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Inflation distortion of the external accounts
Emerald - Tập 22 Số 1 - Trang 58-65 - 1995
TonyMakin
Examines the effect of domestic inflation on recorded measures of the current account of the balance of payments. When domestic inflation is relatively high, it distorts conventionally measured current account deficits. This is because part of the recorded servicing payments on external liabilities are actually capital repayments and hence should be shown on the capital account. Presents estimates... hiện toàn bộ
A new hypothesis on the demand for money: the “accounting” motive and banks' costs[1]
Emerald - - 2004
Presents a paper written by Lauchlin Currie in November 1992 in which he identifies and defends the concepts of money and the demand for it. The paper argues that the heavy cost of maintaining checking accounts is not reasonably explained by the conventional listing of motivations, especially in the case of large deposits. A new hypothesis is given on the demand for money. The paper concludes that... hiện toàn bộ
The evolution and goals of lending to developing countries by the Bank for International Settlements
Emerald - Tập 22 Số 6 - Trang 69-80 - 1995
Kristin K.Howell
Examines the evolution of the role of the Bank for International Settlements (BIS), created in 1930 to promote co‐operation between central banks, into the arena of the Third World debt problem. The bank has extended loans to developing countries, such as Mexico, Argentina, Nigeria and Brazil since 1982. It arranges these extremely short‐term credits as “bridge loans”, while longer term, condition... hiện toàn bộ
Monetary regimes and inflation in 12 Caribbean economies
Emerald - - 2006
DerickBoyd, RonSmith
The role of structural change in labour productivity convergence among European Union countries: 1970‐1990
Emerald - Tập 26 Số 2 - Trang 106-122 - 1999
EleanorDoyle, EoinO’Leary
New evidence is presented on the degree of aggregate and sectoral labour productivity convergence among 11 EU countries between 1970 and 1990. As with studies for other groups of countries, it is found that there is a greater degree of aggregate than sectoral convergence. Aggregate productivity converged at 0.9 percent per annum, with agriculture and manufacturing both diverging and only services ... hiện toàn bộ
Force fields, hysteresis and economic equilibria
Emerald - Tập 24 Số 4 - Trang 257-266 - 1997
RodCross
Looks at the relevance to economic systems of force field equilibrium metaphors. Points out that the force field view of physical reality developed in nineteenth century physics does not necessarily involve homeostasis and reversible time paths. Illustrates the properties of force fields with hysteresis, providing a counter example. Discusses precedents for viewing economic systems as having equil... hiện toàn bộ
Public investment in basic education and economic growth
Emerald - - 2008
VladimirKuhl Teles, JoaquimAndrade
Tax evasion and financial repression: a reconsideration using endogenous growth models
Emerald - Tập 36 Số 6 - Trang 660-674 - 2009
RanganGupta, EmmanuelZiramba
PurposeThis paper aims at developing a theoretical model of a world economy characterized by tax evasion. It seeks to analyze whether financial repression can be explained by tax evasion.Design/methodology/approachThe analysis is performed in overlapping generations dynamic general equilibrium endogenous monetary growth models.FindingsThe paper shows that higher degree of tax evasion within a coun... hiện toàn bộ
Banking on experiments?
Emerald - Tập 42 Số 6 - Trang 943-971 - 2015
Martin Dufwenberg
Purpose– How can laboratory experiments help us understand banking crises, including the usefulness of various policy responses? After giving a concise introduction to the field of experimental economics more generally, the author attempts to provide answers. The paper aims to discuss this issue.Design/methodology/approach– The author discusses methodology and surveys relevant work.Findings– Histo... hiện toàn bộ
Unit Root in the Wage‐Price Spiral Is Not Hysteresis in Unemployment
Emerald - Tập 20 Số 1/2 - 1993
BrunoAmable, JérômeHenry, FrédéricLordon, RichardTopol
Hysteresis is one of the main concepts used in Layard, Nickell and Jackman′s book, Unemployment: Macroeconomic Performance and the Labour Market. Attempts to clarify the concept of hysteresis, from its formal representation to its empirical applications. Emphasizes the idea that hysteresis refers back to a given set of formal properties, independently of the phenomenologies within which it is liab... hiện toàn bộ
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