The paper tries to underline the most important aspects of the financial crisis in Romania. Taking into account the information speed, the full integration of the capital markets and the commercial integration, the economic crisis of 2008 is certainly a global one and it has repercussions not...

In recent years, Western governments and international financial institutions have urged developing countries to undertake a range of institutional reforms to attract greater investment flows and hasten socioeconomic development. But do countries with strong governing institutions and...

Through the development and analysis of four in-depth case studies of the emergence of wind power industries in two industrialised and two emerging economies, the authors develop a model of sustainable energy industry development. The model demonstrates that fundamental economic indicators are...

The growth of efficiency and profitability are basic goals of every bank management. The prevailed opinion is that these aims can be realised through the growth in scale and scope of their business operations. This growth can be internal – by increasing the scope and the number of own...

We study the role of the banking competition and of the banks' efficiency scores in the transmission of monetary policy in the 10 new European Union member-states. The banking competition is measured by H-statistics of Panzar and Rosse, and the efficiency scores are estimated by non-parametric...

South Africa, Brazil and Turkey (SABT) are among those countries that not only to continue to converge towards the per-capita income levels of highly developed nations but also to be the best candidates next to China and India of serving as the locomotives of world GDP and trade growth after the...

Corporate governance has become an increasingly important issue in recent years, both as a result of corporate scandals and because more than 20 transition economies in the former Soviet Union, Eastern and Central Europe are in the process of converting their economies from a central planning...

Capital mobility and absence of direct taxation have made Vanuatu, an attractive Offshore Financial Centre (OFC) in the Pacific, since its independence in 1980. Consequently, Vanuatu has been depending on trade taxes. As Vanuatu would become part of a Pacific free trade area by 2015, policy...

This paper observes rising unit values, prices per kilogram, of Central and Eastern European exports and argues that it is an evidence of actual rising product quality during the transition period. We arrive at this conclusion by applying a number of methods on a best available dataset for the...

The conventional measure of the Human Development Index (HDI) is a linear average in three dimensions, HDI<SUB align="right"><SMALL>1</SMALL></SUB>. This is indifferent to uniformity in attainment across dimensions. An alternative, HDI<SUB align="right"><SMALL>2</SMALL></SUB>, based on the shortfall from the ideal using Euclidean distance, addresses the above anomaly. These...</small></sub></small></sub>