On 1 May 2004 eight former socialist countries - Estonia, Latvia, Lithuania, Poland, the Czech Republic, the Republic of Slovakia, Hungary and Slovenia - joined the European Union. In the accession year the new EU member states have experienced powerful macroeconomic dynamics, and convergence of...

Reliable information on small and medium sized enterprises (SMEs) is rare and costly for financial intermediaries. To compensate for this, relationship banking is often considered as the appropriate lending technique in the case of SMEs. In this paper we offer a theoretical model to analyze the...

Reliable information on small and medium sized enterprises (SMEs) is rare and costly for financial intermediaries. To compensate for this, relationship banking is often considered as the appropriate lending technique in the case of SMEs. In this paper we offer a theoretical model to analyze the...

On 1 May 2004 eight former socialist countries - Estonia, Latvia, Lithuania, Poland, the Czech Republic, the Republic of Slovakia, Hungary and Slovenia - joined the European Union. In the accession year the new EU member states have experienced powerful macroeconomic dynamics, and convergence of...