Comparative Economic Studies

INTRODUCTION A firm that relies on bank credit can choose whether to borrow from just one bank or...

INTRODUCTION Mass privatization (MP) programs have been carried out in many transition countries, including Bulgaria, Russia and the...

INTRODUCTION 'The Way We Were' is a fitting subject for a Presidential address of the Association for Comparative...

Developing resilience to contagion effects from global financial crises and economic recessions has been an ongoing crucial task...

INTRODUCTION Volatility shocks associated with the global financial crisis of the period 2007-2009 have magnified extreme risks in...

INTRODUCTION The purpose of this paper is to investigate whether the balance sheet of the private sector has...

INTRODUCTION Between 1996 and 2003, emerging market economies all over the world experienced major financial crises with both...

BACKGROUND The opening of the Soviet archives renewed academic interest not only in the history of the Soviet...

INTRODUCTION Since the establishment of the Soviet Union in the 1920s, various attempts at building socialist economies have...

INTRODUCTION It is well-demonstrated in the literature that the presence of efficient financial intermediaries and stock markets contributes...

INTRODUCTION Economic transition was a period of economic, political, and social change in all of the countries of...

INTRODUCTION The late 1980s and early 1990s brought about a historical transformation to the people of Eastern Europe...