Showing 1 - 10 of 378
In this paper, we study the drivers of permanent and transitory deposit dollarization for a sample of CESE countries using panel cointegration techniques. The results suggest that a positive cointegration relationship exists between permanent dollarization and Minimum Variance Portfolio (MVP)...
Persistent link: https://www.econbiz.de/10012997089
The paper analyzes the relation between monetary uncertainty and government incentives to implement economic reforms that reduce structural distortions and make economies more flexible. It is shown that uncertainty about the central bank's reaction function leads to more reforms. I relate this...
Persistent link: https://www.econbiz.de/10013317517
With efforts across the industrial countries to increase the amount of foreign aid mounting, it is important to understand its determinants. This paper examines the factors affecting the support for foreign aid among voters in donor countries. A simple theoretical model, which considers an...
Persistent link: https://www.econbiz.de/10013317356
The paper scrutinizes the role of wages and capital flows for competitiveness in the new EU member states in the …
Persistent link: https://www.econbiz.de/10013316298
A large literature on "border effects" in the wake of McCallum (1995) documents the massive impact of borders on trade. However, all these studies suffer from an identification problem. "Border effects" are usually identified from cross-sectional variation alone. We do not know how trade would...
Persistent link: https://www.econbiz.de/10013316562
This paper studies the impact of recent changes in second pension pillars of three Central and Eastern European Countries on the deficit and implicit debt of their full pension systems. The paper seeks to answer the following questions: what is the impact on the sustainability of Poland's...
Persistent link: https://www.econbiz.de/10013107061
Agreements (FTAs) on trade flows. In this paper we focus on FTAs (also called European agreements) between the European Union (EU … with the EU was signed exceeded trade growth of the control group of countries which did not become members …
Persistent link: https://www.econbiz.de/10012769922
In a major setback for the EU, only two of four Eastern Partnership countries actually initialed Association Agreements … the EU, the paper shows that the Eastern Partnership countries, including Ukraine, by far the largest in the group, gain … significantly from free trade agreements with the EU, but gain little if anything from free trade agreements with Russia …
Persistent link: https://www.econbiz.de/10013050477
Do empires affect attitudes towards the state long after their demise? We hypothesize that the Habsburg Empire with its localized and well-respected administration increased citizens’ trust in local public services. In several Eastern European countries, communities on both sides of the...
Persistent link: https://www.econbiz.de/10013316041
Foreign aid from China is often characterized as ‘rogue aid' that is not guided by recipient need but by China's national interests alone. However, no econometric study so far confronts this claim with data. We make use of various datasets, covering the 1956-2006 period, to empirically test to...
Persistent link: https://www.econbiz.de/10013120232