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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

We focus on the management of highly persistent shocks to aid flows, including HIPC or MDG-related increases in net flows, in the presence of currency substitution by the domestic private sector. Such shocks have beneficent long-run effects, but when currency substitution is high they can...

Persistent link: https://www.econbiz.de/10009441501

Currency Substitution and the Demand for Money in Five European Union Countries

Yildirim, Julide - 2003

The high degree of economic integration has led to an increased degree of currency substitution in the EU countries, which could bring instability in national money demand functions while an EU-wide money demand function could be more stable. Currency substitution usually takes the form of cross...

Persistent link: https://www.econbiz.de/10009445695

Reserve Requirements, Currency Substitution, and Seigniorage in the Transition to European Monetary Union

Daniels, Joseph; Van Hoose, David - 1996

This article considers a transition toward European monetary union that combines increased substitution of currencies and greater monetary, financial, and fiscal policy coordination. It explores how such a transition would affect national inflation and interest rates and required reserve ratios...

Persistent link: https://www.econbiz.de/10009484470

Does Foreign Exchange Reserve Decumulation Lead to Currency Appreciation?

Dominguez, Kathryn M. E.; Fatum, Rasmus; Vacek, Pavel - 2010

Many developing countries have increased their foreign reserve stocks dramatically in recent years, in large part motivated by the desire for precautionary self-insurance. One of the negative consequences of large accumulations for these countries is the risk of valuation losses. In this paper...

Persistent link: https://www.econbiz.de/10009476924

Diversification of Foreign Exchange Reserves in Newly Industrialized Countries

Hsu, Ker-Tah - 2001

The main purpose of this dissertation is to solve the following question: How will the emergence of the Euro influence the currency composition of the NICs?monetary reserves? Taiwan and Thailand are chosen as our investigation subjects. There are two sorts of motives for central banks' reserve...

Persistent link: https://www.econbiz.de/10009481267

Comparative analysis of corporate risk management practices in Croatian and Slovenian companies

Sprcic, Danijela Milos; Sevic, Zeljko - 2008

majority of analysed companies in both Croatia and Slovenia are using some form of risk management to manage interest …

Persistent link: https://www.econbiz.de/10009435330

MARGINAL ABATEMENT COSTS FOR REDUCING LEACHING OF NITRATES IN CROATIAN FARMING SYSTEMS

Sumelius, John; Grgic, Zoran; Mesic, Milan; Franic, Ramona - 2003

The aim of this paper is to identify optional ways of preventing NO3-levels from rising within Croatian farming systems, and the implications from the viewpoint of the manager. More specifically, the purpose is to 1) Determine whether Croatian farmers exceed profit maximising levels of...

Persistent link: https://www.econbiz.de/10009442427

QUANTITATIVE ANALYSIS OF THE IMPACTS OF CROATIA´S AGRICULTURAL TRADE POLICY ON THE AGRI-FOOD SECTOR

Weingarten, Peter; Frohberg, Klaus; Winter, Etti; … - 2003

Croatia recently signed several trade liberalisation agreements. The cornerstones of its trade policy are WTO … membership, the Stabilisation and Association Agreement with the EU and Croatia's application of membership as well as bilateral … impact of Croatia's agricultural trade policy on the agri-food sector. For the analysis, a partial equilibrium model based on …

Persistent link: https://www.econbiz.de/10009444374

Sugar sector in Croatia: competitive or not?

Franic, Ramona; Kumric, Ornella - 2006

, Croatia willhave to apply measures for decreasing production costs and increasing production, with the finalgoal of price …

Persistent link: https://www.econbiz.de/10009445582

Hijacking the Holy Grail? Emerging HR practices in Croatia

Taylor, David W.; Walley, Elizabeth E. - 2002

advantage of the firm. This paper draws on 21 diverse company case-study experiences in Croatia to review emerging HR practices …

Persistent link: https://www.econbiz.de/10009455013