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This paper argues that traditional explanations of the fiscal crisis in transition economies overlook the crucial interconnection between the reduction in subsidies expenditure and the decrease in profit tax revenues. It thus contends that the impact on the fiscal budget of the crisis of...
Persistent link: https://www.econbiz.de/10008470364
This study constitutes part of the "Support for Economic Reforms in Bulgaria" project conducted by the Center for … in Bulgaria and Poland, - conduct a cross-country comparison of the fiscal effects of privatization in Bulgaria and … and negative aspects of Poland's experience that could prove relevant to Bulgaria's economic environment. This study …
Persistent link: https://www.econbiz.de/10008541400
(CASE Foundation) in Warsaw. The research was a part of an advisory project "Support for Economic Reforms in Bulgaria …
Persistent link: https://www.econbiz.de/10008541401
of the end of 1997 concluding with some policy recommendations. The countries covered by the paper (Bulgaria, Czech … countries are relatively robust although small in relation to GDP. In Bulgaria a banking crisis ended with a major …
Persistent link: https://www.econbiz.de/10008541405
with a boost in aggregate public spending. For Bulgaria, fiscal stimulus programs proved to present their own unique set of …
Persistent link: https://www.econbiz.de/10009493720
group. Bulgaria in 1996-1997 represents the first episode of a full-scale financial crisis, involving drastic currency … domestic and, although severe, were restricted to Bulgaria. Russia's financial crisis in August 1998, despite similar … characteristics and domestic roots as in Bulgaria, had an important international dimension. On the one hand, the first speculative …
Persistent link: https://www.econbiz.de/10008632977
The paper examines the nature of the Bulgarian banking and currency crises in 1996.1997 and evaluates the causal link between them. The analysis shows that the banking crisis has resulted from slow structural reforms, inefficient prudential regulation and prolonged unsound lending practices. The...
Persistent link: https://www.econbiz.de/10008633071
The model of the Russian economy that was formed in the 2000s does not match a new stable growth path, though it helped to calmly overcome the crisis of 2008 and 2009. The state needs to provide stability in the fields under its direct control, i.e. the budgetary and monetary policies. In the...
Persistent link: https://www.econbiz.de/10010901986
Migration from Eastern Partnership (EaP) countries has only become a large and important phenomenon over the last twenty years At its heart, labour migration reflects entrepreneurial decisions by individuals and families looking to improve their lives while facing complex challenges and...
Persistent link: https://www.econbiz.de/10010901998
The future size and quality of the European labour force are important production factors for future economic growth in the region. The performance of many systems such as social security and health depends on the population of future potential tax payers. Older workers are an important and...
Persistent link: https://www.econbiz.de/10010902000