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Regional Unemployment and Human Capital in Transition Economies
Jurajda, Stepan; Terrell, Katherine - C.E.P.R. Discussion Papers - 2007
Differences in regional unemployment in post-communist economies are large and persistent. We show that inherited variation in human-capital endowment across the regions of four such economies explains the bulk of regional unemployment variation there and we explore potential explanations for...
Persistent link: https://www.econbiz.de/10005136518
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Taxes and Subsidies in the Transforming Hungarian Economy
Revesz, Tamas; Zalai, Erno - C.E.P.R. Discussion Papers - 1992
accords with economic principles. The authors explain how the `state' should be defined in Hungary, discuss the main forms of … research exercise!), further reform of the tax and public expenditure system, and extensive training of Hungary's public …
Persistent link: https://www.econbiz.de/10005136594
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An Analysis of the Hungarian Tax Reform
Newbery, David M G - C.E.P.R. Discussion Papers - 1991
The feasibility of systemic reforms may depend on their distributional consequences. The shift to a market economy can be expected to increase wage differentials and unemployment, which will have an adverse effect on income distribution. Income tax reform and the change in the system of consumer...
Persistent link: https://www.econbiz.de/10005504483
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Redistributive Policy in a Transition Economy: The Case of Hungary
Jarvis, Sarah; Pudney, Stephen - C.E.P.R. Discussion Papers - 1995
income transfers. We concentrate on the case of Hungary. We first survey recent developments in the economic circumstances of …
Persistent link: https://www.econbiz.de/10005792118
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The Output Decline in Central and Eastern Europe: A Classical Explanation
Bofinger, Peter - C.E.P.R. Discussion Papers - 1993
puzzling observation that the former CSFR, Hungary and Poland experienced a relatively similar decline in output in spite of … cause for the output drop. It shows that Hungary and Poland -- and to some extent the CSFR -- were able to compensate their … evidence for a `credit crunch' in Poland is not very strong. The paper also discusses the `Soviet trade shock' as a possible …
Persistent link: https://www.econbiz.de/10005123537
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Problems of Post-CMEA Trade and Payments
Rosati MEP, Dariusz - C.E.P.R. Discussion Papers - 1992
The demise of the CMEA trading system in 1991 and the shift to convertible currency settlements and world market prices was expected to bring about a severe contraction of intra-group trade, coupled with large imbalances in trade between Eastern Europe and the former Soviet Union. The observed...
Persistent link: https://www.econbiz.de/10005136560
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Privatisation in Poland: What Was the Government Trying to Achieve?
De Fraja, Gianni; Roberts, Barbara M - C.E.P.R. Discussion Papers - 2007
This paper uses the sequencing of privatisation to infer the objective pursued by the Polish government in the privatisation of its large manufacturing firms in the second half of the 1990's. We construct a model of mixed oligopoly, and use it to evaluate the privatisation process; our analysis...
Persistent link: https://www.econbiz.de/10005661699
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The Effects of Focus and Diversification on Bank Risk and Return: Evidence from Individual Bank Loan Portfolios
Acharya, Viral V; Hasan, Iftekhar; Saunders, Anthony - C.E.P.R. Discussion Papers - 2002
We study empirically the effect of focus (specialization) versus diversification on the return and the risk of banks using data from 105 Italian banks over the period 1993–99. Specifically, we analyse the trade-offs between (loan portfolio) focus and diversification using a unique data set...
Persistent link: https://www.econbiz.de/10005136462
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Does Interbank Borrowing Reduce Bank Risk?
Dinger, Valeriya; von Hagen, Jürgen - C.E.P.R. Discussion Papers - 2008
In this paper we investigate whether banks that borrow from other banks have lower risk levels. We concentrate on a large sample of Central and Eastern European banks which allows us to explore the impact of interbank lending when exposures are long-term and interbank borrowers are small banks....
Persistent link: https://www.econbiz.de/10005504249
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Incentive Pay and Bank Risk-Taking:Evidence from Austrian, German, and Swiss Banks
Efing, Matthias; Hau, Harald; Kampkötter, Patrick; … - C.E.P.R. Discussion Papers - 2014
We use payroll data on 1.2 million bank employee years in the Austrian, German, and Swiss banking sector to identify incentive pay in the critical banking segments of treasury/capital market management and investment banking for 66 banks. We document an economically significant correlation of...
Persistent link: https://www.econbiz.de/10011083493