931 resultados para currency crises


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Greece and its creditors seem to be engaged in a game of chicken: both sides expect the other to yield at the last moment. The game will almost certainly end with each side deviating somewhat from its preferred course. This High-Level Brief discusses how a parallel currency could contribute to a resolution of the conflict. In the author's view, it would be the least-bad option for both sides among three possible options on the table.

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In contrast to his contribution just a month ago, which examined how a Greek parallel currency to the euro could allow the Greek government to gain some room for manoeuver in fiscal policy while at the same time continuing the adjustment programme demanded by the country’s creditors, Thomas Mayer explores in the present note the question of how the Greek population could still keep the euro after a default of its government. Contrary to general belief, he finds that Grexit and the reintroduction of the euro as a foreign currency would probably be positive for the Greek economy, although its creditors would be hard hit. It is therefore primarily in their interest that default and Grexit are avoided.

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This paper reviews the steps that China has taken towards financial reform with a particular focus on capital account liberalisation and internationalisation of the use of the renminbi. • After a slowdown in reform momentum during the global financial crisis, there is a clear push towards reform, especially in terms of RMB internationalisation. • During the same period, though, China’s debt has doubled, reaching levels that are clearly above those of most emerging markets. This increases the risks embedded in financial reform and, in particular, capital account liberalisation. • At this juncture, however, China has no option but to press for reform since the current growth model is no longer working and China urgently needs to better allocate its savings.

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For more than two decades, Azerbaijan and Armenia have been locked in a stalemate over the Nagorno-Karabakh. The protracted conflict remains the biggest impediment to security, stability and prosperity in the South Caucasus. The EU has put itself on the sidelines of the conflict resolution process, allowing the Organization for Security and Co-operation in Europe (OSCE) Minsk Group (MG), of which Russia, France and the US are co-chairs, to take centre stage. In this Policy Brief, Amanda Paul and Dennis Sammut argue that the EU should play a more active role in the conflict resolution process, taking the lead with innovative initiatives and using its soft power skills and experience. A recent review of the European Neighbourhood Policy recognises that protracted conflicts continue to hamper development in the region. This new approach now needs to be given substance, before the conflict further escalates and becomes another crisis on Europe’s border the already burdened Union cannot cope with.

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Until 2008, Macedonia was leading the process of EU and NATO integration, and (after Croatia) was the fastest-reforming Western Balkan country. However, since Macedonia’s negotiations on joining the EU and NATO were blocked, in connection with its dispute with Greece, the Macedonian government has moved away from a policy of reform towards reinforcing its autocratic system and consolidating society behind nationalist slogans. Also the EU, which had hitherto been the driving force behind the changes, has due to its internal crises been paying little attention to violations of democratic standards in the Republic of Macedonia, tensions in relations between the Slavic Macedonians and the Albanian minority (which make up over 25% of the population), and the country’s permanent political domestic crises.

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"A comunicação é a voz da marca, meio através do qual uma marca procura estabelecer um diálogo e construir um relacionamento com o cliente" (Kotler, 2009). O presente trabalho de investigação tem como principal intuito compreender a importância das redes sociais, mais concretamente do facebook e da correta gestão de crise nas redes sociais. A Internet e as Redes Sociais trouxeram consigo novas funcionalidades que abriram um novo mundo no que respeita ao tipo de comunicação das marcas. Nos dias de hoje, as redes sociais são vistas como um instrumento inovador que ajuda as pessoas a criarem laços pessoais e verdadeiros (Holloman, 2011). Segundo Mangold e Fauls (2009), a criação de páginas ou comunidades por parte das marcas, nas redes sociais, permite aos consumidores interagirem com a marca ou com os outros consumidores sobre aspetos relacionados com a marca, assim acaba por surgir um envolvimento direto e em tempo real entre marcas e consumidores. Os cidadãos vivem rodeados de informação e as redes sociais, como o facebook, são um dos fatores que contribuem para o excesso de notícias que um cidadão recebe. Logo, o novo poder do consumidor está diretamente associado ao fácil acesso à informação. Estamos na “era das tecnologias de informação”, em que a informação é abundante, e à distância de um click é possível ter um conhecimento geral sobre quase tudo o que existe (Adolpho, 2012). Mas por vezes, a informação certa para o público nem sempre é conseguida, deste modo as empresas devem estar preparadas para a emergência de crises, para as gerir e minimizar os seus impactos.

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Mode of access: Internet.

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Mode of access: Internet.

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Thèse--Univ. de Neuchâtel.

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Mode of access: Internet.