The Ukrainian government should seek a new support program with the International Monetary Fund (IMF) of up to USD10bn, with a duration of up to four years, the National Bank of Ukraine (NBU) believes.
For over half a century economists talk about the imminent decline in the importance of the USD. However, there are currently no indications that this could become true anytime soon.
A series of severe financial crises over the past decade has undermined the confidence of the Belarusian population in their domestic currency. The level of FX savings there is even higher than in Ukraine.
Low fertility and increasing life expectancy in most of the world's economies are causing a decline in the natural interest rate. Too restrictive monetary policy may increase the risk of the economy falling into a deflationary...
“If we were to only take into account the wishes of selected members of the Eurozone, we could act faster, but that is impossible,” says Ewald Nowotny, the Governor of the Austria’s central bank, OeNB.
Changes in short-term interest rates have a significant impact on the economy, but the size of this impact is curbed by a relatively small role of credit as a source of financing for Polish enterprises.
Most countries of Western Europe used various types of austerity programs aimed at reducing the budget deficit in order to get out of economic trouble. Professor Alberto Alesina, an economist from Harvard University, examined...
The state or a company: who should mint and print money? Can private enterprise print and administer monetary systems, as they used to do ages ago?
Fiscal policy in Bosnia and Herzegovina (BiH) is poorly coordinated with monetary policy, which doesn’t help the successful functioning of country's economy.
In May 2018, the European Central Bank published a report stating that Bulgaria is not ready for the accession to the Eurozone, although the country fulfils the formal criteria. Bulgarians think the accession process is not fast...