Showing 1 - 10 of 622
Persistent link: https://www.econbiz.de/10009486317
The paper looks at the hypothesis that financial market liberalization can create a basis for more stable exchange rates, as deviations of exchange rates from equilibrium levels bring forth stabilizing flows of liquidity. This ""endogenous liquidity"" hypothesis suggests that opening financial...
Persistent link: https://www.econbiz.de/10014404080
economies in Central and Eastern Europe. Actual VAT revenues in 1994 are compared with those that would have resulted if the …
Persistent link: https://www.econbiz.de/10014395799
Germany and the Czech Republic, Hungary, Poland, and Slovakia (the CE4) have been in a process of deepening economic … integration which has lead to the development of a dynamic supply chain within Europe—the Germany-Central European Supply Chain …
Persistent link: https://www.econbiz.de/10012667496
As labor input in Japan shrinks with population aging, capital accumulation and productivity gains will drive growth … through reforms to the tax code. Second, decreasing uncertainty through improved risk management by firms and by bolstering …
Persistent link: https://www.econbiz.de/10014403438
This paper assesses the macroeconomic impact and policy challenges related to Estonia’s prospective accession to the EU …-based illustrative scenario using MULTIMOD. We conclude that the welfare enhancing effects for Estonia of further EU integration are … Estonia’s accession-related adjustment, its fiscal and structural policies should be geared toward mitigating domestic demand …
Persistent link: https://www.econbiz.de/10014400750
Using firm-level data for Estonia for the years 1997-2005, we analyze the impact of international competition on firm …
Persistent link: https://www.econbiz.de/10014401739
-level productivity, focusing on the case of Estonia. We contribute to the literature in two important respects: (i) we look explicitly at …
Persistent link: https://www.econbiz.de/10014402569
Between 2000 and 2007 nonfinancial private sector credit expanded rapidly in the Baltic countries, resulting in a non-negligible build-up of debt. Could this legacy debt hold back the economic recovery of the region? This paper analyzes the setting in each of the three countries and, with the...
Persistent link: https://www.econbiz.de/10014402659
aggregates, complicate monetary management. These findings may require redesigning monetary instruments in favor of faster …
Persistent link: https://www.econbiz.de/10014403284