This paper shall give an overview of the implications to the sectoral balances stemming from the implementation of the Fiscal Compact in the Euro area in 2013. Since there is noew a more or less strict limit to deficit spending - absent from cyclical factors - some other sector has to make up...

In recent years the Lao PDR's financial sector developed fast in terms of financial depth, intermediation and distribution. A developed financial sector is the basis for dynamic economic growth. Yet, unsustainable financial liberalization and growth poses risks to financial sector stability. The...

The East Asian monetary integration process is at the crossroads. Given very benign liquidity conditions in the US, the prevailing common US dollar peg has contributed to growing macroeconomic and financial instability in the region. This has sparked demands to embark on an independent monetary...

Historisch niedrige Inflationsraten und Warnungen vor Deflation gehen in den großen Industrieländern mit Exzessen auf den Finanzmärkten einher. Um Wachstum und Inflation wiederzubeleben, werden im Zuge der quantitativen Lockerung die Zentralbankbilanzen aufgeblasen, ohne dass es zum einem...

Historisch niedrige Inflationsraten und Warnungen vor Deflation gehen in den großen Industrieländern mit Exzessen auf den Finanzmärkten einher. Um Wachstum und Inflation wiederzubeleben, werden im Zuge der quantitativen Lockerung die Zentralbankbilanzen aufgeblasen, ohne dass es zum einem...

In recent years the Lao PDR's financial sector developed fast in terms of financial depth, intermediation and distribution. A developed financial sector is the basis for dynamic economic growth. Yet, unsustainable financial liberalization and growth poses risks to financial sector stability. The...

The East Asian monetary integration process is at the crossroads. Given very benign liquidity conditions in the US, the prevailing common US dollar peg has contributed to growing macroeconomic and financial instability in the region. This has sparked demands to embark on an independent monetary...

This paper shall give an overview of the implications to the sectoral balances stemming from the implementation of the Fiscal Compact in the Euro area in 2013. Since there is noew a more or less strict limit to deficit spending - absent from cyclical factors - some other sector has to make up...

TARGET2-Salden wurden in der deutschen Wissenschaft und Öffentlichkeit seit 2011 als wirtschaftspolitisches Problemfeld thematisiert. Der Ausgleich von Überweisungssalden innerhalb des Federal Reserve Systems der USA wurde auf der einen Seite für eine leicht einzuführende Regel zur...