It is well known that the over-publicized financial crisis has endangered, and continues to do so,the wellbeing and even the survival of most companies, both worldwide and in Romania. In the present paper I intend to analyse, in both comparison and dynamics, for the last three years of crisis...

This paper analyzes whether Turkish firms experienced a credit crunch at the outset of the global crisis. Our hypothesis is that if a credit crunch was experienced in Turkey, firms that are more dependent on external finance for investment and working capital must have been affected more...

The present economic crisis bears all the familiar hallmarks of the financial, debt-related and structural aspects of current account crises. All these aspects have lasting level effects and recovery can be very protracted. Export-led growth was an important feature of the recovery period...

Summary Continued weak external demand and uncertain recovery of investments will allow for only modest growth prospects for the countries of Central, East and Southeast Europe (CESEE) this year. Slovenia, Croatia and the Czech Republic will remain in recession. Russia, Ukraine and the Baltic...

The paper investigates the effect of crisis on households’ welfare and severity of poverty in Ukraine. We use Ukrainian Household Survey for three years – 2006, 2009, and 2010 that allows us to investigate separately economic conditions before, during and after the crisis. Welfare in our...

Abundant natural resources brought Iceland a systemically overvalued currency, with adverse effects on the secondary tradable sector. During 2003-08 another national treasure the sovereign's AAA rating, was used to attract foreign capital, elevating the real exchange rate even further. The...

This article unearths the determinants of the volatility of aggregate and firm-level production proxied by output and turnover respectively. This article re-visits Comin and Mulani's Note on the diverging trends between aggregate and firm volatility. Similarly to their conclusions, I establish...

The overly accommodating monetary policy is often accused of creating surplus liquidity and bubbles on the asset markets. In particular, it could have contributed to strong capital inflows in emerging countries, which may have had a significant impact on financial stability in these countries,...

The global economic and financial crisis has raised further concerns about the euro-entry criteria, in addition to other factors, such as the effective tightening of the criteria due to the enlargement of the EU from 12 to 27 members, the highly unfavourable property of business cycle...

This paper reviews the expected effects of the current financial crisis and subsequent recession on the rural landscape, in particular the agri-food sector in Europe and Central Asia (ECA) on the basis of the structure of the rural economy and of different organisations and institutions....