Die Volkswirtschaften der Schwellenländer: Beziehung zwischen Liberalisierung und Leistung Die Kernaussage dieses Beitrags besteht darin, dass der Fortentwicklung und Liberalisierung der Finanzsysteme von Schwellenländern signifikante Wachstumsimpulse beizumessen sind. Deregulierung schafft...

This paper investigates the impact of capital flows on bank risk-taking behavior. It undertakes two levels of empirical estimations, namely (i) single-country industry-level; and (ii) multi-country industry-level estimations, covering emerging market economies. The results suggest that capital...

This study examines the effects of bilateral exchange rate on trade flows in the WAMZ and assesses the role of complementarity trade structures in enhancing intra-WAMZ trade. The modified gravity model is used to assess whether efforts by WAMZ countries to facilitate transactions in national...

We examine the role of the international credit channel in Turkey over 2005–2013. We show that larger, more capitalized banks with higher non-core liabilities increase credit supply when capital inflows are higher. This result is stronger for domestic banks relative to foreign banks and...

The objective of this paper is to assess how the level of unionisation and the rigidity of the exchange rate affects wages and monetary policy in South-East Europe and the Commonwealth of Independent States, with a particular focus on the recent economic crisis. Towards that end, a New Keynesian...

Aim: This paper studies the concept of sustainable development, which has been overly present in recent times on global arena of debates about issues most pressing to humanity in variety of contexts, political, legal, social and environmental. It has been appropriated by governments and NGOs...

To benefit from the newly established EU Recovery and Resilience Facility (RRF), the Visegrád countries - Czechia, Slovakia, Hungary, and Poland - have submitted their national recovery plans. The Czech and Slovak plans have already been approved by the EU, paving the way for the up-front...

Echoing Antràs & Rossi-Hansberg (2009), there is a much scope to study the dynamic impact of the international organisation of production on the evolution of knowledge, the distribution of skills, and other country-specific characteristics. This research scope indeed brings my attention to the...

The Visegrád economies have been hit hard by the COVID-19 pandemic, especially its second wave. In response, macroeconomic policies have been markedly relaxed, with fiscal stimulus packages reaching up to 14% of GDP in Poland and Czechia. The projected recovery of the Visegrád economies from...

Ein funktionierendes Gemeinwesen, individuelle Teilhabe und die Bewältigung von Krisen – all das ist ohne die erfolgreiche Erbringung von Dienstleistungen in kritischen Bereichen nicht denkbar. Das Projekt „Gesellschaftlich notwendige Dienstleistungen sicherstellen: Ist Arbeit am Gemeinwohl...