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Berger, Helge; Haan, Jakob de; Inklaar, Robert - 2003

Soon, euro area membership could more than double, with the vast majority of accession countries being quite different in economic terms compared with current members. Under the current decision-making system, this can lead to high decisionmaking costs and there is a risk that monetary policy...

Persistent link: https://www.econbiz.de/10011511101

Income inequality and oligarchs in Russian regions : a note

Fidrmuc, Jarko; Gundacker, Lidwina - 2017

We trace the rise of the so called oligarchs in post-Soviet Russia and examine their relationship to income distribution in Russia. When Russia moved to a market economy in the 1990s a new business elite evolved. Russia's distinctive path towards market economy, among other factors, gave rise to...

Persistent link: https://www.econbiz.de/10011646801

Privatizations spark socialist backlash : evidence from East Germany's transformation

Hager, Anselm; Hennicke, Moritz; Krause, Werner; … - 2022

lackluster economic performance? This paper points to the rushed privatization of East European economies as one plausible driver …

Persistent link: https://www.econbiz.de/10013418954

Does pension privatization increase economic growth? : evidence from Latin America and Eastern Europe

Altiparmakov, Nikola; Nedeljkovic, Milan - 2016

Analyses of pension funding effects on economic growth need to differentiate between "carve-out" pension privatization … evidence that pension privatization in Latin America and Eastern Europe was associated with higher economic growth. The result … particularly unlikely in countries resorting to debt-financed privatization. Furthermore, we note the lack of positive pension …

Persistent link: https://www.econbiz.de/10011536201

Political connections, state ownership and productivity in China

Harris, Richard I. D.; Hashimzade, Nigar; Ding, Sai - 2016

Subordination of business to political influence has remains pervasive in China. We construct a Schumpeterian-type model of growth with managerial time allocation between productive activities and building up political connections. The model predicts the impact of different patterns of state...

Persistent link: https://www.econbiz.de/10011571621

EMU enlargement, policy uncertainty and economic reforms

Hefeker, Carsten (contributor) - 2006

Persistent link: https://www.econbiz.de/10003364637

Meta-analysis of the business cycle correlation between the euro area and the CEECs

Fidrmuc, Jarko (contributor); Korhonen, Iikka (contributor) - 2006

We review the literature on business cycle correlation between the euro area and the Central and Eastern European countries (CEECs), a topic that has gained attention as the newest EU members approach monetary union. Our meta-analysis of 35 identified publications suggests some CEECs already...

Persistent link: https://www.econbiz.de/10003301362

Exchange rate volatility and employment growth : empirical evidence from the CEE economies

Belke, Ansgar; Setzer, Ralph - 2003

According to the traditional 'optimum currency area' approach, not much will be lost from a very hard peg to a currency union if there has been little reason for variations in the exchange rate. This paper takes a different approach and highlights the fact that high exchange rate volatility may...

Persistent link: https://www.econbiz.de/10011509536

The enlargement of the European Union and the redistribution of seigniorage wealth

Feist, Holger - 2001

In the course of the EU enlargement process, the participation of accession countries in the European Monetary Union might lead to a significant redistribution of seigniorage wealth if current regulations prevail. In general, accession countries will be winners from this redistribution, for...

Persistent link: https://www.econbiz.de/10011397787

On optimal currency areas and common cycles : are the acceding countries ready to join the euro?

Grimm, Louisa; Steinkamp, Sven; Westermann, Frank - 2021

The former EU president Jean-Claude Junker has proposed that all countries of the European Union should also adopt the euro as their currency and recent research has shown that countries currently pursuing this goal indeed fulfill the classical Optimal Currency Area (OCA) criterion of positively...

Persistent link: https://www.econbiz.de/10012506932