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Author : Nataliya Micheva
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (138 download)
Download or read book Fiscal Policy and Interest Rates in Central and Eastern Europe written by Nataliya Micheva and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Adam Bennett
Publisher : International Monetary Fund
ISBN 13 : 1451848943
Total Pages : 38 pages
Book Rating : 4.4/5 (518 download)
Download or read book Interest Rate Policy in Central and Eastern Europe written by Mr.Adam Bennett and published by International Monetary Fund. This book was released on 1992-09-01 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Interest rate policy in the newly reforming Central and Eastern European countries has generally been geared toward establishing positive real interest rates and defending the exchange rate. The principal instrument for this task has been administrative increases in controlled interest rates. This paper examines the effect of these adjustments on inflation, the real interest rate and the exchange rate. It points out the risk that when financial discipline over enterprises is weak raising nominal interest rates may do little more than raise credit growth, the rate of depreciation and ultimately inflation. Simulations attempt to shed light on the importance of these linkages.
Author : Mr.David K. H. Begg
Publisher : International Monetary Fund
ISBN 13 : 145185305X
Total Pages : 92 pages
Book Rating : 4.4/5 (518 download)
Download or read book Monetary Policy in Central and Eastern Europe written by Mr.David K. H. Begg and published by International Monetary Fund. This book was released on 1996-09-01 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper uses data from transition economies in Central and Eastern Europe to assess four questions: (i) Did the standard blueprint for stabilization work, and was it implemented? (ii) To what extent was normal macroeconomics impeded by solvency problems in banks, and how successful have been policies to improve incentives within banks? (iii) Could financial markets and other infrastructure for monetary policy have been developed more quickly? (iv) How should transition economies respond to the monetary inflows that typically accompany success? The paper concludes by evaluating the changing advice offered by external agencies during the 1990s.
Author : H.M. Scobie
Publisher : Springer Science & Business Media
ISBN 13 : 9401113041
Total Pages : 206 pages
Book Rating : 4.4/5 (11 download)
Download or read book The European Single Market written by H.M. Scobie and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: THE EUROPEAN SINGLE MARKET This volume comprises a collection of papers, some of which were presented at different workshops organized by the European Economics and Financial Centre (London), in conjunction with various European central banks. In addition the book contains, in Chapter 2, the text of a memorial lecture on Trade and Financial Relationships of the US and Europe given by this author in New York. The lecture, known as the Henry George Lecture, was given at St John's University in New York in April 1993. The workshops were part of a series of workshops, the first of which was hosted by the Central Bank of Finland. At these workshops usually some 20 central banks from Europe, the Federal Reserve Board and various other central banks were present. Furthermore the workshops contain papers from international organizations such as the OECD, European Commission, Bank for International Settlement, government ministries, commercial banks, re search institutes and academics from Europe and elsewhere. The two workshops from which some of these papers were drawn were those held at the Central Bank of the Netherlands and the Central Bank of Austria. The workshop held at the Central Bank of the Netherlands (De Nederlandsche Bank), was on Policy Coordination, and took place during 2-4 November, 1992. The one held at the Central Bank of Austria (6stereichische Bank), was on Policy Formulation in Interdependent Market, and took place during 24-26 March 1993.
Author : D.E. Fair
Publisher : Springer Science & Business Media
ISBN 13 : 9401117411
Total Pages : 430 pages
Book Rating : 4.4/5 (11 download)
Download or read book The New Europe: Evolving Economic and Financial Systems in East and West written by D.E. Fair and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: The papers collected in this volume are those presented at the seventeenth Collo quium arranged by the Societe Universitaire Europeenne de Recherches Financieres (SUERF), which took place in Berlin in October 1992. The Society is supported by a large number of central banks and commercial banks, by other fmancial and business institutions and by personal subscriptions from academics and others interested in monetary and fmancial problems. Since its establishment in 1963, it has developed as a forum for the exchange of information, research results and ideas among academics and practitioners in these fields, including central bank officials and civil servants responsible for formulating and applying monetary and financial policies, national and international. A major activity of SUERF is to organise and conduct Colloquia on subjects of topical interest to its members. The titles, places and dates of previous Colloqu~ for which volumes of the collected papers were published are noted on the last page of this volume.
Author : Adam Bennett
Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.:/5 (129 download)
Download or read book Interest Rate Policy in Central and Eastern Europe written by Adam Bennett and published by . This book was released on 2006 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Interest rate policy in the newly reforming Central and Eastern European countries has generally been geared toward establishing positive real interest rates and defending the exchange rate. The principal instrument for this task has been administrative increases in controlled interest rates. This paper examines the effect of these adjustments on inflation, the real interest rate and the exchange rate. It points out the risk that when financial discipline over enterprises is weak raising nominal interest rates may do little more than raise credit growth, the rate of depreciation and ultimately inflation. Simulations attempt to shed light on the importance of these linkages.
Author : D.E. Fair
Publisher : Springer Science & Business Media
ISBN 13 : 9401126283
Total Pages : 437 pages
Book Rating : 4.4/5 (11 download)
Download or read book Fiscal Policy, Taxation and the Financial System in an Increasingly Integrated Europe written by D.E. Fair and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 437 pages. Available in PDF, EPUB and Kindle. Book excerpt: The papers collected in this volume are those presented at the sixteenth Colloquium arranged by the Societe Universitaire Europeenne de Re cherches Financieres (SUERF), which took place in Lisbon in May 1991. The Society is supported by a large number of central banks and commer cial banks, by other financial and business institutions, and by personal subscriptions from academics and others interested in monetary and financial problems. Since its establishment in 1963, it has developed as a forum for the exchange of information, research results and ideas among academics and practitioners in these fields, including central bank officials and civil servants responsible for formulating and applying monetary and financial policies, national and international. A major activity of SUERF is to organise and conduct Colloquia on subjects of topical interest to its members. The titles, places and dates of previous Colloquia for which volumes of the collected papers were published are noted on the last page of this volume. Volumes were not produced for Colloquia held at Tarragona, Spain in October 1970 under the title 'Monetary Policy and New Developments in Banking' and at Strasbourg, France in January 1972 under the title 'Aspects of European Monetary Union'.
Author : Mr.George Kopits
Publisher : International Monetary Fund
ISBN 13 : 1451842570
Total Pages : 42 pages
Book Rating : 4.4/5 (518 download)
Download or read book Implications of EMU for Exchange Rate Policy in Central and Eastern Europe written by Mr.George Kopits and published by International Monetary Fund. This book was released on 1999-01-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: In view of the requirements of Stage 2 of European Monetary Union (EMU) for accession to the European Union, this paper examines the desirability for, and the ability of, the lead candidates in Central and Eastern Europe to participate in the new exchange rate mechanism (ERM2) and eventually in EMU. For most of these countries the benefits are likely to outweigh the cost of participation. After successfully meeting the basic conditions (wage flexibility, prudent fiscal and monetary stance, financial system soundness) for ERM2, each candidate should be able to shadow the euro, with sufficient flexibility around the central rate, prior to formal participation. The paper concludes with a discussion of two policy dilemmas.
Author : Bojana Olgić Draženović
Publisher : Springer Nature
ISBN 13 : 3030998509
Total Pages : 194 pages
Book Rating : 4.0/5 (39 download)
Download or read book Real and Financial Sectors in Post-Pandemic Central and Eastern Europe written by Bojana Olgić Draženović and published by Springer Nature. This book was released on 2022-05-11 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers new insights into the real and financial sectors in the post-pandemic European Union, with a specific focus on the countries of Central and Eastern Europe and a special reference to Croatia. The contributors examine the timeliness, justification, and appropriateness of the measures taken in response to the deteriorating economic conditions and the associated outcomes. They further discuss various aspects of economic, financial, and energy policy. While doing so, they focus on two important issues. The first is an analysis and assessment of the financial development and performance of the real sector. The second is an insight into the institutional dimensions of the COVID-19 pandemic, including the discussion of obstacles and opportunities for recovery in the near future. The topics covered in this book include, but are not limited to, unconventional monetary policy, financial cycles, fiscal incentives, institutional development and institutional quality, the banking system, real estate markets, competitiveness, pension systems, financial regulation, energy markets, environmental, social, and governance (ESG) factors, as well as agricultural policy. Therefore, this volume will appeal to researchers, students, and scholars of finance and economics, as well as policy-makers interested in a better understanding of real and financial sectors, economic policy, and post-pandemic economic development in Central and Eastern Europe.
Author : Morten Balling
Publisher : Routledge
ISBN 13 : 1134292716
Total Pages : 401 pages
Book Rating : 4.1/5 (342 download)
Download or read book Financial Markets in Central and Eastern Europe written by Morten Balling and published by Routledge. This book was released on 2004-08-02 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book charts the process of financial market reform in Central and Eastern Europe. Topics discussed will include the implications of future EU membership, and the strategies pursued by the World Bank and International Monetary Fund.
Author : Frank Bönker
Publisher : Edward Elgar Publishing
ISBN 13 : 9781781958261
Total Pages : 236 pages
Book Rating : 4.9/5 (582 download)
Download or read book The Political Economy of Fiscal Reform in Central-Eastern Europe written by Frank Bönker and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Frank Bönker has done a masterful job. . . This is probably the best book available on this important subject. and its significance is not limited to studies of postcommunist societies. It has important theoretical implications for everyone interested in the Political Economy of Policy Reform perspective within the field of comparative political economy.' - John L. Campbell, Slavic Review
Author : Ms.Ratna Sahay
Publisher : International Monetary Fund
ISBN 13 : 1451847742
Total Pages : 48 pages
Book Rating : 4.4/5 (518 download)
Download or read book Capital Flows in Central and Eastern Europe written by Ms.Ratna Sahay and published by International Monetary Fund. This book was released on 1995-06-01 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the nature and composition of capital flows in selected countries in Central and Eastern Europe during 1987–93. The data show that there was a remarkable turnaround in the capital account in 1992–93. This improvement was accompanied by widening current account deficits, an increase in real consumption, and real exchange rate appreciation. In light of these developments, the paper discusses the main macroeconomic concerns raised by capital inflows and lays out the principal policy options relevant for the transition economies.
Author : Kanhaya Gupta
Publisher : Routledge
ISBN 13 : 1134706618
Total Pages : 285 pages
Book Rating : 4.1/5 (347 download)
Download or read book Financial Reforms in Eastern Europe written by Kanhaya Gupta and published by Routledge. This book was released on 2006-08-21 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a model which simulates the effects of financial reforms in transitional economies, which is then applied to Poland for a variety of policy simulations. The authors develop models for households, commerical banks and firms, expanding their enquiry into the government sector, the central banking sector, the external sector and finally the supply side. These sub-sector models explicitly incorporate institutional features specific to the Polish economy. The estimated model is used to simulate the effects of a wide array of financial policies introduced in Poland, and these results are then used to assess the effectiveness of the policies analyzed. This timely and authoritative study sheds new light on how a country's overall economic system responds when it pursues a 'big-bang' approach to marketization.
Author : Mr.Emidio Cocozza
Publisher : International Monetary Fund
ISBN 13 : 146392786X
Total Pages : 70 pages
Book Rating : 4.4/5 (639 download)
Download or read book The Impact of the Global Crisison South-Eastern Europe written by Mr.Emidio Cocozza and published by International Monetary Fund. This book was released on 2011-12-01 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the impact of the global crisis on six South-Eastern European countries. The main objective is to compare macro-financial conditions and policies in the run-up to the crisis as well as to compare the policy responses to it, so as to highlight, inter alia, possible country-specific constraints. While sharing a common pre-crisis pattern of strong capital inflows and robust growth, a key difference in the conduct of macroeconomicpolicies is that some countries adopted expansionary (and procyclical) fiscal policies. These moves exacerbated external vulnerabilities and compromised the ability to discretionarily use the fiscal instrument in acountercyclical fashion.
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451844239
Total Pages : 33 pages
Book Rating : 4.4/5 (518 download)
Download or read book Coordination of Monetary and Fiscal Policies written by International Monetary Fund and published by International Monetary Fund. This book was released on 1998-03-01 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recently, monetary authorities have increasingly focused on implementing policies to ensure price stability and strengthen central bank independence. Simultaneously, in the fiscal area, market development has allowed public debt managers to focus more on cost minimization. This “divorce” of monetary and debt management functions in no way lessens the need for effective coordination of monetary and fiscal policy if overall economic performance is to be optimized and maintained in the long term. This paper analyzes these issues based on a review of the relevant literature and of country experiences from an institutional and operational perspective.
Author : Gary McMahon
Publisher : Springer
ISBN 13 : 1349243701
Total Pages : 278 pages
Book Rating : 4.3/5 (492 download)
Download or read book Lessons in Economic Policy for Eastern Europe from Latin America written by Gary McMahon and published by Springer. This book was released on 2016-07-27 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the 1980s a large number of Latin American countries undertook stabilization and structural adjustment programmes similar, though smaller in magnitude, to the ones that Eastern Europe is now undergoing. In this book, economists from four different Eastern European countries analyze the relevance of the Latin American experience for their own countries in the areas of fiscal policy, privatization, monetary policy, and the external sector. The book also contains two chapters with the perspective of Latin Americans as well as a synthesis of the entire volume.
Author : David G. Dickinson
Publisher : Edward Elgar Publishing
ISBN 13 : 1781009996
Total Pages : 490 pages
Book Rating : 4.7/5 (81 download)
Download or read book Financial and Monetary Integration in the New Europe written by David G. Dickinson and published by Edward Elgar Publishing. This book was released on 2002-02-26 with total page 490 pages. Available in PDF, EPUB and Kindle. Book excerpt: Potential new entrants to the European Union from Central and Eastern European countries face many challenges to achieve financial convergence with the existing EU nations. Using detailed case studies from Bulgaria, the Czech Republic, Latvia, Lithuania and Poland and analysis of cross country data from these regions, Financial and Monetary Integration in the New Europe looks at the key issues for applicant countries as they negotiate the terms of their membership in the European Union. Of major concern to these countries is the financial sector and its implications for economic growth and the conduct of macroeconomic policy. The book examines, in particular, monetary and exchange rate policies, banking regulation and financial market efficiency. The overall impact of building a market driven financial system on economic development is also explored.
