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Monetary policy contributes to stabilize growth. Particularly in a reforming context for financial and economic activities, it is important to know how central bankers' decisions through the short term interest rate of the money market are transmitted to the real variables: the GDP and the...
Persistent link: https://www.econbiz.de/10010290074
Monetary policy contributes to stabilize growth. Particularly in a reforming context for financial and economic activities, it is important to know how central bankers' decisions through the short term interest rate of the money market are transmitted to the real variables: the GDP and the...
Persistent link: https://www.econbiz.de/10009540705
Monetary policy contributes to stabilize growth. Particularly in a reforming context for financial and economic activities, it is important to know how central bankers' decisions through the short term interest rate of the money market are transmitted to the real variables: the GDP and the...
Persistent link: https://www.econbiz.de/10010080125
Monetary policy contributes to stabilize growth. Particularly in a reforming context for financial and economic activities, it is important to know how central bankers’ decisions through the short term interest rate of the money market are transmitted to the real variables: the GDP and the...
Persistent link: https://www.econbiz.de/10008520031
The paper is an empirical study on contagion during the 1997–1998 Asian crisis. In line with Sander and Kleimeier [Sander, H., Kleimeier, S., 2003. Contagion and causality: an empirical investigation of four Asian crisis episodes. International Financial Markets, Institution and Money 13,...
Persistent link: https://www.econbiz.de/10010905171
Vulnerability–resilience indexes fail to grasp all dimensions of sustainability, whereas sustainable development has gained momentum. We fill this gap with a hierarchical multimetric composite index (Net Vulnerability Resilience Index: NVRI) whose robustness relies on a mathematical algorithm...
Persistent link: https://www.econbiz.de/10011228188
Using the structural unobserved component (UC) modeling, this study analyzes the Senegalese economic growth path after 5 decades of independence by focusing on the potential output, the GDP cycle and the type of shocks on the GDP. Empirical evidence suggests that an inventory cycle mainly drives...
Persistent link: https://www.econbiz.de/10010772257
Small islands developing states constitute a fruitful topic to work on concerning the question of vulnerability and resilience. As debated in the economic literature, these territories present structural characteristics - smallness, remoteness and insularity - that are considered as strong...
Persistent link: https://www.econbiz.de/10010707143
The lack of theoretical consensus on the causality direction between real and financial spheres as well as on the macroeconomic importance of transmission channels drive to an empirical approach of the links between the two areas. The aim of this paper is to offer a method for the analysis of...
Persistent link: https://www.econbiz.de/10010708408
Studies of the economic impact of tourism returns rarely offer a comparison between their potential driving effects and the costs of their accumulation. The aim of this paper is to devise a tourism macroeconomic profitability indicator capable of determining how the tourism sector can present a...
Persistent link: https://www.econbiz.de/10010708596