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Research Update Q2/2016 (PDF, 507 kB)

… Clemens Jobst (OeNB), Hans Kernbauer (WU Wien): Die Bank. Das Geld. Der Staat. April 22, 2016 Dimitrios Tsomocos (University of Oxford): Debt, Recovery Rates and the Greek Dilemma April 1, 2016 …

Ernst Baltensperger – Central Bank Independence in Times of Tranquility and Stress (PDF, 1,7 MB)

… bank independence can never be absolute, but makes sense only un- der a mandate set out clearly by law or constitution and within a reliable framework of accountability and re- sponsibility towards society …

The Monetary Integration of CESEE EU Member States: Achievements and Prospects (PDF, 202 kB)

… current crisis and its aftereffects. Bringing public finances in or- der is a very hard and thorny task, given the abrupt reversal of many years of con- page The Monetary Integration of CESEE EU …

Measures to Improve the Efficiency of the Operational Framework for Monetary Policy (PDF, 158 kB)

… start of the reserve mainte- nance period is at least as long as un- der the previous system. For instance, a credit institution�s reserve require- ment for a maintenance period start- ing in April would …

International macroeconomic environment: global financial stability risks are rising amid weaker world economy (PDF, 411 kB)

… enabling further talks. In Kiev, new coalition arrangements were un- der discussion following political shake- ups that inter alia manifested them- selves in the resignation of the Minister of Economy. In …

From Stormy Expansion to Riding Out the Storm: Banking Development in Kazakhstan (PDF, 211 kB)

… purchases of existing local banks) for the extension of cross-bor- der loans. 3.3 Uncertainty Triggered by Weak Institutional Environment Given Kazakhstan’s traditional reputa- tion of having the …

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