The financial system plays a fundamental role in the global economy as the middleman between agents who need to borrow and agents who are willing to lend or invest. As a consequence, it is naturally linked to all economic sectors and, therefore, if the financial system does not work properly, its problems have a strong impact on the real economy. We can see this in the deteriorating fundamental...

india is much more integrated with the world economy. both current and capital accounts are complementing to each other. the economic slowdown that appears to have begun in the usa in september, 2008 has some negative impact on indian economy. the most immediate and adverse effect of this global financial crisis on india is an out flow of foreign institutional investment (fii) from the capital ...

One of the striking features of the business cycles is the patterns of co-movement of output, inflation, interest rates, and real equity prices across countries. This paper empirically examines the effects of domestic and foreign monetary policies on Iranchr('39')s macroeconomic variables (including real production, inflation, short-term interest rate, and real exchange rate) using quarterly da...

We use mixed-complementarity-problem programming to implement tariff rate quotas (TRQs) in the global computable general equilibrium (CGE) LINKAGE model. We apply the approach to TRQs in sugar markets in OECD (Organization for Economic Cooperation and Development) countries. We calibrate the model on 2000 policy levels for OECD countries to reflect the full implementation of their World Trade O...

the caspian sea region, because of the proximity of two permanent powers - russia and iran- and the emergence of newly independent republics, is one of the most dynamic places in the world. in addition, the continuity of interests of other global actors, including the united states and europe, with the coastal countries has added to the complexity and dynamics. in this regard, the region energy...

Chronic hepatitis C virus (HCV) infection, associated with severe liver disease and cancer, affects 70 million people worldwide. New treatments with direct-acting-antivirals offer cure for about 95% of affected individuals; however, treatment costs may be prohibitive in both the poorest and richest nations. Opting for cure may require sacrificing essential household ass...