The goal of the construction of a Monetary Conditions Index (MCI) is to analyze boththe interest rate channel and the exchange rate channel. The construction is based on standardopen economy macroeconomic models. MCI is the weighted sum of the change in short-terminterest rate and the exchange...

Tourism, by its nature, generates important economic, social, political, and culturaleffects on the society as a whole, thus playing an indisputable role in the development of a nation.As a socio-economic activity, tourism represents, by its content and role, a distinct domain ofactivity, a...

Tourism is a complex social and economic phenomenon specific to modern civilization, anessential activity in the life of nations, being strongly influenced by the freedom of travel and theevolution of society. Addressing to large shares of the population and meeting the human need fortravelling...