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The Sixth Five Year Plan, as outlined in Bangladesh's Poverty Reduction Strategy Paper, targets strategic growth and employment. The medium-term macroeconomic framework plan entails the involvement of both the private and public sectors. Human resources development strategy programs reaching out...
Persistent link: https://www.econbiz.de/10011244942
In this paper, we study the optimal mix of monetary and macroprudential policies in an estimated two-country model of the euro area. The model includes real, nominal and financial frictions, and hence both monetary and macroprudential policy can play a role. We find that the introduction of a...
Persistent link: https://www.econbiz.de/10010790358
This paper surveys the foreign exchange markets, money and secondary government security markets, and stock exchanges in 107 smaller economy countries. The underdevelopment of these markets impedes risk transfer, monetary policy, corporate financing, and the capacity to absorb capital inflows....
Persistent link: https://www.econbiz.de/10011245902
The question of how India should adapt monetary policy to ongoing financial globalization has gained prominence with … countries that have adapted to financial globalization, drawing lessons for India. While we find no strong relationship between …
Persistent link: https://www.econbiz.de/10005826246
Monetary and fiscal policies around the world are in better shape today than two decades ago. This paper studies … whether financial globalization has helped induce governments to pursue better macroeconomic policies (the "discipline effect … robust causal evidence. There is some evidence that financial globalization may have induced countries to pursue low …
Persistent link: https://www.econbiz.de/10005768809
We examine the properties of house price fluctuations across 18 advanced economies over the past 40 years. We ask two specific questions: First, how synchronized are housing cycles across these countries? Second, what are the main shocks driving movements in global house prices? To address these...
Persistent link: https://www.econbiz.de/10011242255
This Technical Note analyzes crisis preparedness and management framework in Austria. The global crisis revealed … weaknesses in Austria’s financial stability policy framework. Austria needs to put in place a special bank resolution regime to …
Persistent link: https://www.econbiz.de/10011244325
on Austria. Since the outbreak of the financial crisis, some Austrian credit institutions had to be nationalized as an ad …
Persistent link: https://www.econbiz.de/10011244459
Persistent link: https://www.econbiz.de/10011244520
This Financial Sector Stability Assessment report reviews economic development and different fiscal policies in Austria …
Persistent link: https://www.econbiz.de/10011244760