Location: Online via Teams
BOFIT Seminar: Normal Countries?
Some 30 years after its beginning, can we consider post-communist transition over? In this paper, I argue that normalcy should assess whether the post-communist countries stand out when set against other countries at similar levels of socio-economic development. To this effect, I propose a new measure of progress in transition – index of normalcy – which allows comparisons of progress in different socio-economic areas. The results suggest that the most advanced post-communist countries are already normal, that is, not much different from industrialized democracies at similar levels of development. However, more than half of post-communist countries are still rather far from the benchmark of normalcy. Moreover, their performance across the indicators included in the analysis is very heterogeneous too.
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Zhen Zhou Tsinghua University
BOFIT Seminar: The Consequences of a Small Bank Collapse: Evidence from China (Co-authors: Liyuan Liu (PBC School of Finance, Tsinghua University) and Xianshuang Wang (PBC School of Finance, Tsinghua University))