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The impact of institutional volatility on financial volatility in transition economies: a GARCH family approach
Hartwell, Christopher A. - 2014
The volatility of financial markets has been a relevant topic for transition economies, as the countries of Central and … the transition process. But what have been the determinants of this financial volatility? This paper posits that … institutional changes, and in particular the volatility of various crucial institutions, have been the major causes of financial …
Persistent link: https://www.econbiz.de/10012148723
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The impact of institutional volatility on financial volatility in transition economies: a GARCH family approach
Hartwell, Christopher A. - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2014
The volatility of financial markets has been a relevant topic for transition economies, as the countries of Central and … the transition process. But what have been the determinants of this financial volatility? This paper posits that … institutional changes, and in particular the volatility of various crucial institutions, have been the major causes of financial …
Persistent link: https://www.econbiz.de/10010752334
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Privatization and the unusual case of Belarusian accession to the WTO
Balistreri, Edward J.; Olekseyuk, Zoryana; Tarr, David G. - 2017
The accession negotiations of Belarus to the WTO are unusual since, due to its obligations in the Eurasian Economic Union, WTO accession is not expected to impact its tariffs or formerly substantial trade distorting agricultural subsidies. Nonetheless, we estimate that WTO accession will...
Persistent link: https://www.econbiz.de/10012148796
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Erosion of state power, corruption control, and political stability
Li, Weijia; Roland, Gérard; Xie, Yang - 2020
How do corruption and the state apparatus interact, and how are they connected to the political and economic dimensions of state capacity? Motivated by historians' analysis of powerful empires, we build a model that emphasizes the corrosive effect of corruption on state power. Under general...
Persistent link: https://www.econbiz.de/10012614227
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China as a regulatory state
Du, Julan; Tao, Zhigang - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2009
Market economy models differ in the degree of the power of the government vis-à-vis the market in the economy. Under the classications set forth by Glaeser and Shleifer (2002, 2003), and Djankov et al. (2003), these market models range from those emphasizing low government intervention in the...
Persistent link: https://www.econbiz.de/10008477164
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The composition and interests of Russia’s business lobbies: A test of Olson’s “encompassing organization” hypothesis
Pyle, William; Solanko, Laura - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2010
Why are some lobby groups less benign in their external effects than others? Nearly three decades ago, Mancur Olson (1982) proposed that less-encompassing lobby groups with their constituents collectively representing a narrow range of sectors are more apt to seek the types of subsidies,...
Persistent link: https://www.econbiz.de/10008525391
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Measuring central bank independence in selected transition countries and the disinflation process
Dvorsky, Sandra - 2000
transition economies striving for EU accession, namely the Czech Republic, Hungary, Poland, Slovakia and Slovenia (CEEC-5).The …-5.Moreover, the role of CBI in bringing down inflation in the CEEC-5 at different stages of transition is briefly … of CBI in the disinflation process at different stages of transition, the main causes for inflation seem to have been …
Persistent link: https://www.econbiz.de/10012148411
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The role of the new entrepreneurial private sector in transition and economic performance in light of the successes in Poland, the Czech Republic and Hungary
Winiecki, Jan - 2001
specific rules and general framework of transition, the study concludes that broad institutional fundamentals of political …
Persistent link: https://www.econbiz.de/10012148424
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Do asymmetric terms of trade shocks affect private savings in a transition economy?
Chowdhury, Abdur R. - 2003
This paper examines whether terms of trade shocks have an asymmetric effect on private savings in transition economies …
Persistent link: https://www.econbiz.de/10012148448
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The political economy of reforms: Empirical evidence from post-communist transition in the 1990s
Kim, Byung-Yeon; Pirttilä, Jukka - 2003
Using a novel data set from post-communist countries in the 1990s, this paper examines linkages between political constraints, economic reforms and growth.A dynamic panel analysis suggests public support for reform is negatively associated with income inequality and unemployment.Both the ex post...
Persistent link: https://www.econbiz.de/10012148449