This monograph presents a formal proof of the notion by which a country devoid of tradable assets and without access to foreign borrowing and lending must systematically pay for its imports in foreign currency through its exports alone, provided a demand for them to begin with. It likewise sets...

Background: SAFTA aims to encourage and create a joint agreement among the countries, which includes medium and long term agreements. SAFTA increased the local economic incorporation by advertising the favoured trade between SAARC countries. The association of Afghan with SAARC member countries...

Background: SAFTA aims to encourage and create a joint agreement among the countries, which includes medium and long term agreements. SAFTA increased the local economic incorporation by advertising the favoured trade between SAARC countries. The association of Afghan with SAARC member countries...

This paper investigates the effect of zero and negative interest rate policy of Japan on the inflation rate and the role of exchange rate in conducting the zero and negative interest rate policy. The disappointing economic performance thus seems primarily due to a series of adverse economic...

This paper investigates the effect of zero and negative interest rate policy of Japan on the inflation rate and the role of exchange rate in conducting the zero and negative interest rate policy. The disappointing economic performance thus seems primarily due to a series of adverse economic...

The Central African Economic and Monetary Community (CEMAC) is a constituent of the Franc Zone (FZ), whose roots may be traced back to 1901 when France created the West African Bank. Since its inception, FZ's monetary authorities' objective and monetary policy instruments have been evolving....

The following contributions are hereby worked: one mathematically formalises Mundell’s Impossible trio and Rodrik’s Globalisation paradox, supplying the latter with a taxonomy in terms of the current account; by means of Kaldor’s price endogeneity in output, one proves that external real...

The Turkish Lira is in the midst of a currency crisis, there's no other way to phrase it. USD/TRY rates have surged almost 42 percent and EUR/TRY rates have risen over 37 percent since the Central Bank of the Republic of Turkey (CBRT) made a surprise 100-bps rate decrease at the end of...

The following contributions are hereby worked: one mathematically formalises Mundell’s Impossible trio and Rodrik’s Globalisation paradox, supplying the latter with a taxonomy in terms of the current account; by means of Kaldor’s price endogeneity in output, one proves that external real...