Examines the impacts of organizational governance on the outreach capabilities and sustainability of microfinance institutions (MFIs) in Central and Eastern Europe and the Newly Independent States. Microfinance institutions are NGOs, banks, credit cooperatives, or nonbank financial institutions...

An empirical neoclassical growth model reveals that foreign investment incrementally contributed to the economic transition of 27 countries in Central and Eastern Europe during the transition period 1989 to 2003. The model departs from the theoretical and applied growth literatures by estimating...