Professional Activities

Editor, Journal of Comparative Economics, 1996-present

President, Association for Comparative Economic Studies, 1996.

Member of Board of Directors, National Council for Eurasian and East European Research, 1998 - present;

Faculty Affiliate and Research Fellow, William Davidson Istitute University of Michigan Business School, 1996-present.

Expert Witness, Civil Action No. 96-CV-4152, Ceska Sporitelna v. Unisys Corporation, Deposed, December 1998.

Recent Publications:

"Disposing the Bad Debts of Chinese State-owned Banks (in Chinese),"Comparative Economic and Social Systems (English translation), No. 6, 1999, with Yiping Huang. "Revisiting Hungary's Bankruptcy Episode," forthcoming in Anna Meyendorff ed., Finance and Corporate Governance in Transition Economies, MIT Press with Mark Schaffer. "Financial Sector Development in Transition Economies," forthcoming in Mario Blejer and Marko Skreb (eds.), Ten Years of Transition: What Have We Learned and What Lies Ahead? Cambridge University Press, with Paul Wachtel; Banking in Transition Economies:Developing Market Oriented Banking Sectors in Eastern Europe, Edward Elgar Publishing Limited (Cheltenham, U.K.), 1998, with Kálmán Mizsei, István Székely, and Paul Wachtel. "Bank Privatization in Poland: The Case of Bank Slaski," Journal of Comparative Economics, Vol. 25, No. 1 (Aug) 1997, with Jeffery Abarbanell. "Polish Bank Consolidation and Foreign Competition: Creating a Market-Oriented Banking Sector," Journal of Comparative Economics, Oct. 1996 with B. Leven; "Incentives and Monitoring in Cooperatives Under Labor Proportionate Sharing Schemes," Journal of Comparative Economics, 1993, with L. Putterman; "Theoretical and Empirical Studies of Producer Cooperatives: Will Ever the Twain Meet?" Journal of Economic Literature, 1993 with D. Jones and L. Putterman. "Membership and Employment in an Egalitarian Cooperative," Economica, Vol. 51, No. 203 (Aug. 1984). "On the Design of Managerial Incentives Structures in a Decentralized Planning Environment," American Economic Review, Vol. 66, No. 4 (Sept. 1976). Unpublished Manuscripts "Can Banks Promote Enterprise Restructuring?: Evidence from a Polish Bank's Experience," William Davidson Institute Working Paper #294, March 2000 with Bozena Leven. "Dealing with the Bad Loans of Chinese Banks," unpublished manuscript Feb. 2000 with Yiping Huang. "Bad Loans and Banking Reform in China," World Bank Working Paper, Sept. 1999 with Hang-Sheng Cheng and Dwight M. Jaffee. "China's Banking Sector: Fragile Reed or Gradually Strengthening Pillar?" William Davidson Institute Discussion Paper #249, June 1999. "Lessons from Bank Privatization in Central Europe," William Davidson Institute Working Paper #245, May 1999 with Paul Wachtel.