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Singapore and India, two potentially strong Asian allies in today’s global economic order. Practised and adopted in many … variants over the world, the “New” variant of “State Capitalism” as pursued in the emerging city-nation of Singapore has … strength-gathering and rapidly developing nation, although its successes, compared to Singapore, have been modest on many …
Persistent link: https://www.econbiz.de/10011110650
Public financial management by the government is very important in view of the level of welfare in Indonesia is still low, as there are still much poverty with the level of fulfillment of the needs of low, corruption that occurs in every area of government, income distribution is uneven, low...
Persistent link: https://www.econbiz.de/10012968836
Persistent link: https://www.econbiz.de/10013459233
This paper reviews the perspective of banking sector reforms since 1970 to date. It notes four eras of banking sector reforms in Nigeria, viz.: Pre-SAP (1970-85), the Post-SAP (1986-93), the Reforms Lethargy (1993-1998), Pre-Soludo (1999-2004) and Post-Soludo (2005-2006). Using both descriptive...
Persistent link: https://www.econbiz.de/10005621621
This paper examines the inflation targeting experience in developing countries. Based on panel data of 53 developing countries, of which 20 those have adopted inflation targeting policy by the end of 2007, the purpose is to show the effects of inflation targeting on macroeconomic performance in...
Persistent link: https://www.econbiz.de/10011113755
From the policy mix theory to the related empirical works, quantifying the degree of coordination of monetary and fiscal policies seems to be missing. In this paper, we propose an index (ICPM) which measures the coherent nature of the policy mix rather than it restrictive or expansive character....
Persistent link: https://www.econbiz.de/10011220300
From the policy mix theory to the related empirical works, the quantification of the coordination of monetary and fiscal policies seems to be missing. In this paper, we propose an index (PMCI) which measures the coherent nature of the policy mix rather than it restrictive or expansive character....
Persistent link: https://www.econbiz.de/10011251899
Keynes’ original intention in introducing the concept of a liquidity trap was to explain the reason why persistent large amounts of unutilized resources were generated during the Great Depression. This paper shows that this type of phenomenon cannot be explained in the framework of a...
Persistent link: https://www.econbiz.de/10011258943
A policy mix characterized by a monetary policy whose main objective is price stability and fiscal policy under fiscal discipline can he permit to keep prices and production levels of social optimum to sustain economic growth ? In this paper, an index of the policy mix is ​​built for...
Persistent link: https://www.econbiz.de/10011258948
In October 2008 the main Hungarian public finance actors: the government, the National Bank of Hungary (MNB) and experts cited the high public debt and volume of unsecured foreign-currency loans as the main reasons for the economy’s vulnerability. On the other hand according to the formal...
Persistent link: https://www.econbiz.de/10011258999