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JournalISSN: 1452-595X

Panoeconomicus 

Economists' Association of Vojvodina
About: Panoeconomicus is an academic journal published by Economists' Association of Vojvodina. The journal publishes majorly in the area(s): Monetary policy & Exchange rate. It has an ISSN identifier of 1452-595X. It is also open access. Over the lifetime, 586 publications have been published receiving 6530 citations. The journal is also known as: Panoeconomicus.


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Journal ArticleDOI
Dani Rodrik1
TL;DR: The World Bank's Economic Growth in the 1990s: Learning from a Decade of Reform (2005) as mentioned in this paper is a rather extraordinary document demonstrating the extent to which the thinking of the development policy community has been transformed over the years.
Abstract: Proponents and critics alike agree that the policies spawned by the Washington Consensus have not produced the desired results. The debate now is not over whether the Washington Consensus is dead or alive, but over what will replace it. An important marker in this intellectual terrain is the World Bank's Economic Growth in the 1990s- Learning from a Decade of Reform (2005).With its emphasis on humility, policy diversity, selective and modest reforms, and experimentation, this is a rather extraordinary document demonstrating the extent to which the thinking of the development policy community has been transformed over the years. But there are other competing perspectives as well. One (trumpeted elsewhere in Washington) puts faith on extensive institutional reform, and another (exemplified by the U.N. Millennium Report) puts faith on foreign aid. Sorting intelligently among these diverse perspectives requires an explicitly diagnostic approach that recognizes that the binding constraints on growth differ from setting to setting. .

1,082 citations

Journal ArticleDOI
TL;DR: In this paper, the authors identify the factors affecting the nonperforming loans rate (NPL) of Eurozone's banking systems for the period 2000-2008, just before the beginning of the recession.
Abstract: Summary: The purpose of the present study is to identify the factors affecting the non-performing loans rate (NPL) of Eurozone’s banking systems for the period 2000-2008, just before the beginning of the recession. In our days, Eurozone is in the middle of an unprecedented financial crisis, calling into question the soundness of the banking systems of European countries. Looking at both macro-variables (e.g. annual percentage growth rate of gross domestic product, public debt as % of gross domestic product, unemployment) and micro-variables (e.g. loans to deposits ratio, return on assets, return on equity), we investigate which factors determine NPL on aggregate level. Overall, our findings reveal strong correlations between NPL and various macroeconomic (public debt, unemployment, annual percentage growth rate of gross domestic product) and bank-specific (capital adequacy ratio, rate of nonperforming loans of the previous year and return on equity) factors.

297 citations

Journal ArticleDOI
TL;DR: The origins and causes of the Greek fiscal crisis and its implications for the euro currency as well as the SEE economies are discussed in this article, where a lengthy austerity programme and a fiscal consolidation plan have been put forward and are to be implemented in the next three years.
Abstract: This paper presents and critically discusses the origins and causes of the Greek fiscal crisis and its implications for the euro currency as well as the SEE economies. In the aftermath of the 2007-2009 financial crisis the enormous increase in sovereign debt has emerged as an important negative outcome, since public debt was dramatically increased in an effort by the US and the European governments to reduce the accumulated growth of private debt in the years preceding the recent financial turmoil. Although Greece is the country member of the eurozone that has been in the middle of this ongoing debt crisis, since November 2009 when it was made clear that its budget deficit and mainly its public debt were not sustainable, Greece's fiscal crisis is not directly linked to the 2007 US subprime mortgage loan market crisis. As a result of this negative downturn the Greek government happily accepted a rescue plan of 110 billion euros designed and financed by the European Union and the IMF. A lengthy austerity programme and a fiscal consolidation plan have been put forward and are to be implemented in the next three years.

139 citations

Journal ArticleDOI
TL;DR: The authors argue that these axioms, simultaneously, provide the foundation for neoclassicism's discursive success within the social sciences and are the deep cause of its theoretical failure, and reinforce one another, making it even less likely that it will conduct an open, pluralist debate on its theoretical foundations.
Abstract: This paper offers a precise definition of neoclassical economics based on three axioms which lie at the latter's foundations. This definition is all inclusive in that it applies as much to the neoclassical economic models of the late 19th century as it does to today's more flexible and 'inclusive' models. The paper argues that these axioms, simultaneously, (a) provide the foundation for neoclassicism’s discursive success within the social sciences and (b) are the deep cause of its theoretical failure. Moreover, (a) and (b) reinforce one another as neoclassicism's discursive power (which is largely due to the hidden nature of its three foundational axioms) makes it even less likely that it will conduct an open, pluralist debate on its theoretical foundations (i.e. the three axioms which underpin it).

123 citations

Performance
Metrics
No. of papers from the Journal in previous years
YearPapers
202326
202254
202127
202043
201916
201821