In this paper we analyse the impact of monetary policy on total bank lending in the presence of a developed market for foreign currency denominated loans and potential substitutability between domestic and foreign currency loans. Our results, based on a panel of four biggest Central European...

For more than ten years, formerly centrally-planned economies of Central and Eastern Europe (CEE) have endeavoured to redress their environmental problems. For most CEE countries, the record of accomplishments is mixed. One of the least successful areas of reform has been cleanup and restoration...

This paper considers the education of the labour force based on an analysis of trends in and the relationships between job polarization and skills mismatch. Both job polarization and skills mismatch have become topics of increasing interest, but relationships between the two have been relatively...

Our basic question is whether elderly people (pensioners) are among the losers or the winners of the economic transition, in particular in the reforms of the pension systems in Central-Eastern Europe (CEE). The aim of this paper is descriptive. However the descriptive task is not an easy one...

The theory of human capital clearly states that the investments into the education bring many benefits and are worth the cost. The OECD Education at a Glance analysis provides support for both public and private investing in tertiary education as the net present value is positive for all...

Bei der vorliegenden Untersuchung hadelt es sich um eine zeitlich begrenzte Kurzrecherche, nicht um eine breit angelegte Studie. Zur Erforschung des aufgezeigten Gegenstandes wurden die Interviews in 12 Konzernen durchgeführt, die bereits in der Studie 'Lehrjahre des europäischen Betriebsrats'...

Using large firm-level data sets from the Czech Republic, Slovakia, Poland and Hungary, we show that the wage behavior of firms changed considerably as these economies launched their transitions to a market system. We find evidence of worker sharing in their enterprise rents and losses at the...