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The current global financial crisis involves a wide range of situations in which economies, financial institutions, and assets have lost a substantial portion of their value. Banking panics, financial crisis associated with financial bubbles' bursts, sovereign debt defaults, and currency crisis...
Persistent link: https://www.econbiz.de/10010669161
gradually adopted new monetary regimes with more or less emphasis on the exchange rate, inflation and growth targets. This study … analyses the economic background of the choice of monetary regime in these countries and their success in curbing inflation. A … (2008) - provides evidence of inflation targeting as being an effective policy to reduce inflation, however, reveals biased …
Persistent link: https://www.econbiz.de/10011130269
inflation since 2010 have led to a reevaluation of Brazil’s long-term potential growth rate. Growth accounting suggests that …
Persistent link: https://www.econbiz.de/10011242465
This Selected Issues paper for Bosnia and Herzegovina (BiH) reports that GDP per capita in BiH is similar to that in neighboring Balkan countries. BiH risks are falling behind rather than catching up with other transition economies in terms of its economic development. This could delay the...
Persistent link: https://www.econbiz.de/10011243646
national product, economic growth, aggregate employment, inflation and so on, and relevant relationships established between …
Persistent link: https://www.econbiz.de/10005403716
Countries vary widely with respect to the share of government spending on health, a metric that can serve as a proxy for the extent to which health is prioritized by governments. World Health Organization (WHO) data estimate that, in 2011, health's share of aggregate government expenditure in...
Persistent link: https://www.econbiz.de/10010754596
This paper discusses comovement between inflation and output in the euro area. The strength of the comovement may not … frequency, the output and core inflation comovement is high and stable, and that inflation lags the cycle in output with roughly … half of its variance. The strong relationship of output and inflation hints at the importance of demand shocks for the euro …
Persistent link: https://www.econbiz.de/10011242325
This paper aims to present the levels and the evolution of the two major macroeconomic indicators, the inflation and …
Persistent link: https://www.econbiz.de/10010812450
the Union, Romania attempts to solve problems of inflation, the nominal long-term interest rate and exchange rate …
Persistent link: https://www.econbiz.de/10010757488
This paper develops a full-fledged cost-benefit analysis of monetary integration, and applies it to the currency unions actively pursued in Africa. The benefits of monetary union come from a more credible monetary policy, while the costs derive from real shock asymmetries and fiscal disparities....
Persistent link: https://www.econbiz.de/10008560420