In this paper, I try to show and emphasise how China has adopted alternative economic policies in the transition and in the evolution of its financial system. In fact, the step by step or gradualism approach followed is in contrast to the fashionable idea that indiscriminately prescribes...

The purpose of this paper is to present a theoretical framework to analyse and understand the reasons behind Foreign Direct Investment (FDI) decisions in Bulgaria, during its transition to a market economy. The analysis points out that the process concerning investment decisions in Bulgaria has...

The debate over the role of ethics in transition economies is part of a larger debate concerning the interaction of state and markets in East Europe. This paper demonstrates the suitability of the institutional approach and the methodological disadvantages of the neoclassical theory concerning...

The Western Balkan countries are characterised by a long period of transition to the market economy followed by their intention to integrate into the European Union. There are many benefits encouraging them to integrate and, in this paper, we are going to show the impact of the integration into...

While Serbia had initiated the establishment of the two-tier banking system earlier than most of the South East European (SEE) countries (in 1965), the banking reform actually began later than these countries (after 1999). The main reasons to account for that were: 1) very adverse initial...

Our paper comes in the course of the New Institutional Economics which emphasises the supremacy of institutional reforms on the economic framework. Recently, measures and proxies notions of 'governance' and 'institutions' have stimulated empirical research in economics and political science. The...

While Serbia had initiated the establishment of the two-tier banking system earlier than most of the South East European (SEE) countries (in 1965), the banking reform actually began later than these countries (after 1999). The main reasons to account for that were: 1) very adverse initial...

Our paper comes in the course of the New Institutional Economics which emphasises the supremacy of institutional reforms on the economic framework. Recently, measures and proxies notions of 'governance' and 'institutions' have stimulated empirical research in economics and political science. The...

The growth of efficiency and profitability are basic goals of every bank management. The prevailed opinion is that these aims can be realised through the growth in scale and scope of their business operations. This growth can be internal – by increasing the scope and the number of own...

Corporate governance has become an increasingly important issue in recent years, both as a result of corporate scandals and because more than 20 transition economies in the former Soviet Union, Eastern and Central Europe are in the process of converting their economies from a central planning...