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Exchange rate flexibility has facilitated an impressively fast insertion of the Czech koruna and the Polish zloty into the global currency market. However, exchange rate volatility patterns differ: Lower volatility is observed for the koruna against the euro relative to the U.S. dollar, while...
Persistent link: https://www.econbiz.de/10005826189
This Selected Issues paper presents an assessment of leveraging oil wealth for development in Kazakhstan. By saving … most of the tax revenues collected from the oil sector in an off-budget oil fund Kazakhstan has been relatively successful … includes public enterprises in the oil and gas industry, is systemic in Kazakhstan. During the crisis the quasifiscal sector …
Persistent link: https://www.econbiz.de/10011244190
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architecture and promoting a business environment unencumbered by the state remain key challenges for Kazakhstan to become a …
Persistent link: https://www.econbiz.de/10011245119
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developing Kazakhstan into a leading emerging market economy requires concerted efforts to strengthen the policy architecture. It …
Persistent link: https://www.econbiz.de/10011243922
This paper analyzes the monetary policy framework in Kazakhstan. The authorities have been successful in containing …
Persistent link: https://www.econbiz.de/10011142107
Persistent link: https://www.econbiz.de/10005264260
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This paper analyzes the impact of the global crisis on six South-Eastern European countries. The main objective is to compare macro-financial conditions and policies in the run-up to the crisis as well as to compare the policy responses to it, so as to highlight, inter alia, possible...
Persistent link: https://www.econbiz.de/10009401192