We review some aspects of financial dollarization in Russia, applying the main relevant theories to analyse the dynamics of several dollarization indicators. An econometric model of the short-run dynamics of deposit and loan dollarization is estimated for the last decade. We find that ruble...

Purpose – The purpose of this paper is to report on qualitative research conducted to evaluate the sustainability of learning derived from a novel leadership development process which involves a short period of retreat. The findings aim to provide evidence of the impact of an “inside...

We present a model that incorporates the information contained in diverse variables when estimating sustainable output growth. For this purpose, we specify a state-space model representing a multivariate HP filter that links cyclical fluctuation in GDP with several indicators of macroeconomic...

Purpose This paper aims to discuss the money creation mechanisms in emerging markets with special focus on external transactions and outlines the implications for monetary policy and financial stability issues. Design/methodology/approach To make the argument, the authors analyze a historical...

Purpose: This study aims to examine a potential case of interdependence in loan and deposit interest rate setting. Design/methodology/approach: The authors set up a theoretical microsimulation model with endogenous loan interest rate determination via a learning algorithm. Findings: The authors...

We apply recently developed early warning indicator systems to a cross-section of emerging markets. We find that, with little or no modification, models designed to predict asset price booms/busts in advanced countries may be useful for emerging markets. The concept of monitoring a set of asset...