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Aggregate Savings and External Imbalances in China

Yang, Dennis Tao - 2012

Over the last decade, the internal and external macroeconomic imbalances in China have risen to unprecedented levels. In 2008, China's national savings rate soared to over 53 percent of its GDP, whereas its current account surplus exceeded 9 percent of GDP. The current paper presents a unified...

Persistent link: https://www.econbiz.de/10013098458

Labor Market Reforms and Current Account Imbalances : Beggar-Thy-Neighbor Policies in a Currency Union?

Baas, Timo - 2014

Member countries of the European Monetary Union (EMU) initiated wide-ranging labor market reforms in the last decade. This process is ongoing as countries that are faced with serious labor market imbalances perceive reforms as the fastest way to restore competitiveness within a currency union....

Persistent link: https://www.econbiz.de/10013046659

Oil Price Shocks, Monetary Policy and Current Account Imbalances within a Currency Union

Baas, Timo - 2018

For more than two decades now, current-account imbalances are a crucial issue in the international policy debate as they threaten the stability of the world economy. More recently, the government debt crisis of the European Union shows that internal current account imbalances inside a currency...

Persistent link: https://www.econbiz.de/10012930946

Does Joining the EU Make You Happy? Evidence from Bulgaria and Romania

Nikolova, Milena - 2016

We examine the effect of joining the European Union on individual life satisfaction in Bulgaria and Romania in the … context of the 2007 EU enlargement. Although EU membership is among the most important events in Bulgaria and Romania's modern … life satisfaction in Bulgaria and had a positive but statistically insignificant effect in Romania. One explanation is that …

Persistent link: https://www.econbiz.de/10013001327

The Impact of an Unexpected Wage Cut on Corruption : Evidence from a 'Xeroxed' Exam

Borcan, Oana - 2012

This paper aims to understand how corruption responds to financial incentives and, in particular, it is an attempt to identify the causal impact of a wage loss on the prevalence of corruption in the education sector. Specifically, we exploit the unexpected wage cut in May 2010 that affected all...

Persistent link: https://www.econbiz.de/10013104673

External Monetary Shocks and Monetary Integration : Evidence from the Bulgarian Currency Board

Minea, Alexandru; Rault, Christophe - 2021

Starting July the 1st 1997, Bulgaria adopted a Currency Board (CB) monetary system. This paper aims at investigating if … better (with respect to other CEEC) monetary integration of Bulgaria with the European Monetary Union (EMU). Since Bulgarian … terms of integration of Bulgaria into the EMU …

Persistent link: https://www.econbiz.de/10013315999

The Selection of Migrants and Returnees in Romania : Evidence and Long-Run Implications

Ambrosini, William - 2012

Romania relatively high rates of temporary migration might have positive long-run effects on average skills and wages …

Persistent link: https://www.econbiz.de/10013104655

Moroccans', Ecuadorians' and Romanians' Assimilation in Spain

Rodríguez-Planas, Núria - 2012

Using the 2007 Encuesta Nacional de Immigración (ENI), we find that male migrants follow a similar labor and legal assimilation pattern in Spain regardless of their nationality (with Romanians faring worse in terms of legal status but better in terms of employment status at arrival). Among...

Persistent link: https://www.econbiz.de/10013106298

Pollution Abatement and Control Expenditure in Romania : A Multilevel Analysis

Caporale, Guglielmo Maria - 2014

analyses the determinants of Pollution Abatement and Control Expenditure (PACE) at plant level in the case of Romania using … survey data and a Multilevel Regression Model (MRM). Our findings suggest that, although Romania has improved its …

Persistent link: https://www.econbiz.de/10013069636

Evaluating Active Labor Market Programs in Romania

Rodríguez-Planas, Núria - 2006

We evaluate the presence of effects from joining one of four active labour market programs in Romania in the late 1990s …

Persistent link: https://www.econbiz.de/10012778998

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