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The Roles of Monetary Policy in the Process of Economic Reform in Eastern Europe
Bofinger, Peter - C.E.P.R. Discussion Papers - 1990
The first part of the paper analyzes the inflationary risks associated with price liberalization, the welfare costs of inflation and the difficulties of East European central banks in pursuing non-inflationary policies. The main obstacles are the low credibility of stabilization policies and a...
Persistent link: https://www.econbiz.de/10005123602
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The EMS Crisis in Retrospect
Eichengreen, Barry - C.E.P.R. Discussion Papers - 2001
This Paper reconsiders the 1992/3 crisis in the European Monetary System in light of its emerging market successors. That episode was a predecessor of the Mexican and Asian crises in the sense that both capital movements and domestic financial fragility played important roles. The output effects...
Persistent link: https://www.econbiz.de/10005067395
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A Multilateral Payments Union for Eastern Europe?
Bofinger, Peter - C.E.P.R. Discussion Papers - 1990
The paper analyzes the role of a multilateral payments union (PU) between East European countries (EEPU) as an intermediate solution in the process to full convertibility. After a description of the main functions of a PU, which is based on the historical model of the European Payments Union, it...
Persistent link: https://www.econbiz.de/10005497971
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Unravelling Secularization: an International Study
Brañas-Garza, Pablo; García-Muñoz, Teresa; Neuman, … - C.E.P.R. Discussion Papers - 2008
The current study examines individuals who were raised in a certain religion and at some stage of their life left it. Currently, they define their religious affiliation as ‘no religion’. A battery of explanatory variables (country-specific ones, personal attributes and marriage variables)...
Persistent link: https://www.econbiz.de/10005656201
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The Mother of All Sudden Stops: Capital Flows and Reversals in Europe, 1919-1932
Accominotti, Olivier; Eichengreen, Barry - C.E.P.R. Discussion Papers - 2013
financial centers at the end of the 1920s figured importantly in the decline in foreign lending. We draw parallels with Europe …
Persistent link: https://www.econbiz.de/10011084387
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Bridges or Buffers? Motives behind Immigrants’ Religiosity - A Comparative Study of Europe and the United States
García-Muñoz, Teresa; Neuman, Shoshana - C.E.P.R. Discussion Papers - 2013
two sides of the Atlantic – Europe and the United States. The contribution of the study is mainly empirical, trying to … indeed more religious than the populations in the receiving countries, both in Europe and in the United States; and (b) while … Europe it has mainly the function of a buffer and of a “balm for the soul”. There is an extensive literature on the ‘bridge …
Persistent link: https://www.econbiz.de/10011084585
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Institutions and Economic Growth: Europe After World War II
Eichengreen, Barry - C.E.P.R. Discussion Papers - 1994
length before or since. The elements of Europe's growth miracle -- wage moderation, high investment and rapid export growth …
Persistent link: https://www.econbiz.de/10005792491