Economic Systems

2001 - 2025

Current editor(s): R. Frensch

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Volume 43, issue 3, 2019

Impact of an unexplained component of real exchange rate volatility on FDI: Evidence from transition countries

Suzana Balaban, Dejan Živkov and Ivan Milenković

Tax-benefit systems and differences in aggregate labour force participation: Comparative evidence from the Czech Republic and Hungary

Kamil Galuscak and Gábor Kátay

Spatio-temporal determinants of the structural and productive transformation of regions in Central and East European countries

Nebojsa Stojcic, Zoran Aralica and Ivan-Damir Anić

Foreign inflows and economic growth: An emiprical study of the SAARC region

Muhammad Tahir, Mario Arturo Ruiz Estrada and Muhammad Asim Afridi

The impact of oil prices and the financial market on cost efficiency in the insurance and Takaful sectors: Evidence from a stochastic frontier analysis

Ahmad Alrazni Alshammari, Syed Musa Alhabshi and Buerhan Saiti

Commonality in liquidity among Middle East and North Africa emerging stock markets: Does it really matter?

Sinda Hadhri and Zied Ftiti

Connectedness and risk spillovers in China’s stock market: A sectoral analysis

Fei Wu, Dayong Zhang and Zhiwei Zhang

Do institutions of the euro area converge?

Arielle Beyaert, José García-Solanes and Laura Lopez-Gomez

Detecting contagion in Asian exchange rate markets using asymmetric DCC-GARCH and R-vine copulas

Jose Gomez-Gonzalez and Wilmer Rojas-Espinosa

A retrospective on the subprime crisis and its aftermath ten years after Lehman’s collapse

Alex Cukierman

Economic systems in developing countries – A macro cluster approach

Markus Ahlborn and Rainer Schweickert

Volume 43, issue 2, 2019

The China effect: Evidence from data at firm level in Thailand pp. -

Yan Zhi, Di Bao and Changyuan Luo

Does monetary policy influence banks’ risk weights under the internal ratings-based approach? pp. -

Simona Malovana, Dominika Kolcunová and Václav Brož

Trade networks and economic fluctuations in Asian countries pp. -

Paolo Giudici, Bihong Huang and Alessandro Spelta

Towards an intelligent country: China’s higher education expansion and rural children’s senior high school participation pp. -

Ming Lu and Xi Zhang

Explaining the East Asia miracle: The role of urbanization pp. -

Xun Zhang, Guanghua Wan, Zhi Luo and Chen Wang

Intangible capital distribution in China pp. -

Qing Li, Long Vo and Yanrui Wu

Basel III liquidity rules: The implications for bank lending growth in Africa pp. -

Kolade Sunday Adesina

What drives fluctuations in exchange rate growth in emerging markets – A multi-level dynamic factor approach pp. -

Clark Liu, Ben Wang, Huanhuan Wang and Ji Zhang

Long-term finance and entrepreneurship pp. -

Florian Leon

To tell the truth or the perceived truth: Structural estimation of peer effects in China’s macroeconomic forecast pp. -

Linke Hou, Yuxia Lv, Hao Geng and Feiyue Li

Volume 43, issue 1, 2019

National versus supranational bank regulation: Gains and losses of joining a banking union pp. 1-18

Maria Näther and Uwe Vollmer

Diverging trends in health care use between 2010 and 2016: Evidence from three groups of transition countries pp. 19-29

Maksym Obrizan

Aggregate productivity losses from factor misallocation across Chinese manufacturing firms pp. 30-41

Xiaoyong Dai and Liwei Cheng

What drives credit risk in the Indian banking industry? An empirical investigation pp. 42-62

Rachita Gulati, Anju Goswami and Sunil Kumar

How do natural resource endowment and institutional quality influence the nexus between external indebtedness and welfare in Africa? pp. 77-98

Stella Muhanji, Kalu Ojah and Issouf Soumaré

Agricultural productivity, shadow wages and off-farm labor decisions in Nicaragua pp. 99-110

Alexandre Almeida and Boris E. Bravo-Ureta

Structural changes, competition and bank stability in Malaysia’s dual banking system pp. 111-129

Mansor Ibrahim, Kinan Salim, Moutaz Abojeib and Wee Yeap Lau

Mutual fund flows and investors’ expectations in BRICS economies: Implications for international diversification pp. 130-150

Fiza Qureshi, Habib Hussain Khan, Ijaz Ur Rehman, Abdul Ghafoor and Saba Qureshi

Measuring financial systemic stress for Turkey: A search for the best composite indicator pp. 151-172

Meltem Chadwick and Huseyin Ozturk

Volume 42, issue 4, 2018

Corruption in transition economies: Socialist, Ottoman or structural? pp. 533-555

Luca J. Uberti

Socio-demographics, political attitudes and informal sector employment: A cross-country analysis pp. 556-568

Mustafa Metin Başbay, Ceyhun Elgin and Orhan Torul

Economic policy uncertainty effects for forecasting future real economic activity pp. 569-583

Juha Junttila and Juuso Vataja

Exchange rate dynamics and their effect on macroeconomic volatility in selected CEE countries pp. 584-596

Volha Audzei and František Brázdik

Intraday effect of news on emerging European forex markets: An event study analysis pp. 597-615

Evžen Kočenda and Michala Moravcova

Financial distress and bankruptcy prediction: An appropriate model for listed firms in Vietnam pp. 616-624

Binh Pham Vo Ninh, Trung Do Thanh and Duc Vo Hong

Central bank disclosure as a macroprudential tool for financial stability pp. 625-636

Helder de Mendonça and Claudio de Moraes

The synergistic effect of insurance and banking sector activities on economic growth in Africa pp. 637-648

Mehmet Balcilar, Rangan Gupta, Chien-Chiang Lee and Godwin Olasehinde-Williams

Unemployment or credit: Which one holds the potential? Results for a small open economy with a low degree of financialization pp. 649-664

Mihnea Constantinescu and Anh Nguyen

Do Pan-African banks have the best of both worlds? pp. 665-681

Alexandra Zins and Laurent Weill

Are credit rating agencies regionally biased? pp. 682-694

A. Talha Yalta and A. Yasemin Yalta

Volume 42, issue 3, 2018

Natural resources and capital structure pp. 385-396

Sanna Kurronen

Survival is for the fittest: Export survival patterns in Georgia pp. 397-413

Antonio Martuscelli and Gonzalo Varela

Current account and real effective exchange rate misalignments in Central Eastern EU countries: An update using the macroeconomic balance approach pp. 414-436

Mariarosaria Comunale

An empirical study on credit card loan delinquency pp. 437-449

Hyeongjun Kim, Hoon Cho and Doojin Ryu

Does ethics improve stock market resilience in times of instability? pp. 450-469

Elias Erragragui, M. Kabir Hassan, Jonathan Peillex and Abu Nahian Faisal Khan

Asymmetric effects of exchange rate changes on the Malaysia-China commodity trade pp. 470-486

Mohsen Bahmani-Oskooee and Muhammad Aftab

Are cooperative firms a less competitive form of business? Production efficiency and financial viability of cooperative firms with tradable membership shares pp. 487-502

Kazuhiko Mikami

The heterogeneous impact of taxation on economic development: New insights from a panel cointegration approach pp. 503-513

Dilek Durusu-Ciftci, Korhan Gokmenoglu and Ibrahim Yetkiner

Privatisation and vertical integration under a mixed duopoly pp. 514-522

Juan Bárcena-Ruiz and María Begoña Garzón

International reserves: Facing model uncertainty pp. 523-531

Soňa Benecká and Lubos Komarek

Volume 42, issue 2, 2018

A tale of two crises: Federal transfers and regional economies in Russia in 2009 and 2014–2015 pp. 175-185

Michael Alexeev and Andrey Chernyavskiy

Natural resource rents and internal conflicts: Can decentralization lift the curse? pp. 186-205

Mohammad Reza Farzanegan, Christian Lessmann and Gunther Markwardt

Does income inequality lead to banking crises in developing countries? Empirical evidence from cross-country panel data pp. 206-218

Dong-Eun Rhee and Hyoungjong Kim

Income inequality and the Great Recession in Central and Eastern Europe pp. 219-247

Michał Brzeziński

When is there a Kuznets curve? Some evidence from the ex-socialist countries pp. 248-268

Branimir Jovanovic

House price convergence in euro zone and non-euro zone countries pp. 269-281

I-Chun Tsai

The impact of value added components of GDP and FDI on economic freedom in Europe pp. 282-294

Naz Sayari, Ramazan Sarı and Shawkat Hammoudeh

Geopolitical risks and stock market dynamics of the BRICS pp. 295-306

Mehmet Balcilar, Matteo Bonato, Riza Demirer and Rangan Gupta

Health and political regimes: Evidence from quantile regression pp. 307-319

Keisuke Okada

How foreign direct investment affects CO2 emission levels in the Chinese manufacturing industry: Evidence from panel data pp. 320-331

Bongsuk Sung, Woo-Yong Song and Sang-Do Park

Property rights protection, financial access and corporate R&D: Evidence from a large representative sample of Chinese firms pp. 332-345

Tong Fu and Ze Jian

Financial stability of Islamic banking and the global financial crisis: Evidence from the Gulf Cooperation Council pp. 346-360

Faisal Alqahtani and David Mayes

Firm financing and growth in the Arab region pp. 361-383

Juan J. Cortina, Soha Ismail and Sergio Schmukler

Volume 42, issue 1, 2018

International spillovers in global asset markets pp. 3-17

Ansgar Belke and Irina Dubova

Credit-based early warning indicators of banking crises in emerging markets pp. 18-31

Adam Gersl and Martina Jasova

The impact of credit supply shocks and a new Financial Conditions Index based on a FAVAR approach pp. 32-44

Zsuzsanna Hosszú

The signalling content of asset prices for inflation: Implications for quantitative easing pp. 45-63

Leo de Haan and Jan Willem End

Does CEO gender matter for bank risk? pp. 64-74

Dorota Skała and Laurent Weill

Macroeconomic and financial stability in a monetary union: The case of Lithuania pp. 75-90

Margarita Rubio and Mariarosaria Comunale

International spillovers of (un)conventional monetary policy: The effect of the ECB and the US Fed on non-euro EU countries pp. 91-105

Jan Hajek and Roman Horvath

Should banks diversify or focus? Know thyself: The role of abilities pp. 106-118

Bill B. Francis, Iftekhar Hasan, A. Melih Küllü and Mingming Zhou

Institutional deficit and health outcomes in post-communist states pp. 119-131

Vladimir A. Kozlov and Dina Y. Rosenberg

What do women want? Female suffrage and the size of government pp. 132-150

Claudio Bravo-Ortega, Nicolas A. Eterovic and Valentina Paredes

Audit committees and financial reporting quality: The 8th EU Company Law Directive perspective pp. 151-163

Ujkan Bajra and Simon Čadež

Oil price shocks and unemployment in Central and Eastern Europe pp. 164-173

Juan Cuestas and Luis Gil-Alana