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    • 21.

      No Foreign Banks - A Curse Or A Blessing?


      by Sam Vaknin - 2008-12-09
      The Austrian Erste Bank has just published a report about the state of the banking system in Central and Eastern Europe. Macedonia is not even mentioned. The banking sectors of Bulgaria, Romania, Russ...
    • 22.

      The Pros And Cons Of Corruption


      by Sam Vaknin - 2009-10-25
      Corruption runs against the grain of meritocratic capitalism. It skews the level playing-field; it imposes onerous and unpredictable transaction costs; it guarantees extra returns where none should ha...