The Price of Inconvertible Deposits: The Stock Market Boom during the Argentine crisis", [PDF]
The Argentine crisis witnessed, among other things, a deposit run, the suspension of deposit convertibility, and a “boom” in the stock market. We argue that this boom reflects the cost that depositors were willing to incur to get their money out of the ...
Eduardo Levy Yeyati +2 more
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Reverse currency substitution process and exchange rate volatility: the Turkish case [PDF]
, 2009 Teorik ve ampirik literatür, para ikamesinin döviz kurundaki oynaklığı ve bu oynaklığın da para talebini anlamlı düzeyde etkilediğini göstermektedir. Bu çalışmanın amacı, son dönemde, tersine dönmeye başlayan para ikamesinin döviz kuru oynaklığına ve bu ...
Darıcı, Burak +2 more
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Lines of monetary transmission optimization under conditions of transition economy [PDF]
An essential condition of the effectiveness of price-stability-based monetary regime is availability of an efficient mechanism for transmission of monetary policy impulses to the real sector of economy.
Lepushynskyy, Volodymyr
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Dedollarization and market efficiency: A trade arbitrage perspective in the BRICS and WAEMU nations
Abstract This paper appraises the dedollarization and market efficiency of BRICS and WAEMU nations with due reference to the trade arbitrage perspective. Using daily policy rates, spot rates and forward rates from January 2015 to March 2023, the study uses a trio approach: Hurst exponent analysis vis-à-vis sentimental analysis, FRUH analysis ...
Joseph Paul Chunga, YU Ping
openaire +1 more source
Cambodia's Persistent Dollarization: Causes and Policy Options [PDF]
Cambodia's economic and social achievements over the past ten years have been the most impressive in its history. Nevertheless, Cambodia today is still as dollarized, if not more so, than it was ten years ago.
Menon, Jayant
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Crises in Emerging Market Economies: A Global Perspective [PDF]
The paper argues that global financial factors played an important role in the capital-inflow episode in Emerging Market economies (EMs), during the early part of the 1990s, and clearly in the Sudden Stop (of capital inflows) crises that took place after
Guillermo Calvo
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Проблеми і перспективи розвитку фінансової системи України [PDF]
, 2016 Фінансова система України за останні 15 років зазнала суттєвих змін, але багато хто з них не отримали відповідного відображення в законодавстві. Україна потребує чіткої правової та адміністративної основи управління податково-бюджетною сферою.
Korzhova, V.E.
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Market Discipline in Emerging Economies: Beyond Bank Fundamentals [PDF]
This paper studies how institutional factors and systemic risks (driven by macroeconomic conditions) prevalent in emerging economies may impact market discipline among banks (traditionally understood as market responses to bank fundamentals).
Eduardo Levy Yeyati +2 more
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Macroeconomic Impact of the Financial Crisis on Armenia [PDF]
As a small, open economy with a small export sector, Armenia has experienced a large amount of stress from the financial crisis. The government exited a peg-like exchange rate regime after a drain of foreign reserves. The loss of reserves was put to loss
King Banaian
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The Bolivian Hyperinflation and Stabilization [PDF]
Chapter 1 gives a brief introduction to the Bolivian economy. Chapter 2 provides an overview of the political economy of macroeconomic policymaking in Bolivia since the 1952 Revolution.
Jeffrey Sachs
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