Showing 1 - 10 of 3,140
Purpose: This paper examines whether the economies of oil-exporting countries respond to oil shocks differently, depending on the country’s political economy factors, such as regional economic alliance, stage of economic development, and the exchange rate regime, using a structural Vector...
Persistent link: https://www.econbiz.de/10012240085
The authors review the challenges that the Romanian economy and society had to face in the European and global geoeconomic context. Starting from the perspectives advanced by the international economic fora, the risks the European economy will have to answer through counteracting and general...
Persistent link: https://www.econbiz.de/10014464256
This study investigated the impact of external debt on economic growth of Tanzania for the period of 1990-2010. The study used time series data on external debt and economic performance. It is assumed that external debt helps developing countries to meet developing needs. While debt servicing...
Persistent link: https://www.econbiz.de/10009759702
The antecedent studies have designed a novel financial mechanism in which, upon trading intellectual capital, the economy creates or receives money to ensure unimpeded capital access and spur its generation and exploitation. This piece summarises some mathematical aspects, allowing us to apply...
Persistent link: https://www.econbiz.de/10014358610
, particularly in a big emerging economy such as Indonesia, which has implemented various financial reforms following East Asian … economic growth and credit market development in Indonesia by investigating their long-run causality relationship over the … economic growth and credit market development in Indonesia. In addition, it also indicates that lending rate positively affects …
Persistent link: https://www.econbiz.de/10012941757
This study discusses the effect of human capital and technology on economic growth in Indonesia using annual time … growth in Indonesia. Educational development is the key to the success of increasing human capital and technological …
Persistent link: https://www.econbiz.de/10013215820
This paper aims to investigate the presence of a creditless economic recovery in Eastern Europe, after de 2008-2009 output collapse. To this end, we use three variables: credit stock, credit flow and money supply M1. We find that the changes in the credit flow, as percentage of GDP, are the most...
Persistent link: https://www.econbiz.de/10010529024
This paper analyzes firms' difficulties in accessing credit before and during the crisis, by focusing on two of their characteristics: financial fragility and growth prospects. Our econometric analysis indicates that fragile financial conditions were associated with a much higher than average...
Persistent link: https://www.econbiz.de/10013099614
The Great Financial Crisis of 2007-09 confirmed the vital importance of advancing our understanding of macrofinancial linkages, the two-way interactions between the real economy and the financial sector. The crisis was a bitter reminder of how sharp fluctuations in asset prices, credit and...
Persistent link: https://www.econbiz.de/10012929483
Can fixed exchange rate regimes cause output divergence among member states? We show that such divergence is a long-run equilibrium characteristic of a two-region model with fixed exchange rates, heterogeneous labor markets, and endogenous growth. Under flexible exchange rates, monetary policy...
Persistent link: https://www.econbiz.de/10013186796