Showing 1 - 10 of 17
This article analyses the 1989-2005 economic growth in the transitional economies in Europe and Central Asia, and signals factors that help to explain the differences in outcome. An econometric analysis finds prominent indices of property rights, corruption, economic freedom, tax incidence and...
Persistent link: https://www.econbiz.de/10005817052
Mexico was between 3.7 and 4.3 per cent. The economic cycles experienced in Mexico are characterized, and its recessions and … expansions are dated. During 1980-2007 economic recessions and expansions lasted on average 7.0 and 13.3 quarters, respectively …; that means recessions in Mexico are 121.1 per cent longer than in the US, while expansions are 46.8 per cent shorter. As a …
Persistent link: https://www.econbiz.de/10008515145
Persistent link: https://www.econbiz.de/10012134730
The international financial system (IFS) has undergone a series of financial crises over the past decade. This paper analyzes the shortcomings of said system (that have contributed to the crises) and, with them in mind, reviews and evaluates the IFS refor
Persistent link: https://www.econbiz.de/10005510016
Since the mid-1970s, the banking industry has been changing rapidly, but our analysis of its regulation has been lagging. Leaving aside the sterile discussion about the intrinsic instability of the industry, today its regulation aims at preventing systemi
Persistent link: https://www.econbiz.de/10005510046
The paper presents a model of political loss to analyze the interrelationship between the political nature of economic decisions and their influence on the probability of financial crisis. Two different definitions of crises, currency and balance of payments, are used to verify the explanatory...
Persistent link: https://www.econbiz.de/10005227707
Central banks act as lenders of last resort to commercial banks and other financial institutions. However, there is much controversy about whether or not they should perform this function. This article analyses, in the first place, the principal aspects o
Persistent link: https://www.econbiz.de/10005212228
Persistent link: https://www.econbiz.de/10014430563
Persistent link: https://www.econbiz.de/10011520992
Persistent link: https://www.econbiz.de/10011509105