It must be admitted that in modern economies, financial systems play an important role in allocating scarce resources, helping channel individual or household savings to the corporate sector, and allocate funds among companies. The two main pillars of the financial system are the banking system...

The recent admission of Slovakia into the Economic and Monetary Union (EMU) stands in sharp contrast with the considerable difficulties faced by Hungary with the fulfillment of the Maastricht criteria. This is a puzzling development for two reasons: first, during the early phase of the...

Some years ago one would have predicted very different scenarios for Slovakia and Croatia. The difference was twofold. On the one hand, both paths have shaped significantly different from the previous expectations. On the other hand, the paths of the two have been very different from each other,...

The present paper consists of an extensive description of recent migration in the 8 new European Union member countries which accessed the EU on May 1st, 2004. Since 1989 all of these countries experience an unique shift from socialist to market economy. The paper attempts to capture an...

The following report is an attempt at analysing the situation of Polish immigrants on the Italian labour market prior to and after Poland's accession to the European Union. The relatively short period that has elapsed since May 1st 2004 and, consequently, a scarce number of materials and sources...

Throughout the history of the European Union quite a few cases of transformation of typical emigration countries into countries of both emigration and immigration have been noted. This regards Italy (end of 60s/beginning of 70s), Ireland (end of 80s/beginning of 90s), Greece (in the 80s) and...

Countries in Central and Eastern Europe seem to be slower than other European countries in reversing their migration character - from net emigration to net immigration. In the past, migratory movements were governed by political events and institutional constraints that impeded free access to...

During last decade Poland has been experiencing large outflow of Polish people intensified after 1 May 2004. This paper contains an in-depth analysis of latest migration from Poland with major focus on the accession of Poland to the European Union and its effect on propensity to migrate. Three...