The paper is based on a broader study of three authors: Mlcoch, Machonin and Sojka. The underestimation of institutions both formal and informal ones, including business ethics was the key weakness of ex-Prime Minister Václav Klaus Czech way of transition during 1989-99. Then, the rhetoric of...

The article outlines the historical roots of bonds and bond-market institutions in the Czech Republic. The survey begins in early 20th century, during the Habsburg monarchy, carries through the First Republic of Czechoslovakia and the preceding post-Second World War socialist era, and culminates...

The authors consider the current exchange-rate regime in the Czech Republic as the Czech economy prepares for entry into the EU and the EMU. The macroeconomic impacts of a single-currency regime are classified according to traditional OCA theory. Using quantitative measures, the authors find the...

This paper is focused on analyzing the impacts of the governmental initiatives as a response to the global economic crisis on the private sectors in different countries. Macroeconomic and microeconomic backgrounds of the crisis are discussed at the beginning in order to understand its roots and...

The paper deals with investigations of regulations that enhance business activity. Business activity should be without any impediments along to the current economic approach. Index of Economic Freedom from The Heritage Foundation and Ease of Doing Business from The World Bank are used for this...

Der Zerfall der Planwirtschaft in der Tschechischen Republik 1989 brachte grundlegende Veränderungen für die tschechische Zuckerindustrie mit sich. Durch eine erfolgreiche Restrukturierung sollte die Konkurrenzfähigkeit der Unternehmen in der Marktwirtschaft erreicht werden. Die...

The aim of this paper is to explore the link between credit and output in the context of a developed transition economy. Salient credit market features of these economies are (i) credit market imperfections leading to constraints on growth and (ii) the rapidly growing importance during...

This volume contains the output of country research undertaken in Slovenia in 2000-2001 by a team directed by Andreja Bohm and Marko Simoneti under the international comparative project "Secondary Privatization: the Evolution of Ownership Structures of Privatized Enterprises". The project was...

This volume contains the output of country research undertaken in Poland in 2000-2001 by Barbara Blaszczyk, Michal Gorzynski, Tytus Kaminski and Bartlomiej Paczoski under the international comparative project "Secondary Privatization: the Evolution of Ownership Structures of Privatized...