Foreign Currency Debt And Economic Growth In The Region Of The Black Sea Economic Cooperation
Foreign Currency Debt And Economic Growth In The Region Of The Black Sea Economic Cooperation
Foreign currency liabilities are often considered as a financial risk factor in
___
- [1] Barro, R. H. (1976). The Loan Market, Collateral and Rates of
Interest Journal of Money, Credit and Banking. Published by: Ohio State
University. Vol. 8, No. 4, pp. 439-456.
[2] Barro, R. J. (1974). Are Government Bonds Net Wealth? Journal
of Political Economy Vol. 82, No. 6, pp. 1095-l117.
[3] Barro, R. J. (1979). On the determination of the public debt. Journal
of Political Economy. Vol. 87, No.5, pp. 940-971.
[4] Bebczuk, R., Galindo, A.and Panizza, U. (2006). An Evaluation Of
The Contractionary Devaluation Hypothesis Inter-American Development.
Bank Banco Interamericano de Desarrollo (BID) Research Department
Departmento de Investigación Working Paper. http://www.iadb.org/res/
publications/ pubfiles/pubWP-582.pdf
[5] Bleakly, H. and Cowan, K. (2008). Corporate Dollar Debt and
Depreciations: Much Ado About Nothing? The Review of Economics and
Statistics. Vol 90. Issue 4.
[6]Bordo, M. D., Meissner, C. M. and Stuckler, D. (2010) Foreign Currency
Debt, Financial Crises and Economic Growth: A long Run view. Journal
of International Money and Finance. Vol.29, Issue 4, pp. 642-665.
[7] Eberhardt, M. and Presbitero A. F. (2015). Public Debt and Growth:
Heterogeneity and Non Linearity. Journal of International Economics.
Vol.97, pp. 45-58
[8] Eggert, B. (2013) Public Debt, Economic Growth and Nonlinear
Effects: Myth or Reality. CESifo Working Paper: Fiscal Policy,
Macroeconomics and Growth, No. 4157
[9] Eichengreen, B. and Hausmann, R. (1999). Exchange Rates and
Financial Fragility. Proceedings - Economic Policy Symposium - Jackson
Hole, Federal Reserve Bank of Kansas City, pages 329-368.
[10] Eichengreen, B., Hausmann, R. and Panizza, U. (2003). Currency
Mismatches, Debt Intolarance and Original Sin: Why They Are Not the
Same and Wht it Mattes. NBER Working Paper No.10036. http://www.
nber.org/papers/w10036
[11] Friedrich Ebert Stiftung (2017). The Economic Situation in
Armenia: Opportunities and Challenges in 2017. Compass Center in
Armenia, Yerevan. http://library.fes.de/pdf-files/bueros/georgien/13248.
pdf
[12] Gavras P., Vogiazas S. and Koura, M.(2016). An Empirical
Assessment of Sovereign Country Risk in the Black Sea Region.
International Advanced Economic Research. pp.77-93.
[13] Gavras, P. (2010). The currency state of economic development in
the Black Sea Region. Southeast European and Black Sea Studies. Vol.10,
No.3, pp.263-285.
[14] Hanson, J.(1974).Optimal International Borrowing and Lending.
American Economic Review. Vol.64, No.4.
[15] Hausmann, R. and Panizza, U.(2011). Redemption or Abstinence?
Original Sin, Currency Mismatches and Counter Cyclical Policies in the
New Millennium. Journal of Globalization and Development. Vol. 2, No.
1.
[16] Herndon, T, Ash, M. and Pollin, R. (2013). Does High Public Debt
Consistently Stifle Economic Growth? A critique of Reinhart and Rogoff.
Cambridge Journal of Economics.
[17] Jeanne, O. (2000). Currency Crises: A Perspectives On Recent
Theoretical Developments.Special Papers In International Economics.
No.20. https://www.princeton.edu/~ies/ IES_Special_Papers /SP20.pdf
[18] Jorda,O. Schularik, Moritz HP. And Alan M. Taylor (2013).
Sovereign Versus Banks: Credit, Crises and Consequences. NBER
Working Paper 19506.http://www.nber.org/ papers/w19506
[19] Kourtellos, A., Stengos, T. and Tan, C. M. (2012). The effect of
public debt on growth in Multiple Regimes. http://www.webmeets.com/
files/papers/res/2013/335/kst-debt-07-02-12.pdf
[19] Mamedov, Z. F. and Zeynalo, V. (2011). Küresel Mali Kriz
Ortamında Azerbaycan Bankacılık Sektörünün Yapısı, Özellikleri ve
Sorunları. Amme İdaresi Dergisi, Vol. 44, No. 3, pp. 173-203.
[20] Manoli, P. (2010). Reinvigorating Black Sea Cooperation: A Policy
Discussion. Policy Report III. https://www.files.ethz.ch/isn/115943/2010_
PolicyReport-3.pdf
[21] Neumann, I. (1994). A Region- Building Approach to Northern
Europe. Review of International Studies, Vol.20, No.1, pp. 53-74.
[22] Paul, K. (2017). How Bad Will It Be If We Hit The Debt Ceiling?
Newyork Times Paul Krugman Blog. https://krugman.blogs.nytimes.
com/2017/08/07/how-bad-will-it-be-if-we-hit-the-debt-ceiling/
[23] Pop, A. and Dan, M. (2007). Towards a European Strategy in the
Black Sea area: the territorial cooperation. Leibniz Information Centre for
Economics. Strategy and Policy Studies (SPOS), No.2007, 4.
[24] Presbitero, A. F. (2010). Total Public Debt and Growth In
Developing Countries. http://www.csae.ox.ac.uk/conferences/2011-EdiA/
papers/608-Presbitero.pdf
[25] Reinhart, C. (2015). The Antecedents and Aftermath of Financial
Crises as Told by Carlos F. Díaz-Alejandro. Economia. Vol.16. No.1,
pp.187-217.
[26] Reinhart, C. and Trebesch,C. (2015). The Pitfalls of External
Dependence: Greece. Booking Papers on Economic Activity, pp.307-328.
http://www.columban.jp/filesE/Debt% 20Figures%202012.pdf
[27] Reinhart, C. M. and Rogoff, K. (2010).Growth In a Time of Debt.
NBER Working Paper No 15639. http://www.nber.org/papers/w15639
[28] Reinhart, C. M. and Trebesch, C. (2015). The Pitfalls of External
Dependence: Greece. The National Bureau of Economic Research Working
Paper No. 21664 http://www.nber.org/papers/w21664
[29] Reinhart, C., Reinhart, V. and Rogoff, K. (2012). Public Debt
Overhangs: Advanced Economy Episodes Since 1800. Journal of
Economic Perspectives. Vol.26, No.3, pp.69-86.
[30] Sachs, J. and Huizinga, H. (1987). U.S. Commercial Banks and the
Developing- Country Debt Crisis. Brooking Papers On Economic Activity.
Vol.1987, No.2, pp.555-606
[31] Schularick, J.O.,Schularick,M. and Taylor, A.M.(2012).When
Credit Bites Back: Leverage,Business Cycles and Crises. Federal Reserve
Bank of San Francisco.Working Paper Series.
[32] Schularik, M. and Alan M. T. (2009).Credit Booms Gone Bust:
Monetary Policy, Leverage Cycles and Financial Crises. NBER Working
Paper No. 15512, pp. 1870–2008
[33] Tassinari, F. (2006). A Sysnergy for Black Sea Regional
Cooperation: Guidelines for an EU Initiative. Center for European Policy
Studies. CEPS Policy Brief. No.105.
[34] The World Bank (2017).Azerbaijan Economic Report. http://
www.worldbank.org/en/country/azerbaijan/overview. Accession date
17.10.2017
[35] The World Bank (2017).Georgia Economic Report. http://www.
worldbank.org/en/country/georgia/overview . Accession date 17.10.2017
[36] The World Bank (2017). Moldova Economic Report. http://www.
worldbank.org/en/country/moldova/brief/moldova-economic-update .
Accession date 17.10.2017
[37] The World Bank (2017). Serbia Economic Report. http://www.
worldbank.org/en/country/serbia/overview . Accession date 17.10.2017
[38] The World Bank (2017). Ukraine Economic Update. The World
Bank Report http://pubdocs.worldbank.org/en/197801491224067758/
Ukraine-Economic-Update-April-2017-en.pdf. Accession date 17.10.2017
[39] Veebel, V. and Markus, R. (2016). At the Dawn of a New Era of
Sanctions: Russian- Ukrainian Crisis and Sanctions. Orbis, Vol.60, Issue
1, pp. 128-139. Accession date 17.10.2017
[40] Woo, J. and Kumar, M. S. (2015). Public Debt and Growth.
Economica, Issue 82. pp.705-739. Accession date 17.10.2017