The aim of this chapter is to assess changes in the competitiveness of the Polish economy from 2010 to 2015. The analysis covers the basic indicators of economic development, such as GDP growth, inflation, unemployment, balance of public finances, and current account balance. Poland’s economic...

This study examines the relationship between crude oil price and financial sector intermediary development in Nigeria over the period 1975-2011, using the autoregressive distributed lag approach to cointegration analysis. Four measures of financial intermediary development are used including an...

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...

We isolate the direct bank-to-sovereign distress channel within the Eurozone's sovereignbank-loop by exploiting the global, non-Eurozone related variation in stock prices. We instrument banking sector stock returns in the Eurozone with exposure-weighted stock market returns from non-Eurozone...

We isolate the direct bank-to-sovereign distress channel within the eurozone's sovereign-bank-loop by exploiting the global, non-eurozone related variation in stock prices. We instrument banking sector stock returns in the eurozone with exposure-weighted stock market returns from non-eurozone...

The objective of this study is to investigate the macroeconomic performance of agriculture sector in various regimes for the year 1950 to 2010 employing ARDL, and ECM. After examining macroeconomic performance of agriculture sector of Pakistan, under alternative political setup that is...

Given that home country factors play a major role in the internationalization of emerging market firms, there is an ever-growing debate on how they influence the intensity of outward foreign direct investment (OFDI) from these regions. This study investigates how home country factors affect the...

Applying the Bayesian approach, a small open economy DSGE model was estimated using a sample of quarterly data for a macro-region formed by six Central Europe and Baltic economies: Czech Republic, Estonia, Hungary, Lithuania, Poland, and Slovakia. Estimates have been employed to investigate the...

The Philippines demonstrated significant economic growth - and is still gaining momentum - in recent years. This was after being tagged as the 'sick man of Asia' for showing slow growth while its Asian neighbors flourished. To sustain the current growth momentum and make it inclusive,...

Die Analyse der wirtschaftlichen Entwicklung und des ordnungspolitischen Reformprozesses in Estland ergibt ein überwiegend positives Bild. Es läßt den Schluß zu, daß Estland auf dem Weg zur Marktwirtschaft schon mehrere wichtige Schritte vorangekommen ist. Die gesamtwirtschaftliche...