Real Convergence In Central Eastern And South Eastern Europe
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Real Convergence in Central, Eastern and South-Eastern Europe by R. Martin,A. Winkler Pdf
This book brings together policymakers, high-level practitioners, academics, and experts from central banks and international institutions in order to review key policy challenges for convergence in the region of central, eastern and south-eastern Europe. Contributions focus especially on inflation, growth, migration and the balance of payments.
Does EU Membership Facilitate Convergence? The Experience of the EU's Eastern Enlargement - Volume I by Michael Landesmann,István P. Székely Pdf
This edited volume analyses how EU membership influenced the convergence process of member countries in the Baltics, Central-Eastern and South-Eastern Europe. It also explores countries that are candidates for future EU membership. The speed of convergence of significant groups of low- and medium-income countries has never been as fast globally as it is today. Contributions by lead researchers of the area explore whether these countries are converging faster than their fundamentals and global trends would suggest because of EU membership, with its much tighter institutional and political anchorage
Does EU Membership Facilitate Convergence? The Experience of the EU's Eastern Enlargement - Volume II by Michael Landesmann,István P. Székely Pdf
This edited volume analyses the channels through which EU membership contributed to the convergence process of member countries in the Baltics, Central-Eastern and South-Eastern Europe. These channels include trade, investment, finance, labour, and laws and institutions. Global integration has certainly played an important role. A large part of FDI flows and financial integration in the world have been persistent features of globalization. Have these countries experienced more intensive integration through these channels because of EU membership, with its much tighter institutional and political anchorage, than their fundamentals and global trends would suggest? Contributions by lead researchers of the area address different aspects of this question. .
The Economic History of Central, East and South-East Europe by Matthias Morys Pdf
The collapse of communism in Central, East and South-East Europe (CESEE) led to great hopes for the region and for Europe. A quarter of a century on, the picture is mixed: in many CESEE countries, the transformation process is incomplete, and the economic catch-up has taken longer than anticipated. The current situation has highlighted the need for a better understanding of the long-term political and economic implications of the Central, East and South-East European historical experience. This thematically organised text offers a clear and comprehensive guide to the economic history of CESEE from 1800 to the present day. Bringing together authors from both East and West, the book also draws on the cutting-edge research of a new generation of scholars from the CESEE region. Presenting a thoroughly modern overview of the history of the region, the text will be invaluable to students of economic history and CESEE area studies.
Author : Henryk Doma?ski Publisher : Central European University Press Page : 200 pages File Size : 42,5 Mb Release : 2000-01-01 Category : Political Science ISBN : 9639116823
On the Verge of Convergence by Henryk Doma?ski Pdf
"Applying the Erikson-Goldthorpe classification of class positions, Domanski presents fully comparable data to enable political comparisons to be made with other countries, especially those with firmly established free-market economies."--BOOK JACKET.
Reassessing the Role of State-Owned Enterprises in Central, Eastern and Southeastern Europe by Christine J. Richmond,Ms.Dora Benedek,Ezequiel Cabezon,Bobana Cegar,Mr.Peter Dohlman,Michelle Hassine,Beata Jajko,Piotr Kopyrski,Maksym Markevych,Mr.Jacques A Miniane,Mr.Francisco J Parodi,Gabor Pula,Mr.James Roaf,Min Kyu Song,Mariya Sviderskaya,Rima Turk,Mr.Sebastian Weber Pdf
The Central, Eastern, and South Eastern European (CESEE) region is ripe for a reassessment of the role of the state in economic activity. The rapid income convergence with Western Europe of the early 2000s was not always equally shared across society, and it has now slowed dramatically in many countries of the region.
Real Convergence, Capital Flows, and Competitiveness in Central and Eastern Europe by Ansgar Belke,Gunther Schnabl,Holger Zemanek Pdf
The paper scrutinizes the role of wages and capital flows for competitiveness in the new EU member states in the context of real convergence. For this purpose it extends the seminal Balassa-Samuelson model by international capital markets. The augmented Balassa-Samuelson model is linked to the monetary overinvestment theories of Wicksell and Hayek in order to trace cyclical deviations of real exchange rates from the productivity-driven equilibrium path. Panel estimations for the period from 1993 to 2008 reveal mixed evidence for the role of capital markets for both the economic catch-up process and international competitiveness of the Central and Eastern European countries.
30 Years of Transition in Europe by Robert Holzmann,Doris Ritzberger-Grünwald,Helene Schuberth Pdf
This thought-provoking book investigates the political and economic transformation that has taken place over the past three decades in Central, Eastern and Southeastern Europe (CESEE) since the fall of the Iron Curtain. Through an examination of both the successes and shortcomings of post communist reform and the challenges ahead for the region, it explores the topical issues of economic transition and integration, and highlights lessons to be learned.
Regional Economic Issues, Central, Eastern, and Southeastern Europe by International Monetary Fund. European Dept. Pdf
This paper discusses the robust growth that continues in most Central and Southeastern European economies as well as in Turkey. Accommodative macroeconomic policies, improving financial intermediation, and rising real wages have been behind the region’s mostly consumption-driven rebound, while private investment remained subdued. In the near-term, strong domestic demand is expected to continue supporting growth amid continued low or negative inflation. The Russian economy went through a sharp contraction last year amid plunging oil prices and sanctions. Other CIS countries were hurt by domestic political and financial woes, as well as by weak demand from Russia. In 2016, output contraction is projected to moderate to around 11⁄2 percent from 41⁄4 percent in 2015 as the shocks that hit the CIS economies gradually reverberate less and activity stabilizes. In the baseline, a combination of supportive monetary policy and medium-term fiscal consolidation remains valid for many economies in the region.
Post-Crisis Growth and Integration in Europe by E. Nowotny,P. Mooslechner,Doris Ritzberger-Grünwald Pdf
Against the backdrop of the financial crisis that unfolded in 2008, this book deals with policy challenges going forward, focusing in particular on the ongoing catching-up process in Central, Eastern and South-Eastern European (CESEE) countries. Whilst having emerged relatively unscathed from the crisis, the CESEE economies nonetheless need to adjust to the new external conditions they will encounter. In this respect, decision-makers are faced with multiple sources of uncertainty: will post-crisis growth be the same as pre-crisis growth? What will be the future role of financial integration, growth financing and exports? What are the particular challenges facing monetary policy-makers and the banking sector in the region? On these issues and related topics, the book provides a multi-disciplinary assessment, combining the views of high-ranking central bankers and other policy-makers, commercial bankers and academics. Economists and students of economic policy and European integration from central, commercial and investment banks, governments, international organizations, universities and research institutes will find this book of great interest and importance, especially those working on Central, Eastern and South-Eastern Europe.
Core-Periphery Patterns across the European Union by Adelaide Duarte,Gabriela Carmen Pascariu Pdf
In this new work, Pascariu and Duarte, along with an international group of acclaimed scholars, delve into key challenges currently facing the European Union. They Analyze the effect of peripherality across the EU regions which will be of great interest to those countries and regions facing a process of integration
The Euro and Economic Stability by Ewald Nowotny,Peter Mooslechner,Doris Ritzberger-Grunwald Pdf
The Euro and Economic Stability assesses the euro area's merits as a shelter and the merits of euro assets as a safe haven and reviews the case for rapid euro adoption from a post-crisis view. Policymakers and economists provide relevant lessons from euro area divergences for future euro area members and, more generally, from the financial crisis, while banking representatives discuss post-crisis business models of banks in the area. Last but not least, a theoretical introductory chapter fills the gap between mainstream macroeconomic modelling and real-world decision-making. The prime audience for this invaluable book will be economists and other experts in the fields of economic policy and European integration from central, commercial and investment banks, governments, international organizations, universities and research institutes. The book is also aimed at readers with a particular interest in the contributions' special regional focus: Central, Eastern and South-Eastern Europe.
Financial Development, Integration and Stability by Klaus Liebscher,Josef Christl,Peter Mooslechner,Doris Ritzberger-Grünwald Pdf
Financial industries in central, eastern and south-eastern Europe have undergone dramatic changes over the past decade. Foreign direct investment contributed to the development of market-oriented banking and financial systems able to support the rapid pace of economic growth in these countries. Policymakers, academics and private sector analysts have contributed to this volume with their stimulating insights on a broad range of issues, from recent credit booms to the cross-border integration of banking and capital markets. Anyone who wants to understand how finance, growth and financial stability interact in transition economies should read this book. Mario Draghi, Governor of the Banca d Italia and Chairman of the Financial Stability Forum This book highlights the achievements and challenges of the ongoing process of financial integration in Europe. The financial integration of Europe is both welcomed as an economic driving force and watched with concern as a source of potential stability. After all, changing financial, regulatory and corporate ownership structures are fuelling competition, capital mobility and financial intermediation, but at the same time creating new systemic risks. With a special focus on Central, Eastern and South-Eastern Europe, the contributors to this book explore a wide spectrum of underlying issues, including the finance-growth nexus, credit boom patterns, the implications of foreign bank entry modes, lessons learned from old EU member states and commercial bank strategies. Authoritative views from central bank officials and policymakers are complemented with a special focus on empirical and econometric evidence from academia as well as practical insights from key financial market players. This unique collection will be of great interest to economists and experts in the fields of financial markets and European integration from central, commercial and investment banks, governments, international organizations, universities and research institutes.
Author : European Investment Bank Publisher : European Investment Bank Page : 80 pages File Size : 46,9 Mb Release : 2019-02-12 Category : Business & Economics ISBN : 9789286138416
Innovation investment in Central, Eastern and South-Eastern Europe by European Investment Bank Pdf
The rise of digital technologies has brought about rapid changes in the way innovation is created and diffused, redefining entire industries. This paper investigates the role that innovation plays in Central, Eastern and South Eastern Europe (CESEE), analysing the innovation performance and investment efforts in different countries in the region. Building on firm-level data from the EIB Investment Survey (EIBIS) and complementary data sources, the paper dives deeper in analysing the financing conditions of investment in innovation as a key driver that may explain differences in investment patterns compared to the rest of the European Union (EU).
Mr.Ruben V Atoyan,Lone Engbo Christiansen,Allan Dizioli,Mr.Christian H Ebeke,Mr.Nadeem Ilahi,Ms.Anna Ilyina,Mr.Gil Mehrez,Mr.Haonan Qu,Ms.Faezeh Raei,Ms.Alaina P Rhee,Ms.Daria V Zakharova
Author : Mr.Ruben V Atoyan,Lone Engbo Christiansen,Allan Dizioli,Mr.Christian H Ebeke,Mr.Nadeem Ilahi,Ms.Anna Ilyina,Mr.Gil Mehrez,Mr.Haonan Qu,Ms.Faezeh Raei,Ms.Alaina P Rhee,Ms.Daria V Zakharova Publisher : International Monetary Fund Page : 48 pages File Size : 54,6 Mb Release : 2016-07-20 Category : Social Science ISBN : 9781475576368
Emigration and Its Economic Impact on Eastern Europe by Mr.Ruben V Atoyan,Lone Engbo Christiansen,Allan Dizioli,Mr.Christian H Ebeke,Mr.Nadeem Ilahi,Ms.Anna Ilyina,Mr.Gil Mehrez,Mr.Haonan Qu,Ms.Faezeh Raei,Ms.Alaina P Rhee,Ms.Daria V Zakharova Pdf
This paper analyses the impact of large and persistent emigration from Eastern European countries over the past 25 years on these countries’ growth and income convergence to advanced Europe. While emigration has likely benefited migrants themselves, the receiving countries and the EU as a whole, its impact on sending countries’ economies has been largely negative. The analysis suggests that labor outflows, particularly of skilled workers, lowered productivity growth, pushed up wages, and slowed growth and income convergence. At the same time, while remittance inflows supported financial deepening, consumption and investment in some countries, they also reduced incentives to work and led to exchange rate appreciations, eroding competiveness. The departure of the young also added to the fiscal pressures of already aging populations in Eastern Europe. The paper concludes with policy recommendations for sending countries to mitigate the negative impact of emigration on their economies, and the EU-wide initiatives that could support these efforts.
