Haku
Viitteet 11-20 / 202
Are the Central and Eastern European transition countries still vulnerable to a financial crisis? Results from the signals approach
(05.05.2002)
BOFIT Discussion Papers 5/2002
BOFIT Discussion Papers 5/2002
The aim of paper is to analyse the vulnerability of the Central and Eastern European accession countries to the EU as well as that of Turkey and Russia to a financial crisis. Our methodology is an extension of the signals ...
Bank supervision Russian style : rules versus enforcement and tacit objectives
(14.08.2005)
BOFIT Discussion Papers 10/2005
BOFIT Discussion Papers 10/2005
We focus on the con.ict between two central bank objectives individual bank stability and systemic stability.We study the licensing policy of the Central Bank of Russia (CBR) during 1999.2002.Banks in poorly banked regions, ...
Has the Chinese economy become more sensitive to interest rates? : Studying credit demand in China
(03.04.2008)
BOFIT Discussion Papers 1/2008
BOFIT Discussion Papers 1/2008
Chinese authorities have traditionally relied mainly on administrative and quantitative measures in conducting monetary policy, with interest rates playing a less prominent role. Additional support for this view resides ...
A model of Russia's "virtual economy"
(19.07.2000)
BOFIT Discussion Papers 10/2000
BOFIT Discussion Papers 10/2000
The Russian Economy has evolved into a hybrid form, a partially monetized quasi-market system that has been called the virtual economy.In the virtual economy, barter and non-monetary transactions play a key role in ...
Foreign direct investment and China's bilateral intra-industry trade with Japan and the US
(16.01.2007)
BOFIT Discussion Papers 1/2007
BOFIT Discussion Papers 1/2007
This paper analyzes dynamic changes of China's intra-industry trade with its major trading partners, Japan and the US, from 1980 to 2004.It also investigates to what extent foreign direct investment promoted intra-industry ...
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 ...
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 ...
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 ...