In this study we try to detect the relationship between financial and real sector employing in the estimation procedure the recent time–series techniques of co–integration, vector error–correction modelling and Granger multivariate causality. We contribute to the existing...

This paper examines the importance of credit market shocks in driving global business cycles over the period 1988:1-2009:4. We first estimate common components in various macroeconomic and financial variables of the G-7 countries. We then evaluate the role played by credit market shocks using a...

This paper develops an analytical framework to explore how financial-sector characteristics shape the terms and the scale of public borrowing in emerging market economies. We find that the more competitive the banking sector and the more liquid and deeper the deposit market, the better are...

Цель статьи заключается в определении влияния глобализации на эффективность финансово-кредитных инструментов, обеспечивающих регулирование и стимулирование...

This study suggests that Asian emerging-market economies now have financial sectors relatively unlikely to provoke new financial crises, either because of reforms after the late-1990s East Asian financial crisis or because of the dominance of state-owned banks not subject to bank runs. Financial...

В статье рассматривается роль Центрального банка России на современном этапе развития нашей страны. Исследуется эффективность выполнения Банком России...

В статье рассматривается современная гипотеза отрыва финансового сектора экономики от реального сектора, раскрываются его причины и последствия,...

В данной статье исследуется финансомика, которая является одной из значимых проявлений новой экономики, раскрывается ее многогранное содержание как...

The analysis of the banking / financial business impact on economic growth is a topic present in the world economy for centuries. In recent years, this topic has gained on importance in international economic circles. Actuality of the aforementioned impact particularly sparked the global...

In this paper, the authors deal with the phenomenon of corporate social responsibility, its role and its ability to achieve competitive advantage. CSR represents the company’s orientation towards the improvement of the community welfare, on the one hand, and of the strategic benefits for the...