The aim of this paper is to develop a comprehensive analysis of the shock therapy model of transition. As such the model requires an analysis of what I define as the primary elements: economic analysis, definition of a good society, speed, political structure, ideological structure and initial...

The aim of this paper is to develop a comprehensive analysis of the shock therapy model of transition. As such the model requires an analysis of what I define as the primary elements: economic analysis, definition of a good society, speed, political structure, ideological structure and initial...

Political economy literature acknowledges the importance of democratic learning and of fiscal rules in preventing politically driven deficits. This paper investigates the role of these factors for the Political Budget Cycles in the ten Central and East European (CEE) countries from 1990 to 2010....

In this paper, we employ a block structured near-vector autoregression in order to compare the reactions to euro area shocks in four new member states (Bulgaria, Hungary, Czech Republic and Romania) and in the old member states of the EU. The methodology adopted also allows us to study the...

Globalisation in the recent times has resulted in increased interdependence between the countries. While the process of globalisation holds the promise of development for all, it has been argued by various researchers that situation on ground is otherwise. There is considerable disagreement...

The relation between worker autonomy, transformational leadership, and cultural intelligence has rapidly increased in importance in recent years (e.g., Earley and Ang, 2003; Harris et al., 2004; Hofstede and Hofstede, 2005; Mead, 2005; Peterson, 2004). The ability to work effectively with members of an...

The paper focuses on the monetary transmission process in selected Central and Eastern European Economies assuming their future accession to the Euro Area. A sufficient degree of homogeneity between these countries and the Euro Area with respect to economic environment and the reaction to...