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Economic Crises and Governments in Turkey, 1969-2001 (Turkiye'de Ekonomik Krizler ve Hukumetler, 1969-2001)

Kibritcioglu, Aykut - EconWPA - 2004

(This abstract and the paper are in Turkish.) Ekonomik krizler; herhangi bir mal, hizmet, uretim faktoru veya doviz piyasasindaki fiyat ve/veya miktarlarda, kabul edilebilir bir degisme sinirinin otesinde gerceklesen siddetli dalgalanmalar olarak tanimlanabilir. Soz konusu krizlerin ortaya...

Persistent link: https://www.econbiz.de/10005126199

Investment and Instability

Campos, Nauro F.; Nugent, Jeffrey B. - EconWPA - 2001

Although recet research has repeatedly found a negative association between investment and socio-political instability (SPI), the existence and direction of causality between these two variables has not yet been investigated. We construct an index of SPI for non-overlaping five-years periods...

Persistent link: https://www.econbiz.de/10005407747

WHO IS AFRAID OF POLITICAL INSTABILITY?

Campos, Nauro F.; Nugent, Jeffrey B. - EconWPA - 2001

An unstable macroeconomic environment is often regarded as detrimental to economic growth. Among the sources contributing to such instability, much of the blame has been assigned to political issues. This paper empirically tests for a causal and negative long-run relationship between political...

Persistent link: https://www.econbiz.de/10005118768

China and Neo-liberal Constitutionalism

Killion, M. Ulric - EconWPA - 2004

er Chinese neo-liberalism in answer to issues of reforms and Chinese constitutionalism. A Chinese neo … historicity of Western liberalism and China's ontological base in tradition, being Confucianism. The historic excesses and abuses … of liberalism should serve to frustrate a transplant of neo-liberal constitutionalism in China. …

Persistent link: https://www.econbiz.de/10005124920

Political Change, Economic Transition and Catalysis of IMF and World Bank Models - the case of Malawi

Stambuli, Kalonga - EconWPA - 2002

This paper investigates whether or not there is a recognizable pattern of cohesion in economic policy formulation between poor countries (on one hand) and the IMF and World Bank (on the other hand) in the context of change in domestic political dispensation. Malawi provides an appropriate study...

Persistent link: https://www.econbiz.de/10005126152

Between Liberalism and Democracy

Samet, Dov; Schmeidler, David - EconWPA - 1999

We study a class of voting rules that bridge between majoritarianism and liberalism. An outcome of the vote specifies …

Persistent link: https://www.econbiz.de/10005118577

An Estimated, New Keynesian Policy Model for Australia

Melecky, Martin; Buncic, Daniel - EconWPA - 2005

A two-block open economy model is estimated in this paper using Australian and U.S. data. Evaluation of the estimated model is carried out in relation to a simple closed economy alternative. Namely, we inspect the implied transmission mechanisms, and examine the relative out-of-sample...

Persistent link: https://www.econbiz.de/10005125001

Monetary policy and learning in an open economy

Ellison, Martin; Sarno, Lucio; Vilmunen, Jouko - EconWPA - 2004

In this paper, we examine the incentives for central bank activism and caution in a two-country open-economy model with uncertainty and learning. We find that the presence of a strategic interaction between the home and foreign central banks creates an additional motivation for caution in...

Persistent link: https://www.econbiz.de/10005561306

Monitoring Banking Sector Fragility

Kibritcioglu, Aykut - EconWPA - 2002

In the financial crisis literature, it is usually argued that, contrary to the case of currency crises, building a time series index to identify banking crisis episodes is highly difficult, particularly because of the lack of reliable data on banking sector variables (non-performing loans,...

Persistent link: https://www.econbiz.de/10005126447

Experience of Asian Asset Management Companies (AMCs): Do they Increase Moral Hazard? - Evidence from Thailand

Terada-Hagiwara, Akiko; Pasadilla, Gloria - EconWPA - 2004

This paper examines the performances of Asian asset management companies (AMCs). The analysis reveals that AMCs vary in their design and performance. Asset management companies can trigger moral hazard- inspired bank lending. Empirical examination of the Thai experience reveals that the moral...

Persistent link: https://www.econbiz.de/10005134678