Now showing items 31-40 of 121
EU Enlargement and Monetary Regimes from the Insurance Model Perspectives
(2010-06-01)
Some ten years ago, Michael Dooley (Dooley, 1997; Dooley, 2000) put forward an insurance model of currency crises, which after some modifications gives a good theoretical basis for explanation of the overall dynamics of ...
Exchange Rate Pass-Through in Transition Economies: The Case of the Republic of Macedonia
(2011-04-01)
This paper investigates the relative costs and benefits associated with introducing a different exchange rate regime in the Republic of Macedonia. In this finding, all econometrics results, using different methodologies ...
Pegging the future West African single currency in regard to internal/external competitiveness: a counterfactual analysis
(2010-02-01)
This paper compares different nominal anchors in the case of a fixed exchange rate regime for the future single regional currency of the Economic Community of the West African States (ECOWAS). We study the anchor choice ...
The role of monetary policy in the New Keynesian Model: Evidence from Vietnam
(2014-02-01)
This paper reproduces a version of the New Keynesian model developed by Ireland (2004) and then uses the Vietnamese data from January 1995 to December 2012 to estimate the model’s parameters. The empirical results show ...
Methodologies of Analyzing Inter-Regional Income Inequality and Their Applications to Russia
(2010-04-01)
This paper provides an overview of methodologies used to analyze inter-regional income inequality,and a critical survey of empirical studies that deal with Russian regions. It discusses implications of the growth theory ...
The Role of the Business Cycle in Exchange Rate Pass-Through: The Case of Finland
(2014-06-01)
In this paper we investigate whether exchange rate pass-through (ERPT) responds nonlinearly to economic activity along the business cycle. Using quarterly data spanning the period 1975:1 to 2011:1, we explore the existence ...
MODELING INSTITUTIONS, START-UPS AND PRODUCTIVITY DURING TRANSITION
(2010-02-01)
Central and Eastern European and the Baltic countries, which opted for a fast and profound transformation of their institutions including business climates, rapidly narrowed the productivity gap with advanced economies. ...
Bank Efficiency in Transitional Countries: Sensitivity to Stochastic Frontier Design
(2010-09-01)
This article provides an empirical insight on the heterogeneity in the estimates of banking efficiency produced by the stochastic frontier approach. Using data from five countries of Central and Eastern Europe, we study ...
The 90% Public Debt Threshold: The Rise & Fall of a Stylised Fact
(2013-05-01)
This paper analyses the original Reinhart-Rogoff dataset, made public by Herndon et al. (2013), on the basis of descriptive statistics and formal econometric testing.
Firm Investment & Credit Constraints in India, 1997 – 2006: A stochastic frontier approach
(2011-01-01)
We use the stochastic frontier approach to estimate the impact of firm characteristics on investment decisions of Indian firms during the 1997-2006 period. The use of the stochastic frontier approach allows us to define ...