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The trilemma of a monetary union : another impossible trinity
Beck, Hanno; Prinz, Aloys - In: Intereconomics : review of European economic policy 47 (2012) 1, pp. 39-43
Persistent link: https://www.econbiz.de/10009490521
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The trilemma of a monetary union : another impossible trinity
Beck, Hanno; Prinz, Aloys - In: Intereconomics : review of European economic policy 47 (2012) 1, pp. 39-43
A monetary union among autonomous countries cannot simultaneously maintain an independent monetary policy, national fiscal sovereignty and a no-bailout clause. These three features make up an impossible trinity, and attempts to preserve all three concurrently will ultimately end in failure. In...
Persistent link: https://www.econbiz.de/10009686816
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Financial crisis: high cost of "non Europe"
Gros, Daniel - In: Intereconomics : review of European economic policy 43 (2008) 5, pp. 254-255
Persistent link: https://www.econbiz.de/10003761021
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Cross-region transfers in a monetary union : evidence from the US and some implications
Pennings, Steven - 2020
transfers. Results are broadly consistent with an open-economy New Keynesian model. At business-cycle frequencies, cross …
Persistent link: https://www.econbiz.de/10012241154
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The Quality of Fiscal Adjustment and the Long-Run Growth Impact of Fiscal Policy in Brazil
Blanco, Fernando; Herrera, Santiago - 2012
The authors describe the main trends of Brazil's fiscal policy during the past decade and analyze (1) the ability to raise the primary surplus in response to external shocks, (2) the pro-cyclical nature of fiscal policy, and (3) the long-run impact of government expenditure composition and...
Persistent link: https://www.econbiz.de/10012553826
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Infrastructure for Growth and Human Development in Pakistan : A Simulation Analysis of Fiscal Policy Options
Kinnunen, Jouko; Lofgren, Hans - 2013
final high-growth scenario explores requirements and consequences for Pakistan's economy if, during the period 2013-2022, it …
Persistent link: https://www.econbiz.de/10012560158
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Vietnam Public Expenditure Review : Fiscal Policies towards Sustainability, Efficiency, and Equity
World Bank Government of Vietnam - 2017
Vietnam has experienced an impressive development transformation. The "Doi moi" course initiated in 1986 has … more than doubled from 2000 to 2014, placing Vietnam amongst the fastest growing developing economies with the most …
Persistent link: https://www.econbiz.de/10012246751
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Vietnam Development Report 2019 : Connecting Vietnam for Growth and Shared Prosperity
World Bank Group - 2019
Globally, Vietnam is among the most open economies with a trade-to-GDP ratio of 190 percent in 2018. Through the … has made remarkable achievements in trade liberalization. Vietnam's major trade partners located in East Asia, North … relations and connectivity initiatives are relevant to Vietnam, including with Southeast Asian neighbors, and South Asia …
Persistent link: https://www.econbiz.de/10012646759
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Structural Change, Fundamentals, and Growth : A Framework and Case Studies
Mc Millan, Margaret - 2017
development quest. The sample includes Brazil, India, Vietnam and four African countries-Botswana, Ghana, Nigeria, and Zambia … industrialization only played a significant role in Vietnam …
Persistent link: https://www.econbiz.de/10012246181
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Reforming Non-Tariff Measures : From Evidence to Policy Advice
Cadot, Olivier - 2018
High levels of trade costs persist in the world trading system, despite recent progress in tariff reduction, trade facilitation, and logistics. At least some of these costs can be attributed to non-tariff measures (NTMs), policies imposed by governments other than ordinary customs duties which...
Persistent link: https://www.econbiz.de/10012644113