Deutsche Bank

About: Deutsche Bank is a company organization based out in Frankfurt am Main, Germany. It is known for research contribution in the topics: Portfolio & Monetary policy. The organization has 447 authors who have published 638 publications receiving 17197 citations. The organization is also known as: Deutsche Bank AG & German Bank.

An essay on the revived bretton woods system

Abstract: The economic emergence of a fixed exchange rate periphery in Asia has reestablished the United States as the center country in the Bretton Woods international monetary system. We argue that the normal evolution of the international monetary system involves the emergence of a periphery for which the development strategy is export-led growth supported by undervalued exchange rates, capital controls and official capital outflows in the form of accumulation of reserve asset claims on the center country. The success of this strategy in fostering economic growth allows the periphery to graduate to the center. Financial liberalization, in turn, requires floating exchange rates among the center countries. But there is a line of countries waiting to follow the Europe of the 1950s/60s and Asia today sufficient to keep the system intact for the foreseeable future.

The iLab Shared Architecture: A Web Services Infrastructure to Build Communities of Internet Accessible Laboratories

Abstract: The Massachusetts Institute of Technology's iLab project has developed a distributed software toolkit and middleware service infrastructure to support Internet-accessible laboratories and promote their sharing among schools and universities on a worldwide scale. The project starts with the assumption that the faculty teaching with online labs and the faculty or academic departments that provide those labs are acting in two roles with different goals and concerns. The iLab architecture focuses on fast platform-independent lab development, scalable access for students, and efficient management for lab providers while preserving the autonomy of the faculty actually teaching the students. Over the past two years, the iLab architecture has been adopted by an increasing number of partner universities in Europe, Australia, Africa, Asia, and the United States. The iLab project has demonstrated that online laboratory use can scale to thousands of students dispersed on several continents.

Trade Elasticities for the G-7 Countries

Abstract: This paper reports the results of a project to estimate and test the stability properties of conventional equations relating real imports and exports of goods and services for the G-7 countries to their incomes and relative prices. We begin by estimating cointegration vectors and the error-correction formulations. We then test the stability of these equations using Chow and Kalman-Filter tests. The evidence suggests three findings. First, conventional trade equations and elasticities are stable enough, in most cases, to perform adequately in forecasting and policy simulations. Equations for German trade, as well as equations for French and Italian exports, are an exception. Second, income elasticities of U.S. trade have not been shifting in a direction that will tend to ease the trend toward deterioration in the U.S. trade position. The income-elasticity gap for Japan found in earlier studies was not confirmed in this analysis. Finally, the price channel is weak, if not wholly ineffective, in the case of continental European countries.