We examine the properties of simple quantity-based monetary policy rules of the kind widely used in low-income African economies. Using a DSGE model and focusing our attention on responses to positive aid shocks, we suggest that policy rules involving substantial reserve accumulation in the face...

В статье анализируется опыт привлечения иностранных инвестиций в электротехническую промышленность Советской России в рамках договоров технической помощи,...

Financial globalization has increased dramatically over the past three decades, particularly for advanced economies, while emerging market and developing countries experienced more moderate increases. Divergences across countries stem from different capital control regimes, and factors such as...

More than any activity, in the banking field the phenomenon of globalization is starting to feel its presence stronger and stronger. Today, the Romanian banking system is dominated by the foreign currency that facilitated the access to external financing, led to the increase of efficiency in...