threshold models. We model deposit euroization (DE) and credit euroization (CE) in Croatia, a post-transition country recording …

Ireland) and four transition countries (Bulgaria, Croatia, the Czech Republic, and Estonia). In addition to testing for … nonlinearities, they explore house price determinants in these four transition countries of Central and Eastern Europe. Asymmetric … house price adjustment is present in all transition countries and the USA, while no threshold effects are detected in …

We extend the scarce evidence on the labor supply in post-transition countries by estimating the wage elasticity of …

Undue emphasis on short-term macroeconomic goals in transition countries impedes structural change, often resulting in … reforms become more urgent, and more costly. Many of those who benefit from partial reforms often oppose the full completion … of reforms. Social costs are thus raised as governments have to finance explicit and implicit state guarantees while …

This article provides a general account of the Polish transition from socialist central planning to a market economy … and tries to explicate the main causes of the relative success of this transition. The second section offers an overview …-policy measures and the subsequent reaction of enterprises and banks. The ?four reforms? (health service, education, social security …

The author highlights the striking difference between the economic transition of the Czech Republic and Hungary. These … important reforms since 1997 directed at accelerating modernization in both the real and the financial sectors. The pattern of …