Stock market is accumulating to the liquidity of the financial sector by providing a substitute for risk or alternative through diversifying the risk of investor. When the stock market is internationally compete, only if risk is more diversify and its equip the saving, source of information...

The global financial crisis (2008-09) led to a sharp contraction in both Euro Area (EA) and US real activity, and was followed by a long-lasting slump. However, the post-crisis adjustment in the EA and the US shows striking differences—in particular, the EA slump has been markedly more...

Many developing countries are characterized by a large informal sector, and are also often heavily dependent on remittance inflows from abroad. We develop a general equilibrium framework to understand better the dynamic absorption of remittances in a two-sector small open economy, by...

Spanish Abstract: Este documento presenta un análisis del comportamiento de la economía colombiana durante la última década y media, pero enmarcado en una perspectiva de largo plazo desde los años 90, cuando la dirigencia colombiana decidió darle un giro al patrón de acumulación, desde...

The report reviews recent economic developments in Western Balkans (Albania, Bosnia and Herzegovina, Kosovo, FYR Macedonia, Montenegro, and Serbia), focusing on fiscal, external, financial sector, and labor market issues -- with a spotlight on youth unemployment -- and a short-term outlook for...

In this article, we analyze the factors and circumstances behind the slowdown of Russia's economic growth. The recovery phase that followed the 2008-9 crisis has ended. The raw materials export model of production has reached its limit for rapid growth. The reduced flow of monetary and financial...

The article analyzes current economic conditions in Russia and the mechanism by which the world financial and economic crisis was transmitted to the Russian economy. It discusses changes in the banking system and the stock and housing markets. Production, consumption, and investment at the end...

Financial markets have experienced unprecedented transformations, signs of which have emerged since the late 1970s. In recent years substantial consolidation occurred. In response to changes in macroeconomic variables, such as GDP, industrial production, inflation and the political business...

This paper provides an overview of Chinese financial and trade integration in recent decades, and the challenges facing China in the coming years. China had been a prime example of export-led growth, benefiting from learning by doing, and by adopting foreign know-how, supported by a complex...