Showing 1 - 10 of 764
resources. This article outlines a strategy for increasing the extent to which domestic savings are made available for …
Persistent link: https://www.econbiz.de/10011548297
Persistent link: https://www.econbiz.de/10001050563
In view of the preponderant role investments play at present in any development policy, it may well be worthwhile examining whether it would not be advisable in drawing up future aid schemes to lay greater emphasis on the stimulation of consumption.
Persistent link: https://www.econbiz.de/10011558905
Persistent link: https://www.econbiz.de/10003961233
Persistent link: https://www.econbiz.de/10009152893
This paper contributes to the discussion on the European current account imbalances by analysing the intra-European trends since 1990 based on the theory of optimum currency areas. The authors show that German unification was the origin of not only the 1992-93 EMS crisis but also rising...
Persistent link: https://www.econbiz.de/10009760197
Persistent link: https://www.econbiz.de/10011554986
In its present set-up, the EMU could be expected to follow its historical predecessor, the Latin Monetary Union, which was founded in 1865 and in effect ended in 1914. Then as now, it was impossible to coerce sovereign states to follow the rules needed to establish a single currency.
Persistent link: https://www.econbiz.de/10011992939
Given the global trend in corporate saving over the last decades, the COVID-19 crisis raises doubts about the persistence of companies’ saving behaviour due to the losses which have occurred in many companies caused by the isolation of households and by lockdowns. Before the pandemic,...
Persistent link: https://www.econbiz.de/10012437471
There is a consensus among academics and policymakers that the excess savings built up by households during the past … savings generally increase during recessions; the pandemic is different only by the magnitude of these savings, but not by … their sign. Moreover, it suggests that these excess savings are rather compensatory than precautionary, as households save …
Persistent link: https://www.econbiz.de/10013347700