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 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...

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...

AbstractThe following sections are included:Political Reasons for EnlargementBeyond Economic ChallengesPolitical Challenges: Large versus Small StatesLack of HegemonyThe End of a Dynamic?The limits of western deepeningAgricultural policyComparing CEE and Southeast AsiaBeyond enlargementConclusion

AbstractThe following sections are included:EU Cross and Trans-Border CooperationThe initial model: La Grande regionThe Euro-regionBeyond Enlargement Policy: Stabilizing Unsecured Borders with the ENP“No institutions”The Macro-Regions“3 nos”: No new institutions, no new rules, no new...

AbstractThe following sections are included:Regionalization from a Comparative Perspective: Conditions for Reform and a Comparison of CEE and Southeast AsiaVarieties of EU regionalizationSoutheast AsiaCultural, Political and Economic Regionalism: Further Comparison of EU and Asian...

AbstractThe following sections are included:The Theoretical FrameworkPolitical and economic dimensions of corruptionInfant, father, client and boss: Patronage and neo-patrimonalismThe European Transition Period“Red privatization”Domestic transformation in CEE: Privatization policyThe role of...