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This paper discusses central bank losses and develops a formal framework for assessing the sustainability of its balance sheet. Analyzing the consequences of economic convergence in depth, it emphasizes the role played by the risk premium and equilibrium real exchange rate appreciation. A...
Persistent link: https://www.econbiz.de/10004969843
locate investment in transition and accession countries. Nominal exchange rate uncertainty seems to particularly hamper FDI …
Persistent link: https://www.econbiz.de/10008632999
Persistent link: https://www.econbiz.de/10011341272
countries (CEECs) can potentially enhance the credibility of their governments' policies through institutional integration with … the EU. The paper discusses the credibility problems faced by the CEECs and shows how EU membership will enhance the … institutional setting and the governments' credibility. Based on regression results between an indicator of institutional change and …
Persistent link: https://www.econbiz.de/10009276477
The purpose of this paper is to establish a positive correlation between property rights and economic freedom. It seeks to demonstrate that property rights lead to economic freedom. From a purely theoretical perspective, it has been assumed that greater access to property rights leads to...
Persistent link: https://www.econbiz.de/10012437721
Persistent link: https://www.econbiz.de/10005406611
of the world. The five currency boards in the region have lacked credibility. By contrast, inflation targeting has worked …
Persistent link: https://www.econbiz.de/10011430838
The paper is based on data of individual work histories of the 1993/94 representative Roma survey in Hungary. First the disappearance of full employment of Roma in the 1984-1994 period is documented by the use of a quasi cross-sectional macro model and the patterns of employment characteristics...
Persistent link: https://www.econbiz.de/10011521483
of the world. The five currency boards in the region have lacked credibility. By contrast, inflation targeting has worked …
Persistent link: https://www.econbiz.de/10008633097
Persistent link: https://www.econbiz.de/10005062863