This analysis examines aggregation bias in the case of the interest rate pass-through in the Republic of Macedonia. By using bank-level data, the authors investigate whether there are heterogeneities and asymmetries in the size and speed of the adjustment of lending rates to changes in the cost...

This paper provides an empirical analysis of the association between central bank independence (CBI) and inflation for 17 Central and Eastern Europe economies from 1990 to 2009. We employ a dynamic panel data model estimated with a “system” GMM, which incorporates several control variables...

Back to the Balkans: a journey throughout history -- The process of EU enlargement toward Central and Southeast Europe: an appraisal of past developments -- Issues and perspectives of Southeast European integration process: democracy, human rights, and the rule of law -- The political economy of...