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The note first presents a brief overview of the Croatian railway sector, listing the main challenges that it is currently facing, and identifying the main areas of intervention for the development of a financially sustainable sector, which should guide any thorough sector reform program in the...
Persistent link: https://www.econbiz.de/10012560014
During the 1990s, the Turkish economy was beset by frequent economic crises. Fiscal imbalances, high inflation rates, and the subsequent stop and go economic cycles hit the Turkish economy, slowing growth and plunging the country into recession. Spiraling debt and interest payments coupled with...
Persistent link: https://www.econbiz.de/10012248426
This Policy Note has been prepared to assist the governments of the Entities in Bosnia and Herzegovina to better understand the current conditions of the railway sector,assess the policy options for modernizing it and help chart a course ahead. Railway performance is benchmarked against a number...
Persistent link: https://www.econbiz.de/10012248556
Under a succession of reform-minded governments, the Bulgarian rail sector has achieved some ambitious targets-stable traffic volumes and hard-won financial stability that was endorsed by investor confidence during a recent bond issuance for EUR 120 million. Today, all Acquis Communautaires...
Persistent link: https://www.econbiz.de/10012557617
"Regulation is purportedly enacted to serve specific social purposes. In reality, however, it follows a more complex … its justification and objectives, regulation can have potentially significant macroeconomic consequences by helping or … Serven provide an empirical analysis of the macroeconomic impact of regulation. They first characterize the stylized facts on …
Persistent link: https://www.econbiz.de/10010522729
Persistent link: https://www.econbiz.de/10010523042
"This study reviews regulatory instruments designed to reduce environmental externalities from the transport sector. The study finds that the main regulatory instruments used in practice are fuel economy standards, vehicle emission standards, and fuel quality standards. Although industrialized...
Persistent link: https://www.econbiz.de/10011394161
Since investment climate reforms in developing countries started gaining traction in the 1990s, most efforts have focused on issues at the national level, achieving varying degrees of success for reasons that are relatively well understood. This handbook provides an overview of efforts and...
Persistent link: https://www.econbiz.de/10012247636
With the recent stock market frauds in markets around the world such as the Madoff case in the U.S. and the recent Satyam fraud in India, no nation can hold its head high and claim to have good corporate governance. The reality is that the problems of fraud, faulty audits, misleading accounts,...
Persistent link: https://www.econbiz.de/10012556219
inclusive way for the poorest households. Kosovo has made significant progress towards pro-competition regulation of product … markets but there is still significant room for improvement. Although the product market regulation (PMR) indicators are …
Persistent link: https://www.econbiz.de/10013545583