Thesis (Ph. D.)--University of Texas at Austin, 1983. / Vita. Includes bibliographical references (leaves 526-592).

This research aims to explain mechanisms of the new twin crisis, the influence of such a crisis on European integration, and identify indicators that can predict such a twin crisis. First, the old and the new twin crisis will be explained and the necessity of this research will be elaborated upon. Hereafter, the main mechanisms of the new twin crisis will be identified based on a literature review. From this literature review a set of indicators, accompanied by certain thresholds, will be created that can indicate that a twin crisis is about to happen. These indicators will be used to analyse data from 1970 until 2015 to asses whether this new twin crisis has occured in the past and what its political consequences were. The constructed mechanism to explain the new twin crisis and the list of indicators will be put to the test by conducting an indepth case study of Italy and its risk of encountering a new twin crisis. Based on the model that links the new twin crisis to political consequences, the case study attempts to link the new twin crisis to the European integration project. This research will lay the foundation for the creation of predictive models for the new twin crisis and provide insights in one of the main destabilisers for European integration. It therefore establishes a set-up and lay-out for future research in this specific field.

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One of the most important conclusions derived from the monetary approach to the balance of payments concerns the inability of a country operating under a fixed exchange rate regime to maintain an autonomous internal monetary policy at variance with that of the rest of the world. In the approach taken here, the domination of a small country by the monetary policy of a large trading partner (representing the world, i.e. with an economy likely to be unaffected by any action of its small partner yet strongly influencing that country's income) is examined for thirty-six country pairs. Transmission was measured by evaluating a linear autoregressive ordinary least squares model which identified the relationship, if any, of current changes in the rate of growth of money in the small country to past changes in money growth rates in the larger country. The monetary approach is strongly confirmed in the fifteen country pairs showing the longest periods of fixed currency values between the two. In addition, for those instances in which the monetary policy of the small country showed no relationship to that of the larger country, conditions that would potentially validate the monetary model were identified. / Master of Arts

The study was designed to examine the causal relationship between the Venezuelan inflation and the monetarist variables--money supply--and the structuralist variables-- exchange rate and balance of payments. The data (1964-1982) was gathered from the International Financial Statistic Yearbook, 1983 and the Statistical Yearbook, 1974, 1982. Chapter I is an introduction to the research problem. Chapter II does a review of the related literature. Chapter III deals with the methods and procedures for treating the data. Chapter IV presents an statistical analysis of the data. And, Chapter V contains a summary of the study and its findings, conclusions and recommendations. The study only found a significant relationship between inflation and the monetarist variables money supply and GNP, though supporting the monetarist theory. A similar investigation is suggested, but selecting a longer time period, other.variables, and more refined methodologies and analysis.

The work deals with the structure of the balance of payments, including its compensation process. It also includes an analysis of this statement in the Czech Republic. Given the importance of foreign direct investment in today's economy, which is based on the international division of labor, the work also focuses on the role of FDI in the country.

This thesis deals with global imbalances in the world economy. Chapter one focuses on balance of payments theory, savings and investment. It also specifies global imbalances and presents the most important periods of their development. Chapter two analyses main causes of global imbalances and discusses the relationship between imbalances and current economic crisis. Chapter three describes current development of global imbalances, anticipated development in future and analyses possible solutions at national and international level.

Diploma thesis deals with the Russian external economic balance, particularly with the balance of payments, indebtness and the rubl exchange rate. The first chapter introduces the theory of balance of payments. The second chapter includes a theoretical approach to exchange rate and development of the ruble exchange rate. Furthermore, I focus on the status of current and financial account of Russian balance of payments in the years 2000-2010. The fifth chapter is focused on analysis of Russian indebtness.

Diploma thesis focuses on the development of external economic balance of the Czech Republic in the years 2000-2009. The first chapter introduces the theory of the external economic balance. The second chapter describes the development of balance of payments of the Czech republic in the years 2000-2009. The third chapter analyzes the factors affecting the evolution of the balance of payments of the Czech Republic.