Erstmals seit fast zehn Jahren hat die US-Notenbank Fed Ende 2015 die Leitzinsen erhöht - ein erster Schritt auf dem Weg zu einer Normalisierung der Geldpolitik, die seit Beginn der Finanzkrise sehr expansiv ausgerichtet ist. Im Vorfeld wurde befürchtet, dass die Zinswende erhebliche...

The new ongoing world economy processes and political events have affected the Baltic countries. All these countries faced in a short time the complex of environmental conditions as the pressure of EU debt crisis, weak euro against the dollar, the Russian-Ukraine conflict, sanctions against...

When do flexible exchange rates prevent monetary and financial conditions from spilling over across currencies? We examine a model in which international investors strategically supply capital to a small inflation-targeting economy with flexible exchange rates. For some combination of...

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...

Theoretically based on national income accounting identities, the Feldstein-Horioka hypothesis downplays, if not totally ignores, the influence of monetary factors on international capital mobility. Recognizing the historical development of economics and the institutional arrangements of the...