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Instability of the Eurozone? On monetary policy, house prices and labor market reforms

Belke, Ansgar; Gros, Daniel - 2007

This paper deals with potential instabilities in the Eurozone stemming from an insufficient interplay between monetary policy and reform effort on the one hand and the emergence of intra-Euro area divergences on the other. As a first step, we assess the effect of EMU on structural reform and...

Persistent link: https://www.econbiz.de/10010269233

Market instability and economic complexity: Theoretical lessons from transition experiments

Chen, Ping - 2007

The 'Washington consensus' and 'shock therapy' approach to transition economies ignored the Keynesian lessons from the Great Depression: that market instability is a possibility and there may be an active role of government in managing stability and growth. The severe output decline in East...

Persistent link: https://www.econbiz.de/10011470778

Lateinamerika nach der verlorenen Dekade: Eine Zwischenbilanz der Reformen

Nunnenkamp, Peter - 1998

In Lateinamerika hat sich auf breiter Front eine wirtschaftspolitische Umkehr vollzogen. Immer mehr Länder haben … giobale Arbeitsteilung eingebunden. Lateinamerika profitierte von einem Boom ausländischer Direktinvestitionen. Weiten Teilen …. Kurzfristige Risiken ergeben sich für Lateinamerika daraus, daß ausländische Investoren durch die asiatische Finanzkrise generell …

Persistent link: https://www.econbiz.de/10010295058

Paradigmenwechsel in Lateinamerika

Preuße, Heinz Gert - 1996

Die meisten Staaten Lateinamerikas und darüber hinaus viele Entwicklungsländer weltweit haben in den letzten 10 Jahren substantielle Reformen ihrer Volkswirtschaften vorgenommen. Ziel dieser Reformen ist es, den überkommenen Weg der staatlich gelenkten wirtschaftlichen Entwicklung hinter...

Persistent link: https://www.econbiz.de/10010435482

Foreign direct investment and structural reforms: evidence from Eastern Europe and Latin America

Campos, Nauro F.; Kinoshita, Yuko - 2008

This paper investigates the role of structural reforms - privatization, financial reform and trade liberalization as determinants of FDI inflows based on newly constructed dataset on structural reforms for 19 Latin American and 25 Eastern European countries between 1989 and 2004. Our main...

Persistent link: https://www.econbiz.de/10010268588

The Neoliberal Myth in Latin America: The Cases of Mexico and Argentina in the 90s

Ronchi, Veronica - 2007

During the '90s most Latin American countries were submitted to neoliberal structural reform policies. Neoliberal policies imposed market supremacy, reduced the State's role in the economy and deregulated the markets. This paper aims at describing how these policies affected the most important...

Persistent link: https://www.econbiz.de/10010312607

Adjustment of global imbalances: Illustrative scenarios for Hungary

Hornok, Cecília; Jakab, Zoltán M.; Tóth, Máté Barnabás - 2007

In this study we examine the impact on Hungary of a possible correction of global imbalances. We distinguished four different channels of the global adjustment process, which are widely referred to in the literature (fiscal tightening in the U.S.; housing price correction in the US; an increase...

Persistent link: https://www.econbiz.de/10010322406

Adjustment Policies in Small Open Economies

Worrell, DeLisle - 1986

Persistent link: https://www.econbiz.de/10011652485

Regional payment systems: A comparative perspective on Europe and the developing world

Fritz, Barbara; Biancareli, André; Mühlich, Laurissa - 2012

The current global financial non-system is marked by instability. In the absence of global solutions, a series of regional arrangements of monetary cooperation have been emerging to cope with such instability. The paper focuses on regional payment systems as an initial step of regional monetary...

Persistent link: https://www.econbiz.de/10010308746

Capital inflows, crisis and recovery in small open economies

Raza, Hamid; Kinsella, Stephen - 2016

Persistent link: https://www.econbiz.de/10014306506