website: www.CESifo-group.org/wp T T CESifo Working Paper No. 3663 The Greek Crisis: Causes and Consequences Abstract Greece has reached a point where, under any plausible macroeconomic scenario, public debt will continue growing faster than GDP. Fiscal consolidation alone cannot close the solvency gap. A substantial reduction in the stock of debt is needed. Even post-debt restructuring, there is no guarantee that the government will succeed in its dual goal of restoring fiscal solvency and
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Valuation and Assessment for the PepsiCo Part1. Macro economic factors and Industry Analysis In recent year, PepsiCo was in the extraordinary complicated economic environment. Economic environment can have a significant impact on PepsiCo. The economic factors such as Gross Domestic Product (GDP), interest rates, high inflation rate and commodity price may affect the PepsiCo current and future performance in large extend. First, the increase of GDP affects the sales of PepsiCo. Pepsi is the world second
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period. e. Economic profits are reduced to zero in the long run. Marginal product exceeds average product when— a. Total product is increasing. b. Average product is increasing. c. Average product is decreasing. d. a and b. e. a and c. A frequently cited reason for increasing returns to scale is— a. Increased input prices. b. Greater specialization. c. External diseconomies. d. Larger fixed costs with a larger plant size. e. Difficulty of managing a huge enterprise. 2. 3. C5, Economic Environment
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account turns an NPA and the bank writes off the account the loss on that account is referred to as LGD. For calculation of LGD default is a must.LGD is a component of the Internal Rating Based approach given by Basel Norms 2 which allows the banks to calculate the credit risk capital requirements. IRB mainly has four components: probability of default (PD), Exposure at default (EAD), Maturity (M) and Loss Given Default (LGD). Researchers have deeply studied on the concept of LGD because NPA is great
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Economic Policy Paper on Political Stability and Economic Development: The Case of Bangladesh 1. Introduction Among the non-economic variables considered as sine qua non for development, political stability comes first. One may argue that other non-economic factors like rule of law, law and order situation are subsumed under political stability. On the other hand, major determinants of development like savings and investment, relative price stability, human resources, level of technology, factor
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they have good institutions. Keywords: World economic growth, resource curse, institutions * Senior Lecturer at the University of Botswana, Department of Economics, Private Bag 0022 Gaborone, Botswana. E-mail: thokweng@mopipi.ub.bw, Telephone: (+267) 3552151, Fax: (+267)3972936. 1 1. Introduction Contrary to conventional theory, a growing body of evidence suggests that economies with abundant natural resources perform badly in terms of economic growth relative to their resource poor counterparts—the
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Wang National Economic Research Institute China Reform Foundation C510 Guo Hong Building, No. A-11 Muxidi Beili Xicheng District, Beijing, 100038, China wangxiaolu@neri.org.cn Wing Thye Woo Economics Department University of California Davis, California 95616, USA wtwoo@ucdavis.edu and School of Finance Central University of Finance and Economics Beijing, China December 25, 2010 revision This article is part of a research project of the Chinese Research Society for Economic System Reform
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can create significant economic issues within the country. At the same time, a trade deficit may also weaken the currency of the country on the Forex market. What division in the U.S. makes the decision to increase interest rates? Central Bank, IE The FED, Federal Reserve What division in the U. S. makes the decision to increase taxes? U.S Congress What is monetary policy? p478, p516 - Monetary policy affects the exchange rate primarily through its effect on the real interest rate. * Monetary
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(cosmology). For other uses, see Inflation (disambiguation). Economics 2011 World GDP (PPP) per capita by country 2012 World GDP (PPP) per capita by country Index Outline Category History Types Classification History of economics Economic history (academic study) Schools of economics Microeconomics Macroeconomics Heterodox economics Methodology JEL classification codes Theory Techniques Econometrics Economic growth Economic system Experimental Mathematical Game theory National accounting
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A VoxEU.org eBook Centre for Economic Policy Research (CEPR) Centre for Economic Policy Research 3rd Floor 77 Bastwick Street London, EC1V 3PZ UK Tel: +44 (0)20 7183 8801 Email: cepr@cepr.org Web: www.cepr.org ISBN: 978-1-907142-77-2 © CEPR Press, 2014 Secular Stagnation: Facts, Causes, and Cures A VoxEU.org eBook edited by Coen Teulings and Richard Baldwin CEPR Press abcde Centre for Economic Policy Research (CEPR) The Centre for Economic Policy Research (CEPR) is a network
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