Sometimes, missing the boat is a blessing. Unlike a number of other Asian economies, and despite prodding by both industry participants and the international financial institutions, Viet Nam did not rush to put in place legislative frameworks to facilitate securitisation. Forgotten in the rush...

This paper presents evidence for structural differences in economic growth dynamics between the current EU and the central- and eastern European accession countries. Two important results emerge from the analysis. First, accession countries have posted higher average growth and wider output...

We quantify the degree of persistence in unemployment rates of transition countries using a variety of methods benchmarked against the EU. In part of the paper, we work with the concept of linear u0093Hysteresisu0094 as described by the presence of unit roots in unemployment. Since this is...