From crisis to recovery [electronic resource] : old and new challenges in emerging Europe /
Bracke, T.editor.
Martin, R.editor.
Emerging Europe has suffered a severe economic crisis in recent years, and is only gradually recovering; the prospects for a convergence with the rest of the EU are still uncertain. In this book policymakers, high-level practitioners and experts from central banks identify the main reasons for the crisis and the challenges for the recovery process.
Description based upon print version of record.
Cover; Half-Title; Title; Copyright; Contents; List of Tables; List of Figures; List of Boxes; Acknowledgements; Notes on Contributors; Introduction; 1 Convergence in Central and Eastern Europe: Lessons and Non-lessons from the Crisis; 1.1 Introduction; 1.2 Non-lessons for convergence; 1.3 Lessons for convergence; 1.4 Policy lessons; 1.5 Conclusion; 2 Crisis and Recovery in Emerging Europe: The Policy Response in Retrospect and Challenges Ahead; 2.1 Introduction; 2.2 Looking back: what went right?; 2.3 Looking ahead: what could go wrong?; 2.4 Conclusion
3 A Fragile Recovery: Emerging Europe since the 2008-09 Crisis3.1 Introduction; 3.2 The state of the recovery: a snapshot; 3.3 Policies since 2009; 3.4 Regional vulnerabilities; 3.5 Conclusion; Summary of Discussion at 2011 ECB Economic Conference on Emerging Europe; 4 Emerging Europe: Refining the Growth Model to Support Sustainable Convergence; 4.1 Introduction; 4.2 The growth model in the pre-crisis years: domestic demand and non-tradable sector; 4.3 The crisis of 2008 and the end of the old growth model; 4.4 Towards more balanced growth
4.5 Raising total factor productivity and labour force participation4.6 Conclusion; Summary of Discussion at 2011 ECB Economic Conference on Emerging Europe; 5 Emerging Europe in the Great Recession: Is Europe different?; 5.1 Introduction; 5.2 The 'European growth model'; 5.3 Financial integration and domestic financial development; 5.4 Financial and trade integration: some stylised facts; 5.5 Foreign currency loans and the adoption of the euro; 5.6 The weakness of the European model of integration: The lack of a Lender of Last Resort; 5.7 Conclusion
Summary of Discussion at 2011 ECB Economic Conference on Emerging Europe6 Balance Sheet Repair and Reviving Private Sector Lending: A Survey of Financial Stability Challenges in Central, Eastern and South-Eastern Europe; 6.1 Introduction; 6.2 Some stylised facts of credit developments in CESEE; 6.3 Structural features of private financial liabilities and bank lending in CESEE; 6.4 Household finances in CESEE: evidence from the OeNB Euro Survey; 6.5 The main challenges for macrofinancial stability in CESEE; 6.6 A short summary and some obvious priorities
Summary of Discussion at 2011 ECB Economic Conference on Emerging Europe7 Challenges after the Crisis in Emerging Europe: A Look outside the EU Borders; 7.1 Introduction; 7.2 Economic and financial challenges in the western Balkans; 7.3 External imbalances and capital flows in the western Balkans; 7.4 Economic and financial challenges in Ukraine; 7.5 Conclusion; Summary of Discussion at 2011 ECB Economic Conference on Emerging Europe; Index
Includes bibliographical references and index.
Emerging Europe has suffered a severe economic crisis in recent years, and is only gradually recovering; the prospects for a convergence with the rest of the EU are still uncertain. In this book policymakers, high-level practitioners and experts from central banks identify the main reasons for the crisis and the challenges for the recovery process.
Economic policy.
Macroeconomics.
Regional economics.
Spatial economics.
Political economy.
Economic growth.
Finance.
Economic Policy.
Macroeconomics/Monetary Economics//Financial Economics.
Regional/Spatial Science.
International Political Economy.
Economic Growth.
Finance, general.