Showing 1 - 10 of 73
This paper discusses the global financial crisis of 2008/9 in thirteen countries, the ten new EU members that previously were communist and the three countries of Western former Soviet Union. Their problems were excessive current account deficits and private foreign debt, currency mismatches,...
Persistent link: https://www.econbiz.de/10011430838
This paper aims to devise a monetary policy instrument rule that is suitable for open economies undergoing monetary convergence to a common currency area. The open-economy convergence-consistent Taylor rule is forward-looking, consistent with monetary framework based on inflation targeting,...
Persistent link: https://www.econbiz.de/10011430801
The model of the Russian economy that was formed in the 2000s does not match a new stable growth path, though it helped to calmly overcome the crisis of 2008 and 2009. The state needs to provide stability in the fields under its direct control, i.e. the budgetary and monetary policies. In the...
Persistent link: https://www.econbiz.de/10011430898
An increasing number of countries have adopted inflation targeting since New Zealand first adopted this framework in early 1990. Currently there are 21 countries using inflation targeting in every continent of the world. This paper discusses the characteristics of these countries and how the...
Persistent link: https://www.econbiz.de/10011689922
This paper deals with two related issues: the sustainability of China’s exchange rate regime and the opening up of its capital account. The exchange rate discussion deliberately passes over the issue of the “equilibrium” value of the renminbi and its alleged undervaluation – typically at...
Persistent link: https://www.econbiz.de/10011606234
American trade bloc consisting of Argentina, Brazil, Paraguay and Uruguay, with Venezuela's membership currently suspended. The … associate states of the bloc are Chile, Peru, Colombia, Ecuador, Guyana and Suriname. Bolivia is currently awaiting final …
Persistent link: https://www.econbiz.de/10014485933
This paper aims at analysing the determinants of the recent wave of European banks to Brazil under the context of the … European banks in Brazil, as well as the expansion strategy of the four major European banks in Latin America - BSCH, BBVA …, HSBC and ABN-Amro. In this regard, it shows that the recent wave of European banks entering Latin America and Brazil is …
Persistent link: https://www.econbiz.de/10011689902
. Dieses Engagement dehnen die Glaubensgemeinschaften in wachsendem Maße auf den Bereich der Politik aus. In Brasilien kommt …
Persistent link: https://www.econbiz.de/10013178841
Estimating farmers' supply responses to changes in framework conditions is important to in-form decision-makers on the expected impacts on production volume as well as the resulting land-use shifts. Existing agricultural supply response models generally require either larger databases with...
Persistent link: https://www.econbiz.de/10014313938
Die Europäische Zentralbank (EZB) führt derzeit eine Überprüfung ihrer geldpolitischen Strategie durch. Die letzte formelle Überprüfung fand im Jahr 2003 statt. Nun geht es darum, inwieweit diese Strategie in den vergangenen Jahren dazu beigetragen hat, das im EU-Vertrag festgelegte Mandat...
Persistent link: https://www.econbiz.de/10012488262