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This paper is showing that Serbia in the nineties was an interesting case of postsocialist transformation in spite of … the greatly blocked transition. The key sign of the post-socialist transformation has been the formation of a new … relations in Serbia began in the 1990-1991. period, with limited privatization of some 40% of all former “socially owned …
Persistent link: https://www.econbiz.de/10005652646
In this paper we address the two following questions: (1) what are the major sources of real exchange rate fluctuations in developing countries? (2) do economic policy makers have room to face possible real exchange rate fluctuations? To answer these questions, we estimate a structural VAR model...
Persistent link: https://www.econbiz.de/10005652684
China's reform worked and produced one of the most impressive growth in the largest developing and transition economy … developing and transition economy that has great growth potential, it is not enough to study the conventional "best … initial conditions and to function as stepping stones in the transition toward the goal. Underlying China's reform is a serial …
Persistent link: https://www.econbiz.de/10005207885
Exchange rate stability was defined as one of the prerequisites for monetary integration in Europe. In this paper, we analyze recent developments in the volatility of exchange rates of the Central European countries (the Visegrad Group) and a selected group of European Union countries (the...
Persistent link: https://www.econbiz.de/10005207889
The purpose of this paper is to study the equilibrium real exchange rate (ERER) in 5 CEE transition economies, namely … among the 5 transition countries. …
Persistent link: https://www.econbiz.de/10005207893
This paper introduces labor market transition as an intervening process by which the macro institutional transition to … so in the later phase of reform. The diversity of transition scenarios is attributed to rural-urban differences in labor …
Persistent link: https://www.econbiz.de/10005207896
The objective of the paper is to analyse the nominal and real convergence process in Estonia drawing on the Balassa-Samuelson (B-S) framework. A 15-sectoral breakdown for GDP and a 5-digit level CPI data disaggregation with over 260 items is used for the period 1993:Q1 to 2002:Q1 to show that...
Persistent link: https://www.econbiz.de/10005207900
Transition has entailed the introduction of policies to stimulate product market competition, to establish effective … EBRD-World Bank Enterprise survey of over 3,000 firms in 25 transition countries to test for interaction effects between …
Persistent link: https://www.econbiz.de/10005207902
How do economic policies and institutions affect job reallocation processes and their consequences for productivity growth? This paper studies the extreme case of economic system change and alternative transitional policies in the former Soviet Republics of Russia and Ukraine. Exploiting annual...
Persistent link: https://www.econbiz.de/10005207903
Only a successful implementation of an overall reform program will enable Russian banks to provide financial intermediation and assist in the country's development from a nascent market economy to a mature financial system. The chances for reform are better now than at any time during the last...
Persistent link: https://www.econbiz.de/10005207904