The article analyzes the possibilities of the pension systems. Because of growing awareness of financial needs for public pensions, attention has been focused on their privatisation. As the capital markets in transition economies are even more volatile, privatized pension system coincides with risks, higher costs, and inability to provide retirees with affordable, indexed and certain annuities. Indeed, a reformed PAYG system appears to be the only viable system to perform well.
COBISS.SI-ID: 19977928
The book presents economic situation in the world and in the Western Balkans during current financial crisis, contribution of applied economic theory and possibilities for its resolution. The value added of the book is in the detailed explanation of causes of financial crises, description of its consequences for the western Balkan countries, and in proposals of measures for the solution regarding economic policy and social system, and in a new vision of society organization based on solidarism.
COBISS.SI-ID: 1076350
The paper suggests that the crisis strategy should target credit crunch and employment in the short run and sustainable fiscal soundness in the long run. This should enable banks to replenish funding which would enable flows of credit on the retail market. Badly affected fiscal stance to battle the crisis requires institutional buildup. While policy mix in Slovenia was appropriate, reactions were slow and implementation weak.
COBISS.SI-ID: 18878950
The article deals with often neglected long run effects of FDI on current account balance. The research is based on econometric model linking the flowsof the current accounts and financial accounts of the balance of payments. The equiation are estimated by panel regression for eight new member states for the period 1995-2008.
COBISS.SI-ID: 32470317
The article deals with the problems of flexibility and security on the labour market in the new EU member states. In transition the old socialist labour model with extremely low elasticity of demand for labour was abandoned and replaced by the neo-European employment model with high employment elasticity and assymetry in hiring anf firing. This increased the problems of unemployment.
COBISS.SI-ID: 27840045