This study provides a broad overview of the private housing market in central and eastern Europe and some of the CIS – its history, current conditions and implications for the overall economy. It highlights regional differences, describes the different policy choices that have been made, and...

Migrant remittances are an increasingly important source of income for the transition economies. For many of these economies, remittances are the largest type of international financial inflow and are larger than either capital inflows or official development assistance. These remittance inflows...

This study examines residential house price trends in the East European economies. The data are described and evaluated in terms of their quality and reliability; both official data from national statistical offices and that compiled by real estate companies are used. Current prices are...

The eurozone is in political and economic crisis. This is due to the inadequate design of the institutional structure of the eurozone and to the current poor implementation of macroeconomic policy. In designing the eurozone, well established principles of economics were ignored and major...

This paper describes how the global financial crisis of 2007-2010 impacted trade both globally and more specifically for the European emerging economies, which in terms of GDP decline, were the most negatively impacted economies in the world. Just as with GDP, the trade of the European emerging...

This study provides a broad overview of the private housing market in central and eastern Europe and some of the CIS - its history, current conditions and implications for the overall economy. It highlights regional differences, describes the different policy choices that have been made, and...

Europe's economic performance has deteriorated continuously over the last two decades both in terms of its unemployment and its labor force participation rate; more recently its productivity has declined relative to the United States. This is due to a complex interaction between the how these...

This paper argues that the currently established welfare criterion used in international trade theory results in conclusions that are not only intellectually dishonest and deceptively misleading but are not as value free as is commonly believed. This is the result of using the Hicks-Kaldor...

This paper discusses some broad conceptual challenges that need to be addressed in order for the world to benefit more from the ongoing process of globalization. At the broadest level, the theme of this paper is that globalization requires a complementary institutional infrastructure that needs...

This paper shows how the process of outsourcing results in economic changes in factor usage and productivity in developed countries that might be misinterpreted to be biased skilled-labor using technological change. Presented at the 13th International Conference,Istanbul, San Antonio, Texas, May...