Search results for "Economic policy"
showing 10 items of 150 documents
Fighting the COVID-19 Crisis: Debt Monétisation and EU Recovery Bonds
2020
AbstractThis paper highlights some peculiar characteristics of the economic crisis induced by the spread of COVID-19. It suggests two intertwined policy measures in order to tackle the emergency phase of the crisis and to support the economy in the subsequent recovery phase. The proposed short-term policy measures offer policy responses in the event of a second wave of coronavirus infections in the coming months. In the aftermath of the emergency phase, the current proposal puts forward the implementation of a massive EU-wide recovery plan addressing the long-lasting technological and environmental challenges of these years, which will be financed by European institutions through the issuan…
Interest Rates and Net Interest Margins: The Impact of Monetary Policy
2017
In this chapter, we examine the determinants of bank net interest margin, focusing on the effect of interest rates, and thus monetary policy decisions. The analysis is carried with a panel of banks from 32 OECD countries over the period 2003–2014. The results show a quadratic relationship between net interest margins and interest rates, implying that the variation of the latter has a greater effect when interest rates are low. An important policy implication of the results is that there is a trade-off between economic growth and financial stability associated with the impact of expansionary monetary policy when the level of interest rates is very low. As a result, if the current scenario of…
The Real Effect of Financial Crises in the European Transition Economies
2010
Working Paper GATE 2009-20; International audience; The aim of this work is to assess the impact of financial crises on output for 11 European transition economies (CEECs). The results suggest that financial crises have a significant and permanent effect, lowering long-term output by about 17 percent. The effect is more important in smaller countries, with relative higher dependence on external financing, and in which the banking sector noticed more important financial disequilibria. We also found that fiscal policy measures have been the most efficient tools in dealing with the crises, while the role of monetary policy instruments has been rather blinded. Exchange rate resulted to be more …
La intervención de la Junta de Comercio de Valencia en la política arrocera de la monarquía en la segunda mitad del siglo XVIII: los informes emitido…
2005
El análisis de los informes emitidos por la Junta de Comercio de Valencia en la segunda mitad del siglo XVIII revela la influencia que tuvo la institución en la conformación de la política arrocera de la monarquía. Al igual que ésta, su posición evolucionó desde la hostilidad hacia el cultivo del arroz en la etapa inicial de su intervención hasta la defensa de sus ventajas en la década de 1790. Los argumentos esgrimidos en ambos sentidos permiten identificar los intereses económicos que condicionaron sus planteamientos. Igualmente, el análisis del marco socioeconómico en el que se insertaba la institución contribuye a explicar las razones de la evolución experimentada. The analysis of the r…
Taxation in Romania – Some Positive Aspects
2013
Abstract The field of taxation is often a subject of analysis, due to its importance for the formation and administration of public financial resources. By taking into account the local, national and international size of taxation, may be thus identified strengths, weaknesses, opportunities and threats. Although the taxation in Romania is often criticized both by taxpayers and by specialists, there is a progress in taxation field as a result of actions taken in forming and managing fiscal revenues. Without claiming an exhaustive approach, through this article we mention some positive aspects of Romanian taxation. We believe that these should be consolidated and continued.
CHANGING SCHOOL AFTER THE GLOBAL RECESSION : THE CASE OF LATVIA
2015
Latvia demonstrates common trends with the majority of the countries affected by the recession, as well as some peculiarities in overcoming the impact of the global economic and financial recession on education mainly due to an unbelievable austerity. Education in this country has suffered greatly, and its damage is adequate to the 67% of the budget cuts between 2008 and 2011 (IZM, 2011). The article deals with the school improvement after the recession, recent implementation of innovations to cover the damages and catch up with the ideas of the Next Generation learning, to supply schools with the appropriate curricula and meeting the learners needs for their individual development and abil…
European Union commitment towards RES market penetration: From the first legislative acts to the publication of the recent guidelines on State aid 20…
2015
Abstract During the last three decades, the European Union (EU) commitment towards the Renewable Energy Sources (RES) market penetration has been very complex, involving several aspects pertaining to the economic and political action of Member States. This paper seeks to overview the historical development of the legislative EU framework, including a description of the main financial programmes established and managed by the EU Directorates General. Moreover, the work will proceed with the picture of some Investment Funds, ad hoc created for RES undertakings, and managed by the European Investment Bank (EIB) in collaboration with the EU or other foreign Bank Institutes. The delicate matter …
Agricultural Insurances and Food Security. The New Climate Change Challenges
2015
Abstract Food security is one of the highest problems that the governments have to face in the third millennium. The complexity of this problem justifies the performance of researches, in view of finding viable solutions, not only in agriculture, but in other branches of activity too. Among them, the field of insurances is to be noted by its struggles to adapt to the new challenges. This paper tries to clarify the way in which insurances may become a key factor for the food security and addresses the following issues: food security factors; factors impacting on the development of agricultural insurances, risks connected to the agricultural activities and the way in which the insurance prote…
FINANCIAL DEVELOPMENT OPPORTUNITIES OF LATVIA’S SOCIAL SYSTEM AGAINST THE BACKDROP OF CRISIS
2010
Latvian social system is ahead of serious financial problems. The article analyses causes and beginnings of the crisis, in the context of the 1st budget level of social systems in relation to the national budget, as well as the negative impact of the state budget on the social security budget for the financial future. The government also discussed the measures taken by the social system of financial regulation and their impact on society's social environment. Recommendations have been developed for improvement of the situation.
Challenges of nation-branding for stimulation of Latvian exports
2017
Abstract The presented research aims to contribute to the conceptualisation of the nation-brand of Latvia with the purpose of stimulation of national export performance. The subject of the research is three aspects presumably challenging the branding of Latvia with reference to national export development. The investigated challenges are the barriers and opportunities for green-branding of Latvia; the absence of the generally accepted indication of the geographical identity of the Baltic region; and the contradictable popular image of Latvia as a cheap country. The research poses two research questions inquiring into the issues of nation-branding of Latvia currently being faced in the conte…