The Economics and Econometrics Research Institute (EERI) is an inter-University research centre. The aim of EERI is to provide a forum in which scholars can address some of their common concerns. The objective of the Institute is to promote fundamental research in economics and econometrics. It also encourages the participation of economists and econometricians in addressing issues of public importance.
EERI provides common services for its researchers and for the
users of its research, and it obtains funding for the activities
it develops. In particular, EERI develops projects and obtains
funding for them, administers and executes the projects, and
disseminates the results of the research.
Institute's Research Fellows approach EERI with ideas for research initiatives and projects, for which funding is required. The Institute's staff works with the Research Fellows to develop the project, both in terms of its scientific content, administrative arrangements and budget. EERI then approaches potential funders, who range from charitable foundations to government departments and central banks.
Once funding has been obtained for the project, the Institute administers the grant on behalf of the Research Fellow(s) concerned, and takes responsibility for reporting to the donors on the activities undertaken and expenditures incurred under the grant. In order to carry out the research, it is often necessary for the researchers concerned to meet with other members of the project in order to discuss and compare their research results. EERI therefore organises research workshops and conferences, for its Research Fellows in order to advance the research. The Institute also distributes the results of this research in the first instance through its EERI Research Papers series. These Research Papers are circulated widely to other specialists in the research community so that the results of the research receive prompt and thorough professional scrutiny.
Once the research nears completion, the Institute also disseminates the key results of the research to a wide audience in the private sector and the policy community. This dissemination takes place both through publications and meetings. EERI also produces a wide range of reports, books and conference volumes each year. Research results are also presented at public meetings.
Pavel Ciaian, Miroslava Rajcaniova, d'Artis Kancs 'The Economics of BitCoin Price Formation'