|
|
|
15-Nov-2011
This paper examines whether the composition of a country’s external liabilities and assets has an incidence on its risk of suffering financial turmoil. Particular emphasis is put on the role of international financial integration, using newly-constructed measures of contagion shocks.
|
|
15-Nov-2011
Mismatches between the supply and the demand of safe financial assets in fast-growing emerging countries have been singled out by economic theory as drivers of international capital flows and, ultimately, global current account imbalances. This paper assesses empirically the contribution of the search for safe assets to the size and composition of emerging countries’ international asset portfolios.
|
|
18-Apr-2011
Estonia is an open economy with a business friendly regulatory environment. Nevertheless it has not fully reaped the benefits of globalisation. Enterprise support should therefore focus more on making firms more productive and overcoming size constraints. Furthermore, an active approach to better market the advantages of Estonia as a location for export-oriented foreign investors appears warranted.
|
|
18-Feb-2011
To get closer to the technology frontier, Slovenia should reform its education system and adopt policies to promote innovation, labour market flexibility, a friendlier environment for foreign direct investment and a stronger governance of enterprises in which the government holds a significant stake.
|
|
|
