The aim of the paper is a comparison of economic policies in Estonia and Hungary before and during the recent financial and economic crisis and the results of the policies. Such a comparison is justified by a crucial similarity of the economies of both countries; they are small, open economies...

The 2008-09 global economic crises have shown that no country is immune to external challenges. When policy controls are missing or not used efficiently, crises can reverse progress even in advanced economies. This unexpected outcome has increased concerns about the ability of governments in...

En el documento se busca cuantificar el avance del proceso de reforma estructural en Costa Rica, Honduras, El Salvador, Guatemala, Nicaragua y Panamá, y en cinco áreas: política comercial, política tributaria, política financiera, reducción relativa del tamaño del Estado y legislación...

This paper examines the impact of Federal Funds rate (FFR) surprises on stock returns in the United States over the period 1989-2009, focusing on the impact of the recent financial crisis. We find that prior to the crisis, stock prices increased as a response to unexpected FFR cuts. State...