In the area of foreign trade theory, the theorem of unequal exchange, in the area of social sciences in general and in the sphere of development policy in particular, the "dependencia" approach, and in the politico-economic area, the interdependence approach, have yielded important results and -...

The financial services sectors of Romania and Estonia moved towards privatization in sharply contrasting manners. For a long time Romania's enthusiasm for its 1998 promise to the IMF to privatize its leading banks was only a commitment on paper; few steps were made towards its fulfillment. By...

Do emerging markets need to sacrifice economic sovereignty in order to borrow more cheaply on the international capital markets? To explore this, we exploit a natural experiment following the Treaty of Berlin in 1878 when four Balkan states - Bulgaria, Greece, Romania, and Serbia - received full...

On 29 March 2004, Romania submitted the instruments of ratification at the State Department of the United States of America, the main state of the Treaty of the North Atlantic Alliance. The present year we have celebrated the 15th anniversary since Romania became a member of NATO, but it has...

The purpose of the study is to analyse the issues of economic, social and institutional factors in the growth of agri-food sector and the development of rural areas in Europe. The authors of chapters included in this volume try to answer the questions concerning above-mentioned phenomenon on the...

The Black Sea Region proved its strategic value in time, while today is even more important due to the geo-political evolutions in the region. Located at the crossroads of three security complexes, The Black Sea Region represents an area of strategic opportunities, characterized by a great...

Countries in Central, Eastern, and Southeastern Europe (CESEE) experienced a credit boom-bust cycle in the last decade. This paper analyzes the roles of demand and supply factors in explaining this credit cycle. Our analysis first focuses on a large sample of bank-level data on credit growth for...

This paper uses a unique survey of Roma and non-Roma in South Eastern Europe to evaluate competing explanations for the poor performance of Roma in the labour market. The analysis seeks to identify the determinants of educational achievement, employment and wages for Roma and non-Roma. LIML...