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much more prudence than in the past. Based on specific figures, the author proves that the banks' unwillingness to lend … of default loans to the total number of loans has been increasing in the long term, threatening the stability of banks …
Persistent link: https://www.econbiz.de/10009398907
Persistent link: https://www.econbiz.de/10011582380
The article discusses the relationship between monetary policy and price of oil, in broader sense price of commodities. Firstly it focuses on describing the relationship of key macroeconomic variables, gas prices and other commodities against oil prices. Subsequently, it discusses the existence...
Persistent link: https://www.econbiz.de/10008876462
incorporate banks and financial frictions into monetary policy modelling framework - therefore some new findings on this field of …
Persistent link: https://www.econbiz.de/10008876466
The first question that we ask ourselves in our article is whether the accounting of the central bank is supposed to respect the principles of internationally accepted standards (especially the International Financial Reporting Standards). We are looking for the basic differences in...
Persistent link: https://www.econbiz.de/10008545880
The article deals with the role of the central banks in advanced market economies and the theoretical possibility of … abolishing these institutions. Central banks have monopolies in some areas, especially regarding monetary policy. In many … countries, central banks also have monopolies in other areas, for example in the payment and clearing transactions for banks and …
Persistent link: https://www.econbiz.de/10008545886
There are three possible price movements in a market economy: stability, inflation, and deflation. Inflation and deflation are defined in this article as changes in the purchasing power of money caused by the money creation. Inflation and deflation have many asymmetric, and even some symmetric,...
Persistent link: https://www.econbiz.de/10008549675
The article contains a general analysis of the exchange rate convergence process of EU and eurozone-candidate countries. Emphasis is given to an analysis of the exchange rate policy of member states within the ERM/ERM2 mechanism (beginning several years before the introduction of the euro) and...
Persistent link: https://www.econbiz.de/10008549714
The article contains a general analysis of the exchange rate convergence process of EU and eurozone-candidate countries. Emphasis is given to an analysis of the exchange rate policy of member states within the ERM/ERM2 mechanism (beginning several years before the introduction of the euro) and...
Persistent link: https://www.econbiz.de/10008549881
The article is a general analysis of the exchange rate convergence process for EU and Eurozone candidate countries. The introduction states that exchange rate strategies of candidate countries have to be consistent with the „acquis communataire“ from beginning to end. For these countries,...
Persistent link: https://www.econbiz.de/10008549919