Showing 1 - 10 of 69
The EU has recently entered accession talks with five transition economies of eastern Europe. Membership in the EU …
Persistent link: https://www.econbiz.de/10010260508
This paper examines the FDI flows towards two regions in the periphery of Europe: the Central and Eastern European countries (CEECs) and the countries of Southern Europe. We investigate whether evidence exists for FDI diversion from Southern Europe to the CEECs. A cursory observation of recent...
Persistent link: https://www.econbiz.de/10010260618
lengthen the maturity of foreign debt, as short-term debt is typically considered to be highly volatile. The transition … experience of the transition economies with liberalizing short-term capital flows, and it analyzes factors affecting the share of … Auslandsverschuldung verlängern kann. Für die Transformationsländer Zentral- und Osteuropa scheinen politische Lehren in dieser Beziehung …
Persistent link: https://www.econbiz.de/10010295719
effect. Based on additional simulations of the expected flows to ten transition economies, we conclude that for the EU …
Persistent link: https://www.econbiz.de/10010260439
This paper surveys the theoretical and empirical evidence on capital account convertibility and assesses its relevance for the reform states of Central and Eastern Europe. Its major findings are that domestic investment conditions matter and that domestic policies can reduce the risk of an...
Persistent link: https://www.econbiz.de/10010275477
This paper applies the arguments of institutional economics to the issue of banking system reform. Institutional reforms are of particular importance in the financial sphere because banking operations were heavily restricted under central planning and, at the same time, banks are assigned a...
Persistent link: https://www.econbiz.de/10010275521
The development of financial markets in the emerging market economies of Eastern Europe is considered one of the crucial elements of the overall reform process. Under central planning, banks used to be passive recipients of orders from the planners; they did not engage in any credit screening...
Persistent link: https://www.econbiz.de/10010313127
1) Stability Oriented Monetary and Prudential Policies in EU Accession Countries, by Michael C. Bonello 2) Ensuring Financial Stability: Global and European Perspectives, by Fabrizio Saccomanni 3) Foreign Bank Ownership: A Bonus or Threat for Financial Stability? by Claudia M. Buch, Jörn...
Persistent link: https://www.econbiz.de/10011689910
Die Öffnung der mittel- und osteuropäischen Staaten hat deutschen Investoren neue Investitionsmöglichkeiten eröffnet. Gleichzeitig bietet der Import ausländischen Kapitals für die Reformländer einen Weg zu einer effizienten Faktorakkumulation. In diesem Papier untersuchen wir die...
Persistent link: https://www.econbiz.de/10010377638
Anhand der Reihenfolgentheorie lassen sich die wichtigsten Bereiche der Politik identifizieren: institutionelle Reformen, fiskale und monetäre Stabilisierung, Reform der Finanzmärkte, Liberalisierung des Handels und des Kapitalverkehrs sowie die Privatisierung. Die Verschärfung von...
Persistent link: https://www.econbiz.de/10000415830