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The world financial market is an extremely complex system that involves many different participants from local banks to …
Persistent link: https://www.econbiz.de/10008753267
Approaching the theory of economic cycle is not an issue that comes in hand! We are permitted to make such a statement based on the idea that explanations concerning the business cycle theory are strictly related to how each school of thought was able to understand the system that makes market,...
Persistent link: https://www.econbiz.de/10015228954
presence of turbulences on the financial markets. Regarding the fiscal and monetary policies, governments and central banks …, could compete with those of the central banks preoccupied by the prices stability. An accelerating inflation could shock the … undermine the central banks credibility, leading to distrust in the national currencies. In such situations, the inflation …
Persistent link: https://www.econbiz.de/10015267127
banks and other public authorities, the main constraints of the monetary policy and the phases of building a strategy. We …
Persistent link: https://www.econbiz.de/10015239563
In the last decades, the use of the exchange rates as nominal anchors to tie down the prices seemed to experience a decline. However, the exchange rates targeting could become a solution for some countries in dealing with the actual circumstances. In this paper we approach some key elements of...
Persistent link: https://www.econbiz.de/10015240216
, by increasing the reference interest rate from 0%-0.25% to 0.25%-0.50%. On the other hand, the central banks in the Euro …
Persistent link: https://www.econbiz.de/10012992117
Under the circumstances of rising and persistent deficits in the Romanian foreign trade, the contribution of net exports to the GDP growth remains negative, in 2005 halving practically the domestic demand increase. One factor behind this trend is the IPT (Inward Processing Trade) which doesn’t...
Persistent link: https://www.econbiz.de/10015222414
Over viewing the most recently evolutions throughout global economy, this study conceive that the collateral effects of economical globalization and market integration, represents the main issues debated in specialized professional or political circles. The unanimous impression underlines the...
Persistent link: https://www.econbiz.de/10015222715
Under the global crisis impact the structure of international trade flows witnessed significant changes. In the case of Romania, paradoxically for an emerging country, in terms of product composition during 2007-2010, the share of capital goods decreased in total imports and increased in total...
Persistent link: https://www.econbiz.de/10015230339