Financial inclusion efforts seek to ensure that all members of an economy can have access to and effectively use appropriate financial services. Improving financial inclusion has become a significant concern for developed and developing countries alike. There are many indicators of financial...

Der ifo Indikator für das Weltwirtschaftsklima ist nach dem leichten Rückgang im dritten Quartal wieder gestiegen. Während die Urteile zur aktuellen Lage nur minimal positiver ausfielen, ist der wirtschaftliche Ausblick für die nächsten sechs Monate hingegen spürbar optimistischer. Die...

This paper studies the Balassa-Samuelson effects in two areas with strong differences in economic development, sixteen OECD countries and sixteen Latin American economies. The USA is taken as a benchmark. Applying recent panel cointegration and bootstrapping techniques that solve for...