Comparative Economic Studies articles from September 2008

Comparative Economic Studies archives from September 2008

Reforming China's SOEs: an overview.(state-owned industrial enterprises )(Report)
September 1, 2008... INTRODUCTION Since China began its long march from the ultra-left socialism of the Mao years toward more market-embracing policies in 1979, its economy has logged the longest sustained period of rapid economic growth in history, by World...

Information sharing in credit markets: incentives for incorrect information reporting.(Symposium Paper)(Report)
September 1, 2008... INTRODUCTION Information about borrowers represents an asset of a certain value in the market for bank loans. A bank's client who enjoys the advantages of bank loan over time and who repays fully and regularly, getting new loans on more...

Inflation targeting in emerging economies: prerequisites, policies and outcomes.(Introduction to the Symposium)(Report)
September 1, 2008... The creation and maturation of financial institutions in transition and emerging economies has been of central importance in their economic development over the last decade. Because policies are institution dependent, fiscal and monetary policy...

Inflation targeting in Armenia: monetary policy in transition.(Symposium Paper)(Report)
September 1, 2008... INTRODUCTION As the economic structure and institutions of transition economies of Eastern Europe and the former Soviet Union have evolved so have their economic policies. Initially all had fiscal and monetary institutions ill-suited for a...

Advancing inflation targeting in Central Europe: strategies, policy rules and empirical evidence.(Symposium Paper)(Report)
September 1, 2008... INTRODUCTION There are three distinct stages in the institutional evolution of monetary policies in Central and East European Countries (CEECs) as the major objectives of monetary policy itself evolved. At the early stage, reflecting...

Inflation targeting, policy rates and exchange rate volatility: evidence from Turkey.(Symposium Paper)(Report)
September 1, 2008... INTRODUCTION Facing a sudden reversal of capital inflows, Turkey had to exit from its 13-month-old exchange rate peg and adopt a floating exchange rate regime in February 2001. The after effects were devastating, as the nominal exchange...

Credibility of inflation targets in Poland.(Symposium Paper)(Report)
September 1, 2008... INTRODUCTION One of the principal elements of inflation targeting is a public announcement of numerical targets in order to reduce policy uncertainty and guide expectations. The stronger the impact of policy announcements on expectations,...

From rhetorics to practice in monetary policy: a Romanian perspective.(Symposium Paper)(Report)
September 1, 2008... INTRODUCTION In its monetary policy standing, the National Bank of Romania (NBR) shares the commitment to long-term price stability common to all central banks throughout the world. However, the Romanian transition to a market economy...