Reforms often occur in waves, seemingly cascading from country to country. We argue that such reform waves may be … driven by informational spillovers: uncertainty about the outcome of reform is reduced by learning from the experience of …

We investigate the effects of economic crises on the subsequent economic performance, economic reform, democratization … economic reform, economic growth and, with a delay, on investment and institutional change. Episode of high inflation, moreover …, translate into lower subsequent inflation. Crises thus appear to serve as catalysts of reform and institutional change and lead …

This study analyzes the qualitative aspects of emigration from Germany taking account of economic and non …

Migration contributes to the circulation of goods, knowledge, and ideas. Using community and individual-level data from … Moldova, we show that the emigration episode that started in the late 1990s strongly affected political preferences and …. Identification relies on the quasi-experimental context studied and on the differential effects arising from the fact that emigration …

Following the collapse of planning, new small and medium-sized firms rapidly emerged in all transition economies. Using … formerly planned economies with those in economies outside transition, we document not only the challenges faced by transition …

economic convergence may push up inflation rates in transition economies. Cyclical effects and regulated prices are found to be … exchange rate plays a prominent (but declining) role in transition economies. …

corporations’ debt-equity ratios. The debt ratios drop sharply after the implementation of the reform. …