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Firm-level exchange rate exposure in the Eurozone
Hutson, Elaine; O'Driscoll, Anthony
Using a sample of 1154 European firms from 11 countries, we show that firm-levelexchange exposure for Eurozone and non-Eurozone … European firms has increased sincethe introduction of the euro, but this rise was smaller for Eurozone than non … Eurozone countries, so the advent of the euroappears to have been associated with a shift in exchange risk from systematic to …
Persistent link: https://www.econbiz.de/10009475709
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Riding the wave: monetary responses to aid surges in low-income countries
Buffie, Edward; Adam, Christopher S.; O'Connell, Stephen; … - 2006
the government’s seigniorage requirement. Our results argue that a managed float, with little or no sterilization of …
Persistent link: https://www.econbiz.de/10009441501
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OPTIMAL INFLATIONARY AND RESERVE REQUIREMENT POLICIES: A STUDY OF AN ECONOMY WITH AN INFORMAL SECTOR
Ali, Hamid - 2011
requirements and also by relying on seigniorage to finance their deficits. In the context of those practices, this research …
Persistent link: https://www.econbiz.de/10009441674
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Testimony on Dollarization
Calvo, Guillermo A. - 2000
, dollarization is a win-win proposition exceptpossibly for some fiscal costs (called seigniorage in the technical jargon). In the …
Persistent link: https://www.econbiz.de/10009450720
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Corruption, fiscal policy, and growth: A unified approach
Ghosh, S; Neanidis, KC - 2011
In this paper, we study the effects of bureaucratic corruption on fiscal policy and the subsequent impact on economic growth. Here corruption takes three forms: (i) it reduces the tax revenue raised from households, (ii) it inflates the volume of government spending, and (iii) it reduces the...
Persistent link: https://www.econbiz.de/10009480843
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Corruption and Central Banks
Schinke, Michael - 2005
state needs higher seigniorage revenue to generate the necessary income to cover government expenditure. These two theories …, that is, that corruption leads to a higher rate of inflation and/or higher seigniorage, will be tested for a cross …
Persistent link: https://www.econbiz.de/10009484798
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INFLATION AS A DISGUISED MECHANISM FOR REAL WEALTH DISTRIBUTION
Chikobava, Malkhaz - 2019
The article analyzes the public spending of inflation and the reasons for its permanence. It is noted that inflation negatively affects the finances, monetary and the entire economic system. It reduces the purchasing ability of money, undermines the possibilities of economy regulation,...
Persistent link: https://www.econbiz.de/10011971426
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Adjusting to the Euro
Fagan, Gabriel; Gaspar, Vitor - 2006
In this paper we argue that, for a group of converging economies of the European Union, participation in the euro area has been associated with easier access to financing by domestic economic agents. Easier access to financing was a significant impulse leading to a sharp increase in households'...
Persistent link: https://www.econbiz.de/10009440740
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How Important Are Foreign Shocks in Small Open Economy? The Case of Slovakia
Horváth, Roman; Rusnák, Marek - 2008
In this paper, we provide evidence on the nature and the relative importance of domestic and foreign shocks in Slovak economy based on block-restriction vector autoregression model in 1999-2007. We document well-functioning monetary transmission mechanism in Slovakia. Subject to various...
Persistent link: https://www.econbiz.de/10009477391
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Europos Centrinio banko veiklos teisinis reguliavimas
Narbutaitė, Gema - 2006
the Euro-zone. Moreover, the EMU creates conditions for economic and monetary stability all over Europe which allows for …
Persistent link: https://www.econbiz.de/10009478178