Stochastic simulations are used on the Liverpool Model of the UK to assess the effect of UK euro entry on macroeconomic stability. Instability increases substantially, particularly for inflation and real interest rates. A key factor is the extent of the euro's instability against the dollar; by...

Fortschritte bei der Armutsbekämpfung sind in Bolivien seit Beginn der Reformen eher bescheiden geblieben, wenn man die erzielten Stabilisierungs- und Wachstumserfolge als Referenz zugrunde legt; sie sind sogar enttäuschend, wenn man sie an den Zielen der Armutsreduzierungsstrategie misst. Die...

Recent economic forecasts increase the probability that firstly, the EMU can start as planned on January 1, 1999 and secondly, that it will start with a large group of countries. The economic implications of the artificially unification of "hard-currency" and "soft-currency" countries are...

The purpose of this paper is to illustrate the economic impact mechanism of the secession of Great Britain from the European Union (Brexit) on the Hungarian economy, and to quantify the domestic growth risks. Several international studies have dealt with this topic using partial analysis and...