14 Results

Although Estonia developed a functioning market economy, it has hardly succeeded in catching-up economically with the richer countries of the euro area.

Estonia has hardly succeeded in catching-up economically with the richer countries of the euro area. Correspondingly, the level of social security is rather limited. In this paper the authors raise the question what the causes of the sluggish...

Kiel Policy Brief No. 96: The Kiel Institute’s researcher Ulrich Stolzenburg analyses the potential of the newly launched EU investment plan to stimulate economic activity.

Sovereign debt restructurings can be implemented preemptively—prior to a payment default. We code a comprehensive new data set and find that preemptive restructurings (i) are frequent (38% of all deals 1978–2010), (ii) have lower haircuts, (iii) are...

We use a unique cross-section survey of manufacturing firms from four European countries (France, Germany, Italy, Spain) linked with balance sheet data to study the relationship between key aspects of globalization and firm-level markups. The main...