Showing 1 - 10 of 28
threshold models. We model deposit euroization (DE) and credit euroization (CE) in Croatia, a post-transition country recording …
Persistent link: https://www.econbiz.de/10009216653
We extend the scarce evidence on the labor supply in post-transition countries by estimating the wage elasticity of …
Persistent link: https://www.econbiz.de/10009251309
This paper investigates the determinants and dynamics of deposit euroization (DE) in twelve European post-transition …
Persistent link: https://www.econbiz.de/10010665469
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 …
Persistent link: https://www.econbiz.de/10009399036
This paper discusses central bank losses and develops a formal framework for assessing the sustainability of its balance sheet. Analyzing the consequences of economic convergence in depth, it emphasizes the role played by the risk premium and equilibrium real exchange rate appreciation. A...
Persistent link: https://www.econbiz.de/10004969843
Undue emphasis on short-term macroeconomic goals in transition countries impedes structural change, often resulting in …
Persistent link: https://www.econbiz.de/10008549665
Persistent link: https://www.econbiz.de/10008549703
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 … section identifies the relative merits of the Polish economic transition. Five facets of success are cited: the ?shock therapy …
Persistent link: https://www.econbiz.de/10008549732
The authors focus on income from the monopoly rights to issue money accruing to central banks in a transitional environment. The authors introduce a general method to compute the value of this ability and provide a tentative valuation in the Czech case. The range of the estimates demonstrates...
Persistent link: https://www.econbiz.de/10008549754
The author highlights the striking difference between the economic transition of the Czech Republic and Hungary. These …
Persistent link: https://www.econbiz.de/10008549820