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Competitiveness in Transition Economies : What Scope for Real Appreciation?

Krajnyák, Kornélia - 1997

This paper estimates equilibrium dollar wages for 15 transition economies. Equilibrium dollar wages are interpreted as full employment wages consistent with a country’s physical and human capital endowment, and estimated by regressing actual dollar wages on productivity and human capital...

Persistent link: https://www.econbiz.de/10014400527

Corruption, Structural Reforms, and Economic Performance in the Transition Economies

Abed, George T. - 2000

Recent studies have highlighted the adverse impact of corruption on economic performance. This paper advances the hypothesis that corruption is largely a symptom of underlying weaknesses in public policies and institutions, a formulation that provides deeper insights into economic performance...

Persistent link: https://www.econbiz.de/10014399961

Exchange Rate Regime Transitions

Masson, Paul R. - 2000

The “hollowing-out,” or “two poles” hypothesis is tested in the context of a Markov chain model of exchange rate transitions. In particular, two versions of the hypothesis—that hard pegs are an absorbing state, or that fixes and floats form a closed set, with no transitions to...

Persistent link: https://www.econbiz.de/10014400052

Institutional Structure and Labor Market Outcomes : Western Lessons for European Countries in Transition

Flanagan, Robert J. - 1995

Changes in economic systems provide a rare opportunity to redesign basic institutional structures in labor markets. This paper attempts to provide guidance for such institutional choice by drawing on the findings of recent labor market research in market economies on the links between...

Persistent link: https://www.econbiz.de/10014397450

Accounting Challenges for Semi-Autonomous Revenue Agencies (SARAs) in Developing Countries

Terkper, Seth E. - 2008

fiscal and financial accounting obligations. SARAs are legal entities, such as a service or a department, which are required … to prepare accrual records that may diverge from a treasury''s cash accounting records. Their records reflect revenues … generated; budget funds for generating the revenues; and material programs administered for other agencies. The accounting …

Persistent link: https://www.econbiz.de/10014401680

Crises, labor market policy, and unemployment

Bernal Verdugo, Lorenzo Ernesto; Furceri, Davide; … - 2012

Using a sample of 97 countries spanning the period 1980?2008, we estimate that financial crises have a large negative impact on unemployment in the short term, but that this effect rapidly disappears in the medium term in countries with flexible labor market institutions, whereas the impact of...

Persistent link: https://www.econbiz.de/10009572447

Labor market flexibility and unemployment : new empirical evidence of static and dynamic effects

Bernal Verdugo, Lorenzo Ernesto; Furceri, Davide; … - 2012

Persistent link: https://www.econbiz.de/10009572457

Fiscal policy and the current account : are microstates different?

Endegnanew, Yehenew; Amo-Yartey, Charles; Turner-Jones, … - 2012

This paper examines the empirical link between fiscal policy and the current account focusing on microstates defined as countries with a population of less than 2 million between 1970 and 2009. The paper employs panel regression and panel vector autoregression (VAR) on 155 countries of which 42...

Persistent link: https://www.econbiz.de/10009572529

Short-term wholesale funding and systemic risk : a global CoVaR approach

Lopez-Espinosa, German; Moreno, Antonio; Rubia, Antonio; … - 2012

Persistent link: https://www.econbiz.de/10009572535

Central bank credit to the government : what can we learn from international practices?

Jácome, Luis Ignacio; Matamoros-Indorf, Marcela; … - 2012

Persistent link: https://www.econbiz.de/10009423901

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