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Viitteet 21-30 / 545
Reforms and confidence
(20.01.2005)
BOFIT Discussion Papers 1/2005
BOFIT Discussion Papers 1/2005
We examine the choice of economic reforms when policymakers have present-biased preferences and can choose to discard information (maintain confidence) to mitigate distortions from excess discounting.The decisions of ...
On the use of sterilisation bonds in emerging Asia
(18.01.2013)
BOFIT Discussion Papers 1/2013
BOFIT Discussion Papers 1/2013
We document recent developments in the use of sterilisation bonds by six central banks in emerging Asia, and discuss the implications for monetary policy and the financial sector. An important development in the sterilisation ...
Substituting a substitute currency : The case of Estonia
(25.04.2001)
BOFIT Discussion Papers 11/2001
BOFIT Discussion Papers 11/2001
This study evaluates substitution of foreign currency balances in Estonia, a transition economy neighbouring countries participating in EMU.The focus is on substitution between dollar and euro balances in the three basic ...
On the speed of economic reform : tale of the tortoise and the hare
(15.08.2005)
BOFIT Discussion Papers 11/2005
BOFIT Discussion Papers 11/2005
We analyse how the choice of reform speed and economic growth affect one another.We estimate a system of three equations where economic growth, economic reform and FDI are jointly determined. New reforms affect economic ...
Impact of exchange rate move-ments on exports : An analysis of Indian non-financial sector firms
(27.05.2013)
BOFIT Discussion Papers 10/2013
BOFIT Discussion Papers 10/2013
We explore the real effective exchange rate (REER) effects on the share of exports of Indian non-financial sector firms for the period 2000 to 2010. Our empirical analysis reveals that, on average, there has been a strong ...
Bilateral equilibrium exchange rates of EU accession countries against the euro
(10.11.2003)
BOFIT Discussion Papers 11/2003
BOFIT Discussion Papers 11/2003
We apply BEER and PEER approaches to calculate real equilibrium exchange rates for five EU accession countries in central and east Europe.Bilateral nominal equilibrium exchange rates against the euro are obtained through ...
Monetary policy rules for Russia
(30.08.2004)
BOFIT Discussion Papers 11/2004
BOFIT Discussion Papers 11/2004
The paper reviews the recent conduct of monetary policy and the central bank s rule-based behavior in Russia.Using different policy rules, we test whether the central bank in Russia reacts to changes in inflation, output ...
Regulatory bottlenecks, transaction costs and corruption : a cross-country investigation
(18.06.2008)
BOFIT Discussion Papers 10/2008
BOFIT Discussion Papers 10/2008
This paper uses recent data on a large cross-section of countries to study the determinants of corrupt activity. The main contribution is to examine the effects of different types and severities of government regulations ...
State-business relations in Russia in the 2000s: From the capture model to a variety of exchange models?
(16.06.2011)
BOFIT Discussion Papers 10/2011
BOFIT Discussion Papers 10/2011
Using data from a 2009 survey of 957 manufacturing enterprises, this paper examines relations between the state and business as well as priority differences in the distribution of governmental support by federal, regional ...
Assessing equilibrium exchange rates in CEE acceding countries : can we have DEER with BEER without FEER? : A critical survey of the literature
(02.02.2004)
BOFIT Discussion Papers 1/2004
BOFIT Discussion Papers 1/2004
The ambition of this paper is to provide a thorough overview of equilibrium exchange rates in the acceding countries of Central and Eastern Europe.Therefore, theoretical models of equilibrium exchange rates are reviewed ...