Gunther Schnabl

University of Leipzig - Institute for Economic Policy

Professor

Institute for Economic Policy

Grimmaische Straße 12

Leipzig, 04109

Germany

http://www.wifa.uni-leipzig.de/iwp/

SCHOLARLY PAPERS

106

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SSRN CITATIONS
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in Total Papers Citations

164

CROSSREF CITATIONS

453

Scholarly Papers (106)

1.

Geldpolitik, Vagabundierende Liquidität Und Platzende Blasen in Neuen Und Aufstrebenden Märkten (Monetary Policy, Vagabonding Liquidity and Bursting Bubbles in New and Emerging Markets)

Wirtschaftsdienst, April 2007
Number of pages: 10 Posted: 27 Apr 2007 Last Revised: 18 May 2013
Gunther Schnabl and Andreas Hoffmann
University of Leipzig - Institute for Economic Policy and Leipzig University
Downloads 994 (29,190)

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Bubbles, Boom-and-Bust Cycles, Monetary Policy, Emerging Markets, Hayek, Wicksell

2.

China's Financial Conundrum and Global Imbalances

BIS Working Paper No. 277
Number of pages: 59 Posted: 30 Jul 2009
Ronald McKinnon and Gunther Schnabl
Stanford University, School of Humanities & Sciences, Department of Economics (Deceased) and University of Leipzig - Institute for Economic Policy
Downloads 927 (32,231)
Citation 1

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global imbalances, Chinese exchange rate regime

3.

Exchange Rate Regimes and Macroeconomic Stability in Central and Eastern Europe

Number of pages: 34 Posted: 12 May 2004
Paul De Grauwe, Paul De Grauwe and Gunther Schnabl
London School of Economics & Political Science (LSE)CESifo (Center for Economic Studies and Ifo Institute for Economic Research) and University of Leipzig - Institute for Economic Policy
Downloads 706 (46,763)
Citation 1

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exchange rate regimes, inflation, growth, Central and Eastern Europe, macroeconomic stability

4.

Die japanischen Lehren für die europäische Krise (Lessons from Japan for the European Crisis)

Gloabal Financial Markets Working Paper No. 36
Number of pages: 24 Posted: 20 Aug 2012
Gunther Schnabl
University of Leipzig - Institute for Economic Policy
Downloads 539 (66,116)

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Japan, Europa, bubble economy, Europäische Schuldenkrise, niedrigzinspolitik, stagnation

Monetary Policy, Vagabonding Liquidity and Bursting Bubbles in New and Emerging Markets - An Overinvestment View

Number of pages: 32 Posted: 03 Oct 2007
Gunther Schnabl and Andreas Hoffmann
University of Leipzig - Institute for Economic Policy and Leipzig University
Downloads 536 (65,859)
Citation 1

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bubbles, boom-bust cycles, Hayek, Wicksell, Schumpeter, emerging markets, capital flows, overinvestment theories

Monetary Policy, Vagabonding Liquidity and Bursting Bubbles in New and Emerging Markets: An Overinvestment View

World Economy, Vol. 31, No. 9, pp. 1226-1252, September 2008
Number of pages: 27 Posted: 17 Sep 2008
Gunther Schnabl and Andreas Hoffmann
University of Leipzig - Institute for Economic Policy and Leipzig University
Downloads 2 (825,259)
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6.

The Role of the Chinese Dollar Peg for Macroeconomic Stability in China and the World Economy

Global Financial Markets Working Paper No. 13
Number of pages: 32 Posted: 22 Oct 2010
Gunther Schnabl
University of Leipzig - Institute for Economic Policy
Downloads 535 (66,757)
Citation 11

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China, exchange rate, financial stability, economic stability, international policy coordination, currency war

7.

Current Account Imbalances and Structural Adjustment in the Euro Area: How to Rebalance Competitiveness

Number of pages: 43 Posted: 07 May 2009
Holger Zemanek, Ansgar Hubertus Belke and Gunther Schnabl
University of Leipzig - Institute for Economic Policy, University of Duisburg-Essen - Department of Economics and Business Administration and University of Leipzig - Institute for Economic Policy
Downloads 434 (86,079)
Citation 10

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structural reforms, international competitiveness, current account imbalances, European Monetary Union, euro area, dynamic panel estimation, interaction term

8.

Mit dem Kopf im Sand? Goodharts Gesetz und die Wirkungslosigkeit von Inflationszielen als geldpolitische Regelmechanismen (With the Head in the Sand? Goodhart's Law and the Ineffectiveness of Inflation Targeting Frameworks as Monetary Policy Rules)

Working Papers on Global Financial Markets No. 55
Number of pages: 28 Posted: 10 Oct 2014 Last Revised: 15 Oct 2014
Gunther Schnabl
University of Leipzig - Institute for Economic Policy
Downloads 432 (86,549)

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Geldpolitik, Inflationsziele, Regelbindung, Zeitinkonsistenz, Goodharts Gesetz, Verteilungsgerechtigkeit, Reallohnrepression.

Exchange Rate Stability, Inflation and Growth in (South) Eastern and Central Europe

Review of Development Economics, Forthcoming
Number of pages: 33 Posted: 24 Nov 2006
Gunther Schnabl, Paul De Grauwe and Paul De Grauwe
University of Leipzig - Institute for Economic Policy and London School of Economics & Political Science (LSE)CESifo (Center for Economic Studies and Ifo Institute for Economic Research)
Downloads 420 (88,655)
Citation 2

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Exchange Rate Regimes, Inflation, Growth, Central and Eastern Europe, Macroeconomic Stability

Exchange Rate Stability, Inflation, and Growth in (South) Eastern and Central Europe

Review of Development Economics, Vol. 12, Issue 3, pp. 530-549, August 2008
Number of pages: 20 Posted: 21 Jul 2008
Paul De Grauwe, Paul De Grauwe and Gunther Schnabl
London School of Economics & Political Science (LSE)CESifo (Center for Economic Studies and Ifo Institute for Economic Research) and University of Leipzig - Institute for Economic Policy
Downloads 1 (838,612)
Citation 2
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10.

The Macroeconomic Policy Challenges of Balance Sheet Recession: Lessons from Japan for the European Crisis

Number of pages: 32 Posted: 06 Jun 2013
Gunther Schnabl
University of Leipzig - Institute for Economic Policy
Downloads 404 (93,548)

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Japan, Europe, bubble economy, European crisis, low interest rate policy, government debt sustainability, balance sheet recession

Exchange Rate Volatility and Growth in Small Open Economies at the EMU Periphery

Number of pages: 35 Posted: 06 Jan 2007
Gunther Schnabl
University of Leipzig - Institute for Economic Policy
Downloads 221 (176,221)
Citation 23

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Exchange Rate Regimes, Growth, EMU Periphery, International Role of the Euro

Exchange Rate Volatility and Growth in Small Open Economies at the EMU Periphery

ECB Working Paper No. 773
Number of pages: 47 Posted: 11 Jul 2007
Gunther Schnabl
University of Leipzig - Institute for Economic Policy
Downloads 183 (209,776)

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Exchange Rate Regimes, Exchange Rate Volatility, Growth, EMU Periphery, International role of the euro

Exchange Rate Volatility and Growth in Small Open Economies at the EMU Periphery

Economic Systems, Vol. 32, No. 1, 2008
Posted: 14 Mar 2008
Gunther Schnabl
University of Leipzig - Institute for Economic Policy

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Exchange rate regimes, Growth, EMU periphery, International role of the Euro

12.

China's Exchange Rate Impasse and the Weak U.S. Dollar

Number of pages: 28 Posted: 09 Sep 2008
Ronald McKinnon and Gunther Schnabl
Stanford University, School of Humanities & Sciences, Department of Economics (Deceased) and University of Leipzig - Institute for Economic Policy
Downloads 399 (94,843)

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inflation, exchange rates, macro policies, current account imbalances

The Effects of Japanese Foreign Exchange Intervention GARCH Estimation and Change Point Detection

Japan Bank for International Corporation Institute Working Paper No. 6
Number of pages: 35 Posted: 24 Nov 2003
Eric T. Hillebrand and Gunther Schnabl
Aarhus University - CREATES and University of Leipzig - Institute for Economic Policy
Downloads 207 (187,467)
Citation 12

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Japan, Foreign Exchange Intervention, Exchange Rate Volatility, GARCH, Change Point Detection, Liquidity Trap

The Effects of Japanese Foreign Exchange Intervention GARCH Estimation and Change Point Detection

Japan Bank for International Corporation Institute Working Paper No. 6
Number of pages: 35 Posted: 08 Feb 2005
Eric T. Hillebrand and Gunther Schnabl
Aarhus University - CREATES and University of Leipzig - Institute for Economic Policy
Downloads 176 (217,066)
Citation 13

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Japan, Foreign Exchange Intervention, Exchange Rate Volatility, GARCH, Change Point Detection, Liquidity Trap

14.

A Vicious Cycle of Manias, Crashes and Asymmetric Policy Responses - An Overinvestment View

Number of pages: 32 Posted: 27 Nov 2009
Andreas Hoffmann and Gunther Schnabl
Leipzig University and University of Leipzig - Institute for Economic Policy
Downloads 382 (99,787)
Citation 1

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15.

China's Exchange Rate and International Adjustment in Wages, Prices, and Interest Rates: Japan Deja Vu?

Number of pages: 38 Posted: 31 May 2006
Ronald McKinnon and Gunther Schnabl
Stanford University, School of Humanities & Sciences, Department of Economics (Deceased) and University of Leipzig - Institute for Economic Policy
Downloads 379 (100,665)

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China, exchange rate, adjustment, assets markets, labour markets

16.

Europäische Geldpolitik Und Zombiefizierung (European Monetary Policy and Zombification)

Austrian Institute Paper No. 21 (2018)
Number of pages: 16 Posted: 26 Aug 2018
David J. Herok and Gunther Schnabl
University of Leipzig, Institute for Economic Policy and University of Leipzig - Institute for Economic Policy
Downloads 376 (101,612)

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Bank Regulation, ECB, Hayek, Interest Rates, Joseph Schumpeter, Monetary Policy, Resource Allocation in Planning Economies, Zombie-Firms, Zombie-Lending

17.

China's Exchange Rate and Financial Repression: The Conflicted Emergence of the Renminbi as an International Currency

Number of pages: 38 Posted: 13 Mar 2014
Ronald McKinnon and Gunther Schnabl
Stanford University, School of Humanities & Sciences, Department of Economics (Deceased) and University of Leipzig - Institute for Economic Policy
Downloads 375 (101,913)
Citation 3

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China, informal dollar standard, internationalization of renminbi, exchange rate stabilization, inflation, financial repression

18.

Triebkräfte und Lösungsansätze Globaler und Europäischer Leistungsbilanzungleichgewichte (Determinations of and Economic Policy Solutions for Global and Intra-European Imbalances)

Working Papers on Global Financial Markets No. 23
Number of pages: 23 Posted: 28 Sep 2011 Last Revised: 02 Feb 2012
Gunther Schnabl
University of Leipzig - Institute for Economic Policy
Downloads 366 (104,684)

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Globale Ungleichgewichte, Geldpolitik, Finanzpolitik, Asymmetrie, Boom- und Krisen-Zyklen, informeller Dollarstandard, europäische Schuldenkrise

19.

China and its Dollar Exchange Rate: A Worldwide Stabilizing Influence?

Number of pages: 29 Posted: 17 May 2011
Ronald McKinnon and Gunther Schnabl
Stanford University, School of Humanities & Sciences, Department of Economics (Deceased) and University of Leipzig - Institute for Economic Policy
Downloads 354 (108,638)
Citation 4

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China, exchange rate, financial stability, economic stability, international policy coordination, currency war

20.

Nominal Versus Real Convergence with Respect to Emu Accession - Emu Entry Scenarios for the New Member States

Number of pages: 31 Posted: 29 Jun 2005
Paul De Grauwe, Paul De Grauwe and Gunther Schnabl
London School of Economics & Political Science (LSE)CESifo (Center for Economic Studies and Ifo Institute for Economic Research) and University of Leipzig - Institute for Economic Policy
Downloads 348 (110,749)
Citation 3

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EMU, ERM2, Balassa-Samuelson effect, real appreciation, monetary union, Central and Eastern Europe

21.

China: A Stabilizing or Deflationary Influence in East Asia? The Problem of Conflicted Virtue

Stanford Economics Working Paper No. 03007, HKIMR Working Paper No. 23/2003
Number of pages: 31 Posted: 06 Jul 2005
Ronald McKinnon and Gunther Schnabl
Stanford University, School of Humanities & Sciences, Department of Economics (Deceased) and University of Leipzig - Institute for Economic Policy
Downloads 331 (117,132)
Citation 15

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22.

Monetary Policy, Panic in Financial Markets and a Spate of Wandering Bubbles (Geldpolitik, Finanzmarkthysterie und eine Welle von Wandernden Blasen)

Number of pages: 15 Posted: 22 Mar 2009 Last Revised: 25 Mar 2009
Andreas Hoffmann and Gunther Schnabl
Leipzig University and University of Leipzig - Institute for Economic Policy
Downloads 322 (120,644)

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Blasen, berinvestition, Finanzkrise, internationaler Kapitalfluss

23.

Exchange Rate Volatility and Growth in Emerging Europe and East Asia

Number of pages: 38 Posted: 22 Jun 2007
Gunther Schnabl
University of Leipzig - Institute for Economic Policy
Downloads 312 (124,741)
Citation 1

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exchange rate regimes, growth, boom-and-bust cycles, Emerging Europe, East Asia

24.

Inflation Targeting by Debtor Central Banks in Emerging Market Economies

Number of pages: 36 Posted: 31 Jul 2010
Axel Loeffler, Gunther Schnabl and Franziska Schobert
Deutsche Bundesbank, University of Leipzig - Institute for Economic Policy and Deutsche Bundesbank
Downloads 309 (126,051)

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inflation targeting, exchange rate targeting, sterilization, debtor central bank

25.

Central Banking and Crisis Management from the Perspective of Austrian Business Cycle Theory

Number of pages: 42 Posted: 15 Dec 2016
Gunther Schnabl
University of Leipzig - Institute for Economic Policy
Downloads 297 (131,542)
Citation 1

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Hayek, Mises, Wicksell, monetary overinvestment theory, asymmetric monetary policy, financial crisis, Goodhart’s Law, marginal productivity of investment, secular stagnation

26.

The Failure of ECB Monetary Policy from a Mises-Hayek Perspective

Number of pages: 31 Posted: 11 Apr 2017
Gunther Schnabl
University of Leipzig - Institute for Economic Policy
Downloads 294 (132,921)

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Hayek, Mises, European Monetary Union, European Central Bank, monetary overinvestment theory, optimum currency areas, fiscal policy, asymmetric shocks, secular stagnation

27.

Wege Zu Einer Stabilitäts- Und Wachstumsorientierten Geldpolitik Aus Österreichischer Perspektive (Ways Towards a Stability and Growth-Oriented Monetary Policy from an Austrian Perspective)

Universität Leipzig Wirtschaftswissenschaftliche Fakultät Working Paper Series
Number of pages: 40 Posted: 20 Jun 2015 Last Revised: 22 Jun 2015
Gunther Schnabl
University of Leipzig - Institute for Economic Policy
Downloads 293 (133,384)

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Hayek, Mises, monetäre Überinvestitionstheorie, asymmetrische Geldpolitik, Finanzmarktkrisen, Grenzleistungsfähigkeit der Investitionen, Stagnation

28.

Adverse Effects of Ultra-Loose Monetary Policies on Investment, Growth and Income Distribution

Number of pages: 35 Posted: 28 Mar 2016
Andreas Hoffmann and Gunther Schnabl
Leipzig University and University of Leipzig - Institute for Economic Policy
Downloads 291 (134,344)

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Hayek, Mises, monetary overinvestment theory, asymmetric monetary policy, financial crisis, marginal productivity of investment, secular stagnation

29.

Keynesian and Austrian Perspectives on Crisis, Shock Adjustment, Exchange Rate Regime and (Long-Term) Growth

Number of pages: 24 Posted: 12 Feb 2011
Gunther Schnabl and Mathilde Maurel
University of Leipzig - Institute for Economic Policy and Université Paris I Panthéon-Sorbonne - Centre Maison des Sciences Economiques
Downloads 282 (138,766)
Citation 1

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exchange rate regime, Keynes, Hayek, asymmetrics, adjustment

Real Convergence, Capital Flows, and Competitiveness in Central and Eastern Europe

Number of pages: 34 Posted: 06 Nov 2009
Ansgar Hubertus Belke, Gunther Schnabl and Holger Zemanek
University of Duisburg-Essen - Department of Economics and Business Administration, University of Leipzig - Institute for Economic Policy and University of Leipzig - Institute for Economic Policy
Downloads 197 (196,348)

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exchange rate regime, wages, Central and Eastern Europe, EMU accession, panel model

Real Convergence, Capital Flows, and Competitiveness in Central and Eastern Europe

DIW Berlin Discussion Paper No. 937
Number of pages: 32 Posted: 04 Nov 2009
Ansgar Hubertus Belke, Gunther Schnabl and Holger Zemanek
University of Duisburg-Essen - Department of Economics and Business Administration, University of Leipzig - Institute for Economic Policy and University of Leipzig - Institute for Economic Policy
Downloads 54 (477,081)
Citation 2

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exchange rate regime, wages, Central and Eastern Europe, EMU accession, panel model

Real Convergence, Capital Flows, and Competitiveness in Central and Eastern Europe

Ruhr Economic Paper No. 147
Number of pages: 33 Posted: 14 Nov 2009
Ansgar Hubertus Belke, Gunther Schnabl and Holger Zemanek
University of Duisburg-Essen - Department of Economics and Business Administration, University of Leipzig - Institute for Economic Policy and University of Leipzig - Institute for Economic Policy
Downloads 27 (619,072)
Citation 12

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Exchange rate regime, wages, Central and Eastern Europe, EMU accession, panel model

Real Convergence, Capital Flows, and Competitiveness in Central and Eastern Europe

Review of International Economics, Vol. 21, Issue 5, pp. 886-900, 2013
Number of pages: 15 Posted: 23 Oct 2013
Ansgar Hubertus Belke, Gunther Schnabl and Holger Zemanek
University of Duisburg-Essen - Department of Economics and Business Administration, University of Leipzig - Institute for Economic Policy and University of Leipzig - Institute for Economic Policy
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31.

A Role Model for China? Exchange Rate Flexibility and Monetary Policy in Japan

Number of pages: 26 Posted: 12 Jul 2007
Gunther Schnabl and Christian Danne
University of Leipzig - Institute for Economic Policy and Universitat Pompeu Fabra
Downloads 264 (148,487)
Citation 1

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Yen, Yuan, Japan, China, monetary policy, exchange rate regime

32.

Fiscal Divergence, Current Account and TARGET2 Imbalances in the EMU

University of Leipzig Working Paper No. 105
Number of pages: 31 Posted: 29 Mar 2012
Jose Abad, Axel Loeffler, Gunther Schnabl and Holger Zemanek
Institute for Economic Policy - University of Leipzig, Deutsche Bundesbank, University of Leipzig - Institute for Economic Policy and University of Leipzig - Institute for Economic Policy
Downloads 258 (151,978)
Citation 2

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EMU, fiscal divergence, TARGET2, current account imbalances

33.

Current Account Balances and Structural Adjustment in the Euro Area

Ruhr Economic Paper No. 176
Number of pages: 51 Posted: 21 Apr 2010
Holger Zemanek, Ansgar Hubertus Belke and Gunther Schnabl
University of Leipzig - Institute for Economic Policy, University of Duisburg-Essen - Department of Economics and Business Administration and University of Leipzig - Institute for Economic Policy
Downloads 249 (157,463)
Citation 9

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Structural reforms, current account balances, euro area, dynamic panel estimation, interaction term

34.

Die Verteilungseffekte Der Geldpolitik Der Europäischen Zentralbank Destabilisieren Europas Demokratien (The Distribution Effects of the ECB's Monetary Policy Destabilize Europe's Democracies)

Gunther Schnabl, Die Verteilungseffekte der Geldpolitik der Europäischen Zentralbank destabilisieren Europas Demokratien, Austrian Institute Paper Nr. 18 (2017)
Number of pages: 9 Posted: 22 Dec 2017
Gunther Schnabl
University of Leipzig - Institute for Economic Policy
Downloads 239 (163,818)

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Ungleichheit, Geldpolitik, Verteilungseffekte, politische Polarisierung, Friedrich August von Hayek

35.

Weak Economy and Strong Currency - the Origins of the Strong Yen in the 1990's

Quarterly Journal of Economic Research, Vol. 70, pp. 489-503, 2001
Number of pages: 22 Posted: 07 Jul 2005
Gunther Schnabl
University of Leipzig - Institute for Economic Policy
Downloads 229 (170,673)

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Yen, Yen/Dollar Exchange Rate, Foreign Exchange Intervention, Japan

36.

The Russian Currency Basket: The Rising Role of the Euro for Russia's Exchange Rate Policies

Number of pages: 12 Posted: 27 Dec 2005
Gunther Schnabl
University of Leipzig - Institute for Economic Policy
Downloads 228 (171,406)
Citation 1

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37.

Inter-Temporal Savings, Current Account Dynamics and Asymmetric Shocks in a Heterogeneous European Monetary Union

Number of pages: 18 Posted: 24 Dec 2010
Gunther Schnabl and Holger Zemanek
University of Leipzig - Institute for Economic Policy and University of Leipzig - Institute for Economic Policy
Downloads 224 (174,332)
Citation 2

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monetary union, German unification, asymmetric shock, current account imbalances, inter-temporal savings, financial crisis, euro crisis, European debt crisis, theory of optimum currency areas

38.

Fiscal Divergence and Current Account Imbalances in Europe

Number of pages: 39 Posted: 19 Feb 2013
Gunther Schnabl and Timo Wollmershaeuser
University of Leipzig - Institute for Economic Policy and Ifo Institute for Economic Research
Downloads 217 (179,652)

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Europe, EMU, EMS, current account imbalances, exchange rate adjustment, credit mechanisms, European debt crisis

39.

An Asymmetry Matrix in Global Current Accounts

Universitat Leipzig Working Paper No. 76
Number of pages: 39 Posted: 11 Feb 2009 Last Revised: 20 Feb 2009
Gunther Schnabl and Stephan Freitag
University of Leipzig - Institute for Economic Policy and University of Leipzig
Downloads 215 (181,182)

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Global Imbalances, Asymmetric World Monetary System, Twin Deficit, Twin Surplus, International Currency

40.

Monetary Policy, Financial Regulation and Financial Stability: A Comparison between the Fed and the ECB

Number of pages: 31 Posted: 04 May 2020
Gunther Schnabl and Nils Sonnenberg
University of Leipzig - Institute for Economic Policy and University of Leipzig
Downloads 212 (183,577)
Citation 6

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Financial cycles, financial crisis, financial stability, Hayek, Keynes, monetary policy

41.

The Changing Role of the Yen/Dollar Exchange Rate for Japanese Monetary Policy

Tuebingen University Working Paper No. 290
Number of pages: 15 Posted: 01 Mar 2005
Gunther Schnabl
University of Leipzig - Institute for Economic Policy
Downloads 212 (183,577)
Citation 1

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Japan, Monetary Policy Reaction Function, Bank of Japan, Interest Rate Rules,

42.

International Trade after the Burst of the Globalization Bubble (Der Internationale Handel Nach Dem Platzen Der Globalisierungsblase)

Number of pages: 14 Posted: 30 Mar 2009
Gunther Schnabl
University of Leipzig - Institute for Economic Policy
Downloads 210 (185,246)

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bubbles, overinvestment, financial crisis, emerging markets, international capital flows

43.

Monetary Policy Reform in a World of Central Banks

Global Financial Markets Working Paper No. 26
Number of pages: 29 Posted: 03 Feb 2012 Last Revised: 20 Aug 2012
Gunther Schnabl
University of Leipzig - Institute for Economic Policy
Downloads 209 (186,053)
Citation 2

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Economic Instability, Credit Cycles, Monetary Policy, Hayek, Mises, Monetary Policy Rules, Monetary Policy Reform, Currency Competition

44.

Alternative Measures of Price Inflation and the Perception of Real Income in Germany

Number of pages: 32 Posted: 02 Oct 2020
Karl-Friedrich Israel and Gunther Schnabl
Université catholique de l'Ouest and University of Leipzig - Institute for Economic Policy
Downloads 208 (186,853)

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inflation, harmonized index of consumer prices, hidden inflation, assets prices, costs of public goods, inflation targeting, monetary policy, real wages, real economic growth, Germany

45.

Zur Zukunft der Europäischen Union aus Ordnungspolitischer Perspektive (On the Future of the European Union from a Ordoliberal Perspective)

Universitat Leipzig, Working Paper, No. 150
Number of pages: 42 Posted: 02 Nov 2017 Last Revised: 28 Nov 2017
Gunther Schnabl and Sebastian Mueller
University of Leipzig - Institute for Economic Policy and University of Leipzig - Institute for Economic Policy
Downloads 205 (189,339)

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Europäische Integration, Wirtschaftliche Ordnung, Soziale Marktwirtschaft, Walter Eucken, Friedrich August von Hayek, Ungleichheit, Geldpolitik, politische Polarisierung

46.

Japans Lehren Für Das Schweizer Wechselkursdilemma (Japans Lessons for the Swiss Exchange Rate Dilemma)

Number of pages: 25 Posted: 10 Feb 2015 Last Revised: 13 Feb 2015
Gunther Schnabl
University of Leipzig - Institute for Economic Policy
Downloads 203 (191,180)

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Schweizer Franken, Yen, Wechselkurse, multiple Gleichgewichte, sich selbst erfüllende Erwartungen, Aufwertungsdruck

47.

Purchasing Power Parity: Granger Causality Tests for the Yen-Dollar Exchange Rate

Tuebingen University Working Paper No. 213
Number of pages: 22 Posted: 17 Jun 2005
Gunther Schnabl and Dirk G. Baur
University of Leipzig - Institute for Economic Policy and University of Western Australia - Business School
Downloads 195 (198,212)
Citation 2

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Yen, yen-dollar exchange rate, purchasing power parity, Granger causality test

48.

Monetary Nationalism and International Economic Instability

Quarterly Journal of Austrian Economics, Forthcoming
Number of pages: 32 Posted: 01 May 2011 Last Revised: 18 May 2013
Andreas Hoffmann and Gunther Schnabl
Leipzig University and University of Leipzig - Institute for Economic Policy
Downloads 188 (204,850)
Citation 4

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Credit Cycles, Monetary Policy, Crisis, Hayek, Minsky

49.

Exchange Rate Stabilization in Developed and Underdeveloped Capital Markets

ECB Working Paper No. 636
Number of pages: 43 Posted: 26 Jun 2006
Gunther Schnabl and Viera Chmelarova
University of Leipzig - Institute for Economic Policy and European Central Bank (ECB)
Downloads 181 (211,795)
Citation 1

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Foreign exchange intervention, target zones, underdeveloped capital markets

50.

De Jure Versus De Facto Exchange Rate Stabilization in Central and Eastern Europe

Tuebingen University Economics & Business Administration Working Paper No. 269
Number of pages: 29 Posted: 19 Nov 2003
Gunther Schnabl
University of Leipzig - Institute for Economic Policy
Downloads 174 (219,118)
Citation 3

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foreign exchange policy, EMU, euro zone, Central and Eastern Europe

Macroeconomic Policy Making, Exchange Rate Adjustment and Current Account Imbalances in Emerging Markets

Number of pages: 32 Posted: 25 Nov 2014
Pablo Duarte, Pablo Duarte and Gunther Schnabl
affiliation not provided to SSRNUniversity of Leipzig - Institute for Empirical Research in Economics (IEW) / Econometrics and University of Leipzig - Institute for Economic Policy
Downloads 172 (221,508)

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global imbalances, intra-european imbalances, exchange rate adjustment, monetary policy, fiscal policy

Macroeconomic Policy Making, Exchange Rate Adjustment and Current Account Imbalances in Emerging Markets

Review of Development Economics, Vol. 19, Issue 3, pp. 531-544, 2015
Number of pages: 14 Posted: 16 Jul 2015
Pablo Duarte, Pablo Duarte and Gunther Schnabl
affiliation not provided to SSRNUniversity of Leipzig - Institute for Empirical Research in Economics (IEW) / Econometrics and University of Leipzig - Institute for Economic Policy
Downloads 1 (838,612)
Citation 1
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52.

The Impact of Japanese Monetary Policy Crisis Management on the Japanese Banking Sector

Number of pages: 34 Posted: 29 May 2017
Juliane Gerstenberger and Gunther Schnabl
University of Leipzig and University of Leipzig - Institute for Economic Policy
Downloads 172 (221,324)
Citation 3

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Japan, monetary policy, crisis management, banking sector, city banks, regional banks, shinkin banks, concentration

The East Asian Dollar Standard, Fear of Floating, and Original Sin

HKIMR Working Paper No. 11/2003
Number of pages: 35 Posted: 27 Aug 2007
Ronald McKinnon and Gunther Schnabl
Stanford University, School of Humanities & Sciences, Department of Economics (Deceased) and University of Leipzig - Institute for Economic Policy
Downloads 154 (243,348)
Citation 26

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The East Asian Dollar Standard, Fear of Floating, and Original Sin

Number of pages: 30 Posted: 28 Aug 2004
Ronald McKinnon and Gunther Schnabl
Stanford University, School of Humanities & Sciences, Department of Economics (Deceased) and University of Leipzig - Institute for Economic Policy
Downloads 16 (703,360)
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54.

Japanese Foreign Exchange Intervention and the Yen/Dollar Exchange Rate: A Simultaneous Equations Approach Using Realized Volatility

Number of pages: 27 Posted: 09 Aug 2006
Eric T. Hillebrand, Gunther Schnabl and Yasemin Ulu
Aarhus University - CREATES, University of Leipzig - Institute for Economic Policy and American University of Beirut - Olayan School of Business
Downloads 167 (226,854)

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55.

The Brexit as a Forerunner: Monetary Policy, Economic Order and Divergence Forces in the European Union

Number of pages: 39 Posted: 08 May 2018
Sebastian Mueller and Gunther Schnabl
University of Leipzig - Institute for Economic Policy and University of Leipzig - Institute for Economic Policy
Downloads 166 (228,057)

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European integration, economic order, Walter Eucken, Friedrich August von Hayek, Margret Thatcher, inequality, monetary policy, political polarization, divergence, Brexit

56.

Financial Crisis, Global Liquidity and Macroeconomic Exit (Finanzkrise, globale Liquidität und makroökonomischer Exit)

University of Leipzig Working Paper No. 92
Number of pages: 26 Posted: 26 Nov 2010 Last Revised: 20 Dec 2010
Ansgar Hubertus Belke and Gunther Schnabl
University of Duisburg-Essen - Department of Economics and Business Administration and University of Leipzig - Institute for Economic Policy
Downloads 165 (229,234)
Citation 7

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Geldpolitik, Fiskalpolitik, Monetäre Überinvestitionstheorien, Internationale Politikkoordination, Exit

57.

Determinants of Global and Intra-European Imbalances

Global Financial Markets Working Paper No. 25
Number of pages: 29 Posted: 13 Jan 2012
Gunther Schnabl and Stephan Freitag
University of Leipzig - Institute for Economic Policy and University of Leipzig
Downloads 162 (232,729)
Citation 2

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Global Imbalances, Intra-European Imbalances, Asymmetric Monetary Policies, Foreign Reserve Accumulation, Sterilization, Granger Causality Tests, Panel Regressions

58.

A Structural Break in the Effects of Japanese Foreign Exchange Intervention on Yen/Dollar Exchange Rate Volatility

ECB Working Paper No. 650
Number of pages: 38 Posted: 19 Jul 2006
Eric T. Hillebrand and Gunther Schnabl
Aarhus University - CREATES and University of Leipzig - Institute for Economic Policy
Downloads 154 (242,833)

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Japan, Foreign Exchange Intervention, Exchange Rate Volatility, GARCH, Change Point Detection, Structural Breaks

59.

Limits of Monetary Policy Autonomy by East Asian Debtor Central Banks

Number of pages: 32 Posted: 29 Feb 2012
Axel Loeffler, Gunther Schnabl and Franziska Schobert
Deutsche Bundesbank, University of Leipzig - Institute for Economic Policy and Deutsche Bundesbank
Downloads 151 (246,858)

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debtor central banks, monetary policy autonomy, sterilization, exchange rate regime, East Asia

60.

The Return to Soft Dollar Pegging in East Asia: Mitigating Conflicted Virtue

Number of pages: 38 Posted: 05 Jul 2005
Ronald McKinnon and Gunther Schnabl
Stanford University, School of Humanities & Sciences, Department of Economics (Deceased) and University of Leipzig - Institute for Economic Policy
Downloads 146 (253,663)

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Exchange rates, business cycles, East Asian dollar standard

61.

Monetary Policy Operations of Debtor Central Banks in Mena Countries

University of Leipzig Working Paper No. 65
Number of pages: 29 Posted: 30 Oct 2007
Gunther Schnabl and Franziska Schobert
University of Leipzig - Institute for Economic Policy and Deutsche Bundesbank
Downloads 144 (256,503)
Citation 1

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Emerging Markets, Debtor Central Banks, Foreign Exchange Inflows, Sterilization

62.

Geldpolitik, Arabellion Und Flüchtlingskrise (Monetary Poliy, Arab Spring and Refugee Crisis)

Universitat Leipzig, Working Paper, No 146
Number of pages: 24 Posted: 21 Dec 2016
Michael von Prollius and Gunther Schnabl
Forum Freie Gesellschaft and University of Leipzig - Institute for Economic Policy
Downloads 143 (257,917)

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Geldpolitik, Finanzmarktblasen, Krisen, Umverteilung, Arabischer Frühling, Flüchtlingskrise

63.

30 Jahre nach dem Mauerfall. Ursachen für Konvergenz und Divergenz zwischen Ost- und Westdeutschland (30 Years After the Fall of Wall. Convergence and Divergence between East and West Germany)

Number of pages: 27 Posted: 03 Oct 2019
Gunther Schnabl and Tim Sepp
University of Leipzig - Institute for Economic Policy and University of Leipzig - Institute for Economic Policy
Downloads 139 (263,776)

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German Unification, convergence, East Germany, distribution, monetary policy, Social Market Economy

64.
Downloads 131 (276,089)
Citation 2

Monetary Policy, Inequality and Political Instability

Number of pages: 39 Posted: 11 Jan 2018
Pablo Duarte, Pablo Duarte and Gunther Schnabl
affiliation not provided to SSRNUniversity of Leipzig - Institute for Empirical Research in Economics (IEW) / Econometrics and University of Leipzig - Institute for Economic Policy
Downloads 131 (277,141)

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Hayek, Rawls, Buchanan, privileges, inequality, monetary policy, order of rules, difference principle, economic order

Monetary Policy, Inequality and Political Instability

The World Economy, Vol. 42, Issue 2, pp. 614-634, 2019
Number of pages: 21 Posted: 12 Feb 2019
Pablo Duarte, Pablo Duarte and Gunther Schnabl
affiliation not provided to SSRNUniversity of Leipzig - Institute for Empirical Research in Economics (IEW) / Econometrics and University of Leipzig - Institute for Economic Policy
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Citation 2
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Buchanan, economic order, Hayek, inequality, monetary policy, political instability, privileges, Rawls

65.

Monetary Policies of Large Industrialised Countries, Emerging Market Credit Cycles and Feedback Effects

Number of pages: 31 Posted: 24 Apr 2014
Andreas Hoffmann and Gunther Schnabl
Leipzig University and University of Leipzig - Institute for Economic Policy
Downloads 130 (277,624)

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asymmetric world monetary system, credit cycles, monetary policy, financial crisis, contagion

66.

(De)Stabilizing Exchange Rate Strategies in East Asian Monetary and Economic Integration

Number of pages: 33 Posted: 15 May 2014
Gunther Schnabl and Kristina Spantig
University of Leipzig - Institute for Economic Policy and University of Leipzig - Institute for Economic Policy
Downloads 128 (280,853)

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Japanese yen, Chinese yuan, intra-regional trade, informal dollar standard, exchange rate stabilization, business cycle stabilization, internationalization of the Chinese yuan.

Exchange Rate Regime, Financial Market Bubbles and Long-Term Growth in China: Lessons from Japan

Number of pages: 35 Posted: 17 Jun 2016
Gunther Schnabl
University of Leipzig - Institute for Economic Policy
Downloads 126 (285,468)
Citation 1

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China, Japan, exchange rate policy, bubble economy, overinvestment, Hayek low interest rate policy, secular stagnation, capital controls, rebalancing

Exchange Rate Regime, Financial Market Bubbles and Long‐Term Growth in China: Lessons from Japan

China & World Economy, Vol. 25, Issue 1, pp. 32-57, 2017
Number of pages: 26 Posted: 13 Jan 2017
Gunther Schnabl
University of Leipzig - Institute for Economic Policy
Downloads 1 (838,612)
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China, capital controls, exchange rate policy, Japan, rebalancing, secular stagnation

68.

Reasons for the Demise of Interest: Savings Glut and Secular Stagnation or Central Bank Policy?

Number of pages: 32 Posted: 21 Nov 2019
Thomas Mayer and Gunther Schnabl
University of Witten/Herdecke and University of Leipzig - Institute for Economic Policy
Downloads 126 (284,306)
Citation 3

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Mises, Hayek, Keynes, Hansen, Summers, secular stagnation, aging societies, global savings glut, monetary policy, central banks, credit creation.

69.

Capital Markets and Exchange Rate Stabilization in East Asia − Diversifying Risk Based on Currency Baskets

Number of pages: 32 Posted: 30 Jun 2006
Gunther Schnabl
University of Leipzig - Institute for Economic Policy
Downloads 124 (287,665)
Citation 1

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East Asia, Currency Basket, Exchange Rate Policies, International Role of the Europe

70.

Reverse Causality in Global Current Accounts

ECB Working Paper No. 1208
Number of pages: 36 Posted: 10 Jun 2010
Gunther Schnabl and Stephan Freitag
University of Leipzig - Institute for Economic Policy and University of Leipzig
Downloads 116 (301,725)

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Global Imbalances, Asymmetric World Monetary System, Twin Deficit, Twin Surplus, International Currency, Sterilization, Granger Causality Tests

71.

Monetary Policy Crisis Management as a Threat to Economic Order

Number of pages: 24 Posted: 27 Mar 2017
Andreas Freytag and Gunther Schnabl
University of Jena - Department of Economics and University of Leipzig - Institute for Economic Policy
Downloads 113 (307,423)

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economic order, social market economy, Soziale Marktwirtschaft, Germany, Walter Eucken, Alfred Müller-Armack, monetary policy, crisis management

72.

The Theory of Optimum Currency Areas and Growth in Emerging Markets

Applied Economics Letters (2011)
Number of pages: 12 Posted: 27 Jun 2010 Last Revised: 19 May 2013
Andreas Hoffmann and Gunther Schnabl
Leipzig University and University of Leipzig - Institute for Economic Policy
Downloads 110 (313,246)
Citation 1

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OCA, growth

73.

(T)LTRO-Tracker

Number of pages: 3 Posted: 01 Jul 2020
Gunther Schnabl and Nils Sonnenberg
University of Leipzig - Institute for Economic Policy and University of Leipzig
Downloads 106 (321,264)

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Monetary Policy, Longer-Term Refinancing Operations, Targeted Longer-Term Refinancing Operations, Financial Stability, ECB

74.
Downloads 104 (325,452)

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Monetary policy, fiscal policy, asymmetric macroeconomic policies, crisis, bubble

75.

Short-Term and Long-Term Growth Effects of Exchange Rate Adjustment

Number of pages: 25 Posted: 14 Dec 2012
Evžen Kočenda, Mathilde Maurel and Gunther Schnabl
Charles University in Prague - Institute of Economic Studies, Université Paris I Panthéon-Sorbonne - Centre Maison des Sciences Economiques and University of Leipzig - Institute for Economic Policy
Downloads 103 (327,530)

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exchange rate adjustment, sterilization, European sovereign debt crisis

76.

Exchange Rate Regime and Wage Determination in Central and Eastern Europe

Number of pages: 30 Posted: 24 Nov 2008
Gunther Schnabl, Christina Ziegler and Christina Ziegler
University of Leipzig - Institute for Economic Policy and University of LeipzigCESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute
Downloads 94 (347,385)

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wage policy, labor markets, exchange rate regime, Central and Eastern Europe

77.

The Evolution of the East Asian Currency Baskets - Still Undisclosed and Changing

Number of pages: 32 Posted: 12 Jan 2007
Gunther Schnabl
University of Leipzig - Institute for Economic Policy
Downloads 94 (347,385)

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East Asia, currency basket, exchange rate policies, international role of the euro

78.
Downloads 93 (349,749)

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Insolvenz, Vorinsolvenzliches Verfahren, EU Direktive 2016/0359 (COD), Nullzinspolitik, Spekulation, Zombifizierung

79.

Net Foreign Asset Positions and Appreciation Expectations on the Swiss Franc and the Japanese Yen

Number of pages: 26 Posted: 22 Sep 2015
Sophia Latsos and Gunther Schnabl
University of Leipzig and University of Leipzig - Institute for Economic Policy
Downloads 86 (367,244)

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Swiss franc, Japanese yen, exchange rate risk, negative risk premium, self-fulfilling expectations, appreciation pressure

80.

China's Overinvestment and International Trade Conflict

Number of pages: 31 Posted: 23 Jul 2019
Gunther Schnabl
University of Leipzig - Institute for Economic Policy
Downloads 76 (394,837)
Citation 1

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China, investment, overinvestment, trade policy, credit growth, rebalancing, soft budget constraints, zombification

81.
Downloads 75 (397,729)

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Wirtschafts- und Währungsreform, Wirtschaftsordnung, Erhard, Eucken, europäische Integration, Demokratie, Ungleichheit, Soziale Marktwirtschaft

82.

Limits of Monetary Policy Autonomy and Exchange Rate Flexibility by East Asian Central Banks

Number of pages: 33 Posted: 26 Aug 2013
Axel Loeffler, Gunther Schnabl and Franziska Schobert
Deutsche Bundesbank, University of Leipzig - Institute for Economic Policy and Deutsche Bundesbank
Downloads 75 (397,729)
Citation 6

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Debtor Central Banks, Monetary Policy Autonomy, Sterilization, Exchange Rate Regime, East Asia

Beyond Balassa and Samuelson: Real Convergence, Capital Flows, and Competitiveness in Greece

Number of pages: 29 Posted: 11 Nov 2015
University of Duisburg-Essen - Department of Economics and Business Administration, University of Duisburg-Essen - Department of Economics and Business Administration, University of Leipzig - Institute for Economic Policy and University of Leipzig - Institute for Economic Policy
Downloads 54 (477,081)

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Balassa-Samuelson effect, capital inflows, exchange rate regime, inflation, Estonia, Greece, Latvia, Lithuania, Portugal, Slovenia, Slovak Republic, panel model, productivity differential, wages

Beyond Balassa and Samuelson – Real Convergence, Capital Flows, and Competitiveness in Greece

Number of pages: 32 Posted: 22 Dec 2015
University of Duisburg-Essen - Department of Economics and Business Administration, University of Duisburg-Essen - Department of Economics and Business Administration, University of Leipzig - Institute for Economic Policy and University of Leipzig - Institute for Economic Policy
Downloads 19 (679,475)
Citation 4

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Balassa-Samuelson effect; capital inflows; exchange rate regime; inflation; Greece; Latvia; Portugal; panel model; productivity differential; wages

84.

Synchronized Business Cycles in East Asia and Fluctuations in the Yen/Dollar Exchange Rate

HKIMR Working Paper No. 02/2003
Number of pages: 23 Posted: 04 Sep 2007
Ronald McKinnon and Gunther Schnabl
Stanford University, School of Humanities & Sciences, Department of Economics (Deceased) and University of Leipzig - Institute for Economic Policy
Downloads 73 (403,829)
Citation 15

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85.

International Capital Markets and Informal Dollar Standards in the CIS and East Asia

HWWA Discussion Paper No. 326
Number of pages: 29 Posted: 19 Aug 2005
Gunther Schnabl
University of Leipzig - Institute for Economic Policy
Downloads 70 (413,078)
Citation 2

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CIS, East Asia, Informal Dollar Standard, Liability Dollarization, Asset

86.

Regional Heterogeneity, the Rise of Public Debt and Monetary Policy in Post-Bubble Japan: Lessons for the EMU

Number of pages: 35 Posted: 16 Jun 2016
Raphael Fischer and Gunther Schnabl
University of Leipzig - Institute for Economic Policy and University of Leipzig - Institute for Economic Policy
Downloads 68 (419,631)
Citation 1

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Japan, EMU, crisis, regional redistribution, monetary policy, public debt

87.

Warum der frühe Ausstieg aus der finanziellen Repression lohnt (Why an Early Exit From the Financial Repression Is Worthwhile)

Austrian Institute Paper No. 19
Number of pages: 11 Posted: 21 Mar 2018
Andreas Hoffmann and Gunther Schnabl
Leipzig University and University of Leipzig - Institute for Economic Policy
Downloads 67 (422,918)

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Finanzielle Repression, McKinnon, Geldpolitik, Verschuldung

88.

How to Escape from the Debt Trap: Lessons from the Past

Number of pages: 41 Posted: 18 May 2021
Thomas Mayer and Gunther Schnabl
Flossbach von Storch Research Institute and University of Leipzig - Institute for Economic Policy
Downloads 66 (426,271)

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89.

Determinants of Japanese Household Saving Behavior in the Low-Interest Rate Environment

Number of pages: 26 Posted: 16 Mar 2021
Sophia Latsos and Gunther Schnabl
University of Leipzig and University of Leipzig - Institute for Economic Policy
Downloads 64 (433,072)

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90.

Reasons for the Demise of Interest: Savings Glut and Secular Stagnation or Central Bank Policy?

Number of pages: 35 Posted: 27 Nov 2019
Gunther Schnabl
University of Leipzig - Institute for Economic Policy
Downloads 61 (443,514)

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Mises, Hayek, Keynes, Hansen, Summers, secular stagnation, aging societies, global savings glut, monetary policy, central banks, credit creation

91.

Foreign Currency Denominated Assets and International Shock Absorption in Switzerland and Japan

Number of pages: 32 Posted: 22 Dec 2015
Gunther Schnabl
University of Leipzig - Institute for Economic Policy
Downloads 61 (443,514)

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international investment position, appreciation-induced risk, exchange rate risk, foreign exchange intervention, monetary policy independence, Switzerland, Japan

92.

International Capital Markets and Exchange Rate Stabilization in the CIS

Number of pages: 27 Posted: 29 Jun 2005
Gunther Schnabl
University of Leipzig - Institute for Economic Policy
Downloads 61 (443,514)

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CIS, Exchange Rate Systems

93.

International Capital Markets and Exchange Rate Stabilization in the CIS and East Asia

Number of pages: 29 Posted: 29 Jun 2005
Gunther Schnabl
University of Leipzig - Institute for Economic Policy
Downloads 56 (461,978)

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CIS, East Asia, Informal Dollar Standard, Liability Dollarization, Asset Dollarization, Competitive Depreciation, Competitive Appreciation, Exchange Rate Systems

94.

The Global Move into the Zero Interest Rate and High Debt Trap

Number of pages: 33 Posted: 26 Aug 2013
Gunther Schnabl
University of Leipzig - Institute for Economic Policy
Downloads 46 (502,889)
Citation 2

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Economic Instability, Credit Cycles, Monetary Policy, Hayek, Mises, Monetary Policy Reform, Currency Competition

95.

The Japanese Banks in the Lasting Low-, Zero- and Negative-Interest Rate Environment

Number of pages: 16 Posted: 19 Feb 2021
Taiki Murai and Gunther Schnabl
Leipzig University of Applied Sciences and University of Leipzig - Institute for Economic Policy
Downloads 31 (577,875)

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Japan, Bank of Japan, monetary policy, banks, interest margin, financial repression, concentration, regional banks

96.

Macroeconomic Policy Making and Current Account Imbalances in the Euro Area

Number of pages: 33 Posted: 01 Jul 2021
Taiki Murai and Gunther Schnabl
Leipzig University of Applied Sciences and University of Leipzig - Institute for Economic Policy
Downloads 28 (595,821)

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97.

Synchronised Business Cycles in East Asia and Fluctuations in the Yen/Dollar Exchange Rate

Number of pages: 22 Posted: 08 Oct 2003
Ronald McKinnon and Gunther Schnabl
Stanford University, School of Humanities & Sciences, Department of Economics (Deceased) and University of Leipzig - Institute for Economic Policy
Downloads 22 (635,998)
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98.

Nominal Versus Real Convergence - Emu Entry Scenarios for the New Member States

Kyklos, Vol. 58, No. 4, pp. 537-555, November 2005
Number of pages: 19 Posted: 23 Dec 2005
Paul Grauwe and Gunther Schnabl
Catholic University of Leuven (KUL) - Center for Economic Studies and University of Leipzig - Institute for Economic Policy
Downloads 18 (664,473)
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99.

Niedrigzinspolitik und Sparkultur in Japan: Implikationen für die Wirtschaftspolitik (Low Interest Rate Policy and Savings Culture in Japan: Implications for Economic Policy)

Number of pages: 65 Posted: 18 Nov 2021
Gunther Schnabl and Tim Sepp
University of Leipzig - Institute for Economic Policy and University of Leipzig - Institute for Economic Policy
Downloads 7 (749,579)

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Japan, Sparen, Sparkultur, Geldpolitik, Haushaltssparen, Unternehmenssparen, Abenomics, Nullzinspolitik

100.

A Vicious Cycle of Manias, Crises and Asymmetric Policy Responses an Overinvestment View

The World Economy, Vol. 34, Issue 3, pp. 382-403, 2011
Number of pages: 22 Posted: 21 Mar 2011
Andreas Hoffmann and Gunther Schnabl
Leipzig University and University of Leipzig - Institute for Economic Policy
Downloads 3 (780,847)
Citation 1
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101.

Short‐ and Long‐Term Growth Effects of Exchange Rate Adjustment

Review of International Economics, Vol. 21, Issue 1, pp. 137-150, 2013
Number of pages: 14 Posted: 24 Jan 2013
Evžen Kočenda, Mathilde Maurel and Gunther Schnabl
Charles University in Prague - Institute of Economic Studies, Université Paris I Panthéon-Sorbonne - Centre Maison des Sciences Economiques and University of Leipzig - Institute for Economic Policy
Downloads 2 (790,260)
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102.

The Case for Stabilizing China's Exchange Rate: Setting the Stage for Fiscal Expansion

China & World Economy, Vol. 17, Issue 1, pp. 1-32, January-February 2009
Number of pages: 32 Posted: 04 Feb 2009
Ronald McKinnon and Gunther Schnabl
Stanford University, School of Humanities & Sciences, Department of Economics (Deceased) and University of Leipzig - Institute for Economic Policy
Downloads 2 (790,260)
Citation 3
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103.

Reverse Causality in Global and Intra‐European Imbalances

Review of International Economics, Vol. 20, Issue 4, pp. 674-690, 2012
Number of pages: 17 Posted: 24 Aug 2012
Gunther Schnabl and Stephan Freitag
University of Leipzig - Institute for Economic Policy and University of Leipzig
Downloads 1 (801,813)
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104.

China and its Dollar Exchange Rate: A Worldwide Stabilising Influence?

The World Economy, Vol. 35, Issue 6, pp. 667-693, 2012
Number of pages: 27 Posted: 19 May 2012
Ronald McKinnon and Gunther Schnabl
Stanford University, School of Humanities & Sciences, Department of Economics (Deceased) and University of Leipzig - Institute for Economic Policy
Downloads 1 (801,813)
Citation 1
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105.

China's Overinvestment and International Trade Conflicts

China & World Economy, Vol. 27, Issue 5, pp. 37-62, 2019
Number of pages: 26 Posted: 07 May 2020
Gunther Schnabl
University of Leipzig - Institute for Economic Policy
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credit growth, overinvestment, rebalancing, soft budget constraints, trade policy, zombification

106.

China's Exchange Rate and Financial Repression: The Conflicted Emergence of the RMB as an International Currency

China & World Economy, Vol. 22, Issue 3, pp. 1-35, 2014
Number of pages: 35 Posted: 15 May 2014
Ronald McKinnon and Gunther Schnabl
Stanford University, School of Humanities & Sciences, Department of Economics (Deceased) and University of Leipzig - Institute for Economic Policy
Downloads 0 (819,136)
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China, exchange rate stabilization, financial repression, inflation, dollar standard, internationalization of RMB