The focus of the transitional processes in CEE studies has changed in recent years. One important study area in the transitional processes in CEE is the construction of a globally competitive economy structure and increased efficiency of the rule of law. An important element of the...

The focus of the transitional processes in CEE studies has changed in recent years. One important study area in the transitional processes in CEE is the construction of a globally competitive economy structure and increased efficiency of the rule of law. An important element of the...

The term structure of interest rates is an important input for basically every pricing model and is mostly calibrated on coupon bond prices. Therefore the estimated interest rates should accurately explain the market prices of these bonds. However nearly all empirical papers on interest rate...

This paper investigates the employment growth of small and medium-sized firms that survived the transformation process of the German Democratic Republic (GDR). We find that firms founded in the later period of the GDR’s existence have especially low growth prospects, even 10 years after German...

The term structure of interest rates is an important input for basically every pricing model and is mostly calibrated on coupon bond prices. Therefore, the estimated interest rates should accurately explain the market prices of these bonds. However, nearly all empirical papers on interest rate...