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Garantien eine quasi unlimitierte Förderquelle, die zur Erhöhung systemischer Risiken beitrug. In der Mikrofinanzierung dagegen … Kapitalmarkt für die Mikrofinanzierung erschließen, ohne die Gefahr einer unkontrollierten Ausweitung von Risiken einzugehen. … and, thereby, deepen financial outreach to lower income customers. Not structured finance in itself, but the way it is …
Persistent link: https://www.econbiz.de/10010377871
This paper aims at the provision of applicable recommendations for institutions and actors involved regarding the EMU accession process both in CEE and in the euro-zone. In order to provide topical advice, the first part, on markets, will concentrate on theory and empirics of labour markets,...
Persistent link: https://www.econbiz.de/10003968901
The opening up of Central and Eastern Europe has provided new investment opportunities for German investors. At the same time, importing capital from abroad can be an efficient mechanism towards increased factor accumulation for the accession states to the European Union. In this paper, we study...
Persistent link: https://www.econbiz.de/10010492290
Governments of most accession countries in Central and Eastern Europe initially expressed keen interest to adopt the Euro as soon as possible. The fervour seems to have cooled somewhat in the meantime. This paper will argue that there are good reasons for mixed feelings. While monetary...
Persistent link: https://www.econbiz.de/10010492292
IV. Capital Market Deregulation, Financial Integration and Macroeconomic Performance in the Nordic Countries in the 1980s …
Persistent link: https://www.econbiz.de/10002187556
This paper analyses the economic effects of the eastern enlargement of the EU both on the existing Member States and the candidate countries using simulation results of a dynamic computable general equilibrium model. In addition to conventional trade policy impacts such as custom union formation...
Persistent link: https://www.econbiz.de/10002187792
We consider a small structural model to describe the transmission mechanism of monetary policy and the dynamics of inflation. We first verify the validity of the general structure estimating it for Germany which represents a sort of benchmark model. At least one of the links required for the...
Persistent link: https://www.econbiz.de/10002188024
Exchange-rate policies of Central Eastern European Countries (CEEC) have often been a subject matter. Yet, some new insights in terms of political economy considerations upon exchange-rate policy are provided. It is pointed out that it is more appropriate to analyse exchange-rate policy in...
Persistent link: https://www.econbiz.de/10002188157
Central and Eastern European (CEE) countries are expected to join the European monetary union (EMU) in a couple of years after their accession to the EU. According to the official views of the European Commission and the European central bank (ECB), monetary integration of CEE countries in the...
Persistent link: https://www.econbiz.de/10002189138
The main topic of the paper is optimal dynamics, i.e., timing of entry of the accession countries in the ERM 2 and EMU. Some of the crucial questions addressed in the paper are as follows: a) Should accession countries aim at an early or a delayed entry into the EMU? b) What are economic and...
Persistent link: https://www.econbiz.de/10002189173