The macroeconomic stability is an important factor in social relations that can occur within the domestic borders. Economic transformations Ukraine and further development of market-based volatile business environment require continuous monitoring dimensions economic mechanism at country regional level. article’s objective to present results analysis public budget revenues their impact Ukraine....

Macroeconomic stability is an objective emerging economy desired to achieve but oil price shocks and fluctuations in nominal exchange rates tend restrain the ability of these economies such macroeconomic balance. Regrettably, are prone have structural breaks defined periods. We therefore, implemented a bivariate diagonal BEKK model, Zivot-Andrews Bai-Perron breakpoint tests evaluate effect pres...

In this chapter we examine the role of the CFO in setting risk management strategy with respect to macroeconomic risk, in particular, and we consider the information requirements for setting a strategy that is consistent with corporate objectives. We argue that macroeconomic risk management requires a broad approach encompassing financial, operational and strategic considerations. Furthermore, ...

A baseline integration of commercial banks into the disequilibrium framework with behavioral traders of Charpe et al. (2011, 2012) is presented. At the core of the analysis is the impact the banking sector exerts on the interaction of real and financial markets. Potentially destabilizing feedback channels in the presence of imperfect macroeconomic portfolio adjustment and heterogeneous expectat...

A temporary-equilibrium model replicating institutional features of low-income agricultural economies is developed. In this model, food is held as an asset; because food production is relatively volatile, those with negative temporary income are net buyers of food. When food is the only asset, asset effects are likely to reduce the price-elasticity of the demand for food and can make it tatonne...

In the aftermath of the nancial crisis, the role of monetary policy and macro-prudential regulation in promoting nancial stability is under discussion. The old debate concerning whether monetary policy should respond to credit and asset price bubbles was revived, whereas macro-prudential regulation is being assessed as an alternative macroeconomic tool to deal with nancial imbalances. The paper...

This paper explores the institutional factors behind the crisis of capital accumulation in South Africa in the 1970s and 1980s. Because of its focus on institutional stability, the paper contributes to the literature on the existence of an apartheid social structure of accumulation in which economic and political institutions are important determinants of investment. Investment function estimat...

Increasing amounts of bilateral and multilateral aid are being used to respond to macroeconomic shocks, political instability and natural disasters. This paper sets out a conceptual framework for considering the consequences of this trend. There are three levels of analysis: provision; coverage; and assessment of impact. In developing this framework, the paper argues that differences in their m...

We examine the role of macroeconomic fluctuations, asset market liquidity, and network structure in determining contagion and aggregate losses in a stylised financial system. Systemic instability is explored in a financial network comprising three distinct, but interconnected, sets of agents — domestic banks, overseas banks, and firms. Calibrating the model to advanced country banking sector da...

This paper provides a conceptual basis for the price discovery potential for tradable market instruments and specifically the development of mortgage securitization in Asia and the potential dangers of such markets. Nonetheless we argue for the potential importance of securitization in Asia because of its possible role in increasing transparency of the financial sector of Asian economies. We pu...