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The Development of Insolvency Procedures in Transition Economies : A Comparative Analysis

Balcerowicz, Ewa - 2009

building efforts. But their approach to insolvency and their determination to use the insolvency process as a selection … mechanism have varied widely. The aim of the paper is two fold. Firstly, we identify the role of insolvency procedures in TEs … insolvency legislation in Bulgaria, Croatia, Czech Republic, Hungary, Poland and Romania, emphasising their inherent features and …

Persistent link: https://www.econbiz.de/10013157699

Reforms in Eastern Europe and the Former Soviet Union in Light of the East Asian Experiences

Sachs, Jeffrey - 2010

During the past five years, there has been an important international debate over the style of market reforms in the former centrally planned economies of East Asia, Eastern Europe, and the former Soviet Union. The economic performance across regions, summarized in Table 1, could not be more...

Persistent link: https://www.econbiz.de/10014203641

Western Aid Conditionality and the Post-Communist Transition

Dabrowski, Marek - 2009

The political and economic collapse of communism in the Eastern Europe and the former Soviet Union has created enormous challenge for Western democracies. The challenge has been not that of providing financial developmental aid although it is very important for countries facing the double...

Persistent link: https://www.econbiz.de/10014203645

The Economics of Bankrupcy, Reorganisation and Liquidation : Lessons for East European Transitional Economies

Hashi, Iraj - 2009

The purpose of this paper is to analyse the economic implications of the bankruptcy procedures in Western market economies with a view to draw appropriate lessons for the transitional economies of Central and Eastern Europe. In Section II, we shall discuss the bankruptcy procedures in four major...

Persistent link: https://www.econbiz.de/10014203648

Comparing Financial Systems, Problems of Information and Control in Economies in Transition

Grosfeld, Irena - 2009

Article describes Central and East European Countries (CEEC) in which in the absence of capital market the performance of enteprises was determined by real variables, financial flows being adjusted to real flows. The lack of a full fledged financial system has often been identified as one of the...

Persistent link: https://www.econbiz.de/10014203711

The Puzzles of Fairly Fast Growth and Rapid Collapse Under Socialism

Gomulka, Stanislaw - 2010

The national statistics and international comparisons based on purchasing power parities suggest that the Former Soviet Union (FSU) in the years 1925-75 and Central and Eastern Europe in the years 1945-80 experienced economic growth comparable to that of many market-based economies of similar...

Persistent link: https://www.econbiz.de/10014203839

The State of Public Finance in Post-Socialist, Central European Economies - A Comparison with the European Union Countries

Kosterna, Urszula - 2009

On December 16, 1991 Poland signed an Association Agreement with the European Communities which came into force on February 1, 1994. The remaining countries of the Wyshegrad Group (Hungary, and the Czech and Slovak Republics) also signed such agreements with the European Union. It is...

Persistent link: https://www.econbiz.de/10014203969

The Nature of the Fiscal Crisis in Transition Countries

Bauc, Jaroslaw - 2010

Fiscal stance is at the center of economic debate all over the post socialist countries. The most important issues that are more or less realized seem to be following. 1. To what extend will public sector budget deficits be monetized in the future i.e., do they eventually spell inflation?. 2....

Persistent link: https://www.econbiz.de/10014204006

Achieving Rapid Growth in the Transition Economies of Central Europe

Sachs, Jeffrey; Warner, Andrew M. - 2009

This paper describes ways that the CEEs can speed their convergence with the EU by emulating the growth strategies of the very fast growing economies. In Section II, we introduce the VFGEs, and discuss some of the sources of their superior growth performance. In Section III, we demonstrate the...

Persistent link: https://www.econbiz.de/10014204007

Fiscal Crisis in the Transformation Period - Trends, Stylized Facts and Some Conceptual Problems

Dabrowski, Marek - 2009

The purpose of this study is to describe the separate stages of the transformation in light of the basic accompanying fiscal difficulties and to formulate general conclusions regarding the factors which substantially affect the state of public finances and the quality of fiscal policy in...

Persistent link: https://www.econbiz.de/10014204008