Korean Abstract: 본 연구는 사회주의에서 자본주의로 체제전환을 경험했던 체코 및 헝가리 그리고 동독의 금융개혁 및 통합 사례를 검토한다. 특히 이 연구에서는 체제전환국의 금융체제 이행과 통합의 주요 과제를 이원적...

This paper uses the Russian Longitudinal Monitoring Survey (RLMS) to analyse the dynamics of moonlighting by the working-age population. We find that moonlighting is transitory and that a desire to switch jobs expressed in the past is positively related to moonlighting in the present and to...

This paper uses a household survey of the Romanian informal economy to analyse the effects of poverty on informal economy participation. We begin by developing a simple theoretical model, which shows that the participation is driven by low income and the gap between desired and actual income...

This paper analyzes relationships among money, barter, and inflation in Russia during the transition period. Following the development of a theoretical framework that introduces barter into a standard macroeconomic model for a small, open economy, we estimate the model using structural...

Wage arrears are widespread in Russia, and are one of the main causes of uncertainty in the labour market. In this paper, we use the Russian Longitudinal Monitoring Survey over the period 1994-98 to construct a new and improved measure of household income risk, based on the uncertainty due to...

This article uses material which has recently been made available from Russian archives to analyse the causes of repressed inflation in the Soviet consumer market. It finds that retail price subsidies, which increased as a proportion of state budget expenditure from 4 per cent in 1965 to 20 per...

Does decentralization exacerbate Chinese corruption? This study uses unique quasi-experiments of “province-managing-county” and “county-power-expansion” reforms in China from 2003 to 2015 to investigate this question. Improving the measures of corruption, decentralization, and...

This paper investigates whether ideological indoctrination by living in a communist regime relates to low economic performance in a market economy. We recruit North Korean refugees and measure their implicit bias against South Korea by using the Implicit Association Test. Conducting double...