CEECs are characterised by a significant presence of foreign banks and by a marked dependence upon financing from foreign bankers. We show that this situation leaves these countries open to two types of financial risk, which have grown throughout the present decade. The first relates to the...

With one more year before the 2015 deadline for achieving the Millennium Development Goals, the 2014 Global Hunger Index report offers a multifaceted overview of global hunger that brings new insights to the global debate on where to focus efforts in the fight against hunger and malnutrition....

This article examines the impact of the banking sector development on households’ saving dynamics in the emerging economies of Eastern Europe. For this purpose, we use the mean group FMOLS estimator to estimate the saving function augmented with variables characterizing three dimensions of the...

CEECs are characterised by a significant presence of foreign banks and by a marked dependence upon financing from foreign bankers. We show that this situation leaves these countries open to two types of financial risk, which have grown throughout the present decade. The first relates to the...

This paper reports the first empirical evidence that fiscal reform efforts in transition countries have positive effects. Using the EBRD BEEPS I and II data, reported in 1999 and 2002, rigorous econometric models are estimated showing that the share of bribes paid to tax collectors is reduced in...

A large number of countries have recently experienced competitive shocks: sudden increases in the role that market forces play in determining the evolution of various industries. In this paper, we study the implications of Poland's competitive shock for three elements of the structure of that...

Le rapport de l’Indice de la faim dans le monde 2014 – neuvième édition – propose une mesure multidimensionnelle de la faim au niveau national, régional et mondial. Le GHI 2014 montre les progrès effectués en matière de réduction de la faim depuis 1990, mais des efforts restent à...

Die globale Hungersituation hat sich seit 1990 verbessert, wie der Welthunger-Index 2013 anhand von Daten aus dem Zeitraum 2008–2012 zeigt. Der WHI ist um ein Drittel gesunken. Dennoch ist die weltweite Hungersituation nach wie vor "ernst". 870 Millionen Menschen hatten laut Schatzungen der...

Ein Jahr bevor die Frist zur Erreichung der Millenniums-Entwicklungsziele im Jahr 2015 abläuft, bietet der Welthunger-Index (WHI) einen facettenreichen Überblick über die Verbreitung des Hungers und trägt neue Erkenntnisse darüber in die weltweite Debatte, wie Hunger und Mangelernährung...

The three countries took different stances in regards to economic policy; the Czech Republic pursued a shock therapy regime which aimed to stabilise the economy, Hungary’s policy was more relaxed whilst Poland had an aggressive reform programme. Regarding monetary policy the Czech Republic...