The Balassa-Samuelson effect is usually seen as the prime explanation of the continuous real appreciation of central and east European (CEE) transition countries' currencies against their western counterparts. The response of a small country's real exchange rate to various shocks is derived in a...

The economic changes during transition involved a shift away from the planned foreign trade organization within the council for mutual economic assistance. Following a phase of farreaching trade policy liberalization, the agricultural sector in the Central and Eastern European countries (CEEC)...

Die Erwartungen an die EU-Osterweiterung sind sehr breit gefechert. Viele Anpassungen haben sich schon in den neunziger Jahren vollzogen, da viel Handelsbarrieren abgebaut wurden. In den Dienstleistungsmärkten werden sich Veränderungen wegen verschiedener Barrieren nur langsam vollziehen. Die...