Javier Bianchi, Senior Economist at the Minneapolis Federal Reserve, presented his paper Rollover Crises and Monetary Independence at the 7th NCID Research Workshop last Friday 18th of May at the Fundación Ramón Areces in Madrid.
Financial crisis have an important role in the possibility of generating a rollover crisis, as governments are tempted to default because lenders are not willing to rollover short term debt.
“When a country gives up its monetary independence, because it joins the euro or fixes the exchange rate, it is going to become much more...
Mirko Abbritti, Economics Professor at the University of Navarra and Resident Fellow at the Navarra Center for International Development presented his paper Business Relationships, Bargaining and Trade Dynamics at the 7th NCID Research Workshop, which took place at the Fundación Ramón Areces in Madrid.
Most of the trade relationships are governed by long term contracts which are firm to firm. There is evidence that usually the price in these transactions are set by bargaining. “If you ask to a firm which are the main reason why they don’t to change prices is b...
Quality of education is a key indicator of the development of a country. Access to schooling and literacy rates show the level of educated and informed citizens a country has. Ethopia had a 49% literacy rate in 2015, however youth literacy rates at the same year were much higher, at 69,5%.
If we separate this data by gender, adult literacy for women is set at 41.1%, whilst for young women is at 67.8%. Both men and women now attend more school and are more literate, and these have effects on family compositions and lifestyle.
Luke Chicoine, Assistant Professor at the Depa...