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PROMISSORY NOTE AS PAYMENT SECURITY INSTRUMENT IN THE REPUBLIC OF CROATIA
Marković, Branimir; Matić, Branko; Karačić, Domagoj - Volkswirtschaftliche Fakultät, … - 2007
In the modern world, a legal framework has been set up and a market regulator has been defi ned so that payment as a relation between the debtor and creditor can not be put in question regarding the realization of their integral rights. Countries in transition, including Croatia (the Republic of...
Persistent link: https://www.econbiz.de/10005836601
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String of defaults: Spanish financial crises through the years
Shachmurove, Tomer; Shachmurove, Yochanan - Volkswirtschaftliche Fakultät, … - 2011
Like many countries, Spain has gone through a series of financial crises, both before and after its industrialization. There are many underlying causes for these crises, as well as for the current Spanish downturn. It is worth noting that there are similarities between recessions throughout the...
Persistent link: https://www.econbiz.de/10009418511
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The failure of financial macroeconomics and what to do about it
Chatelain, Jean-Bernard; Ralf, Kirsten - Volkswirtschaftliche Fakultät, … - 2012
) inefficient financial markets rarely ensure that the price of an asset is equal to its “fundamental long term value”. Both …
Persistent link: https://www.econbiz.de/10011257997
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Restaurer la crédibilité des fondements juridiques et économiques de la stabilité financière: la nécessité d'incorporation des théories économiques?
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2013
To what extent can monetary and financial crises and cycles be explained through economic theories? This paper is aimed at highlighting why a reliance on economic theories may be necessary given certain flaws which have been revealed from the recent Financial Crisis. Namely, that economic and...
Persistent link: https://www.econbiz.de/10011258328
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Considerazioni finali del governatore della Banca d’Italia: un commento
Schilirò, Daniele - Volkswirtschaftliche Fakultät, … - 1997
This contribution is an analysis and a comment of the Final Remarks of the Governor of the Bank of Italy and his directions of economic policy for the Italian economy. An economy that has a high unemployment and also supports a public debt that, despite the recent efforts of fiscal...
Persistent link: https://www.econbiz.de/10011261012
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Wiederherstellung der Glaubwürdigkeit der rechtlichen und wirtschaftlichen Grundlagen der finanziellen Stabilität: die Notwendigkeit für eine Gründung der Wirtschaftstheorien?
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2013
To what extent can monetary and financial crises and cycles be explained through economic theories? This paper is aimed at highlighting why a reliance on economic theories may be necessary given certain flaws which have been revealed from the recent Financial Crisis. Namely, that economic and...
Persistent link: https://www.econbiz.de/10011107686
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A Comment on Chicago Rule, Chicago School, and Commercial Bank Seigniorage
varelas, erotokritos - Volkswirtschaftliche Fakultät, … - 2013
Chicago rule is shown to be the unique optimal monetary policy rule from the viewpoint of an intergenerational welfare-maximizing social planner. But, in the absence of commercial banking, it really mandates the elimination of the public sector, because it involves the elimination of central...
Persistent link: https://www.econbiz.de/10011109171
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Nominal Rigidity and Some New Evidence on the New Keynesian Theory of the Output-Inflation Tradeoff
Sun, Rongrong - Volkswirtschaftliche Fakultät, … - 2012
This paper develops a series of tests to check whether the New Keynesian nominal rigidity hypothesis on the output-inflation tradeoff withstands new evidence. In so doing, I summarize and evaluate different estimation methods that have been applied in the literature to address this hypothesis....
Persistent link: https://www.econbiz.de/10011112306
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ISSUING POLICIES IN CURRENCIES DENOMINATED IN EUROS AND EUROCENTS
Novak, Branko; Matić, Branko; Stjepanović, Slobodanka - Volkswirtschaftliche Fakultät, … - 2003
Globalization and strengthening of integration processes have, among other things, also influenced some solutions relating to monetary sovereignty of particular countries. A great number of transition countries as well as some other underdeveloped countries are facing both inefficiency in their...
Persistent link: https://www.econbiz.de/10005620044
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CRUDE OIL AND MOTOR FUEL: FAIR PRICE REVISITED
Kitov, Ivan; Kitov, Oleg - Volkswirtschaftliche Fakultät, … - 2010
price index of transportation) relative to the overall CPI as a linear function of time. Under our framework, all price …In April 2009, we introduced a model representing the evolution of motor fuel price (a subcategory of the consumer … deviations from the linear trend are transient and the price must promptly return to the trend. Specifically, the model predicted …
Persistent link: https://www.econbiz.de/10008543797