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Transition economies, such as the countries in Southeast Europe, face an expeditious institutional transition from a centrally planned to a market economy. The state withdraws from its monitoring function, which results in institutional voids that affect the economy in general and small and...
Persistent link: https://www.econbiz.de/10014019387
This book tells the story of the euro crisis in Cyprus from the inside. Written by the former Governor of the Central Bank of Cyprus, Panicos Demetriades, who was in office during this turbulent period, this book shows how the crisis unravelled through a series of key events that occurred during...
Persistent link: https://www.econbiz.de/10012397536
This study analyzes trade specialization patterns in the enlarged European Union with a special focus on the new EU member states and the cohesion countries. Empirical findings on revealed comparative advantage and a broader picture of competitiveness on the single market are presented from a...
Persistent link: https://www.econbiz.de/10013520596
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Based on the experience of the Bank of Albania, the paper proposes a framework to estimate the interest rate lower …
Persistent link: https://www.econbiz.de/10011848127
is derived from the experience of Albania. The paper is the first attempt to provide an empirical measure of the optimal … level of euroization. The results indicate that euroization is trending above the estimated measure in Albania, calling for …
Persistent link: https://www.econbiz.de/10011799246
interest rates in Albania during 1993–97. The estimated parsimonious error correction model extends the findings of a growing …
Persistent link: https://www.econbiz.de/10014400757
Albania? This paper discusses the origins of the pyramid schemes and the way the authorities handled them. It also analyzes …
Persistent link: https://www.econbiz.de/10014400969
As Albania has succeeded in reducing inflation to very low levels, understanding the driving forces behind the behavior …
Persistent link: https://www.econbiz.de/10014401358