Some ten years ago, Michael Dooley (Dooley, 1997; Dooley, 2000) put forwardan insurance model of currency crises, which after some modifications gives a goodtheoretical basis for explanation of the overall dynamics of the post communist transformationand diversity across countries and periods. The...

[...]This paper examines the recent recession, with particularattention given to developments in the labor market and in UI program financing. Its three objectives are to describedevelopments in the macroeconomy and in the labor marketthat have relevance for UI funding issues, to present...