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Capital Markets and Financial Intermediation in The Baltics
  • Language: en
  • Pages: 48

Capital Markets and Financial Intermediation in The Baltics

In just over a decade after independence, the three Baltic countries, Estonia, Latvia, and Lithuania, have transformed themselves into fully functioning, small open-market economies that will be joining the European Union. Capital Markets and Financial Intermediation in The Baltics analyzes the financial systems of the three countries and discusses some of their unique characteristics. The study also examines current distortions of the systems and discusses whether or not the Baltics should move from an almost exclusively bank-based system to one that relies more on capital markets. In the process, it addresses issues of corporate governance and regional integration.

Employees of Diplomatic Missions
  • Language: en
  • Pages: 352

Employees of Diplomatic Missions

  • Type: Book
  • -
  • Published: 1990
  • -
  • Publisher: Unknown

None

Ward's North of England Directory
  • Language: en
  • Pages: 768

Ward's North of England Directory

  • Type: Book
  • -
  • Published: 1855
  • -
  • Publisher: Unknown

None

Social Register, Summer
  • Language: en
  • Pages: 308

Social Register, Summer

  • Type: Book
  • -
  • Published: 1895
  • -
  • Publisher: Unknown

None

Tequesta
  • Language: en
  • Pages: 320

Tequesta

  • Type: Book
  • -
  • Published: 1994
  • -
  • Publisher: Unknown

None

Annual Report
  • Language: en
  • Pages: 16

Annual Report

  • Type: Book
  • -
  • Published: 2005
  • -
  • Publisher: Unknown

None

Department of State Publication
  • Language: en
  • Pages: 96

Department of State Publication

  • Type: Book
  • -
  • Published: 1983
  • -
  • Publisher: Unknown

None

Education Directory
  • Language: en
  • Pages: 612

Education Directory

  • Type: Book
  • -
  • Published: Unknown
  • -
  • Publisher: Unknown

None

Shock Versus Gradualism in Models of Rational Expectations
  • Language: en
  • Pages: 21

Shock Versus Gradualism in Models of Rational Expectations

This paper provides a new argument for “shock” versus “gradualism” in the implementation of trade policies. In the simple context of a small open economy with rational expectations, we consider the comparative welfare effects of eliminating an import tariff either immediately as an unanticipated shock, or gradually over a preannounced length of time. The gradualist policy introduces a distortion in consumption-accumulation decisions and generates welfare costs. And if the gradual change is extended over “too long” a period, these costs may exceed the long-run benefits of liberalization.

Annual Report
  • Language: en
  • Pages: 22

Annual Report

  • Type: Book
  • -
  • Published: 2001
  • -
  • Publisher: Unknown

None