The paper seeks to assess how a major policy regime change – such as the introduction of the currency board in Bulgaria – affects the flow of bank credit to the corporate sector. An attempt is made to identify the determinants of corporate credit separately from the viewpoint of lenders and...

Under perfect competition and constant returns to scale, firms producing homogeneous products set their prices at their marginal costs which also equal their average costs. However, the departure from these standard assumptions has important implications with respects to the derived theoretical...

This series of enterprise case studies grew out from a 1995-1996 research project at IIASA. It acknowledged the importance of export development for the recovery of the economies of Central and Eastern Europe following their deep transformational recession in 1990-1994. The main goal was a...

This Thesis consists of six Chapters.Chapter I provides an overview of the economic theories of discrimination,summarises the existing empirical work with respect to gender and ethnicity wagedifferentials, presents a discussion on equal opportunities policies, and highlights themerits of matched...

This study sets out the potential costs and benefits of a move to a licensed, taxed and regulated cannabis market in England and Wales. It identifies at least 17 sources of social cost/benefit and gives indicative estimates of annual net external benefit for 13 of them. We stress the important...