process formally completed with the abolition of all remaining restrictions in more...



Price: $15.00
Target Zones and Forward Rates in a Model with Repeated Realignments

Author/Editor: Gordon M Bodnar, Leonardo Bartolini.

Release Date:March, 1992

This paper studies the implications of the imperfect credibility of an exchange rate target zone on the term structure of forward premia. The relationship between spot and forward exchange rates of more...



Price: $15.00
Government Ponzi Games and Debt Dynamics Under Uncertainty

Author/Editor: Leonardo Bartolini, Carlo Cottarelli.

Release Date:December, 1991

We investigate the conditions for sustainability of debt roll-over schemes under uncertainty. In contrast with the requirements identified in recent research, we show that a necessary and sufficient more...



Price: $15.00
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