It is often assumed that international labor migration from Tajikistan, while having no noticeable effects on investment (usually defined as medium and long-term con- sumption, such as education, or investment into housing or business), on average leads to an increase in short-term consumption,...

Differences in regional unemployment in post-communist economies are large and persistent. We show that inherited variation in human-capital endowment across the regions of four such economies explains the bulk of regional unemployment variation there and we explore potential explanations for...

We investigate the effects of regional and industrywide foreign presence and foreign direct investment (FDI) on export volumes of Ukrainian manufacturing firms using unpublished panel data from 19962000. Foreign presence through FDI may have negative competition effects on domestic firms'...

This study is intended to assess the introduction of increased capitalization requirements for Ukrainian insurance firms. To do so, we employ up-to-date frontier efficiency analysis The analysis suggests that an increase in size occurs not only because of the regulator's requirements, but also...

Our study investigates the link between bank lending behavior and macroeconomic uncertainty. We develop a dynamic model of a bank's value maximization that results in a negative relationship between loan to capital ratio and macroeconomic uncertainty. This proposition is tested using a panel of...