List of Publications
Jarko Fidrmuc
Refereed Journals
‘Default Rates in the Loan Market for SMEs: Evidence from Slovakia’ (jointly with Christa
Hainz), forthcoming in Economic Systems.
‘Corporate Interest Rates and the Financial Accelerator in the Czech Republic’ (jointly with
Roman Horváth and Eva Horváthová), forthcoming in Emerging Markets Finance and Trade.
‘The Impact of the Global Financial Crisis on Business Cycles in the Emerging Economies in
Asia’ (jointly with Iikka Korhonen), Journal of Asian Economics, forthcoming (published
online).
‘Fundamentals and Technical Trading: Behavior of Exchange Rates in the CEECs’ (jointly
with Mikael Bask), Open Economies Review, 20 (5), 2009, 589-605.
‘Gravity Models in Integrated Panels’, Empirical Economics, 37 (2), 2009, 435-446.
‘Money Demand and Disinflation in Selected CEECs,’ Applied Economics 41 (10), 2009,
1259-1267.
‘The Transmission of Business Cycles: Implications for EMU Enlargement’ (jointly with
Michael Artis and Johann Scharler), Economics of Transition 16 (3), 2008, 559-582.
‘Structural Changes in the Austrian Foreign Trade with Eastern Europe between 1955 and
1987’ (jointly with Sylvia Kaufmann and Andreas Resch), Empirica 35 (5), 2008, 465-479.
‘EU Enlargement and Trade Integration: Lessons from a Gravity Model’ (jointly with
Matthieu Bussière and Bernd Schnatz), Review of Development Economics 12 (3), 2008, 501-
515.
‘Fundamentals, the Exchange Rate and the Next EU Enlargement Rounds – Evidence from
Bulgaria, Croatia, Romania and Turkey’ (jointly with Jesús Crespo-Cuaresma and Maria
Antoinette Silgoner), Empirica 35 (2), 2008, 195-211.
‘Volatility of Exchange Rates in Selected New EU Members: Evidence from Daily Data’
(jointly with Roman Horváth), Economic Systems, 32 (1), 2008, 103-118.
‘Meta-analysis of the business cycle correlation between the euro area and the CEECs’
(jointly with Iikka Korhonen), Journal of Comparative Economics, 34 (3), 2006, 518-537.
‘On the Road: The Path of Bulgaria, Croatia, Romania and Turkey to the EU and the Euro’
(jointly with Jesús Crespo-Cuaresma and Maria Antoinette Silgoner), Europe-Asia Studies, 57
(6), 2005, 843 – 858.
‘Trade Structure during Accession to the EU,’ Post-Communist Economies, 17 (2), 2005,
225-234.
‘The Monetary Approach to Exchange Rates in the CEECs’ (jointly with Jesús Crespo-
Cuaresma and Ronald MacDonald), Economics of Transition, 13 (2), 2005, 395-416.
‘The Core and Periphery of World Economy’, Journal of International Trade & Economic
Development, 13 (1), 2004, 89-106.
‘The Endogeneity of the Optimum Currency Area Criteria, Intra-Industry Trade, and EMU
Enlargement,’ Contemporary Economic Policy, 22 (1), 2004, 1-12.
‘The Euro Goes East: Implications of the 2000-2002 Economic Slowdown for
Synchronization of Business Cycles between the Euro Area and CEECs’ (jointly with Iikka
Korhonen), Comparative Economic Studies, 46 (1), 2004, 45-62.
‘Disintegration and Trade’ (jointly with Jan Fidrmuc), Review of International Economics, 11
(5), 2003, 811-829.
‘The Feldstein-Horioka Puzzle and Twin Deficits in Selected Countries,’ Economics of
Planning, 36 (2), 2003, 135-152.
‘Similarity of Supply and Demand Shocks between the Euro Area and the CEECs’ (jointly
with Iikka Korhonen), Economic Systems, 27 (3), 2003, 313-334.
‘Does Foreign Policy Determine Foreign Trade? Cointegration Analysis of Exports from
Selected Countries to the Middle East’ (jointly with Andreas Wörgötter and Julia Wörz),
Applied Economics, 35 (5), 2003, 565-571.
‘Price Dynamics in Central and Eastern European EU Accession Countries’ (jointly with
Peter Backé, Thomas Reininger and Franz Schardax), Emerging Markets Finance and Trade
(former Russian and East European Finance and Trade), 39 (3), 2003, 42-78.
‘Poland’s Accession to the European Union, Demand for Protection of Selected Sensitive
Products’ (jointly with Peter Huber and Jan Jakub Michalek), MOCT/MOST, 11 (1), 2001, 47-
70.
‘Macroeconomic Developments in the Czech Republic and the EU Accession’ (jointly with
Jan Fidrmuc), Prague Economic Papers, 9 (4), 2000, 309-324.
‘Stability of Monetary Unions: Lessons from the Break Up of Czechoslovakia’ (jointly with
Jan Fidrmuc and Julius Horvath), Journal of Comparative Economics, 27 (4), 1999, 753-81.
‘The Political Economy of EU’s Eastern Enlargement: Implications of the Restructuring of
EU’s Trade with CEECs’, Atlantic Economic Journal, 28 (1), 83-91.
‘East-West Intra-Industry Trade Dynamics’ (jointly with Daniela Grozea-Helmenstein and
Andreas Wörgötter), Weltwirtschaftliches Archiv, 135 (2), 1999, 332-346.
‘Trade Diversion in ‘Left-Outs’ in Eastward Enlargement of European Union, The Case of
Slovakia’, Europe-Asia Studies, 51 (4), 1999, 633-645.
‘Labor Market Effects of Direct Investment in Austria: Evidence from Industry Data between
1990 and 1995’ (jointly with Daniela Grozea-Helmenstein:), Wirtschaftspolitische Blätter Nr.
6, 1998, 548-553.
Edited Books
‘The Economic Performance of the European Union: Issues, Trends and Perspectives’ (edited
jointly with Antonin Rusek and Lubor Lacina), Palgrave Macmillan, New York, 2008, 262
pages.
Book Volumes
‘New Global Players and Disharmonies in the World Orchestra: Cohesion Analysis of
Business Cycles of China’ (jointly with Iikka Korhonen and Ivana Bátorová), In: Rusek,
Antonin, Lacina, Lubor and Fidrmuc, Jarko (Eds) The Economic Performance of the
European Union: Issues, Trends and Perspectives, Palgrave Macmillan, New York, 2008,
241-253.
‘Exchange Rate Dynamics in Selected New EU Member States’ (jointly with Roman
Horváth), In: Stavárek, Daniel and Stanislav Polouček (Eds) The Financial Sector in the
Enlarging European Union, Cambridge Scholars Press, 2006, 191-206.
‘Trade integration of the new EU member states and selected South-East European countries:
lessons from a gravity model’ (jointly with Matthieu Bussière and Bernd Schnatz) In:
Liebscher, K., Christl, J., Mooslechner, P., Ritzberger-Grünwald, D. (Eds.) European
Economic Integration and South-East Europe: Challenges and Prospects. Edward Elgar,
Cheltenham, UK and Northampton, MA, USA, 2006.
‘The Endogeneity of the Optimum Currency Area Criteria and Intra-industry Trade:
Implications for EMU Enlargement’. In De Grauwe, Paul and Mélitz, Jacques (Eds),
Monetary Unions after EMU, Cambridge, MA: MIT Press, 2006.
‘Intraindustry Trade between the EU and the Acceding Countries: The Importance of Foreign
Direct Investment on Trade Structure’ (jointly with Martin Djablik). in Christl, J. and P.
Mooslechner (Eds), ‘The Economic Potential of a Larger Europe.’ Edward Elgar, 2004, 110-
126.
‘The monetary approach to exchange rates in the CEECs: Implications for the Czech
Republic’ (jointly with Jesús Crespo-Cuaresma and Ronald MacDonald), in Ekonomické
Teorie a Česká ekonomika, II. Sborník Příspěvků Ze Série Ekonomických seminářů,
Komárek and Mederová (eds.), Česká společnost ekonomická, 2003.
‘Is Accession to EMU More Justifiable ex post than ex ante?’ in: De Souza, Lucio Vinhas and
Bas van Aarle (Eds.): The Euroarea and the New EU Member States, Palgrave, Hampshire,
2003, 23-38.
‘Twin Deficits – Implications of Current Account and Fiscal Imbalances for the Accession
Countries.’ In: Tumpel-Gugerell, G., Mooslechner, P. (eds.). Structural Challenges for
Europe. Edward Elgar, Cheltenham, UK and Northampton, MA, USA, 2003, 141-159.
‘The Endogeneity of the Optimum Currency Area Criteria, Intraindustry Trade, and EMU
Enlargement’ in: Heiduk, Günter and Julius Horvath (Eds.): On Some Currency Regime
Considerations for the Visegrad Countries, Duisburger Volkswirtschaftliche Schriften, Band
39, Duncker & Humbold, Berlin, 2003, 69-94.
‘Optimal Currency Area Between the EU and Accession Countries: The Status Quo,’ (jointly
with Iikka Korhonen) in: Tumpel-Gugerell, Gertrude and Peter Mooslechner (Eds.):
Economic Convergence And Divergence in Europe, Growth and Regional Development in an
Enlarged European Union, Edward Elgar, Cheltenham, UK, 2003, 209-230.
‘Will the Slovaks Stay the Course?’ (jointly with Patricia Dillon, Frank C. Wykoff and Ming
Xie) in: Dillon, Patricia and Frank C. Wykoff (Eds.): Creating Capitalism, Transitions and
Growth in Post-Soviet Europe, Edward Elgar, Cheltenham, UK, 2002, 220-237.
‘The ‘Pre-Ins’ Ante Portas? Euro Area Enlargement, Optimum Currency Area and Nominal
Convergence’ (jointly with Franz Schardax), in: Caesar, Rolf and Hans-Eckart Scharrer
(Eds.), European Economic and Monetary Union: An Initial Assessment, Nomos
Verlaggesellschaft, Baden-Baden, 2002.
‘Winners and Losers of EU Integration in Slovakia’ (jointly with Jan Fidrmuc), in: Tang,
Helena (Ed.): Winners and Losers of EU Integration, Policy Issues for Central and Eastern
Europe, World Bank, Washington DC, 2000.
‘The Effects of the Russian Crisis on Selected Central and Eastern European EU Candidate
Countries’ (jointly with Peter Backé), in: Komulainen, Tuomas and Iikka Korhonen (Eds.),
Russian Crisis at its Effects, Kikimora Helsinki, 2000.
Akcesja Polski do Unii Europejskiej: zapotrzebowanie na ochrone wybranych towarow (in
Polish, jointly with Peter Huber and Jan Jakub Michalek), Studia Europejskie, Centrum
Europejsie Uniwersytetu Warrszawskiego, Warsaw, Nr. 2 (14), 2000, 45-73.
‘Trade Diversion of the “Left-Outs” in the Eastward Enlargement of European Union, The
Case of Slovakia,’ in Stepanek, Milos (Ed.): The Role of CEFTA in the Process of EU
Enlargement, Association for the Study of International Relations, Prague and Institute for
International Relations, 1999, Prague.
‘Austrian Experience of the Entrance to the European Union’ (jointly with Karl Pichelmann),
in: Courbis, R. and W. Welfe (Eds.): Central and Eastern Europe on its Way to European
Union, 1999, pp. 271-293.
‘Development of Capital Market in Slovakia’ (jointly with Viliam Páleník and Ladislav
Uncovský), in: Helmenstein C. (Ed.): Capital Markets in Transition Economies, Edward
Elgar, Cheltenham, UK, 1999.
‘East-West Trade in Transition, The Case of Austria’ (jointly with Christian Helmenstein and
Peter Huber), in: Cook, G. (Ed.): The Economics and Politics of International Trade,
Routledge, London 1998.
‘Cross-Border Development in the Vienna/Bratislava Region: A Review’ (jointly with
Wilfried Altzinger and Gunther Maier), in: U. Graute (Ed.): Sustainable Development for
Central and Eastern Europe, Spatial Development in the European Context, Springer Berlin
1998.
‘Intra-industry Trade and Competitiveness of CEEC’ (jointly with Daniela Grozea-
Helmenstein and Andreas Wörgötter), in N. Dimc (Ed.): The Competitiveness of Countries in
Transition During Their Economic Depression and Recovery, Open Society Institute -
Slovenia, Ljubljana, 1998.
‘Impediments to Exports in Slovakia’ (jointly with Jan Fidrmuc), in Gacs, J. and R. Cooper
(Ed.) Impediments to Exports in Small Transition Economies, Edward Elgar, London, 1997.
‘Impact of Reforms on the East-West Trade 1989-1994’ (jointly with Christian Helmenstein
and Peter Huber), in: Orvin, R. (Ed.): Reform and Economic Policy Coordination, Maribor
(Slovenia), 1996.
‚Die Entwicklung der Ost-West Handelsverflechtung seit 1989: Österreichs und die EU im
Vergleich‘ (mit Andreas Wörgötter), in: “Der österreichische Außenhandel, Das Jahrbuch
1995” Bundesministerium für wirtschaftliche Angelegenheiten, Wien 1995.
‘Ethnic Minorities and Regional Unemployment’, in: Scarpetta, S. and A. Wörgötter (Eds.):
The Regional Dimension of Unemployment in Transition Countries, OECD, Paris, 1995.
Refereed Journals of the Austrian National Bank
‘Austria’s EU Accession and Trade,’ Monetary Policy & The Economy No. 2, 2005,
Oesterreichische Nationalbank, Vienna, 170-177.
‘Auswirkungen des EU-Beitritts auf den österreichischen Außenhandel,’ Geldpolitik &
Wirtschaft Nr. 2, 2005, Oesterreichische Nationalbank, Vienna, 182-191.
‘Exchange Rate Developments and Fundamentals in Four EU Accession and Candidate
Countries: Bulgaria, Croatia, Romania and Turkey’ (jointly with Jesús Crespo-Cuaresma and
Maria Antoinette Silgoner), Focus on European Economic Integration No. 2, 2004,
Oesterreichische Nationalbank, Vienna, 119-137.
‘A Meta-Analysis of Business Cycle Correlations between the Euro Area, CEECs and SEECs
- What do we Know?’ (jointly with Iikka Korhonen), Focus on European Economic
Integration No. 2, 2004, Oesterreichische Nationalbank, Vienna, 76-94.
‘The Monetary Approach to Exchange Rates: Panel Data Evidence for Selected CEECs’
(jointly with Jesús Crespo-Cuaresma and Ronald MacDonald), Focus on Transition No. 2,
2003, Oesterreichische Nationalbank, Vienna, 72-83.
‘Twin Deficits: Implications of Current Account and Fiscal Imbalances for the Accession
Countries,’ Focus on Transition, No. 2, 2002, Oesterreichische Nationalbank, Vienna, 72-83.
‘Osterweiterung der EU: Auswirkungen auf die EU-15 und insbesondere auf Österreich, Ein
Literaturüberblick zu ausgewählten Aspekten’ (jointly with Gabriel Moser, Wolfgang
Pointner, Doris Ritzberger-Grünwald, Paul Schmidt, Martin Schneider, Alexandra Schober-
Rhomberg and Beat Weber), Berichte und Studien Nr. 2, 2002, Oesterreichische
Nationalbank, Vienna, 132-158.
‘EU Enlargement to the East: Effects on the EU-15 in General and on Austria in Particular An
Overview of the Literature on Selected Aspects’ (jointly with Gabriel Moser, Wolfgang
Pointner, Doris Ritzberger-Grünwald, Paul Schmidt, Martin Schneider, Alexandra Schober-
Rhomberg and Beat Weber), Focus on Transition No. 1, 2002, Oesterreichische
Nationalbank, Vienna, 44-70.
‘Private Kapitalströme in die Emerging Markets in den Neunzigerjahren und die
Auswirkungen auf die Finanzmärkte’ (jointly with Ulrike Ditlbacher and Patricia Walter),
Finanzmarktstabilitätsbericht No. 4, 2002, Oesterreichische Nationalbank, 124-141.
‘Private Capital Flows to Emerging Markets in the 1990s and their Impact on Financial
Markets’ (jointly with Ulrike Ditlbacher and Patricia Walter), Financial Stability Report
VolNo. 4, 2002, Oesterreichische Nationalbank, 115-130.
‘Similarity of Supply and Demand Shocks Between the Euro Area and the CEECs’ (jointly
with Iikka Korhonen), Focus on Transition No. 2, 2001, Oesterreichische Nationalbank,
Vienna, 26-42.
‘Intraindustry Trade between the EU and the CEECs: The Evidence of the First Decade of
Transition,’ Focus on Transition No. 1, 2001, Oesterreichische Nationalbank, Vienna, 65-78.
‘More “Pre-Ins” Ante Portas? Euro Area Enlargement, Optimum Currency Area, and
Nominal Convergence’ (jointly with Franz Schardax), Focus on Transition, No. 2, 2000,
Oesterreichische Nationalbank, Vienna, 28-47.
‘The Effects of the EU’s Eastern European Enlargement on Austria — Austria’s Specific
Position’ (jointly with Thomas Nowotny), Focus on Transition No. 1, 2000, Oesterreichische
Nationalbank, Vienna, 100-131.
‘Increasing Integration of Applicant Countries into International Financial Markets:
Implications for Monetary and Financial Stability’ (jointly with Franz Schardax), Focus on
Transition No. 2, 1999, Oesterreichische Nationalbank, Vienna, 28-46.
Recent Working Papers
‘Foreign Languages and Trade’ (with Jan Fidrmuc), Working Paper No. 7228, 2009, CEPR
London, 30 pages.
‘The Outbreak of the Russian Banking Crisis: What a Surprise!’ (with Philipp Johann Süß),
Working Paper No. 16, University of Munich, 2009, 23 pages.
‘The Impact of the Global Financial Crisis on Business Cycles in Asian Emerging
Economies’ (with Iikka Korhonen), Working Paper No. 11, BOFIT, Helsinki, 2009, 25 pages.
‘Oil Price Shock and Structural Changes in CMEA Trade. Pouring Oil on Troubled Waters?’
(with Elisabeth Beckmann), Working Paper No. 12, University of Munich, 2009, 22 pages.
‘The Impact of the Global Financial Crisis on Business Cycles in Asian Emerging
Economies’ (with Iikka Korhonen), Working Paper No. 2710, CESifo Munich, 2009, 21
pages.
‘Financial Integration and Banking Regulation: Cross-Border Lending in Germany’ (with
Christa Hainz), Research Paper No. 2009-46, 2009, Paolo Baffi Centre, Bocconi University,
Milano, 35 pages.
‘Default Rates in the Loan Market for SMEs: Evidence from Slovakia’ (with Christa Hainz),
Working Paper No. 72, 2009, Ifo Institute for Economic Research Munich, 28 pages.
‘Drivers of Exchange Rate Dynamics in Selected CIS Countries: Evidence from a FAVAR
Analysis’ (with Christian Dreger), Discussion Paper No. 867, 2009, German Institute for
Economic Research, Berlin, 14 pages.
‘Foreign Languages and Trade’ (with Jan Fidrmuc), Working Paper No. 09-14, Brunel
University London, Department of Economics and Finance, 2009, 29 pages.
‘Integrating with Their Feet: Cross-Border Lending at the German-Austrian Border’ (with
Christa Hainz), Discussion Papers 248, SFB/TR 15 Governance and the Efficiency of
Economic Systems, 2008, Free University of Berlin, Humboldt University of Berlin,
University of Bonn, University of Mannheim, University of Munich, 34 pages.
‘Corporate Interest Rates and the Financial Accelerator in the Czech Republic’ (with Roman
Horváth and Eva Horváthová), Discussion Papers in Economics No. 7191, University of
Munich, Department of Economics, 2008, 18 pages.
‘China in the World Economy: Dynamic Correlation Analysis of Business Cycles’ (jointly
with Ivana Bátorová and Iikka Korhonen), Working Paper No. 7, Institute for Economies in
Transition (BOFIT), Bank of Finland, Helsinki, 2008, 17 pages.
‘Integrating with Their Feet: Cross-Border Lending at the German-Austrian Border’ (jointly
with Christa Hainz), Working Paper No. 2279, CESifo Munich, 2008, 35 pages.
‘China in the World Economy: Dynamic Correlation Analysis of Business Cycles’ (jointly
with Ivana Bátorová), United Nations University, World Institute for Development Economic
Research (UNU WIDER), Research Paper No. 2, Helsinki, January 2008, 10 pages.