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Persistent link: https://www.econbiz.de/10007651798
This study deals with the issue of independent monetary policy and the stability of the domestic money demand function in the presence of currency substitution and capital mobility in five Asian economies. It is argued that money demand will be less stable and more difficult to control in the...
Persistent link: https://www.econbiz.de/10009484468
Only a successful implementation of an overall reform program will enable Russian banks to provide financial intermediation and assist in the country's development from a nascent market economy to a mature financial system. The chances for reform are better now than at any time during the last...
Persistent link: https://www.econbiz.de/10012738951
The paper examines the impact of terms of trade shocks on private savings in the transition economies after accounting for the effect of other determinants. Economic agents in the transition economies are subject to tight credit constraints which are more pronounced during bad state of nature....
Persistent link: https://www.econbiz.de/10012739769
Persistent link: https://www.econbiz.de/10005326163
Persistent link: https://www.econbiz.de/10007435756
Persistent link: https://www.econbiz.de/10008060093
This study deals with the issue of independent monetary policy and the stability of the domestic money demand function in the presence of currency substitution and capital mobility in five Asian economies. It is argued that money demand will be less stable and more difficult to control in the...
Persistent link: https://www.econbiz.de/10005485072
Using panel data for 57 countries over the period of 1995–2012, this paper investigates the impact of intellectual property rights (IPR) processes on productivity growth. The IPR processes are decomposed into three stages — innovation process, commercialization process, and protection...
Persistent link: https://www.econbiz.de/10011011354
This study explores how international trade and investment flows affect each other, using data from OECD and 6 ASEAN countries , and examines whether trade and investment linkages are different between developed and developing economies, or between countries that participate actively in...
Persistent link: https://www.econbiz.de/10005176787