One year is not enough time to draw conclusions about independent Slovenia's prospects, and it may not be easy for other countries to copy Slovenia's model. Slovenia is ethnically homogeneous, culturally and historically compatible with the West, and near (and somewhat protected from)friendly...

The purpose of this paper is to show that Yugoslav firms have also been subjected to massive, pervasive redistribution through a soft budget constraint. To quantify such redistribution, the authors focus particulary on the redistributive effects of holding financial assets and liabilities in an...

Croatia employed macroprudential measures to manage credit growth and capital inflows during the boom years of the 2000s, including reserve requirements on loan growth, a marginal reserve requirement on increases in foreign liabilities, foreign exchange liquidity minima, and elevated capital...