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As the U.S. Fed begins to increase the Federal Funds rate, interest rates in Hong Kong SAR will rise in tandem under the Currency Board system. While domestic economic activity in Hong Kong SAR remained resilient in previous rate hike cycles, there is a concern that the impact of higher interest...
Persistent link: https://www.econbiz.de/10012996066
The study examines the effect of health care reform in Bulgaria in 1999 on the equity of health care financing. It …
Persistent link: https://www.econbiz.de/10012777947
This paper presents an empirical analysis of the medium and long-term determinants of the real (effective) exchange rate (RER) of the Bulgarian lev using elements from the natural real exchange rate (NATREX) and the behavioral equilibrium exchange rate (BEER) approaches. The results indicate...
Persistent link: https://www.econbiz.de/10012778609
The scope for increasing public spending to meet Bulgaria’s development needs is limited by low revenue. Increasing the …
Persistent link: https://www.econbiz.de/10014082662
Labor productivity levels in Bulgaria lag well behind that in the EU, weighing on the convergence process. Stronger … productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural … productivity suggest that for Bulgaria closing the gap with EU standards in the areas of institutional and infrastructure quality …
Persistent link: https://www.econbiz.de/10013102273
With fiscal adjustment proceeding quickly in Bulgaria and given the weak economic growth environment, there is keen … economic activity in Bulgaria using econometric and model-based approaches. While fiscal multipliers have been modest in the …
Persistent link: https://www.econbiz.de/10013085612
This paper focuses on EU structural and cohesion funds assistance to Bulgaria during the 2007–13 program period …
Persistent link: https://www.econbiz.de/10013057737
This paper discusses the foundations for a medium-term fiscal framework for Bulgaria, a transition economy aspiring to … macroeconomic policies and facilitate preparations for EU membership. It presents an illustrative scenario for Bulgaria, utilizing a …
Persistent link: https://www.econbiz.de/10013317960
Absolute poverty has dropped markedly in Bulgaria but income inequality has increased substantially in the aftermath of …
Persistent link: https://www.econbiz.de/10013315126
This paper synthesizes four lessons from the experiences of six Asian e-money schemes for central banks as they consider adopting central bank digital currency (CBDC): (i) CBDC should embody four attributes: trust, convenience, efficiency, and security; (ii) CBDC service providers can facilitate...
Persistent link: https://www.econbiz.de/10014350034