Institutions and Convergence
Institutional variables are the most important factor explaining real convergence. But what are institutions? Leszek Balcerowicz, former Deputy Prime Minister and Minister of Finance of Poland and a member of the CASE Supervisory Council examines the relationship between institutions and policies, institutions and organisations, and formal and informal institutions in "Studies and Analyses" no. 342. He presented his paper entitled `Institutions and convergence´ during session 2 `Global Imbalances: Sources, Sustainability, and Policy Responses´ of the Winds of Change conference in March. Click here to view this and other post-conference papers.