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After a decade of high growth, the Russian econoomy is experiencing a slowdown in the wake of the global financial crisis. While Russia's strong short-term macroeconomic fundamentals make it better than many emerging economies to deal with the crisis, its underlying structural weaknesses and...
Persistent link: https://www.econbiz.de/10015214999
The concept of political and economic integration has not progressed beyond the concept of a Nation-state. The primary reason is the trust deficit among citizens in a supra-national entity. We can use Blockchain systems-which are trustless networks-to resolve this issue. We can float a Regional...
Persistent link: https://www.econbiz.de/10015258351
Central banks can play an important role in facilitating and promoting regional economic and monetary integration. Examples are the European monetary union and a more recent initiative by a group of Asian central banks to boost liquidity in local bond markets in Asia through the “Asian Bond...
Persistent link: https://www.econbiz.de/10015237325
Historically, money is gold and silver, supplied by the market on profit criterion. Everywhere, government inconvertible paper money arose from bankruptcy. A government with balanced budgets would never need it. Imposed by force, inconvertible paper is a taxation mean, highly inflationary, and...
Persistent link: https://www.econbiz.de/10015259933
Earlier, the Muslim scholars stated that money is a social convention. For instance, Ibn Taymiyyah (1263-1328) indicated that the gold standard money constitutes a pricing system or a rationale money. Ibn Khaldun (1377) urged a stable monetary policy by using Shariah currency which is related to...
Persistent link: https://www.econbiz.de/10015262838
Historically, money is gold and silver, supplied by the market on profit criterion. Everywhere, government inconvertible paper money arose from bankruptcy. A government with balanced budgets would never need it. Imposed by force, inconvertible paper is a taxation mean, highly inflationary, and...
Persistent link: https://www.econbiz.de/10015264101
Historically, money is gold and silver, supplied by the market on profit criterion. Everywhere, government inconvertible paper money arose from bankruptcy. A government with balanced budgets would never need it. Imposed by force, inconvertible paper is a taxation mean, highly inflationary, and...
Persistent link: https://www.econbiz.de/10015264830
We model a typical Asian-crisis-economy using dynamic general equilibrium tech-niques. Exchange rates obtain from nontrivial fiat-currencies demands. Sudden stops/bank-panics are possible, and key for evaluating the merits of alternative ex-change rate regimes. Strategic complementarities...
Persistent link: https://www.econbiz.de/10015217851
Integration into the European Monetary Union (EMU) and adoption of Euro became a specific objective for Eastern … proposed set of indicators and it is estimated Balassa-Samuelson Effect on non-Euro countries. …
Persistent link: https://www.econbiz.de/10015227278
Integration into the European Monetary Union (EMU) and adoption of Euro became a specific objective for Eastern … proposed set of indicators and it is estimated Balassa-Samuelson Effect on non-Euro countries. …
Persistent link: https://www.econbiz.de/10015233007