Daten des ifo Kreditklimas, das zweimal jährlich im Rahmen des ifo Konjunkturtests erstellt wird, zeigen, dass deutsche KMUs in Gebieten nahe der österreichischen Grenze über einen besseren Zugang zu Krediten verfügen als andere Unternehmen. Ohne grenzüberschreitende Kredite wäre die Nähe...

We review the literature on business cycle correlation between the euro area and the Central and Eastern European countries (CEECs), a topic that has gained attention as the newest EU members approach monetary union. Our meta-analysis of 35 identified publications suggests some CEECs already...

We analyze the transmission of global financial crisis to business cycles in China and India. The pattern of business cycles in emerging Asian economies generally displays a low degree of synchronization with the OECD countries, which is consistent with the decoupling hypothesis. By contrast,...

We investigate the likely sources of exchange rate dynamics in selected CIS countries (Russia, Kazakhstan, Ukraine, Kyrgyzstan, Azerbaijan, and Moldova) over the past decade (1999-2008). The analysis is based on country VAR models augmented by a regional common factor structure (FAVAR model)....