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A monetary union is a group of states which share a single, or common, currency. An economic and monetary union (EMU), like the Eurozone, is characterized not only by a single currency, but also by a single market, as well as by a common economic and monetary policy. According to Cohen2, a...
Persistent link: https://www.econbiz.de/10005621591
Theoretical models point at various channels of the impact of inflation on corporate investment. This article attempts … corporate investment and inflation on the sample of 21 OECD countries in the years 1960-2005. The obtained negative relationship … relationship: marginal effect on corporate investment is higher at inflation rates between 3 and 5.5 per cent. These results …
Persistent link: https://www.econbiz.de/10008923022
This paper empirically examines developments in price and inflation in China from 1991 to 2005. Unlike most previous … evidence that inflation can be explained by economic fundamentals such as money, credits, productivity, and exchange rate … sensitive to the sample period than to the region type. Notably, money does not seem to be closely associated with inflation …
Persistent link: https://www.econbiz.de/10008615004
we need two variables – inflation and the output gap. In the case of India, incorrect measurement of both variables …
Persistent link: https://www.econbiz.de/10009147871
inflation in the Gulf Cooperation Council (GCC) countries over the 1980-2008 period. We argue that, in GCC countries, money is … supply stands out as a significant determinant of inflation both in short- and long-run. Both foreign prices and the nominal … effective exchange rate are shown to be more successful in explaining inflation in the long-run than the short-run. The half …
Persistent link: https://www.econbiz.de/10008765622
Institutions are important for the analysis of the association between the deficits and inflation. This study used …
Persistent link: https://www.econbiz.de/10011157004
China has experienced several episodes of inflation in recent years. Popular arguments attribute these episodes to …
Persistent link: https://www.econbiz.de/10011250906
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...
Persistent link: https://www.econbiz.de/10011251895
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...
Persistent link: https://www.econbiz.de/10011251900
This paper investigates how financial, trade, institutional and political liberalization policies have affected financial sector competition in Africa using updated data to appraise second generation reforms. The ‘freedom to trade’ and ‘economic freedom’ indices are employed. Hitherto,...
Persistent link: https://www.econbiz.de/10011258662