Growth experience and prospects of Central and Eastern European countries : a synthesis. In: McMahon G, Esfahani LS, Squire L, editors. Diversity in economic growth : global insights and explanations. Northampton, MA: Edward Elgar; 2010. p. 255-87.
Growth experience and prospects of Central and Eastern European countries: a synthesis
Prepared for the World Bank GDN Global Research Project on Explaining Growth, August 2005.
Sectors, States, and the Paths of Post-Socialist Development. In: Campos N, Fidrmuc J, editors. Political Economy of Transition and Development : Institutions, Politics and Policies. Vol 5. Boston Dordrecht London: Kluwer Academic Publishers; 2003. p. 99-120. (ZEI studies in European economics and law; vol 5).
Determinants of growth in Visegrad-4. World Bank; 2000.
Stability of monetary unions: lessons from the break-up of Czechoslovakia. Journal of Comparative Economics. 1999;27(4):753-81. Abstract
Stability of monetary unions: lessons from the break-up of Czechoslovakia
In 1993, Czechoslovakia experienced a two-step breakup. On January 1, the country disintegrated as a political union, while preserving an economic and monetary union. Then, the Czech–Slovak monetary union collapsed on February 8. This paper analyzes the economic background of the two breakups from the perspective of the optimum currency area literature. The main finding is that the Czech and Slovak economies were vulnerable to asymmetric economic shocks, such as those induced by the economic transition. In particular, the stability of Czechoslovakia was undermined by the low correlation of permanent output shocks, low labor mobility, and higher concentration of heavy and military industries in Slovakia. J. Comp. Econom., December 1999, 27(4), pp. 753–781. Center for European Integration Studies (ZEI), University of Bonn, Walter-Flex-Strasse 3, 53113 Bonn, Germany, and Center for Economic Research, Tilburg University, Netherlands; Academia Istropolitana Nova, Bratislava, Slovakia, Central European University, Nador u. 9, 1051 Budapest, Hungary, and Center for European Integration Studies (ZEI), University of Bonn, Bonn, Germany; Institute for Advanced Studies (IHS), Stumpergasse 56, 1060 Vienna, Austria.
Stability of Monetary Unions: Lessons from the Break-up of Czechoslovakia. Institute for Advanced Studies; 1999. Abstract
Stability of Monetary Unions: Lessons from the Break-up of Czechoslovakia
In 1993, Czechoslovakia experienced a two-fold break-up: On January 1, the country disintegrated as a political union, while preserving an economic and monetary union. Then, the Czech-Slovak monetary union collapsed on February 8. We analyze the economic background of the two break-ups, and discuss lessons for the stability of monetary unions in general. We argue that Czechoslovakia fulfilled some of the optimum currency area criteria, however, given the low correlation of permanent shocks, it appears it was relatively less integrated than some other existing unions. That, along with low labor mobility and a higher concentration of heavy and military industries in Slovakia, made the Czechoslovak economy vulnerable to asymmetric economic shocks-such as those induced by the economic transition. Furthermore, the Czech-Slovak monetary union was marred by low credibility, lack of political commitment, low exit costs, and the absence of fiscal transfers.
The Break-up of Czechoslovakia: an In-depth Economic Analysis. Vol 6.; 1998. (Economics of Transition; vol 6; no 1). Abstract
The Break-up of Czechoslovakia: an In-depth Economic Analysis
Reviews the book: “The Break-up of Czechoslovakia: an In-depth Economic Analysis,” by Dedek, Oldrich et al.,
The break-up of Czechoslovakia: An in-depth economic analysis. Economics of Transition. 1998;6(1):238-40.