The phenomenon of the global imbalances is one of the causes of the current financial and economic crisis. The financial flows associated to these imbalances are in the origin of the generalized crisis in the international financial markets, which are incapable to absorb efficiently these huge...

The Asian financial crisis broke out in Thailand in July 1997, and rapidly spread throughout the neighboring countries. An important question then arises? Is it possible to predict next financial crisis? If yes, then what are the predictors? The answer lies in combined usage of economic theory...

We construct a dataset for every U.S. Treasury auction from 2003 to 2012. We find that market factors known before the auction -- FedFunds rate, S&P, VIX -- are all significant for the auction high-yield, but the relationships differ before vs. during QE and between Bond and Bills auctions....

Trade is presumed to act as a catalyst to economic growth. This paper reinvestigates the export-led growth hypothesis in Pakistan by using annual time series data on exports, imports, terms of trade, and the labor force participation rate as explanatory variables and gross domestic product (GDP)...

This paper looks at the major factors limiting economic growth in Pakistan. The paper then analyzes the structural problems faced by Pakistan today and goes on to discuss the challenges facing monetary policy makers in Pakistan as well as the problem of budget and trade deficits. The paper...

The article aims to analyze the impact of changes in terms of trade and terms of trade volatility on economic growth in Poland in the period 1980-2009. The results of test using the vector autoregressive model (VAR) revealed that improved terms of trade in Poland led to increased growth of GDP...

The purpose of this article is to deliver new estimates of the sacrifice ratio of Euro area countries. A high sacrifice ratio means a large loss of gross domestic product (GDP) or employment for a given reduction in inflation. In order to estimate the cost of adjustments in inflation rates by...

L’économie mondiale est au bord d’un nouveau ralentissement majeur Comme annoncé dans le rapport de l’année dernière, l’économie mondiale s’est considérablement affaiblie en 2012. Un nombre croissant de pays développés sont retombés dans une récession à double creux,...

L’économie mondiale est au bord d’un nouveau ralentissement majeur Comme annoncé dans le rapport de l’année dernière, l’économie mondiale s’est considérablement affaiblie en 2012. Un nombre croissant de pays développés sont retombés dans une récession à double creux,...

Основна цел на овој труд е да покаже што претставува нафтата за светското стопанство, нејзиното производство и употреба, влијанието на нафтата и нафтените...