Two or three decades from now, economic historians will note that a hallmark of successful transformation in Central and Eastern Europe (CEE) was the speed in which it became a non-issue for the body politic. A corollary of this is the expectation that, as formerly centrally planned economies...

This paper investigates the appropriate exchange rate regimes, both prior to and following European Union accession, for those former centrally planned Central and Eastern European countries that are currently candidates for full membership in the European Union (1). The exchange rate regime is...

In contrast to many other accession countries of Central and Eastern Europe (CEECs), the Czech Republic experienced a shorter and less severe transition recession in the first half of the 1990s. The decline in output lasted two years and by 1995, real GDP had returned to its 1989 level....

From the single-tiered banking system of the late 1980s, still ruled by the communist party, Eastern Europe's financial system has evolved towards one which EU countries have long been accustomed to. Central and Eastern European Countries (CEEC) are now on the brink of EU membership, and...

A healthy and developing financial sector is a key support to balanced and sustainable economic growth. And as the countries of central Europe - the Czech Republic, Hungary, Poland, Slovakia, and Slovenia - approach EU membership and ultimately adoption of the euro, the litmus test for financial...

Capital markets are - by definition - a fairly new phenomenon for countries that started embracing capitalism a little more than ten years ago. More specifically, the first securities exchanges in Central and Eastern Europe (CEE) opened at the beginning of the 1990s and the last had been set up...

The paper uses a gravity trade model to examine the impact of corruption on bilateral trade using a data set comprising OECD economies, new EU members and developing nations. Although the level of corruption of both the importing and exporting nations does hinder cross-border transactions,...

A source of anxiety of policy makers and the public in general is the detrimental impact of trade and immigration on unemployment. The transitory restrictions for worker migration after the EU enlargements of 2004 and 2007 exemplify the supposed negative effect of immigration on labor markets....