EDITOR'S INTRODUCTION TO SPECIAL ISSUE OF COMPARATIVE ECONOMIC STUDIES: 8TH DUBROVNIK ECONOMICS CONFERENCE ON CURRENCY SUBSTITUTION AND MONETARY POLICY IN EMERGING MARKET ECONOMIES: SPECIAL ISSUE EDITORS::Boris VujićDeputy Governor, Croatian National BankPaul WachtelProfessor of Economics, Stern...

Although the performance and privatisation of transition banks have been widely studied already, little is known about their risk-taking and risk management activities. We use a new European Bank for Reconstruction and Development (EBRD) survey data set of banks to examine risk taking by banks...

The role of the financial sector in economic growth received scant attention from economists until very recently. An explosion of research in the last 20 years has firmly entrenched the finance growth nexus in the canon of economic beliefs. This paper suggests that the literature might have over...