This paper analyzes a small open economy model under a monetary regime that targets the consumer price index. It is explained why such a regime is vulnerable to speculative currency attacks. There are two differences to the exchange rate targeting case: (i) The attack takes place over a short period of time as opposed to instantaneously. (ii) Reserve losses attributable to the attack are smalle...

informal payments to health care providers have been reported in many african, asian and european countries. this study aimed to investigate different aspects of these payments that are also known as under-the-table payments in iran.this is an in-depth interview-based qualitative study conducted on 12 purposively chosen clinical specialists. the interviewees answered 9 questions including the o...

This paper examines the short and long run relationships between trade balance, real exchange rates, income and money supply in the case of Malaysia. The inclusion of income and money variables in the study is purposely to examine the monetary and absorption approaches to the balance of payments beside the conventional approach of elasticity, using exchange rates. Using the bound testing approa...

AIM To assess the distribution of out-of-pocket payments for health care in Croatia by income groups. METHODS The study is based on data from 1994 out-of-pocket health expenditure survey carried out through interviews of randomly selected adults in two major cities of Croatia, Zagreb and Split. We analyzed co-payments for public health care services and other payments related to private pract...

background : inequality in households’ payments on food and health expenditures presents the accessibility and utili-zation patterns between them. this study investigated the iranian rural and urban households’ inequality in payments on food and out-of-pocket health expenditures from 1998 to 2012. methods : this descriptive study was conducted through the analysis of iranian statistics centre d...

A major credit shock can induce large intra-day variation margin payments between counterparties in derivatives markets, which may force some participants to default on their payments. These payment shortfalls become amplified as they cascade through the network of exposures. Using detailed DTCC data we model the full network of exposures, the shock-induced payments, the initial margin collecte...

This paper compares the experience of growth performance and macroeconomic adjustment between East Asia and Latin America over the period from 1970 to 2000. We find that the difference in growth performance between two regions are largely attributed to the differences in fundamental growth factors such as investment rate, human resources, fertility, institutional quality, macroeconomic stabilit...