Emerging countries in many cases are more crisis-prone than highly developed industrialized countries. This is in many cases due to a weak or volatile financial sector. The best policy to strengthen crisis resistance is the building up of a sound financial position. A sound financial position of...

Das Thema Korruption erlangt seit einigen Jahren zunehmend die Aufmerksamkeit nationaler und internationaler Institutionen. Wie es dazu kam, welche neuen Messinstrumente entwickelt wurden, was die wichtigsten Einflussgroessen in den Transformationslaendern sind sowie die Bedeutung unzureichender...

This paper examines the impact of oil on economic growth in transition economies of the former Soviet Union (FSU) and Central and Eastern Europe (CEE). We use oil production and reserves data in a series of panel estimations to show that oil has had strong and robust positive growth effects...

The Baltic economies were severely hit by the global financial crisis. Gross Domestic Product has contracted considerably. Naturally, it asked what went wrong with the "Baltic economic model". This paper surveys the programme of comprehensive economic reforms in the Baltic countries (the case of...

Paper reviews India's growth performance since independence. Phrases suchas "Hindu Rate of Growth," sometimes make a telling comment and expose obscureeconomic data to a wider audience, but they can just as readily obscure reality byfocussing attention on the wrong issue. There is nothing in the...

In this paper we analyse old-age retirement decisions of Slovenian men and women eligible to retire in the period 1997-2003. In comparison to established market economies, we find relatively high hazard rates of retirement that decline with age. This peculiar pattern can be partly attributed to...

There is a widespread consensus that trade policy reforms in the successor states of the former Soviet Union in general and in Russia in particular are subject to major obstacles which are larger than in Central and Eastern European transformation countries. The following paper discusses some...