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Sequential reform strategy : The case of Azerbaijan
(15.05.2000)
BOFIT Discussion Papers 8/2000
BOFIT Discussion Papers 8/2000
The aim is to review transition literature for evidence that supports sequential reform strategy, as presented in this report. The second part discusses the findings in the context of Azerbaijan, a formerly socialist ...
Real currency appreciation in accession countries : Balassa-Samuelson and investment demand
(10.07.2002)
BOFIT Discussion Papers 8/2002
BOFIT Discussion Papers 8/2002
The Balassa-Samuelson effect is usually seen as the prime explanation of the continuous real appreciation of central and east European (CEE) transition countries' currencies against their western counterparts.The response ...
The endogeneity of optimum currency area criteria, intraindustry trade and EMU enlargement
(10.04.2001)
BOFIT Discussion Papers 8/2001
BOFIT Discussion Papers 8/2001
This paper tests an endogeneity hypothesis of optimum currency area (OCA) criteria (Frankel and Rose, 1998) on a cross-section of OECD countries between 1990 and 1999.The findings indicate that convergence of business ...
Observations on disinflation in transition economies
(30.06.2004)
BOFIT Discussion Papers 5/2004
BOFIT Discussion Papers 5/2004
The transition economies were remarkably successful in curbing the inflation that took place after the initial transition and shocks and, more recently, most of the countries have brought inflation down to the levels found ...
Profitability of foreign banks in Central and Eastern Europe : does the entry model matter?
(20.05.2006)
BOFIT Discussion Papers 5/2006
BOFIT Discussion Papers 5/2006
Using data for 265 banks in Central and Eastern European Countries for the period of 1995-2003, this paper analyses the differences in profitability between domestic and foreign banks.We show that foreign banks, especially ...
S&T activities and firm performance : microeconomic evidence from manufacturing in Shanghai
(01.07.2005)
BOFIT Discussion Papers 5/2005
BOFIT Discussion Papers 5/2005
This paper examines the impact of R&D expenditure and technology import on the level and the growth of productivity, as well as on the general economic performance in manufacturing firms with various ownership structures ...
What drives financial crises in emerging markets?
(01.08.2003)
BOFIT Discussion Papers 5/2003
BOFIT Discussion Papers 5/2003
The study examines the causes of financial crises in 31 emerging market countries during 1980 2001.It estimates a probit model using 23 macroeconomic and financial sector variables.Traditional variables such as unemployment ...
Russia' banking sector transition : where to?
(07.03.2007)
BOFIT Discussion Papers 5/2007
BOFIT Discussion Papers 5/2007
This paper applies an analytical paradigm of institutional economics to the transition of the Russian banking sector, focusing on the interplay between ownership change and institutional change. We find that the state's ...
The impact of Chinese monetary policy shocks on East Asia
(02.06.2008)
BOFIT Discussion Papers 5/2008
BOFIT Discussion Papers 5/2008
We study the effects of Chinese monetary policy shocks on China s major trading partners in East Asia by estimating structural vector autoregressive (SVAR) models for six economies in the region. We find that a monetary ...
Composition of exports and cross-country corruption
(27.06.2009)
BOFIT Discussion Papers 5/2009
BOFIT Discussion Papers 5/2009
This research examines the connection between a country's export structure and corruption, incorporating disaggregated data on exports for a recent time period over a large set of nations. We ask whether various types of ...