Ungleichgewichte in einem Währungsgebiet entstehen durch Kapitalströme, die nicht durch eine ent-sprechende Steigerung der Kapazität Einkommen zu erzielen begleitet werden. Dadurch entsteht eine Überschuldung in den "Defizitländern", während in den "Überschussländern" Forderungen...

The Slovak economy experienced a strong but short recession in 2009. The recovery afterwards was driven by exports and investment. While GDP growth was one of the strongest in OECD, employment did not reach the pre-crisis level and unemployment remains stubbornly high. This paper argues that...

Non-renewable fixed-term and agency work contracts are becoming more used instead of the traditional Russian model of open-ended employment. The authors examine the influence of institutional and organizational factors on the use of two forms of non-standard work contracts in Russia with data...

The economic disadvantage of landlocked countries is well established in the literature (Faye et al, 2004). This paper investigates the economicimpact of landlockedness on convergence. The econometric analysis is carried out for three income groups and the time before and after the global...

In this study we analyze the convergence of GDP per capita from 2000 to2013 (current prices and euro exchange rates) for eight countries (Czech Republic, Slovakia, Slovenia, Hungary, Poland, Estonia, Latvia and Lithuania) of the European Union (CEE8). Some convergence indicators are also...

This policy paper underscores the importance of credible currency regimes and their macroeconomic underpinnings for stability in financial systems and long-term economic convergence of developing and emerging market economies. It suggests that for developing regions such as Sub-Saharan Africa,...