Working Papers

2019No. 231. Being stranded with fossil fuel reserves? Climate policy risk and the pricing of bank loans [Dokument elektroniczny]No. 230. The effect of air pollution on migration: evidence from China [Dokument elektroniczny]No. 229. Pricing Poseidon: extreme weather uncertainty and firm return dynamics [Dokument elektroniczny]No. 228. The determinants of real exchange rates in transition economies [Dokument elektroniczny]No. 227. Chaebols and firm dynamics in Korea [Dokument elektroniczny]No. 226. Refugees’ self selection into Europe: who migrates where? [Dokument elektroniczny]No. 225. Lending cycles and real outcomes: costs of political misalignment [Dokument elektroniczny]2018No. 224. Energy subsidies, energy intensity and management practices [Dokument elektroniczny]No. 223. Move a little closer? Information sharing and the spatial clustering of bank branches [Dokument elektroniczny]No. 222. The revolving door for political elites: policymakers’ professional background and financial regulation [Dokument elektroniczny]No. 221. Close competitors? On the causes and consequences of bilateral competition between banks [Dokument elektroniczny]No. 220. Austerity as violence: measuring the effects of economic austerity on pro-sociality [Dokument elektroniczny]No. 219. Do laws shape attitudes? Evidence from same-sex relationship recognition policies in Europe [Dokument elektroniczny]No. 218. Gay glass ceilings: sexual orientation and workplace authority in the United Kingdom [Dokument elektroniczny]No. 217. Financial development and industrial pollution [Dokument elektroniczny]No. 216. The long-run effects of R\&D place-based policies: evidence from Russian science cities [Dokument elektroniczny]No. 215. Globalisation, government popularity and the great skills divide [Dokument elektroniczny]No. 214. Modern growth in perspective: relative performance since the global financial crisis [Dokument elektroniczny]No. 213. Inequality of opportunity, governance and individual beliefs [Dokument elektroniczny]No. 212. The power of example: corruption spurs corruption [Dokument elektroniczny]No. 211. Convergence success and the middle-income trap [Dokument elektroniczny]No. 210. What determines non-financial project success? Evidence from the EBRD [Dokument elektroniczny]No. 209. Effect of income on trust: evidence from the 2009 economic crisis in Russia [Dokument elektroniczny]No. 208. The European trust crisis and the rise of populism [Dokument elektroniczny]2017No. 207. Banking and growth: evidence from a regression discontinuity analysis [Dokument elektroniczny]No. 206. Soft budget constraints and state capitalism [Dokument elektroniczny]No. 205. The middle-income trap from a Schumpeterian perspective [Dokument elektroniczny]No. 204. Happiness convergence in transition countries [Dokument elektroniczny]No. 203. Ownership structure and productivity of multinationals [Dokument elektroniczny]No. 202. Access to finance – mind the gender gap [Dokument elektroniczny]No. 201. The inner workings of the board: evidence from emerging markets [Dokument elektroniczny]No. 200. Firm performance and obstacles to doing business in the Western Balkans : evidence from the BEEPS [Dokument elektroniczny]No. 199. Not so different from non-traders: trade premia in the Middle East and North Africa [Dokument elektroniczny]No. 198. EU financing and innovation in Poland [Dokument elektroniczny]No. 197. The impact of information sharing on the use of collateral versus guarantees [Dokument elektroniczny]2016No. 196. Sexual orientation and earnings: new evidence from the UK [Dokument elektroniczny]No. 195. Business environment constraints in the third decade of transition: calibrating the shadow costs of obstacles to business [Dokument elektroniczny]No. 194. Will money talk? Firm bribery and credit access [Dokument elektroniczny]No. 193. The economic impact of reducing non-performing loans [Dokument elektroniczny]No. 192. Short-term effects of house prices on birth rates [Dokument elektroniczny]No. 191. Corporate NPL portfolios in CESEE countries: how corporate leverage and debt spillovers affect firm performance [Dokument elektroniczny]No. 190. Mining matters: natural resource extraction and local business constraints [Dokument elektroniczny]No. 189. Microcredit contracts, risk diversification and loan take-up [Dokument elektroniczny]No. 188. The role of innovation and management practices in determining firm productivity in developing economies [Dokument elektroniczny]No. 187. Inequality of opportunity and beliefs about success and failure [Dokument elektroniczny]No. 186. Forgive but not forget: the behaviour of relationship banks when firms are in distress [Dokument elektroniczny]No. 185. How the Western Balkans can catch up [Dokument elektroniczny]No. 184. The happiness gap in eastern Europe [Dokument elektroniczny]2015No. 183. The Great Recession and social preferences [Dokument elektroniczny]No. 182. Self-worth versus net worth: image motivation and the quantity-quality trade-off [Dokument elektroniczny]No. 181. An anatomy of central and eastern European equity markets [Dokument elektroniczny]No. 180. Sharing borrower information in a competitive credit market [Dokument elektroniczny]No. 179. Do public fund windfalls increase corruption? Evidence from a natural disaster [Dokument elektroniczny]No. 178. The limits of lending: banks and technology adoption across Russia [Dokument elektroniczny]No. 177. Institutions, innovation and growth: cross-country evidence [Dokument elektroniczny]No. 176. Does corruption matter for sources of foreign direct investment? [Dokument elektroniczny]No. 175. Europe’s banking union in the global financial system: constructing open and inclusive institutions [Dokument elektroniczny]No. 174. How much should we trust life satisfaction data? Evidence from the Life in Transition Survey [Dokument elektroniczny]2014No. 173. Determinants of frontier innovation and technology adoption: cross-country evidence [Dokument elektroniczny]No. 172. Growing without changing: a tale of Egypt’s weak productivity growth [Dokument elektroniczny]No. 171. What determines the quality of economic institutions? Cross-country evidence [Dokument elektroniczny]No. 170. The dark and bright sides of global banking: a (somewhat) cautionary tale from emerging Europe [Dokument elektroniczny]No. 169. When arm's length is too far: relationship banking over the business cycle [Dokument elektroniczny]No. 168. Corporate financial soundness and its impact on firm performance: Implications for corporate debt restructuring in Slovenia [Dokument elektroniczny]No. 167. Diagnosing growth constraints in south-eastern Europe: The case of Serbia [Dokument elektroniczny]No. 166. Optimal degree of foreign ownership under uncertainty [Dokument elektroniczny]No. 165. Giving and promising gifts: experimental evidence on reciprocity from the field [Dokument elektroniczny]2013No. 164. Global firms and wages: is there a rent sharing channel? [Dokument elektroniczny]No. 162. Selection and hidden bias in cross-border bank acquisitions: Ukraine's takeover wave [Dokument elektroniczny]No. 163. Regional inflation and financial dollarisation [Dokument elektroniczny]No. 161. Mandatory versus voluntary payment for green electricity [Dokument elektroniczny]No. 160. Information effects on consumer willingness to pay for electricity and water service attributes [Dokument elektroniczny]No. 159. How important are non-tariff barriers? Complementarity of infrastructure and institutions of trading partners [Dokument elektroniczny]No. 158. Does cultural diversity help or hinder entrepreneurs? Evidence from eastern Europe and central Asia [Dokument elektroniczny]No. 157. Foreign direct investment and wages: does the level of ownership matter? [Dokument elektroniczny]No. 156. Migration from Ukraine: Brawn or Brain? New Survey Evidence [Dokument elektroniczny]No. 155. Improving regional performance in Russia: a capability-based approach [Dokument elektroniczny]No. 154. How much do tariffs matter? Evidence from the customs union of Belarus, Kazakhstan and Russia [Dokument elektroniczny]2012No. 153. The right-wing power of small countries [Dokument elektroniczny]No. 152. The impact of armed conflict on firms' performance and perceptions [Dokument elektroniczny]No. 151. Can consumer confidence data predict real variables? Evidence from Croatia [Dokument elektroniczny]No. 150. The interest group theory of financial development: evidence from regulation [Dokument elektroniczny]No. 149. Innocent bystanders: How foreign uncertainty shocks harm exporters [Dokument elektroniczny]No. 148. The bullwhip effect and the Great Trade Collapse [Dokument elektroniczny]No. 147. Generosity norms and intrinsic motivation in health care provision: evidence from the laboratory and the field [Dokument elektroniczny]No. 146. Microfinance at the Microfinance at the margin: experimental evidence from Bosnia and Herzegovina [Dokument elektroniczny]No. 145. Making sense of competitiveness indicators in south-eastern Europe [Dokument elektroniczny]No. 144. Management quality, firm performance and market pressure in Russia [Dokument elektroniczny]No. 143. Foreign banks and the Vienna Initiative: turning sinners into saints [Dokument elektroniczny]No. 142. International shock transmission after the Lehman Brothers collapse - evidence from syndicated lending [Dokument elektroniczny]No. 141. Entrepreneurship in the transition region: an analysis based on the Life in Transition Survey [Dokument elektroniczny]No. 140. Learning, political attitudes and the crisis in transition countries [Dokument elektroniczny]No. 139. Dictating the risk - experimental evidence on giving in risky environments [Dokument elektroniczny]No. 138. Managing Mongolia's resource boom [Dokument elektroniczny]2011No. 137. Forecasting growth in eastern Europe and central Asia [Dokument elektroniczny]No. 136. Group lending or individual lending? Evidence from a randomised field experiment in Mongolia [Dokument elektroniczny]No. 135. Multinational banks and the global financial crisis: weathering the perfect storm? [Dokument elektroniczny]No. 124. Running for the exit: international banks and crisis transmission [Dokument elektroniczny]No. 125. Region-specific constraints to doing business: evidence from Russia [Dokument elektroniczny]No. 126. Economic transition, firm organisation and internal control: determinants of audit structure in Russian firms [Dokument elektroniczny]No. 127. The ||impact of state aid for restructuring on the allocation of resources [Dokument elektroniczny]No. 128. Unequal effects of liberalisation on diversification of Russia's regions [Dokument elektroniczny]No. 129. Performance of domestic and cross-border acquisitions: empirical evidence from Russian acquirers [Dokument elektroniczny]No. 133. What makes growth sustained? [Dokument elektroniczny]No. 130. Employment concentration and resource allocation: one-company towns in Russia [Dokument elektroniczny]No. 131. The ||land that Lean manufacturing forgot? Management practices in transition countries [Dokument elektroniczny]No. 132. Basel III and regional financial integration in emerging Europe. An overview of key issues [Dokument elektroniczny]No. 134. Labour markets and representative institutions: evidence from colonial British America [Dokument elektroniczny]2010No. 112. In the wake of the crisis: dealing with distressed debt across the transition region [Dokument elektroniczny]No. 113. South-eastern Europe: lessons from the global economic crisis [Dokument elektroniczny]No. 114. Earnings inequality and the informal economy: evidence from Serbia [Dokument elektroniczny]No. 115. Addressing private sector currency mismatches in emerging Europe [Dokument elektroniczny]No. 116. Cross country differences in job reallocation: the role of industry, firm size and regulations [Dokument elektroniczny]No. 117. The ||crisis as a wake-up call: do banks tighten screening and monitoring during a financial crisis? [Dokument elektroniczny]No. 118. Fostering growth in CEE countries: a country-tailored approach to growth policy [Dokument elektroniczny]No. 119. Microeconomic implications of credit booms: evidence from emerging Europe [Dokument elektroniczny]No. 120. Euroisation in Serbia [Dokument elektroniczny]No. 121. Institutions and economic performance: What can be explained? [Dokument elektroniczny]No. 122. Foreign currency lending in emerging Europe: bank-level evidence [Dokument elektroniczny]No. 123. Financial integration and growth - Is emerging Europe different? [Dokument elektroniczny]2009No. 108. Development based on commodity revenues [Dokument elektroniczny]No. 109. Understanding the crisis in emerging Europe [Dokument elektroniczny]No. 110. Monitoring managers: does it matter? [Dokument elektroniczny]No. 111. Fiscal decentralisation and the quality of public services in Russian regions [Dokument elektroniczny]No. 107. Chinese investment in the transition countries [Dokument elektroniczny]2008No. 106. The ||determinants of performance in building infrastructure in transition economies [Dokument elektroniczny]No. 105. Internal capital markets and lending by multinational bank subsidiaries [Dokument elektroniczny]2007No. 104. What determines banks' customer choice? Evidence from transition countries [Dokument elektroniczny]2006No. 102. Business environment and enterprise behaviour in East Germany compared to West Germany and central Europe [Dokument elektroniczny]No. 103. Should market liberalisation precede democracy? Causal relations between political preferences and development [Dokument elektroniczny]No. 101. Mobility, poverty and well-being among the informally employed in Bosnia and Herzegovina [Dokument elektroniczny]No. 100. Does enterprise-level training compensate for poor country-level skills? Lessons from transition countries in central and eastern Europe [Dokument elektroniczny]No. 099. Ageing, pension reforms and capital market development in transition countries [Dokument elektroniczny]No. 098. Forecasting inflation for transition countries: How accurate are the EBRD forecasts? [Dokument elektroniczny]No. 097. The ||impact of crime on the enterprise sector: Transition versus non-transition countries [Dokument elektroniczny]No. 095. Beyond borders: Reconsidering regional trade in Central Asia [Dokument elektroniczny]No. 096. Regulatory induced herding? Evidence from Polish pension funds [Dokument elektroniczny]2005No. 094. Accuracy of growth forecasts for transition countries: Assessing ten years of EBRD forecasting [Dokument elektroniczny]No. 093. Filling the gap in urban transport: Private sector participation in transition countries [Dokument elektroniczny]No. 090. Reforms and growth in transition: re-examining the evidence [Dokument elektroniczny]No. 091. Does transition make you happy? [Dokument elektroniczny]No. 092 . Can poor consumers pay for energy and water?2004No. 086. Cost efficiency of banks in transition: Evidence from 289 banks in 15 post-communist countries [Dokument elektroniczny]No. 087. The ||Dynamic adjustment towards target capital structures of firms in transition economies [Dokument elektroniczny]No. 088. Inflation, exchange rates and the role of monetary policy in Albania [Dokument elektroniczny]No. 089. European financial integration and the financing of local businesses in the new EU member states [Dokument elektroniczny]2003No. 077. The ||Investment climate for climate investment: Joint Implementation in transition countries [Dokument elektroniczny]No. 078. Power sector regulatory reform in transition economies: Progress and lessons learned [Dokument elektroniczny]No. 079. Benchmarking structural change in transition [Dokument elektroniczny]No. 080. Bridging the gaps? Private sector development, capital flows and the investment climate in south-eastern Europe [Dokument elektroniczny]No. 081. Stock markets and industry growth: an eastern European perspective [Dokument elektroniczny]No. 082. Trust in transition: cross-country and firm evidence [Dokument elektroniczny]No. 083. Transition and international integration in eastern Europe and the former Soviet Union [Dokument elektroniczny]No. 084. The ||2002 Business Environment and Enterprise Performance Survey: Results from a survey of 6,100 firms [Dokument elektroniczny]No. 085. Anti-corruption programmes in post-communist transition countries and changes in the business environment, 1999-2002 [Dokument elektroniczny]2002No. 069. Liberalisation of the Russian power sector [Dokument elektroniczny]No. 070. Ownership and corporate governance in Russian industry: a survey [Dokument elektroniczny]No. 071. Banking reform and development in transition economies [Dokument elektroniczny]No. 072. The ||Energy intensity of transition countries [Dokument elektroniczny]No. 073. Capital flight and capital outflows from Russia: symptom, cause and cure [Dokument elektroniczny]No. 074. What should the multilateral development banks do? [Dokument elektroniczny]No. 075. Contracting in transition economy municipal projects [Dokument elektroniczny]No. 076. Bank performance in transition economies [Dokument elektroniczny]2001No. 060. The ||Measurements and Determinants of Institutional Change: Evidence from Transition Economies [Dokument elektroniczny]No. 061. Social capital in transition: a first look at the evidence [Dokument elektroniczny]No. 062. Effective versus statutory taxation: measuring effective tax administration in transition economies [Dokument elektroniczny]No. 063. Competition and enterprise performance in transition economies: evidence from a cross-country survey [Dokument elektroniczny]No. 064. Financial structures to promote private sector development in south-eastern Europe [Dokument elektroniczny]No. 065. Labour market states, mobility and entrepreneurship in transition economies [Dokument elektroniczny]No. 066. Nature's blessing or nature's curse: the political economy of transition in resource-based economies [Dokument elektroniczny]No. 067. Foreign direct investment financing of capital formation in central and eastern Europe [Dokument elektroniczny]No. 068. Competition across transition economies: an enterprise-level analysis of the main policy and structural determinants [Dokument elektroniczny]2000No. 048. Law and finance in transition economies [Dokument elektroniczny]No. 049. Patterns of legal change: shareholder and creditor rights in transition economies [Dokument elektroniczny]No. 050. Barter and non-monetary transactions in transition economies: Evidence from a cross-country survey [Dokument elektroniczny]No. 051. Measuring governance and state capture: the role of bureaucrats and firms in shaping the business environment [Dokument elektroniczny]No. 052. Assessing macroeconomic vulnerability in central Europe [Dokument elektroniczny]No. 053. Regulatory reform and market development in power sectors of transition economies: the case of Kazakhstan [Dokument elektroniczny]No. 054. Taxes, competition and finance for Albanian enterprises: evidence from a field study [Dokument elektroniczny]No. 055. Defying the odds: initial conditions, reforms and growth in the first decade of transition [Dokument elektroniczny]No. 056. Ten years after: what is special about transition countries? [Dokument elektroniczny]No. 057. An ||Analytical framework for evaluating transition impact of infrastructure projects [Dokument elektroniczny]No. 058. Intervention, corruption and capture: the nexus between enterprises and the state [Dokument elektroniczny]No. 059. Objectives and constraints of entrepreneurs: evidence from small and medium-sized enterprises in Russia and Bulgaria [Dokument elektroniczny]1999No. 038. Implications of the euro for the integration process of the transition economies in central and eastern Europe [Dokument elektroniczny]No. 039. Trust in transition [Dokument elektroniczny]No. 040. Measuring progress in transition and towards EU accession: a comparison of manufacturing firms in Poland, Romania and Spain [Dokument elektroniczny]No. 041. Competition in the power sectors of transition economies [Dokument elektroniczny]No. 042. Why do firms hide? Bribes and unofficial activity after Communism [Dokument elektroniczny]No. 043. Property rights, finance and entrepreneurship [Dokument elektroniczny]No. 044. Entrepreneurs and the ordering of institutional reform: Poland, Romania, Russia, the Slovak Republic and Ukraine compared [Dokument elektroniczny]No. 045. Contract enforcement in transition [Dokument elektroniczny]No. 046. The ||Causes and consequences of Albanian emigration during transition: evidence from micro-data [Dokument elektroniczny]No. 047. Competition policy implementation in transition economies: an empirical assessment [Dokument elektroniczny]1998No. 027. Capital flows to eastern Europe and the former Soviet Union [Dokument elektroniczny]No. 028. Macroeconomic and financial stability: transition and East Asian "contagion" [Dokument elektroniczny]No. 029. Bank restructuring and enterprise reform [Dokument elektroniczny]No. 030. The ||Future of the economic transition [Dokument elektroniczny]No. 031. Policy and implementation issues in reforming pension systems [Dokument elektroniczny]No. 032. Optimal design of bank bailouts: the case of transition economies [Dokument elektroniczny]No. 033. Is lack of funds the main obstacle to growth? [Dokument elektroniczny]No. 034. The ||Determinants of official and free-market exchange rates in Albania during transition [Dokument elektroniczny]No. 035. Financing transition: investing in enterprises during macroeconomic transition [Dokument elektroniczny]No. 036. Competition, entry, and the social returns to infrastructure in transition economies [Dokument elektroniczny]No. 037. Understanding barter in Russia [Dokument elektroniczny]1997No. 021. Russian Dilemmas [Dokument elektroniczny]No. 022. Enterprise restructuring and social benefits [Dokument elektroniczny]No. 023. Promoting an effective market economy in a changing world [Dokument elektroniczny]No. 024. Restructuring infrastructure in transition economies [Dokument elektroniczny]No. 025. Informal institutions, social capital and economic transition: reflections on a neglected dimension [Dokument elektroniczny]No. 026. Private ownership and corporate performance: evidence from transition economies [Dokument elektroniczny]1996No. 017. Building sound banking in transition countries [Dokument elektroniczny]No. 018. The ||Transition in eastern Europe and the former Soviet Union: some strategic lessons from the experience of 25 countries over six years [Dokument elektroniczny]No. 019. Macroeconomic policy and the role of the state in a changing world [Dokument elektroniczny]No. 020. A ||Framework for a development strategy in a market economy: objectives, scope, institutions and instruments [Dokument elektroniczny]1994No. 013. Transition: private sector development and the role of financial institutions [Dokument elektroniczny]No. 014. Enterprise restructuring in the transition: an analytical survey of the case study evidence from central and eastern Europe [Dokument elektroniczny]No. 015. Lasting growth as the top priority: macroeconomic tensions and government economic policy in Hungary [Dokument elektroniczny]No. 016. Obstacles to enterprise restructuring in transition [Dokument elektroniczny]1993No. 001. Needed mechanisms of corporate governance and finance in eastern Europe [Dokument elektroniczny]No. 002. Restructuring in the Czech economy [Dokument elektroniczny]No. 003. The threat of managed trade to transforming economies [Dokument elektroniczny]No. 004. Helping transition through trade: EC and US policy towards exports from eastern and central Europe [Dokument elektroniczny]No. 005. A survey of private manufacturers in St Petersburg [Dokument elektroniczny]No. 006. On the speed of transition in central Europe [Dokument elektroniczny]No. 007. Private investment in central and eastern Europe: survey results [Dokument elektroniczny]No. 008. 'Heterodox' stabilisation in eastern Europe [Dokument elektroniczny]No. 009. EC imports from eastern Europe: iron and steel [Dokument elektroniczny]No. 010. Domestic and trade policy for central and eastern European agriculture [Dokument elektroniczny]No. 011. Common fallacies in the debate on the economic transition in central and eastern Europe [Dokument elektroniczny]No. 012. The behaviour of state firms in eastern Europe: pre-privatisation [Dokument elektroniczny]