Adalbert Winkler

TL;DR: The authors provides a comprehensive review of all the main cases of dollarisation/euroisation, analysing motives, features and policy implications of this exchange rate regime, concluding that policies fostering integration with the anchor country, in particular fiscal transfers, tourism and offshore finance, have been crucial in supporting the exchange-rate regime.

TL;DR: In this paper, the relative growth performance of small and young firms within the German Mittelstand during the 2009 crisis was analyzed, and it was shown that small firms exhibit a relative growth advantage compared to larger firms in both stable and crisis times.

TL;DR: In this article, the authors provided empirical evidence on credit growth patterns of micro finance institutions in the early 2000s and found that micro credit adopted the cyclical characteristics of credit growth in the traditional banking sector, with credit booms followed by credit busts.

TL;DR: In this article, the economic, monetary and financial relations between the EU and the euro area and a set of countries in a broad set of neighbouring regions are reviewed, which are mostly classified as transition, emerging or developing economies and belong to four main regions: the Western Balkans; the European part of the Commonwealth of Independent States; the Middle East and Northern Africa; and Sub-Saharan Africa.

TL;DR: In this article, the authors test whether rural financial inclusion, notably lending to rural borrowers, is hampered by stronger sustainability challenges than inclusion in urban markets and find that a higher share of rural borrowers has no direct effect on MFI sustainability.