The external balance sheets of many emerging market countries are distinguished by their holdings of assets primarily in the form of foreign debt and foreign exchange reserves, while their liabilities are predominantly equity, either foreign direct investment or portfolio equity. We investigate...

How has the Great Recession shaped the institutional landscape of peripheral European market economies? Looking at the dynamic institutions of Romanian capitalism the paper finds evidence of the further transformation of this economy during the 2000s away from incoherent “cocktail...

The paper attempts to do a comprehensive analysis on how spending patterns were affected by the most severe economic crisis since the oil shocks in the 70's. We have attempted to see which services have been significantly affected by the crisis, and whether social spending has risen and managed...