whether and to what extent the degree of open macro policy convergence affects the probability of a crisis and find that a … crisis. We also compare the development of trilemma policies around the crisis period for the groups of Latin American crisis … countries in the 1980s and the Asian crisis countries in the 1990s. We find that Latin American crisis countries tended to close …

The financial and economic crisis brings to a reconsideration of macroeconomics: as it happened in the past, after the … subsequent oil crisis. A brief critical survey of mainstream macroeconomics (the neoclassical synthesis and its variants, and its …

The financial and economic crisis brings to a reconsideration of macroeconomics: as it happened in the past, after the … subsequent oil crisis. A brief critical survey of mainstream macroeconomics (the neoclassical synthesis and its variants, and its …

The global financial crisis, which arose on Wall Street in mid-2008 undermined the standards applicable in the global … investment funds, pension funds, etc., which was the first result of the crisis and redefined the standards previously helping … the companies to achieve market goals. It is also the case with production units, banks, etc. The crisis led to …

crisis outbreak, one of the main issues for indebted countries has been whether to pursue a policy which promotes saving or … concluded that in a crisis environment, consumption policy should be given priority; however, a precondition for this is that a … country was not overburdened prior to the crisis outbreak, i.e. a successful crisis management policy should, in fact, be …

This paper focuses on macroeconomic interdependencies between the Euro area and three transition economies (Estonia …, Lithuania and Latvia), with the aim of establishing whether the latter are ready to adopt the Euro. The theoretical framework is … exchange rate vis-à-vis the Euro of each Baltic country, reflecting a degree of real convergence consistent with Optimum …