We specify a VEC model based on six main macroeconomic imbalances to explain the Great European Recession, in Germany, France, Spain and Italy, from 1999 to 2013, estimating their long-term relationships. We focus on employment and unemployment as the main imbalances and identify consumption and...

The study estimates calories, proteins and fats-income elasticities in sub Saharan Africa (SSA). Annual time series data for 43 countries covering 1975-2009 that yields a balanced panel was employed for the analysis. The nutrient-income elasticities are estimated based on the aggregate Engel...

Article introduces the notion of information money fields of the cyclic oscillations of the economic variables in the nonlinear dynamic economic system for the first time, and presents an original research on the Ledenyov theory on the information money fields of the cyclic oscillations of the...

The author has revealed strong links between Juglar and Kitchin cycles of world product (1961 - 2013) and U.S. GDP (1798–2013), on the one hand, and the cycles of solar activity – on the other. On this basis, he developed a forecast deterioration in the global conjuncture in 2014–2015...

In this article the features of the development of a society in the conditions of transitive economy are examined. The influence of the processes of transformation on the economic and social status of households, the feature of adaptation to new conditions and the reasons not population...

Subject matter of the research is the economic cycles of the world, national, and regional economies. Purpose of the work is to show their close relationship with the cycles of solar activity. The author used the methods of correlation and graphical analysis. It relies on the objectivity of the...

The article shows a strong connection between economic cycles in 1953-2012 and cycles of the intensity of galactic cosmic rays. All extremum points of the intensity curve of galactic cosmic rays coincide in time with the financial and economic crises. The author reveals the physical mechanism of...

Abstract This paper examines from the developing countries perspective important analytical and policy issues arising from: a) the current international discussions about corporate governance in relation to the New International Financial Architecture; b) changes in the international competitive...

After overcoming various financial crises in the mid-90's and early millennium (Tequila, Asian, Russian, Brazil, Argentina and Ecuador) Latin America found a proper environment conducive to reach sustained growth and macroeconomic stability. Endogenous elements - such as credit growth, the...

The need for effective supervision of capital markets is becoming all the more evident in the aftermath of the recent LIBOR and rate rigging scandals. Financial regulators or indeed bank regulators cannot perform such a function effectively without the involvement of auditors in the supervisory...