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Hysteresis in Poland’s Economic Growth?

Kovács, O. (2009): Hysteresis in Poland’s Economic Growth? News of the Month, ICEG European Center, October 2009 pp. 4-8. This study addresses the issue of whether the Polish-miracle, a unique positive growth rate during the recession of 2009, gives us a misleading feeling of comfort or it is a well-based and sustainable path of the Polish development. While we have been trying to call the attention to a very interes
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Bulgaria – The Gathering Storm?

Kovács, O. (2009): Bulgaria – The Gathering Storm? News of the Month, ICEG European Center, October 2009 pp. 13-16. According to the classical empirical results, huge current account deficits are an explicit sign of an imminent currency crisis. The Bulgarian substantial current account deficit is well documented, therefore it is a puzzling question why the currency crisis did not take a place until nowadays. The aim
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