In this paper we explore the evidence that would establish that Dutch disease is at work in, or poses a threat to, the Kazakh economy. Assessing the mechanism by which fluctuations in the price of oil can damage non-oil manufacturing—and thus long-term growth prospects in an economy that...

In this paper, we investigate whether the Balassa-Samuelson (B-S) effect holds for the Czech Republic, Hungary, Poland, Slovakia and Slovenia during the transition process. The co-integration analysis suggests that the importance of the B-S effect does differ across countries. Generally, we can...

In this paper we explore the evidence that would establish that Dutch disease is at work in, or poses a threat to, the Kazakh economy. Assessing the mechanism by which fluctuations in the price of oil can damage non-oil manufacturing - and thus long-term growth prospects in an economy that...

We analyze interrelations between three stock markets in Central and Eastern Europe and, in addition, interconnections which may exist between Western European (DAX, CAC, UKX) and Central and Eastern European stock markets (BUX, PX-50, WIG20). The novelty of our paper rests mainly on the use of...

The aim of the paper is to analyse the disinflationary process in Hungary which took place in the second half of the 1990s. After the implementation of the so-called "Bokros" austerity package in early 1995, a crawling peg exchange rate regime has been adopted by the Hungarian authorities. We...

We analyze comovements among three stock markets in Central and Eastern Europe and, in addition, interdependence which may exist between Western European (DAX, CAC, UKX) and Central and Eastern European (BUX, PX-50, WIG-20) stock markets. The novelty of our paper rests mainly on the use of...

The aim of the paper is to analyse the disinflationary process in Hungary which took place in the second half of the 1990s. After the implementation of the so-called "Bokros" austerity package in early 1995, a crawling peg exchange rate regime has been adopted by the Hungarian authorities. We...

In this paper we explore the evidence that would establish that Dutch disease is at work in, or poses a threat to, the Kazakh economy. Assessing the mechanism by which fluctuations in the price of oil can damage non-oil manufacturing and thus long-term growth prospects in an economy that relies...