In the preceding period, like nowadays, inflation targeting as a strategic frame for implementing monetary policy is subject to critics from the economists. Those critics refer primarily to an excessive focusing of the creators of monetary policy to “inflation only” targeting and neglecting...

Does the increasing tertiarisation of an economy have the potential to sustain its growth rate? This work aims at contributing to this debate from a Portuguese perspective by conducting a characterization of the services sector in Portugal for the period 1970-2005/8. We first analyze the...

The high economic growth rates that emerging economies experienced over the last two decades have been studied with great interest by numerous economists. Even during a time of global crisis such as the present one, countries like Brazil, India and China (BICs) continue to achieve high growth...

The aim of this chapter is to address the key transmission channels and possible mechanisms for minimizing or even neutralizing the effects of the global economic crisis in the Western Balkan countries. In that respect, the macroeconomic indicators will be analysed for the period starting just...

The aim of this chapter is to initiate a reflection about the potential connection between Credit Rating Agencies (CRA) performance and long-run macroeconomic performance based on the idea that inaccurate and volatile rating decisions can hinder the development of the financial system and...

The suspension of economic sanctions and the liberalization of Serbian economic system after the year 2000 led to free space for foreign direct investment. The delay, caused by economic sanctions, in opening the country towards the environment for more than ten years have a great impact to...

This chapter presents an empirical analysis of labor market structure and its relationship with foreign trade and economic growth. The labor market structure is measured by a set of diversification indexes inspired from the most important economic diversity indexes used in the literature. On the...

The collapse of the system of Bretton Woods pushed Tunisia adopted various policies of exchange to avoid imbalances of the balance of payments. Since, this country aimed to maintain or to improve its external competitiveness in order to balance its current account through the promotion of...

Small and Medium-sized Enterprises are recognized as the backbone of every economy and the key source of economic growth, dynamism and flexibility in advanced industrialized, as well as in transitional and developing countries. Policymakers are conclusive in attempt to promote the more dynamic...