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The importance of analysing inflation sources and dynamics in Bulgaria is imposed by (i) the long run process of price and inflation convergence to the Euro area and (ii) by the Currency Board operating in the country. In this study we make an attempt to estimate Balassa - Samuelson (BS) effect...
Persistent link: https://www.econbiz.de/10009476770
The paper seeks to assess how a major policy regime change – such as the introduction of the currency board in Bulgaria – affects the flow of bank credit to the corporate sector. An attempt is made to identify the determinants of corporate credit separately from the viewpoint of lenders and...
Persistent link: https://www.econbiz.de/10009476775
common to other monetary regimes do not arise. Using daily data from the interbank markets in Bulgaria and Lithuania we show …
Persistent link: https://www.econbiz.de/10009430031
Lithuania, and the change in incentives given to less efficient farms by the introduction of SAP. …
Persistent link: https://www.econbiz.de/10009444836
In this paper we examine how firms change their resources in response to exogenous shocks in their business environment. Building on core ideas from the literatures on organizational imprinting and firm resources, we suggest that founding conditions differentially imprint firm resources. These...
Persistent link: https://www.econbiz.de/10009476799
dydis, apskritis. The purpose of the study: to evaluate the extent of tax evasion practices in Lithuania ("wages in …
Persistent link: https://www.econbiz.de/10009478373
planning and ask about differences in job creation across two different transition economies: Estonia, which experienced rapid …
Persistent link: https://www.econbiz.de/10009476680
the view that efficiency considerations drive ownership changes (while earlier analysis for Estonia and for many other …
Persistent link: https://www.econbiz.de/10009477234
, ethnic groups, and workers with different skill levels. As Estonia entered recession in 2008, the unemployment rate almost … will be a key adjustment mechanism during the recession as well as in the medium term if Estonia is to become a knowledge …
Persistent link: https://www.econbiz.de/10009477390
From 2000 to 2007, Estonia was one of the fastest growing emerging market economies. A housing boom, fuelled by capital … board limited the Bank of Estonia’s ability to curb credit growth, while the fiscal policy framework amplified the cycle … tightened lending standards and capital outflows. Estonia is now in a severe recession. To restore high and sustainable growth …
Persistent link: https://www.econbiz.de/10009477392