Comparative Economic Studies articles from March 2002

Comparative Economic Studies archives from March 2002

A note from the new editor.
March 22, 2002... This is the first issue under our new editorial team so it seems appropriate to say a few words about our goals for Comparative Economic Studies. In taking over the editorship of the journal, I am joined by Ali Kutan and Istvan Szekely who...

On contingent liabilities and the likelihood of fiscal crises *.
March 22, 2002... Contingent liabilities are commitments to take on actual liabilities if specific uncertain events occur at some point in the future. There are many types of contingent liabilities: social security payments, loan guarantees, performance...

The role of FDI in trade and financial services in transition: what distinguishes transition economies from developing economies?(foreign direct investment)(Statistical Data Included)
March 22, 2002... 1. Introduction The role of the service sector in transition receives, so we believe, less than its fair share of attention. This is particularly true for commercial services, retail and wholesale trade. Our aim in this paper is to show...

Financial market integration in the US: lessons for Europe?
March 22, 2002... 1. Motivation * The introduction of the euro in 1999 has marked a milestone in the integration of financial markets in Europe. (1) The question to what extent the degree of interregional capital mobility is likely to change under a common...

The structure of Chinese industry and the impact from China's WTO entry.(Statistical Data Included)
March 22, 2002... I. Introduction China's WTO entry comes at a critical stage of its transition to a market economy. (1) The entry will not only forcefully change the market structure in terms of its concentration and resource allocation among products of...