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Intro -- Contents -- I. INTRODUCTION -- II. MAIN OBJECTIVES OF THE BSA -- III. KEY FEATURES OF THE FRAMEWORK FOR ANALYSIS -- IV. DATA METHODOLOGIES AND AVAILABILITY FOR BALANCE SHEET ANALYSIS -- V. USING TIMELY, HIGH-FREQUENCY BALANCE SHEET ANALYSIS IN SURVEILLANCE -- VI. CONCLUSIONS -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691042
Intro -- Contents -- I. INTRODUCTION -- II. BACKGROUND -- III. ANALYTICAL FRAMEWORK, KEY CONCEPTS, AND DATA -- IV. FOREIGN CURRENCY MISMATCHES IN GEORGIA -- V. ADDRESSING BALANCE-SHEET VULNERABILITIES IN GEORGIA -- VI. CONCLUSIONS AND POLICY IMPLICATIONS -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691088
The significant real exchange rate appreciation in Armenia and Georgia since 2003, coupled with persistent current account deficits, raises the question of whether real exchange rates have become overvalued. This paper seeks to identify possible exchange rate misalignment by applying the...
Persistent link: https://www.econbiz.de/10012677593
We compare and contrast the economic growth performance of Estonia and Georgia since the collapse of the Soviet Union in 1991 in an attempt to understand better the extent to which the growth differential between the two countries can be traced to increased efficiency in the use of capital and...
Persistent link: https://www.econbiz.de/10014409064
Remittance flows in emerging market and developing economies were surprisingly resilient during the COVID-19 crisis, providing much-needed income support for remittance-receiving households. However, households were impacted differently across income distributions. Using novel high-frequency...
Persistent link: https://www.econbiz.de/10015059504
Several transition economies have undertaken fiscal decentralization reforms over the past two decades along with liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may aggravate fiscal imbalances, unless the right incentives are in place to promote...
Persistent link: https://www.econbiz.de/10009618582
This paper analyzes factors that determine recent economic growth in the low-income countries of the Commonwealth of Independent States.2 The main findings are as follows: (1) productivity gains in export-oriented sectors and expansion of exports may have become the main sources of growth in...
Persistent link: https://www.econbiz.de/10005263670
Using firm-level data for Estonia for the years 1997-2005, we analyze the impact of international competition on firm dynamics, considering both firm closedown and product switching. We contribute to the literature in two important ways: (1) this is the first paper to study the determinants of...
Persistent link: https://www.econbiz.de/10005263707
This paper examines the importance of agglomeration economies and institutions vis-a-vis initial conditions and factor endowments in explaining the locational choice of foreign investors. Using a unique panel data set for 25 transition economies between 1990 and 1998, we find that the main...
Persistent link: https://www.econbiz.de/10005263716
Questions about external competitiveness, exchange rate misalignment, and the appropriate exchange rate policy feature prominently in the Russian policy debate. This paper furthers the debate by estimating empirically Russia's equilibrium real exchange rate (ERER)-that is, the rate consistent...
Persistent link: https://www.econbiz.de/10005263852