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Germany and the Czech Republic, Hungary, Poland, and Slovakia (the CE4) have been in a process of deepening economic … relatively small. This is explained by the supply chain nature of trade integration: final demand in Germany is not necessarily … integration which has lead to the development of a dynamic supply chain within Europe—the Germany-Central European Supply Chain …
Persistent link: https://www.econbiz.de/10012667496
Persistent link: https://www.econbiz.de/10009486317
Financial markets in the CE4 countries are still shallow compared to other advanced EU countries. While the government bond markets are comparable in size, measured by capitalization in percent of GDP, the private bond, private credit, and equity markets lag behind. Empirical analysis in this...
Persistent link: https://www.econbiz.de/10014400861
Analysis on macroeconomic determinants of protection in the Czech and Slovak Republics, Hungary, and Poland, while …
Persistent link: https://www.econbiz.de/10014401207
This paper presents calculations of the efficiency with which value-added taxes are collected in five transition economies in Central and Eastern Europe. Actual VAT revenues in 1994 are compared with those that would have resulted if the statutory VAT rates had been applied without any revenue...
Persistent link: https://www.econbiz.de/10014395799
The paper looks at the hypothesis that financial market liberalization can create a basis for more stable exchange rates, as deviations of exchange rates from equilibrium levels bring forth stabilizing flows of liquidity. This ""endogenous liquidity"" hypothesis suggests that opening financial...
Persistent link: https://www.econbiz.de/10014404080
and Czech crises is muted, the pattern of high-frequency spillovers during the Russian crisis looks very similar to that …
Persistent link: https://www.econbiz.de/10014399957
Estimation and simulation of sustainable real exchange rates in some of the new EU accession countries point to potential difficulties in sustaining the ERM2 regime if entered too soon and with weak policies. According to the estimates, the Czech, Hungarian, and Polish currencies were overvalued...
Persistent link: https://www.econbiz.de/10014400630
five CECs-the Czech Republic, Hungary, Poland, the Slovak Republic, and Slovenia-empirical results on the basis of a …
Persistent link: https://www.econbiz.de/10014404134
consistent message in five out of six observations in our 2000-05 sample of Chile, the Czech Republic, Hungary, Poland, Thailand …
Persistent link: https://www.econbiz.de/10014401995