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No strings attached: Corporate welfare, state intervention, and the issue of conditionality
Bulfone, Fabio; Ergen, Timur; Kalaitzake, Manolis - 2022
Rückkehr der Industriepolitik diagnostizieren, Transfers an Unternehmen fälschlicherweise als Wiederbelebung staatlichen … des Problems aus den Bereichen unkonventionelle Geldpolitik, Privatisierungen und regionale Wirtschaftsförderung. …
Persistent link: https://www.econbiz.de/10013189712
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Russian monetary policy: Assessing the track record
Buch, Claudia M. - 1996
Since early 1995, monetary stabilization has gradually been achieved in Russia. Extremely high real interest rate have …
Persistent link: https://www.econbiz.de/10010275459
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A preliminary evaluation of monetary policy rules for Russia
Esanov, Akram; Merkl, Christian; Vinhas de Souza, Lúcio - 2004
The paper reviews the recent conduct of monetary policy and the central bank's rule-based behavior in Russia. Using … different policy rules, we test whether the central bank in Russia reacts to changes in inflation, output gap and the exchange … rate in a consistent and predictable manner. Our results indicate that during the period of 1993-2002 the Bank of Russia …
Persistent link: https://www.econbiz.de/10010277970
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Russia's Financial Markets Boom, Crisis and Recovery 1995-2001: Lessons for Emerging Markets Investors
Süppel, Ralph - 2003
From 1995 to 2001 Russia witnessed an asset market boom, a deep financial crisis, and a surprisingly forceful recovery …. An event study of this episode provides important insights for Emerging Market investment and Russia's medium … conditions. Together with persistent commitment towards international integration this heralds a long-term convergence of Russia …
Persistent link: https://www.econbiz.de/10011689911
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Monetary policy rules for Russia
Esanov, Akram; Merkl, Christian; Vinhas de Souza, Lúcio - 2004
The paper reviews the recent conduct of monetary policy and the central bank’s rule-based behavior in Russia. Using … different policy rules, we test whether the central bank in Russia reacts to changes in inflation, output gap and the exchange … rate in a consistent and predictable manner. Our results indicate that during the period of 1993-2002 the Bank of Russia …
Persistent link: https://www.econbiz.de/10010283277
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Credit access and borrowing costs in Poland's agricultural credit market: a hedonic pricing approach
Petrick, Martin; Latruffe, Laure - 2003
The paper empirically investigates credit access and borrowing costs in Poland's rural financial market. We conduct an econometric analysis based on cross-sectional survey data including formal loans taken in the period 1997-1999. A hedonic regression of the effective interest rate, comprising...
Persistent link: https://www.econbiz.de/10010299404
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Farm investment, credit rationing, and public credit policy in Poland: a microeconometric analysis
Petrick, Martin - 2002
The aim of this paper is to empirically analyse the effects of governmentally promoted credit access on the investment behaviour of credit rationed farmers. This is done by specifying an empirical investment equation which is estimated on a cross-sectional sample of Polish farm household data....
Persistent link: https://www.econbiz.de/10010299431
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Conventional and unconventional monetary policy
Cúrdia, Vasco; Woodford, Michael - 2009
We extend a standard New Keynesian model both to incorporate heterogeneity in spending opportunities along with two sources of (potentially time-varying) credit spreads and to allow a role for the central bank's balance sheet in determining equilibrium. We use the model to investigate the...
Persistent link: https://www.econbiz.de/10010287020
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How Amsterdam got fiat money
Quinn, Stephen; Roberds, William - 2010
We investigate a fiat money system introduced by the Bank of Amsterdam in 1683. Using data from the Amsterdam Municipal Archives, we partially reconstruct changes in the bank's balance sheet from 1666 through 1702. Our calculations show that the Bank of Amsterdam, founded in 1609, was engaged in...
Persistent link: https://www.econbiz.de/10010292282
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Credit subsidies
Correia, Isabel; De Fiore, Fiorella; Teles, Pedro; … - 2016
In a model with costly financial intermediation and financial disturbances, credit subsidies are desirable, irrespective of how they are financed. They are especially useful when the zero lower bound constraint is reached. They are superior to other credit policies such as direct lending.
Persistent link: https://www.econbiz.de/10011605922