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Financial barriers to structural change in developing economies: A theoretical framework

Yajima, Giuliano Toshiro; Nalin, Lorenzo - 2022

Liabilities denominated in foreign currency have established a permanent role on emerging market firms' balance sheets, which implies that changes in both global liquidity conditions and in the value of the currency may have a long-lasting effect for them. In order to consider the financial...

Persistent link: https://www.econbiz.de/10014322568

De jure versus de facto: Exchange rate stabilization in Central and Eastern Europe

Schnabl, Gunther - 2003

The IMF classifications of the Central and Eastern European exchange rate arrangements are heterogeneous. While one group of countries reports tight pegs to the euro, a second group seems to have moved toward (more) exchange rate flexibility. Based on the recent discussion about the accuracy of...

Persistent link: https://www.econbiz.de/10010305084

Monetary Policy after the Crisis

Belka, Marek; Thomsen, Jens; Abildgren, Kim; Catte, Pietro - 2011

On 4 March 2011, SUERF – The European Money and Finance Forum and the National Bank of Poland jointly organised a conference on the theme of: "Monetary Policy after the Crisis". Following a call for papers with a large number of submissions, the scientific committee selected 9 papers, which...

Persistent link: https://www.econbiz.de/10011689949

The Origins of Foreign Exchange Policy: The National Bank of Belgium and the Quest for Monetary Independence in the 1850s

Ugolini, Stefano - 2010

Can the central bank of a small open economy be mandated with the maintenance of both fixed exchange rates and monetary independence, and still succeed in the long term? Looking at a pioneering experiment put in place by the National Bank of Belgium, this article shows how foreign exchange...

Persistent link: https://www.econbiz.de/10012143756

Finnish monetary and foreign exchange policy and the changeover to the euro

Korhonen, Tapio - 2001

This paper presents the salient aspects of Finland's monetary and exchange rate policies during the run-up to monetary union in the 1990s.In the course of slightly more than a decade, Finland's monetary and exchange rate policies were thoroughly revamped.The remnants of heavy regulation were...

Persistent link: https://www.econbiz.de/10012147834

Ethiopia's high growth and its challenges: Causes and prospects

Priewe, Jan - 2016

The paper analyses the enigmatic high growth in Ethiopia from 2004 to 2015 (10.9% p.a.) and gauges the prospects for the future. In 2000, Ethiopia was the poorest country on the globe in per capita GDP - a mere 124 USD in current prices. The main finding is that the take-off was driven by...

Persistent link: https://www.econbiz.de/10011488626

The high cost of the strong peso and its temporary nature: The case of Mexico

Huerta González, Arturo - 2025

The article analyzes why exchange rate stability has been prioritized in Mexico and why the national currency has appreciated; which policies and factors have made this possible, the costs and consequences of the strong peso, and its sustainability and temporality are also examined. Mexico's...

Persistent link: https://www.econbiz.de/10015394110

International Sanctions and Internal Conflict: The Case of Iran

Farzanegan, Mohammad Reza; Gutmann, Jerg - 2024

This study investigates the case of Iran to evaluate how changes in the intensity of international sanctions affect … terrorism risk. In contrast, the risk of civil war declines after an increase in sanction intensity. These findings for Iran …

Persistent link: https://www.econbiz.de/10015211266

Perspectives of Armenian: Iranian economic relations within Belt and Road Initiative

Grigoryan, Karen; Arpanahi, Ali - 2022

Armenia-Iran North South Transport corridor is vital for Iran and Armenia and also for all parties involved. Recently … mind that Armenia is also the only country in the EAEU that has a land border with Iran. Taking into account Iran's desire …, Iran, Armenia, Georgia and Russia. This route is 30% cheaper and 40% shorter than the current traditional route. A country …

Persistent link: https://www.econbiz.de/10013414461

Turkish and Iranian involvement in Iraq and Syria: Competing strategies, rising threat perceptions, and potentials for conflict

Azizi, Hamidreza; Çevik, Salim - 2022

cooperation. However, in Iraq and Syria, rising tensions between Turkey and Turkey-affiliated groups on the one hand and Iran and … Iran-backed groups on the other, have put the two countries on a collision course. Conflictual relations between Turkey and … Iran have the potential to destabilise the Middle East and the South Caucasus, spawning additional security risks as well …

Persistent link: https://www.econbiz.de/10013462628