Showing 1 - 10 of 34
Both IMF and the World Bank represented an answer to the collapse of international economy in the 30’s, but neither expected to play such an important role in the current world economy. Creation of the two international financial institutions was rushed by the global depression of the 30’s,...
Persistent link: https://www.econbiz.de/10011004974
During periods of economic crisis, monetary policy operations undertaken by central banks is increasing, often linked in a controversial operations performed by the State. The study examines the impact of monetary policy operations by the central bank on its financial statements in particular in...
Persistent link: https://www.econbiz.de/10009291682
Money laundering is a method of disguising the origin of unlawfully obtained capital; accordingly, the initial definition was phenomenological: “Money laundering is the process by which one conceals the existence of an illegal source, or illegal application of income, and disguises that income...
Persistent link: https://www.econbiz.de/10008751580
Given the nowadays economic instability, we might consider that financial auditors could have been one of the important triggers for the economic crisis. Companies that, shortly after undergoing financial audits and publishing their financial statements, seemed to display a viable and true and...
Persistent link: https://www.econbiz.de/10010751391
Within a short period of time, the Romanian financial institutions, corporate sector as well as household sector, moved from a period when the financial institutions enjoyed a rapid expansion, to a period of financial distress. Corporate sector use to have easy access to loans and risk...
Persistent link: https://www.econbiz.de/10008675921
During the past few years, in the recent post-crisis global banking and capital markets context, financial institutions around the globe are exploring new options to better secure their financing and refinancing demands. We will exhibit herewith a comparison between covered bonds and asset...
Persistent link: https://www.econbiz.de/10011082261
economies. This lead to the need for what the economists call sustainable convergence, whether we refer to the institutional …, legal, fiscal or monetary framework. This paper aims to investigate to current degree of convergence between the members of … economies. The obtained results confirm the convergence hypothesis between the new member states of the European Union, with …
Persistent link: https://www.econbiz.de/10011004921
Based on optimal currency area (OCA) criteria, this paper is assessing the real convergence process in Romania from the …. The main conclusion of our paper is the fact that Romania still needs time to progress on the real convergence criteria in …
Persistent link: https://www.econbiz.de/10011004987
In this paper, we examine the presence of convergence of real per capita incomes in G7 countries for the period of 1870 … break(s) are utilised to verify incidence of stochastic convergence, a necessary condition for conditional convergence …, while Carlino and Mills (1993) method is employed to confirm the existence of β-convergence, a sufficient requirement for …
Persistent link: https://www.econbiz.de/10011005004
This paper presents the main costs and benefits of accession to the EMU countries, different transmission mechanisms of monetary policy measures villages as national fiscal policies and the procedures for quantifying the effects of these measures on the real economy. Are costs caused by the...
Persistent link: https://www.econbiz.de/10005087788