We investigate the impact of fiscal variables on bond yield spreads relative to US Treasury bonds in the Czech Republic, Hungary, Poland, Russia and Turkey from May 1998 to December 2007. To account for the importance of market expectations we use projected values for fiscal and macroeconomic...

The seven largest emerging market economies -China, India, Brazil, Russia, Mexico, Indonesia, and Turkey- constituted more than one-quarter of global output and more than half of global output growth during 2010-15.These emerging markets, which we call EM7,are also closely integrated with other...

The aim of the paper is to analyse the vulnerability of the Central and Eastern European accession countries to the EU as well as that of Turkey and Russia to a financial crisis. Our methodology is an extension of the signals approach. We develop a composite indicator to measure the evolution of...

Das Schwarze Meer ist ein Spannungsfeld. Es ist Schauplatz der Russland-Nato-Konfrontation und Projektionsfläche der russischen und türkischen Vorstellungen einer regionalen Ordnung. Die Sonderrolle der Türkei in der Region ergibt sich in erster Linie aus der Umsetzung des Vertrags von...

Die Wirtschafts- und Finanzkrise von 2008 hat die EU-Erweiterungspolitik für den Westbalkan (WB) ins Wanken gebracht. Spätestens seit dieser Zeit ist in der Region ein stärkeres Engagement wirtschaftlicher Akteure aus Nicht-EU-Ländern wie China, Russland, der Türkei oder den Vereinigten...

I study the business practices of the Comédie française, the main theater in Paris, between 1680 and 1793. The theater was an actors' partnership and operated within a (contested) oligopoly. Newly available data provide revenues by price category for over 32,000 performances. Attendance varied...

Squicciarini (AER, 2020) finds that the parts of France with the most refractory clergy during the Revolution had the lowest industrial employment in 1901, and concludes that Catholicism retarded development. However, because the richest regions were the ones that industrialized, whereas the...

The notion of the 'Silk Road' that the German geographer Ferdinand von Richthofen invented in the 19th century has lost attraction to scholars in light of large amounts of new evidence and new approaches. The handbook suggests new conceptual and methodological tools for researching ancient...

This article analyzes the economics of badmouthing in the context of the pre-1914 French capital market. We argue that badmouthing was a means through which racketeering journals sought to secure property rights over issuers' reputation. We provide a theoretical study of the market setup that...