For instance, some studies show that structural reforms in the labour markets may be associated with implementation of new monetary regimes, such as inflation targeting. BIS Review 64/2004  1  And secondly there is and will be a lot of healthy competition between new member states about new foreign investments. A successful reform process will be an asset in this field. 4.
Stable and satisfactory institutional transition  Regarding institutional transition, we need to define “stable” or “satisfactory” institutional transition. The paper seems to take a view according to which “stable” institutional transition means a process that has evolved progressively without major disruptions or reversals.