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Articles ( Showing 1-20 of 8 items)
Searched for: [ Keywords: "Monetary Unions" ] clear all
Journal Article
Central bank policy formulation under COVID-19 in Ghana: A fit-for-purpose?
by Johnson Worlanyo Ahiadorme  and  Deodat E. Adenutsi
Abstract
This paper evaluates the fit-for-purpose of the monetary policy measures implemented by the Bank of Ghana in response to the COVID-19 pandemic. We examine the effectiveness of the BoG’s policy interventions in the context of vector autoregressions augmented with macroeconomic and financial indicators. We demonstrate that the BoG’s monetary policy measures have had n [...] Read more

Journal Article
Inflation: Thruway of ECB’s Monetary Policy
by Christian Seidl
Abstract
Part of the present inflation is caused by the breakdown of globalization, in particular supply chains, part is caused by the Corona Pandemic, in particular lockdowns, part is caused by the Ukrainian War, part is caused by European sanctions, and part – and not the smallest one – is caused by the European Central Bank’s printing money by hook or by crook in th [...] Read more

Journal Article
Dynamics of deposit dollarization in Turkey
by A. Yasemin Yalta  and  A. Talha Yalta
Abstract
Deposit dollarization in Turkey has been on the rise, reaching record levels in 2022. This was caused by the worsening macroeconomic fundamentals along with the transition to the presidential system in 2018 and the associated deviation from the monetary policy stance afterward. The unique case of Turkey presents an excellent natural experiment to explore the dynamics of deposit [...] Read more

Journal Article
How to stop economic growth
by F. L. Van Holthoon
Abstract
The answer to how to stop economic growth must be political rather than economic. Economic growth made by men has an impetus which can only be stopped by a deliberate choice. It takes national and international decisions to stop it. In order to organize a moratorium on economic growth (which eventually must lead to a stop on growth) I suggest to create blocks of nations in the [...] Read more

Journal Article
Dilemma for fiscal policies: supporting economic activity, or ensuring public debt sustainability?
by Séverine Menguy
Abstract
We study analytically the conflict of goals between stabilizing economic activity and public debt sustainability, for the fiscal authorities. In the short run, an active and expansionary fiscal policy, increasing public investment or reducing the labor taxation rate, is growth enhancing. However, as these short term fiscal policies also decrease government revenue and increase [...] Read more

Journal Article
Are Banks Too Many? A Theoretical Possibility and a Policy Issue
by Gerasimos T. Soldatos  and  Erotokritos Varelas
Abstract
Motivated by the Blackorby-Schworm (1993) observation that market outcomes may differ from those originating in market-actor optimization, this paper claims that the number of banks in the market is larger than the number justified by bank profit maximization alone or in combination with bank depositor welfare maximization. This claim is made within the context of bilateral mon [...] Read more

Journal Article
Monetised sustainability impacts of integrated planning in the manufactured construction products industry: A transport perspective from New Zealand
by Kamal Dhawan , John E. Tookey , Ali GhaffarianHoseini  and  Mani Poshdar
Abstract
The extensive, interdisciplinary nature of construction supply chains make them prone to inefficiencies at organisational interfaces. Inefficiencies are accentuated by the project-centric delivery paradigm, and complex logistics systems between multiple stakeholders. They manifest as a multitude of concurrent activities, processes, and systems both on and off-site. Transportati [...] Read more

Journal Article
Fundamental character of the risk premium to influence the sustainability of the public debt
by Séverine Menguy
Abstract
Traditionally, conditions of sustainability of the public debt have long been related quite exclusively to fiscal policy and to budgetary parameters. However, the interaction between fiscal and monetary policies regarding the fixation of the interest rate is fundamental. Indeed, a simple analytical modelling shows that if the nominal interest rate increases exponentially with t [...] Read more