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EU enlargement rounds have always been driven by political will of the parties concerned and administered through a comprehensive legal-bureaucratic procedure. There is strong political determination to carry on the accession process involving Western Balkan countries as well as Ukraine, Georgia...
Persistent link: https://www.econbiz.de/10015376836
This paper used the Johansen Cointegration test and system Generalised Method of Moments (sysGMM) to examine the dynamic relations between external debt and economic growth in 43 African countries over the period 2001-2018. The study used data from World Development Indicators (WDI) as published...
Persistent link: https://www.econbiz.de/10012297244
In den ersten beiden Jahrzehnten nach dem Fall des Eisernen Vorhangs Anfang der 1990er Jahre spielte der Internationale Währungsfonds (IWF) für die operative Wirtschaftspolitik, aber auch für die Gestaltung von Institutionen in Schwellen- und Entwicklungsländern eine wichtige Rolle. Dies lag...
Persistent link: https://www.econbiz.de/10015395729
This paper studies from an empirical and theoretical perspective the systemic and bank-level effects of imposing reserve requirements (RR) in foreign currency in an economy with a heavily dollarized financial system. The paper empirically characterizes banks responses to the RR carried out by...
Persistent link: https://www.econbiz.de/10012587526
During the first decade of the 21st century, household FX loans spread in numerous countries in Central and Eastern Europe, where they caused serious macroeconomic and social problems with the spillover of the global financial crisis. Disregarding countries that joined the euro area, Hungary was...
Persistent link: https://www.econbiz.de/10012301687
Mit altgedienten Sprachbildern sollte man sparsam umgehen. Und doch: Die von Jerome Powell, dem Chef der Federal Reserve (Fed), unlängst vorgeschlagene zukünftige Zielzone für Inflationsraten, möglicherweise verbunden mit einer Anhebung der durchschnittlichen, von der Fed angestrebten...
Persistent link: https://www.econbiz.de/10012439483
The paper examines the factors of global inflation acceleration in 2021-2022. We consider primarily the developed economies, where rates of inflation over the last two years have exceeded multi-year highs and have significantly exceeded target levels. We find that the cause of accelerating...
Persistent link: https://www.econbiz.de/10015394329
Objective: This study investigates the effects of monetary policy interventions in Central and Eastern European (CEE) economies on shifts in financial market linkages during the Covid-19-induced crisis. We explore the market reaction to both standard and non-standard (e.g., quantitative easing)...
Persistent link: https://www.econbiz.de/10014289068
This study examines the impacts of unconventional monetary policy on the exchange rate, stock market, and bond market during the COVID-19 economic crisis in an emerging economy. It focuses particularly on the asset purchase program conducted by the Central Bank of India. The Central Bank...
Persistent link: https://www.econbiz.de/10013198715
The COVID-19 pandemic massively interrupted economic activity all over the world. Governments responded by running huge fiscal deficits (financed via central banks) to support firms and consumers, thereby injecting purchasing power into the private sector on a large scale. With no corresponding...
Persistent link: https://www.econbiz.de/10013345728