Since growth and employment are the economic variables dominating the public debate in an era of low inflation, it is no surprise that, that the euro has become a matter of increasing political controversy despite inconclusive evidence on its overall impact.

The COVID-19 pandemic has triggered an unprecedented economic crisis. This article analyses the impact of mandatory social distancing imposed by lockdown policies and voluntary social distancing triggered by COVID-19 fatality rates on GDP growth in the first three quarters of 2020 for a sample...

Im vergangenen Jahrzehnt gingen beträchtliche Kapitalströme aus den entwickeltenVolkswirtschaften mit einem starken Kreditwachstum in den Ländern des westlichen Balkans,der Türkei und den GUS einher. Dennoch konnten fast alle Länder der Region – ungeachtetihrer unterschiedlichen...

Weltweit haben in den letzten WochenRegierungen und Notenbanken ihreBemühungen zur Stabilisierung derFinanzmärkte verstärkt. Parallel zumaktuellen Krisenmanagement hält dieDiskussion um die Ursachen der Krise an.Ein Schwerpunkt ist dabei die Frage,ob eine zu laxe Finanzsektorpolitikoder eine...

Financial globalisation has been associated with divergent current account patterns inemerging market economies. While countries in emerging Asia have been runningsizeable current account surpluses, countries in emerging Europe have been facing largecurrent account deficits. In this paper we...

Financial globalisation has been associated with divergent current account patterns in emerging market economies. While countries in emerging Asia have been running sizeable current account surpluses, countries in emerging Europe have been facing large current account deficits. In this paper we...