Tags → Finance
- Lessons From the Russian Crisis: Five Years After
-
May 15, 2007 09:50
The paper analyses to what extent some fundamental distortions and problems (e.g. weak financial discipline on enterprise level, fragile banking sector, flaws in fiscal federalism, inefficient social programs), which led to August 1998 crisis, have been really cured, and whether the Russian economy prone to another crisis.
- Proposals for the development of micro-finance institutions in Belarus
-
May 15, 2007 09:50
The paper proves that the best way to improve access to financing of small business development is to promote the development of microfinance.
- Financial Crisis in Moldova - Causes and Consequences
-
May 15, 2007 09:51
The report starts with analyzing the monetary reforms of 1993-1997, unsustainable fiscal policy of 1993-1997 are discussed afterwards and the crisis of 1998 with consequences and policy responses will be described in the last chapter.
- Microfinance Development in Uzbekistan
-
May 15, 2007 09:51
The report provides analysis of the current condition of microfinance process in Uzbekistan and recommendations on the key directions of further development of microfinance sector. Specific attention is paid to development of non-government microfinance institutions.
- Judging the Sustainability of Czech Public Finances
-
May 15, 2007 09:51
The paper deals with the concerns of economists about the future development of Czech public finances.
- Financial Accelerator Effects in the Balance Sheets of Czech Firms
-
May 15, 2007 09:51
This paper examines a financial accelerator hypothesis analyzing the determinants of firm-level interest rates.
- On Martingale Diffusions in Financial Markets
-
May 15, 2007 09:51
This paper discusses a position of fundamentals and their influence to the economic stability.
- Fiscal Transparency and Policy Rules in Poland
-
May 15, 2007 09:51
This paper discusses the link between the deficit bias in public finance and institutional settings.
- Financial Systems and Financial Reforms in CIS Countries
-
May 15, 2007 09:51
This paper deals with major reforms in bank and non-bank financial institutions after 1991 and the major trends in the CIS financial sectors.
- Sources for financing domestic capital - is foreign saving a viable option for developing countries
-
May 15, 2007 10:32
This paper proposes a new method for measuring the degree to which the domestic capital stock is self-financed.
- Key Issues of Governance and Finance of Kyrgyz Education
-
May 15, 2007 09:53
The paper analyzes the governance structure and the financing of Kyrgyz education, with special emphasis on the general secondary education system.
- The Financing of Georgian Education
-
May 15, 2007 09:53
The paper analyzes Georgian education finance and show that it is embedded in the overall structure of Georgian rayon finances, reflecting all their weaknesses: inequalities, lack of transparency, unmanageability, room for corruption.
- Financial Crisis in Moldova Causes and Consequences
-
May 15, 2007 09:53
The current paper describes the introduction of the national currency and monetary stabilisation observed in Moldova in years 1993-1997 and its consequences.
- Fiscal policy and organization of public finances in Georgia.
-
May 15, 2007 09:53
This publication deals with organization and management of public finances, where changes in organizing budget process and taxing are particularly discussed. Also, the paper discusses budget policy and ways to balance the budget.
- How Can Financial System Spur Growth in Transition Economies
-
May 15, 2007 09:53
This paper was prepared within the Economic Policy Institutes Network program. The study aims to introduce the interrelation between finance and real sector dynamics, combining these relations both in short and long-term.
- The Role of Credit in the Development of Small and Medium-Sized Enterprises in Belarus: Estimating the State of the Microfinance Sector
-
May 15, 2007 09:53
This publication discusses the results of the research on the access to credit by small and medium-sized enterprises (SMEs) in Belarus, and the role of microfinance and credit unions in this process.
- The dynamic adjustment towards target capital structures of firms in transition economies
-
May 15, 2007 09:54
This paper studies the capital structure dynamics of central and eastern European firms to better understand the quantitative and qualitative development of financial systems in this region. The dynamic model used endogenises the target leverage as well as the adjustment speed towards these targets. It is applied to microeconomic data for 10 countries. We find that during the transition process firms generally increased their leverage, lowering the gap between actual and target leverage. Profitability and age of firms are the most robust determinants of their capital structure targets. Older firms attract more bank debt, whereas profitability decreases firms’ leverage targets. While banking system development has in general enabled firms to get closer to their leverage targets, information asymmetries between firms and banks are still important. As a result, firms prefer internal finance above bank debt (pecking order behaviour) and adjust leverage only slowly.
- Bridging the gaps? Private sector development, capital flows and the investment climate in south-eastern Europe
-
May 15, 2007 09:54
This paper provides an overview of private sector activity and investment in south-eastern Europe (SEE). The importance of the private sector is growing in all countries of the region. The private sector is dominated by small and medium-sized enterprises (SMEs) and much economic activity takes place in the untaxed informal sector. Lack of finance is a key constraint for enterprises. Foreign inflows, therefore, play a crucial role in providing a source of finance for new investment.
- Financial structures to promote private sector development in south-eastern Europe
-
May 16, 2007 14:41
This paper investigates the extent to which the financial sector in south-eastern Europe (SEE) responds to the needs of the local private sector. It does so through an analysis of the sources of finance used by enterprises when making fixed investments, and by looking at the level of banking intermediation and the (lack of) development of the non-banking financial sector. Enterprises in SEE are found to rely mainly on internal funds to finance expansion.
- Taxes, competition and finance for Albanian enterprises: evidence from a field study
-
May 16, 2007 14:41
This paper analyses the results from a survey conducted in 1999 of more than 100 enterprises in Albania. The main finding of the survey is that registered businesses regard competition from the informal sector as the most important problem they face in doing business. Unregistered firms have a significant advantage because they are able to evade the relatively high tax burden.
- EPIN members
-
-
ACIPS
-
Center for Economic Research
-
Center for Social and Economic Research
-
Center for Strategic Studies and Reforms
-
Center of Strategic Research
-
Economic Policy Institute "Bishkek Consensus"
-
Economics Education and Research Consortium
-
Economics Institute
-
Institute for Development and Social Initiatives
-
Institute for Economic and Social Reforms
-
Institute for Privatization and Management Research Center
-
Institute for Scientific Research on Economic Reforms
-
Institute for the Economy in Transition
-
Institute of Economic Studies
-
Institute of Economic Studies (Tajikistan)
-
International Center for Economic Growth, European Center
-
National Institute of Strategic Planning and Economic Development
-
Public Policy Research Centre
-
Regional Education Network Association
-
- Popular keywords
-
- Agriculture
- Albania
- Asia
- Azerbaijan
- Balance
- Bank
- Belarus
- BiH
- Budget
- Bulgaria
- Business
- CEE
- CIS
- Capital
- Central
- Corporate
- Corruption
- Credit
- Crisis
- Croatia
- Currency
- Czech
- Developing
- Development
- EPIN
- EU
- Economic
- Economy
- Education
- Energy
- Enterprise
- Environment
- Europe
- Exchange
- Export
- FDI
- Finance
- Firm
- Fiscal
- Forecast
- GDP
- Gas
- Georgia
- Governance
- Growth
- Health
- Hungary
- Industrial
- Industry
- Inflation
- Information
- Integration
- Investment
- Issues
- Kazakhstan
- Kyrgyzstan
- Labour
- Law
- Macedonia
- Macroeconomic
- Market
- Microeconomic
- Migration
- Moldova
- Monetary
- Montenegro
- Oil
- Pension
- Poland
- Policy
- Political
- Politics
- Poverty
- Price
- Privatization
- Public
- Rate
- Reform
- Risk
- Romania
- Russia
- SEE
- SME
- Serbia
- Slovakia
- Social
- Society
- Socio-economic
- Soviet
- Tajikistan
- Tax
- Trade
- Transition
- Turkmenistan
- Ukraine
- Unemployment
- Union
- Uzbekistan
- WTO
