"Anders als in den westlichen Industriestaaten stehen in den RGW-Ländern die Regelungen des Übergangs in den Ruhestand völlig unter dem Eindruck daß Arbeitskräftemangel herrsche. Sowohl die Anwendung der flexiblen Altersgrenze wie auch die Erhöhung materieller Anreize zur Fortsetzung der...

The debate on the privatization of enterprises in Eastern Europe often presumes that enterprises are still controlled by an identifiable entity called "the state". This, however, is no longer the case. Since the demise of tight central planning, the nominally state-owned enterprises are de facto...

This paper applies the arguments of institutional economics to the issue of banking system reform. Institutional reforms are of particular importance in the financial sphere because banking operations were heavily restricted under central planning and, at the same time, banks are assigned a...