In the paper we provide some empirical evidence of the development of private debt to GDP ratio in the sample of 18 EU Member States. We use detailed national accounts published regularly by the OECD-financial assets and liabilities by institutional sectors (flow of funds). The ratio of private...

Applying aggregate demand/aggregate supply analysis and based on a quarterly sample during 2000.Q4–2015.Q4, this paper finds that Croatia’s aggregate output is positively associated with government debt as percent of GDP during 2000.Q4–2008.Q4, real appreciation of the kuna, the real stock...

Purpose – This paper investigates the twin deficit hypothesis for Ghana in view of the persistent co-movement between the budget deficit (BD) and current account deficit (CAD) over the past three decades. Design/methodology/approach – The paper uses annual data for the period 1980-2014 and...

The choice of exchange rate regime can have a significant impact on the development of the national economy, which affects the main economic indicators. Traditionally, researchers consider the effects of certain types of exchange rate regimes on economic indicators such as gross domestic...