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Comparison between Asian, Russian and Turkish financial crises
Lukkarila, Johanna - EconWPA - 2004
, ie third generation theories, for the crisis episodes in Asia. It also compares the theories and Asian events to … financial crises in Russia and Turkey. The paper shows that the traditional models are still relevant, but to some extent they …
Persistent link: https://www.econbiz.de/10005556609
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Economic Impact of Capital Flight from Russia and its Institutional Context: Why Capital Controls cannot be a Part of a Pro- Growth Policy.
Kadochnikov, Denis - EconWPA - 2005
The research presented in this paper is undertaken in response to the debate on capital flight from Russia. This debate … purpose of the paper is to examine capital flight from Russia within the institutional environment in which it occurs and to … argue that in Russia’s case capital flight might be considered not just a consequence, as some researchers have argued …
Persistent link: https://www.econbiz.de/10005125555
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Russias financial markets boom, crisis and recovery 1995-2001, Lessons for Emerging Markets Investors
Sueppel, Ralph - EconWPA - 2002
From 1995 to 2001 Russia witnessed an asset market boom, a deep financial crisis, and a surprisingly forceful recovery … a convergence of Russia’s economic structures with those in Central and Western Europe. …
Persistent link: https://www.econbiz.de/10005561251
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Sequential International Joint-Ventures and the Option to Choose
Lukas, Elmar - EconWPA - 2005
The purpose of this study is to formalize the optimal choice of market entry strategy for an individual multinational enterprise (MNE) from a dynamic perspective. It is argued that incorporating a suitable treatment of irreversibility, uncertainty and flexibility related to a MNEs investment...
Persistent link: https://www.econbiz.de/10005125492
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Collusion and Commitment in Bank Bailout
ZHANG, Yanhua - EconWPA - 2005
Collusion and soft budget constraint are two conspicuous phenomena in transition economies¡¯ banking system. Literature has separately investigated those two phenomena from theoretical point of views. However, the cross-point of both phenomena has been neglected in the research of banking...
Persistent link: https://www.econbiz.de/10005134539
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Are Oligarchs Productive? Theory and Evidence
Gorodnichenko, Yuriy; Grygorenko, Yegor - EconWPA - 2005
This paper develops a partial equilibrium model to account for stylized facts about the behavior of oligarchs, politically and economically strong conglomerates in transition and developing countries. The model predicts that oligarchs are more likely than other owners to invest in productivity...
Persistent link: https://www.econbiz.de/10005407700
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Anti-corruption programmes in post-communist transition countries and changes in the business environment, 1999-2002
Steves, Franklin; Rousso, Alan - EconWPA - 2004
This paper analyses the anti-corruption activities of 24 transition countries in the period 1999-2002. These activities are divided into omnibus anti-corruption programmes, legislative reform aimed at tackling corruption, and adherence to international anti-corruption conventions. The paper...
Persistent link: https://www.econbiz.de/10005412534
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Too many to fail? Inter-enterprise arrears in transition economies
Hildebrandt, Antje - EconWPA - 2002
In advanced market economies, the use of trade credits is an important way of short-term financing and generally considered as being part of normal business practice. Some transition economies, however, have experienced a rapid accumulation of trade credits which have led to interlocking webs of...
Persistent link: https://www.econbiz.de/10005556025
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The Macroeconomics of Massive Giveaways
Gouret, Fabian - EconWPA - 2004
In a framework similar to the models of expectation on economic policy, we purpose a model where the government subsidizes firms privatized by massive giveaways to the managers who are empire- builders. The government injects funds because its aim is to avoid a drastic fall of output when a...
Persistent link: https://www.econbiz.de/10005556046
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SOCIO-ECONOMIC DEVELOPMENT : A POLITICO - FINANCIAL OVERVIEW
Dr.VSR.Subramaniam - EconWPA - 2004
process. The inferences are supported with examples from Britain, Germany, India, Russia and USA. The matter is supported with …
Persistent link: https://www.econbiz.de/10005556918