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Transition economies, such as the countries in Southeast Europe, face an expeditious institutional transition from a centrally planned to a market economy. The state withdraws from its monitoring function, which results in institutional voids that affect the economy in general and small and...
Persistent link: https://www.econbiz.de/10014019387
In this paper we argue that, for a group of converging economies of the European Union, participation in the euro area has been associated with easier access to financing by domestic economic agents. Easier access to financing was a significant impulse leading to a sharp increase in households'...
Persistent link: https://www.econbiz.de/10012778006
We argue that the existence of large amounts of specific human capital makes costly and slows down the adjustment in the labor market after large reallocation shocks. To illustrate this point we build a theoretical framework in which young agents' career is heavily determined by initial...
Persistent link: https://www.econbiz.de/10013318030
This book tells the story of the euro crisis in Cyprus from the inside. Written by the former Governor of the Central Bank of Cyprus, Panicos Demetriades, who was in office during this turbulent period, this book shows how the crisis unravelled through a series of key events that occurred during...
Persistent link: https://www.econbiz.de/10012397536
This study analyzes trade specialization patterns in the enlarged European Union with a special focus on the new EU member states and the cohesion countries. Empirical findings on revealed comparative advantage and a broader picture of competitiveness on the single market are presented from a...
Persistent link: https://www.econbiz.de/10013520596
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in the successor states of former Yugoslavia and Albania during their transition and EU integration years, from 1990 …: Kosovo: Can Decentralisation Resolve Ethnic Conflict? -- Part IV: Albania: Struggling with the Legacy of Extreme … Centralisation -- Chapter 9: Albania: Aligning Territorial and Fiscal Decentralisation -- Part V: Conclusions -- Chapter 10 …
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