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Exchange rate regimes and financial vulnerability

De Grauwe, Paul; Grimaldi, Marianna - In: EIB Papers 7 (2002) 2, pp. 33-48

The financial crises of the 1990s have created the perception that one of the fundamental reasons for the occurrence of such crises is to be found in the fact that exchange rates were pegged for too long. These pegged exchange rates inevitably invited speculative attacks in the foreign exchange...

Persistent link: https://www.econbiz.de/10010273325

Industrial policy from a systems-of-innovation perspective

Edquist, Charles; Chaminade, Cristina - In: EIB Papers 11 (2006) 1, pp. 108-132

This paper focuses on the systems-of-innovation (SI) approach and its policy implications. It introduces the topic by … the innovation process and the division of labour between private and public actors in carrying out SI activities. In this … context, the paper argues that the notion of optimality is irrelevant in an innovation system context and it discusses the …

Persistent link: https://www.econbiz.de/10010273365

Hungary's banking sector: achievements and challenges

Várhegyi, Éva - In: EIB Papers 7 (2002) 1, pp. 75-89

Hungary is generally considered one of the best performing transition countries, having been successful in achieving macroeconomic stabilisation and in creating a market-driven economic system (see, for instance, Fischer and Sahay, 2000; and Weder, 2001). In terms of financial sector reforms, the...

Persistent link: https://www.econbiz.de/10010273321

Slovenian banks a decade later

Zajc, Peter - In: EIB Papers 7 (2002) 1, pp. 91-106

Yugoslavia's (1) economic system differed in many respects from the model pursued by other communist countries, and banking is certainly one of the areas where the country set itself apart from its peers. Yugoslavia had already introduced a two-tier banking system in the mid-1950s and also...

Persistent link: https://www.econbiz.de/10010273324

Practice makes perfect: a review of banking in Central and Eastern Europe

Riess, Armin; Wagenvoort, Rien; Zajc, Peter - In: EIB Papers 7 (2002) 1, pp. 31-53

Planned economies produced many goods and services - such as cars, electricity, and machinery - that did not differ fundamentally from those available in market economies. Certainly, the quality and variety of these goods and services did not reach Western standards and there was an almost...

Persistent link: https://www.econbiz.de/10010273327

Better schools for Europe

Gundlach, Erich; Wößmann, Ludger - In: EIB Papers 6 (2001) 2, pp. 8-22

We try to identify which economic factors might be responsible for the large international differences in student performance. We present time series evidence for a number of European countries which suggests that rising educational expenditures obviously did not improve student performance....

Persistent link: https://www.econbiz.de/10010313559

The financial sector, macroeconomic policy and performance

Feldman, Robert A.; Wagner, Nancy - In: EIB Papers 7 (2002) 2, pp. 13-30

A healthy and developing financial sector is a key support to balanced and sustainable economic growth. And as the countries of central Europe - the Czech Republic, Hungary, Poland, Slovakia, and Slovenia - approach EU membership and ultimately adoption of the euro, the litmus test for financial...

Persistent link: https://www.econbiz.de/10010273326

The transformation of finance in Europe: introduction and overview

Perée, Eric; Riess, Armin - In: EIB Papers 8 (2003) 1, pp. 11-34

financial innovation; (ii) further integrating Europe's financial systems, across borders and segments, should significantly …

Persistent link: https://www.econbiz.de/10010273334

Strategic investment in international gas transport systems

Hubert, Franz - In: EIB Papers 12 (2007) 2, pp. 62-81

This paper provides a quantitative analysis of power relations and strategic investment in the transport system for Russian gas. First, we analyse how the architecture of the transport system determines Russia's bargaining power vis-à-vis (potential) transit countries. By applying the Shapley...

Persistent link: https://www.econbiz.de/10010273372

The role of venture capital in alleviating financial constraints of innovative firms

Bottazzi, Laura - In: EIB Papers 14 (2009) 2, pp. 30-52

Venture capital is considered to be the most appropriate form of financing for innovative firms in high-tech sectors. We provide an assessment of venture capital looking at the involvement of venture capital with some of Europe's most innovative and successful companies: those listed on Europe's...

Persistent link: https://www.econbiz.de/10010273387