This paper introduces the readers to Neo-Transitional Economics – a volume which aspires to reinvigorate scholarly interest in transition economics research. The classical transition storyline is briefly revisited, and new directions for empirical and policy-relevant research that target...

This paper looks at the convergence of CEE economies to North-western Europe (Austria, Belgium, Denmark, France, Germany, Ireland, Netherlands, Norway, the United Kingdom, Sweden, and Switzerland, simplified in this study as ‘Western Europe’) in terms of indicators other than GDP, which are...

Remittances in the former Soviet Union have increased rapidly over the past decade. In some countries of the former Soviet Union, remittances have reached staggering levels. For example, in Armenia, Kyrgyzstan, Moldova, Tajikistan, and Uzbekistan remittances now account for over 10% of GDP, with...

Deficits in fiscal and current account balances in a large number of countries reveal interesting implications of the causal relationship between internal and external imbalances. Empirical evidence about the occurrence of so-called twin deficits or twin surpluses provides crucial information...

In this paper, we derive debt sustainability conditions for emerging and developing countries. Since most of these countries have foreign debt, that is, they have the so-called original sin problem, our calculations take into account both domestic and foreign debt. Our setup can be used to...