Home / Tag Archives: Mariam Lashkhi

Tag Archives: Mariam Lashkhi

Shadow Sector’s Ratio in Georgian Economy Exceeds 50%

Mariam Lashkhi

Austria is the world’s second least shadow economy following Switzerland, according to the 2018 IMF report saying that Switzerland has the lowest shadow economy ratio in GDP  (7.2%), while the highest ratio is recorded in Bolivia (62.3%). According to the IMF interpretation, shadow economy is known under various names: hidden …

Read More »

Negative Interest Rates

Mariam Lashkhi

Since the most recent global financial crisis, interest rates in developed countries have been unprecedentedly low. The real interest rates are close to zero and in a number of cases, are even negative. The European Central Bank was the initiator for establishing the negative interest rates when it began using …

Read More »