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Foreign Direct Investment and Structural Reforms : Evidence From Eastern Europe and Latin America

Kinoshita, Yuko - 2008

This paper investigates the role of structural reforms -financial reforms, trade liberalization, and privatization- as determinants of FDI inflows based on newly constructed dataset on structural reforms for 19 Latin American and 25 Eastern European countries between 1989 and 2004. Our main...

Persistent link: https://www.econbiz.de/10014401501

Decomposing Financial Risks and Vulnerabilities in Eastern Europe

Worrell, DeLisle - 2007

This paper assesses how various types of financial risk such as credit risk, market risk, and liquidity risk affect banking stability in the ten countries that joined the European Union most recently, and eight neighboring countries. It also examines how the quality of supervisory standards may...

Persistent link: https://www.econbiz.de/10014401160

Absorption Boom and Fiscal Stance : What Lies Ahead in Eastern Europe?

Rahman, Jesmin - 2010

This paper estimates revenue and expenditure pro-cyclicality with respect to output and domestic absorption in new member states of the European Union and Croatia to assess whether these countries used the boom years of 2003-07 to create sufficient fiscal space. The current crisis has found many...

Persistent link: https://www.econbiz.de/10014402878

Implications of EMU for Exchange Rate Policy in Central and Eastern Europe

Kopits, George - 1999

In view of the requirements of Stage 2 of European Monetary Union (EMU) for accession to the European Union, this paper examines the desirability for, and the ability of, the lead candidates in Central and Eastern Europe to participate in the new exchange rate mechanism (ERM2) and eventually in...

Persistent link: https://www.econbiz.de/10014403432

Real Convergence to EU Income Levels : Central Europe From 1990 to the Long Term

Jiang, G. - 2001

The paper discusses factors likely to shape the nature and pace of economic growth of five Central European transition countries now engaged in accession to the European Union. It is organized around the standard growth accounting framework. The paper reviews the growth of these countries since...

Persistent link: https://www.econbiz.de/10014403601

Macroeconomics of Migration in New Member States

Bems, Rudolfs - 2008

This paper examines the macroeconomic impact of migration on income convergence in the EU''s New Member States (NMS). The paper focuses on cross-border mobility of labor and examines the implications for policymakers with the help of a general equilibrium model. It finds that cross-border labor...

Persistent link: https://www.econbiz.de/10014401328

Finance and Convergence : What's Ahead for Emerging Europe?

Schellekens, Philip - 2007

This paper singles out the key short-term risks and medium-term challenges related to finance and convergence in emerging Europe. With the help of a general equilibrium theoretical framework, the paper identifies pragmatic directions for policymakers. While the ""speed limits"" to capital...

Persistent link: https://www.econbiz.de/10014400318

The Second Transition : Eastern Europe in Perspective

Leigh, Daniel - 2009

The countries of Eastern Europe achieved two remarkable transitions in the short period of the last two decades: from plan to market and, then, in the run-up to and entry into the European Union, they rode a wave of global trade and financial market integration. Focusing on the second...

Persistent link: https://www.econbiz.de/10014404272

Productivity Growth and Structural Reform in Bulgaria : Restarting the Convergence Engine

Pouvelle, Cyril - 2012

Labor productivity levels in Bulgaria lag well behind that in the EU, weighing on the convergence process. Stronger … productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural … productivity suggest that for Bulgaria closing the gap with EU standards in the areas of institutional and infrastructure quality …

Persistent link: https://www.econbiz.de/10014396587

Interpreting Real Exchange Rate Movements in Transition Countries

International Monetary Fund - 2001

that these appreciations reflect underlying productivity gains in the tradable sector. Using panel data over the period … 1993-98, the results show clear evidence of productivity-driven exchange rate movements in the central and eastern European … expect to experience further productivity-driven real exchange rate appreciations. Evidence from a large cross-section of non …

Persistent link: https://www.econbiz.de/10014403602