2012 Update Report to the Study to quantify and analyse the VAT Gap in the EU-27 Member States

This report provides estimates of the VAT Gap for 26 EU Member States for 2012, as well as revised estimates for the period 2009-2011. It is a follow-up to the report “Study to quantify and analyse the VAT Gap in the EU-27 Member States” , published in September 2013. This update incorporates the NACE Rev. 2 classification of economic activities into the calculation of the theoretical liability. The year 2012 saw overall unfavourable economic developments, as the GDP of the European Union shrank by 0.4 percent. These developments contributed to a slowdown of nominal final consumption and of other economic activities that form the basis of the Value Added Tax. read more » about 2012 Update Report to the Study to quantify and analyse the VAT Gap in the EU-27 Member States

The global financial crisis: changes in competition in the banking sector in Europe, the role of regulation and intervention by governments and central banks

The global financial crisis indicated importance of regulatory and competition policies in the banking sector, which were underappreciated before the crisis. According to dr. Małgorzata Pawłowska from the institute of the National Bank of Poland, the question about impact of competition and stability of the banking sector remains open. The debate was fostered during the 134th Seminar on 16th October 2014. read more » about The global financial crisis: changes in competition in the banking sector in Europe, the role of regulation and intervention by governments and central banks

"Global spillovers have entered a new phase": the Polish launch of 2014 IMF Spillover Report

Global spillovers have entered a new phase. With crisis-related spillovers and risks fading, changing growth patterns are the main source of spillovers in the global economy currently – reads the 2014 IMF Spillover Report. Its findings were presented during a seminar co-organized on September 29th, 2014 by CASE and IMF by dr. Emil Stavrev, a Deputy Division Chief at the Multilateral Surveillance Division of the IMF Research Department, which led the work on the 2014 Spillover Report. During his talk he highlighted two factors that will be of primary importance in the near future: the end of extraordinarily accommodative monetary policy and the decelerated growth in emerging markets. read more » about "Global spillovers have entered a new phase": the Polish launch of 2014 IMF Spillover Report

Changes in CASE Management Board

With the end of his second term as Vice-President of the CASE Management Board on September 30th, we would like to inform you that Maciej Sobolewski has decided to focus entirely on his research activities and continuation of his academic endeavors. We would like to thank dr Sobolewski for his contributions and count on his engagement in the future. We are also very pleased that, since Maciej’s commitment to CASE’s mission remains strong, starting on October 1st, 2014, he will continue his cooperation with us as an expert and leader of large projects. We wish him success in his habilitation! read more » about Changes in CASE Management Board

"The economic freedom is the freedom which really matters the most"

The economic situation in the USA has been quite unusual ever since the beginning of the financial crisis. June 2008 predictions for the GDP growth were oscillating somewhere between 3.8% and 5.0% but never really came true. The reason for the poor economic performance of the USA, according to Senator Phil Gramm, a keynote speaker duirng a lecture co-organized by CASE, FOR and American Studies Center, University of Warsaw, was fourfold: high tax rates, too much regulation, large public debt and a lack of efficiency. read more » about "The economic freedom is the freedom which really matters the most"

EU cooperation with non-member neighboring countries: the principle of variable geometry

Since the beginning of its existence, the European Union (EU) has been trying to build close economic and political relations with non-member countries. A variety of legal forms has been used, as the EU has always been flexible in offering or accepting the exact cooperation model, trying to adjust itself to the specific needs, constraints and sovereignty concerns of individual partners. The organization has never pushed any country to join its structures or sign association or free trade agreements. The EU’s experience in building a complex and flexible net of economic and political relations with non-member countries can serve as a good lesson and example to follow by other regional integration blocs that face the problem of shaping their external relations with countries that are interested in close cooperation but not membership in a given bloc. read more » about EU cooperation with non-member neighboring countries: the principle of variable geometry

The Polish Transition in a Comparative Perspective

Since the Central and Eastern European countries began their transition reforms toward democracy and free market economy, Poland’s experience has stood out as extraordinarily successful when compared to other countries in the region, especially considering its problems inherited from the previous system. Over the past 20 years, Poland’s GDP has doubled and it showed remarkable resilience in the face of the 2008 financial crisis. In the presentation delivered during 133rd mBank – CASE Seminar, professor Ander Aslund focused on the political reforms and institutional factors that provided for the success of the Polish transition. He discussed the main features of the Balcerowicz Plan, and some of the major points of criticisms directed against it. read more » about The Polish Transition in a Comparative Perspective

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Lessons from defense economics – can defense expenditures stimulate economic growth in Poland?
02.10.2014 | Maciej Sobolewski

By 2022 Poland plans to spend 130 billion PLN on technical modernization of its army. All major types of armed forces will upgrade their attack and defense capabilities by major purchases of submarines, battle ships, helicopters, anti-missiles and anti-aircraft defense systems. read more >>

Which countries' fund managers specialise in Chinese solar company investments?
22.10.2014 |
Bryane Michael

The video covers the What Role Can an International Financial Centre's Law Play in the Development of a Sunrise Industry? The Case of Hong Kong and Solar Powered Investments article, written by CASE Fellow, Bryane Michael, which can be downloaded here.

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