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Persistent link: https://www.econbiz.de/10011696224
%. Diese Entwicklung ging allerdings mit kräftigen Wachstumseinbußen einher. Bei der Fortsetzung des Stabilisierungskurses kann …
Persistent link: https://www.econbiz.de/10011601331
Die türkische Wirtschaft war in den letzten Jahren durch ein stetes Auf und Ab gekennzeichnet: Kurze Expansionsphasen wurden von gravierenden Krisen abgelöst, denen dann wieder Stabilisierungsbemühungen folgten. Dabei blieb die Inflationsrate alarmierend hoch. Mehrere Reformschritte wurden...
Persistent link: https://www.econbiz.de/10011601439
wirtschaftlichen Entwicklung in den letzten Jahren und der Stand der durchgeführten Reformen insbesondere im Bankensektor näher … betrachtet werden. Es zeigt sich, dass die Wirtschaft der Türkei - auch im Vergleich zur Entwicklung in den der EU zuletzt … beigetretenen Ländern - eine durchaus zufriedenstellende Entwicklung aufweist, so dass zumindest aus ökonomischer Sicht die …
Persistent link: https://www.econbiz.de/10011601586
We investigate the impact of fiscal variables on bond yield spreads relative to US Treasury bonds in the Czech Republic, Hungary, Poland, Russia and Turkey from May 1998 to December 2007. To account for the importance of market expectations we use projected values for fiscal and macroeconomic...
Persistent link: https://www.econbiz.de/10011605147
This paper – based on a report by a Task Force established by the International Relations Committee (IRC) of the European System of Central Banks (ESCB) – reviews macroeconomic and financial stability challenges for acceding (Bulgaria and Romania) and candidate countries (Croatia and...
Persistent link: https://www.econbiz.de/10011606200
The primary goal of monetary policy in most economies of the world is to achieve and maintain price stability. This paper evaluates price developments and consumer price indices in south-eastern European countries, i.e. countries that have either recently joined the EU or are candidate or...
Persistent link: https://www.econbiz.de/10011606209
The EU candidate and potential candidate countries have made considerable progress in economic transition and integration into the world economy within less than two decades. Nevertheless, gaps in terms of income per capita relative to the euro area remain large. This suggests that the...
Persistent link: https://www.econbiz.de/10011606238
Global financial integration has been associated with divergent patterns of real convergence and the current account in emerging markets. While countries in emerging Asia have been running sizeable current account surpluses, countries in emerging Europe have been facing large current account...
Persistent link: https://www.econbiz.de/10011606240
This paper reviews financial stability challenges in the EU candidate countries Croatia, Turkey and the former Yugoslav Republic of Macedonia. It examines the fi nancial sectors in these three economies, which, while at very different stages of development and embedded in quite diverse economic...
Persistent link: https://www.econbiz.de/10011606247