Showing 1 - 10 of 36
A high share of foreign currency denomination of domestic public debt in rules out any recourse to inflation tax as an effective adjustment device. Anti- inflation policies based upon hard peg regimes may remove the exchange rate risk in the short run but - as pointed out by Argentina’s...
Persistent link: https://www.econbiz.de/10005087106
Persistent link: https://www.econbiz.de/10012924031
This paper deals with the evolution of automobile sector during the 1990s in Central and Eastern Europe (CEE) Countries from a double point of view. At first, we wonder about the applicability to the sector of Flying Geese (FG) model, theorised by Kaname Akmatsu in the 1930s to explain...
Persistent link: https://www.econbiz.de/10009421761
The paper develops a small open economy growth model with endogenous innovations, in the presence of environmental … externalities. Building on the Grossman ad Helpman (1991) analytical framework of endogenous growth in open economies, pollution is … distortions may in fact result in a reduction of the growth rate of the economy, unless investment in knowledge capital, that is …
Persistent link: https://www.econbiz.de/10009649900
them to maintain the systematic current account surpluses through which they stimulate their GDP growth and by means of … continuation of its growth. It is preparing to substitute the United States as a major engine of world economy. At the same time it …
Persistent link: https://www.econbiz.de/10008632926
This paper examines the relationship between international production and exports for a number of countries. In the theoretical literature the relationship between direct investment and trade is not certain apriori: some works emphasize their complementarity, others their reciprocal...
Persistent link: https://www.econbiz.de/10005111540
Italian Abstract: All'interno dell'UE, la percezione che la convergenza sull'attuale insieme di regole non sia in grado di produrre convergenza sui risultati, o risultati generalmente migliori, ha aumentato la frammentazione socio-politica. Il risultato è stata una crescente domanda di...
Persistent link: https://www.econbiz.de/10012924983
Italian Abstract: Il funzionamento dei mercati finanziari richiede l’esistenza di infrastrutture per la conclusione degli scambi degli operatori. Queste devono essere sicure, efficienti e in grado di assicurare l’ordinato svolgimento delle operazioni che vi si effettuano. Lo Statuto del SEBC...
Persistent link: https://www.econbiz.de/10013225992
This paper examines regional inflation divergence within the European EMU aiming at characterizing the properties of inflation differentials. The empirical evidence suggests that a process of price level convergence in the EMU is well on its way.
Persistent link: https://www.econbiz.de/10005731542
This paper combines the literature on financial crises with that on international immigrations by investigating whether the increasingly large flows of workers� remittances can help reduce the probability of current account reversals. The rationale for this stands in the great stability and...
Persistent link: https://www.econbiz.de/10005113628