The primary goal of monetary policy in most economies of the world is to achieve and maintain price stability. This paper evaluates price developments and consumer price indices in south-eastern European countries, i.e. countries that have either recently joined the EU or are candidate or...

The paper first reviews the main drivers of the growth and real convergence process in central, eastern and south-eastern Europe (CESEE) since 2000 and assesses the key macro-financial strengths and vulnerabilities of the region at the beginning of the global economic and financial crisis. The...

Bayern verfügt über eine lange Tradition enger Beziehungen zu Südosteuropa (SOE). Seit Jahrzehnten existieren, trotz der politischen Umbrüche, stabile und lebendige Beziehungen zwischen den beiden Regionen. Schon in den siebziger Jahren hat die Bayrische Staatsregierung...

Diversity, or variety, is the essence of economic life in the sense of underlying choice; economic calculation gives numerical substance to how people make choices in their daily endeavours, either as consumers or entrepreneurs. How does variety/diversity takes shape in the realm of institutions...

Due to the increasing European import dependency, significant additional natural gas volumes will be required. In addition to the Nord Stream pipeline, the Nabucco and South Stream pipeline are projects planned for the next decade to provide further gas supplies to the European market. As one of...

The economic profiles of southern Mediterranean countries (SMCs) bear some resemblance to those of south-eastern European countries and some former Soviet republics at the beginning of their economic transition in 1990. The SMCs resemble less the former communist countries that joined the...

This paper examines the effect of transition and of political instability on FDI flows to the transition economies of Central Europe, the Baltics and the Balkans. We find that FDI to transition economies unaffected by conflict and political instability exceed those that would be expected for...

TABLE OF CONTENTS: Preface - I. DEVELOPMENT ECONOMICS - 1. GUNTHER GRATHWOHL: The Macroeconomic Structure of Less Developed Countries ... 3 - II. RESEARCH ON THE ALBANIAN ECONOMY - 2. ARJETA ABAZI: Albania and its Monetary Transmission Mechanism ... 27 - 3. DORIANA DERVISHI: The Countries of...

Very little is known about gender wage disparities in Kosovo and, to date, nothing is known about how such wage disparities evolve over time, particularly during the first few years spent by young workers in the labor market. More generally, not much is known about gender wage gaps in early...