This paper describes the effects reforms have had on industry's dispersion in Russia. We show that the start of relocation activity is temporally closely associated with the beginning of reform, lacks a clear industrial pattern and does not correlate with the output loss of industries. We also...

The main objective of this paper is to explain the phenomena of persistent inflation in Romania through the use of a simple empirical model which highlights the links between inflation and the government budget deficit. We discuss the importance of using a proper definition of the public sector...

This paper uses the flow approach to investigate the way in which the transition of the Czech and Slovak economies influences the regional labour markets in the two countries. From estimates of matching functions we conclude that in most regions the labour markets are still in transition. We...

This paper studies private sector development in transition economies. To address this issue, many economist have focused on the issue of privatization, assuming that privatization is a proxy for private sector development. But as the experience of countries such as Poland has revealed,...

A survey of the current situation in the financial system of the Czech Republic is given on a relevant historical background. Special attention is drawn to the transformation of the banking sector during the economic reforms of 1990-1996. The situation on the capital market is discussed in...

The "special relations" between banks and non-financial companies, that take form analogous to the industrial groups in the Western economies, are becoming an important feature of the economies. The commercial banks in the Central and Eastern European countries play an important role, often...

This paper deals with one important problem that all transition economies, Albania included, are facing in the way of transforming their economies towards market oriented one, i.e. unemployment and regional differences in it. As elsewhere in transition countries, in Albania unemployment displays...