The series of currency crises which hit several developing countries in the 1990s did not leave the emerging market economies of Central and Eastern Europe unscathed. However, contrary to the experience of Mexico in 1995 and South East Asia in 1997-1998, the roots of the crises in our region...

Most economies of Central and Eastern Europe (CEE) and the former Soviet Union (FSU) experienced a very high inflation or even hyperinflation in the onset of the transition process. Despite the package of institutional, regulatory and structural reforms that made Poland a leader of economic...

Currency crises have been recorded for a few hundreds years but their frequency increased in the second half of the 20th century along with a rapid expansion of a number of fiat currencies. Increased integration and sophistication of financial markets brought new forms and more global character...

This volume presents seven comparative studies of currency crises, which happened in the decade of 1990s in Latin America, South East Asia and in transition countries of Eastern Europe and the former USSR. All the studies were prepared under the research project no. OI44/H02/99/17 on "Analysis...

We have conducted the first survey on management practices in transition countries. We found that Central Asian transition countries, such as Uzbekistan and Kazakhstan, have on average very poor management practices. Their average scores are below emerging countries such as Brazil, China and...

We test under what circumstances boards discipline managers and whether such interventions improve performance. We exploit exogenous variation due to the staggered adoption of corporate governance laws in formerly Communist countries coupled with detailed ‘hard’ information about the...

This volume contains the output of country research undertaken in Slovenia in 2000-2001 by a team directed by Andreja Bohm and Marko Simoneti under the international comparative project "Secondary Privatization: the Evolution of Ownership Structures of Privatized Enterprises". The project was...

This volume contains the output of country research undertaken in Poland in 2000-2001 by Barbara Blaszczyk, Michal Gorzynski, Tytus Kaminski and Bartlomiej Paczoski under the international comparative project "Secondary Privatization: the Evolution of Ownership Structures of Privatized...

We compare the change in ownership concentration in firms privatized through two different programs of mass privatization: the Czech voucher scheme and the Polish program of National Investment Funds. Despite important differences in ownership structure at the start of the process and in the...