We use the analogy of ecological succession as our conceptual framework. We apply this analogy to the history of foreign banks in Bulgaria and argue that the current predominance of foreign banks is unlikely to be permanent, even without government action. Foreign banks have entered Bulgaria...

We study the development of wealth concentration in Sweden over 130 years, from the beginning of industrialization until present day. Our series are based on a wide array of new evidence from estate- and wealth tax data, estimates of foreign and domestic family firm-wealth and of pension and...

This paper examines the correlation structure between asset returns and unemployment surprises. Using UK data, it is possible to study this relationship not only over the more economically stable post WWII period, but also during the Great Depression. It is shown that the correlation between...

E tanulmány témája a készpénz nélküli fizetési forgalom centrumainak, a regionálisnál nagyobb jelentőségű pénzpiacoknak az integrációja. Ennek bemutatásához a különböző pénzpiacok közötti egyelőre még nagyon általános értelemben vett váltóárfolyam-jegyzések...

Political and economic transition is often blamed for Russia's 40% surge in deaths between 1990 and 1994. Highlighting that increases in mortality occurred primarily among alcohol-related causes and among working-age men (the heaviest drinkers), this paper investigates an alternative...