Temat: Baltics - Katalog OPAC zbiorów

Skocz do pozycji: 1.

Tytuł:: Housing loans and domestic credit in the Baltic States and Poland: Structural breaks and macroeconomic determinants
Autorzy:: Hegerty, Scott W.
Powiązania:: https://bibliotekanauki.pl/articles/2024083.pdf
Data publikacji:: 2020
Wydawca:: Uniwersytet Ekonomiczny w Katowicach
Tematy:: Baltics
Domestic credit
Home lending
Polska
time series
Opis:: Aim/purpose – This study examines the time-series properties of home loans and do-mestic credit in Poland and the three Baltic countries, first in the univariate sense by identifying structural breaks in the series, and then using a multivariate model to identify the key drivers of loan growth.Design/methodology/approach – Structural break tests are conducted using the method of Bai & Perron (1998), while orthgonalised VARs are used for the macroeconomic model.Findings – The Estonian and Lithuanian home lending growth series have structural breaks in 2007, preceding the onset of the 2008 Global Financial Crisis. Estonian home lending has two additional structural breaks in 2009 and 2013. Neither of the two Polish lending series has any break after the sample begins in 2009, indicating more stability in the country’s markets. In the macroeconomic model, consumer price inflation and real effective exchange-rate appreciations have the largest influence on lending and credit growth, and Poland more affected than the Baltic countries.Research implications/limitations – This study opens the door to future research behind the specific causes of structural breaks in these series. While there is some evidence of an ‘early warning’ before the 2008 crisis, longer data series are needed for Poland and especially in the case of Latvia.Originality/value/contribution – This study offers insight into the lending markets in an area of the world that was significantly impacted by the 2008 crisis. Understanding the behaviour and causes of lending growth will help avoid future problems.
Źródło:: Journal of Economics and Management; 2020, 42; 48-69
1732-1948
Pojawia się w:: Journal of Economics and Management
Dostawca treści:: Biblioteka Nauki

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Skocz do pozycji: 2.

Tytuł:: From independence to the Euro introduction: varieties of capitalism in the Baltic States
Autorzy:: Wrobel, Ralph M.
Powiązania:: https://bibliotekanauki.pl/articles/529834.pdf
Data publikacji:: 2015
Wydawca:: Wyższa Szkoła Bankowa we Wrocławiu
Tematy:: VoC, Baltics
Estonia, Latvia
Lithuania
Euro introduction
Opis:: The Baltic States, Estonia, Latvia and Lithuania, are very successful in transformation. From 1991 to 2015 they regained independence and transformed their economies from socialist central planning into functioning market economies, joined the EU in 2004 and became member of the Euro zone. Estonia introduced the Euro al-ready in 2011 while Latvia followed in 2014 and Lithuania in 2015. Thereof follow two questions. First, why all three Baltic countries are so successful? And secondly, do we really find everywhere the pattern of the “Shining star” Estonia, followed by Latvia and at least Lithuania? According to modern Varieties of Capitalism theory all three economies can be classified as Central and Eastern European Countries in the style of Liberal Market Economies (CEEC-LME). As can be shown, there are also differences in the institutional setups of all three Baltic States. During the period of transformation a pattern of Estonia followed by Latvia and at least Lithuania evolved which is also reflected by the sequence of joining Euro area. But institutional patterns are not determined in the long run. Since the crisis of 2008/09 the pattern within the Baltics changed. While Estonia remains on the first rank Lithuania overtook Latvia in terms of growth and wealth. Deregulation in Lithuania – which may be observed by the development of the Economic Freedom Index of the Heritage Foundation within the last ten years – may be the main reason. But also, the low sophistication of the Lithuanian banking system as well as Latvia’s massive suffering from the crisis may explain the last change of the pattern in the Baltics. There are several possibilities to illustrate the different paths of development of the Baltic States. While Geography Hypothesis is not able to explain the differences, the extractive political institutions in Estonia and Latvia can illustrate the lead of both countries in contrast to Lithuania till the crisis in 2008/09. Additionally, different basic values in all three Baltic States are responsible for the different
Źródło:: Central and Eastern European Journal of Management and Economics (CEEJME); 2015, 1; 9-38
2353-9119
Pojawia się w:: Central and Eastern European Journal of Management and Economics (CEEJME)
Dostawca treści:: Biblioteka Nauki

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Skocz do pozycji: 3.

Tytuł:: Time-series dynamics of Baltic trade flows: Structural breaks, regime shifts, and exchange-rate volatility
Autorzy:: Hegerty, Scott W.
Powiązania:: https://bibliotekanauki.pl/articles/2054532.pdf
Data publikacji:: 2022
Wydawca:: Uniwersytet Ekonomiczny w Katowicach
Tematy:: Baltics
Structural breaks
Time series
Trade flows
Opis:: Aim/purpose – In the decades since their reintegration with the West, the small open economies of Estonia, Latvia, and Lithuania have seen their trade flows grow substantially. While the mix of trade partners has evolved over time, the region has been affected by various political and economic shocks. This study examines the bilateral trade balances between the Baltic countries and nine partners to investigate whether there have been structural breaks due to political or economic events. Because these events may have been “priced into” exchange rates or increased these rates’ volatility, connections between these variables and trade balances are also considered. Design/methodology/approach – Monthly data beginning in 1994 are taken from the International Monetary Fund’s Direction of Trade Statistics [DOTS]. Trade partners include the Nordic countries of Finland, Sweden, and Norway, as well as Poland, Russia, and the United States and country groupings such as the CIS, Advanced Economies, and the World. Ratios of the export and import values are used to create bilateral trade balances. The Bai–Perron (1998) structural break test is then used to identify “break points” that can classify time periods into regimes. Baltic nominal and real effective exchange rates, both in log changes and as a GARCH-based volatility measure, show whether regimes correspond to competitiveness or risk. Correlations are calculated to show links between bilateral trade balances and real exchange rates. Findings – Each trade balance has at least one structural break; many have more. In fewer than half of the cases do these correspond to specific events such as EU accession or the Global Financial Crisis. Trade with Russia has decreased, particularly for Estonia and Latvia. But many partners with historical ties, such as Estonia-Finland, Latvia-Sweden, and Lithuania-Poland have more breaks than do other partners (such as Estonia-Poland). Structural breaks in real exchange-rate returns and volatility do not match those of trade balances, and correlations between returns and trade balances are low. Research implications/limitations – These findings open the door to future research on the macroeconomic and cultural/historical factors behind these trade linkages and any changes in regimes. However, no structural determinants have yet been estimated. Originality/value/contribution – This study isolates changes in trade regimes, which can be further explained by specific events or particular dates. It also shows that variance has changed as well as the mean, but this differs by country and by the partner.
Źródło:: Journal of Economics and Management; 2022, 44; 96-118
1732-1948
Pojawia się w:: Journal of Economics and Management
Dostawca treści:: Biblioteka Nauki

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Skocz do pozycji: 4.

Tytuł:: Explaining The Prevalence Of The Informal Economy In The Baltics: An Institutional Asymmetry Perspective1
Autorzy:: Williams, Colin C
Horodnic, Ioana A
Powiązania:: https://bibliotekanauki.pl/articles/623583.pdf
Data publikacji:: 2016-01-06
Wydawca:: Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
Tematy:: informal sector
tax morale
social contract
institutional analysis
Baltics
Opis:: Reporting a 2013 Eurobarometer survey of participation in the informal economy across eight Baltic countries, this paper tentatively explains the informal economy from an institutional perspective as associated with the asymmetry between the codified laws and regulations of the formal institutions (state morality) and the norms, values and beliefs of citizens (civic morality). Identifying that this non-alignment of civic morality with the formal rules is more acute when there is greater poverty and inequality, less effective redistribution and lower levels of state intervention in the labour market and welfare, the implications for theorising and tackling the informal economy are then discussed.
Źródło:: European Spatial Research and Policy; 2015, 22, 2
1231-1952
1896-1525
Pojawia się w:: European Spatial Research and Policy
Dostawca treści:: Biblioteka Nauki

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Skocz do pozycji: 5.

Tytuł:: The Implications of Russia’s 2014 Military Doctrine for the Baltic States’ Military Security to 2020
Autorzy:: Guselnikov, Sergei
Powiązania:: https://bibliotekanauki.pl/articles/534439.pdf
Data publikacji:: 2017
Wydawca:: Wyższa Szkoła Biznesu w Dąbrowie Górniczej
Tematy:: The Baltics’ Security
Russian Doctrinal Threats
Resurgent Russia
Deterrence of Russia
Opis:: In its 2014 military doctrine, Russia defines the world as an unstable environment that is not able to provide sufficient security to Russia. In these terms, Russia looks to its large military force that would be able to protect the Russian vital sphere of interests, which supposedly also includes Estonia, Latvia and Lithuania. Thus, Russia strives to re-establish the control in its vital sphere of interests and the 2014 doctrine reveals the intent of it. However, the steady development of military capabilities, strong political will to defend the sovereignty along with the principle of collective defence has made the Baltic States strong enough to withstand security challenges caused by its Eastern neighbour, The Russian Federation. As a result, although the confrontation of interests in the Baltic region remains persistent, the probability of Russian direct military aggression against the Baltic States will stay low up to 2020.
Źródło:: Security Forum; 2017, 1, Volume 1 No. 1/2017; 99-107
2544-1809
Pojawia się w:: Security Forum
Dostawca treści:: Biblioteka Nauki

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Skocz do pozycji: 6.

Tytuł:: Russia’s Monroe Doctrine: Peacekeeping, Peacemaking or Imperial Outreach?
Autorzy:: Rakowska-Harmstone, Teresa
Powiązania:: https://bibliotekanauki.pl/articles/526909.pdf
Data publikacji:: 2014
Wydawca:: Collegium Civitas
Tematy:: Russia
Ukraine
Soviet Union
Baltics
Transnistria
Caucasus
Central Asia
foreign policy
geopolitics of Russia
conflicts
Opis:: The article discusses the important changes in the Russian foreign policy doctrines that occurred in the beginnings of the 1990s, after the collapse of the Soviet Union. The Author argues that the officially claimed devotion to peacemaking and peacekeeping are in fact manifestations of the Russian imperial outreach. The model of international relations promoted by Moscow in fact resembles the American 19th century Monroe Doctrine. Thus, the foreign policy doctrine and the potential national conflicts in the post-Soviet territory may become triggers for Russian actions aiming at restoring the Russian Empire.
Źródło:: Securitologia; 2014, 1(19); 7-45
1898-4509
Pojawia się w:: Securitologia
Dostawca treści:: Biblioteka Nauki

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