Notes that macro‐economic policy faces the same challenges in both developing and post‐socialist economies: to reduce inflation while achieving or maintaining stable economic growth. Moreover, there are developing countries like Argentina which succeeded in overcoming a type of institutional...

Abstract Latin American countries could only avoid to fall further behind their East Asian competitors if they adopt neo-liberal reforms. This is because external help cannot substitute for internal reforms and because Latin American countries lack the basis for cooperative policy implementation...

This paper uses a Markov regime-switching model to assess the vulnerability of a series of Central and Eastern European countries (ie Czech Republic, Hungary, Slovak Republic) and two CIS countries (ie, Russia and Ukraine) during the period 1993–2004. For the new EU member states in Central...