Real Exchange Rate Appreciation in Central and Eastern European Countries
Author: José García Solanes
Publisher: Fundacion BBVA
Published: 2008
Total Pages: 71
ISBN-13:
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Emigration and Its Economic Impact on Eastern Europe
Author: Mr.Ruben Atoyan
Publisher: International Monetary Fund
Published: 2016-07-20
Total Pages: 48
ISBN-13: 1498367453
DOWNLOAD EBOOKThis 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.
Economic Transition in Central and Eastern Europe
Author: Daniel Gros
Publisher: Cambridge University Press
Published: 2004-03-25
Total Pages: 376
ISBN-13: 1316582949
DOWNLOAD EBOOKAnalysing the key problems facing the transition countries in Central and Eastern Europe, this accessible book describes the legacy of the central planners, the progress achieved so far and the need for further reforms. It documents the outstanding successes and failures, and analyses why certain approaches to transition have worked and others have not. It tests where transition is over and shows how some countries have graduated from 'transition' to 'integration' through their efforts to join the European Union (EU). It discusses the costs and benefits of the eastern enlargement of the EU. The specific experiences of German unification, the Soviet Union's disintegration, and Russia's complex reforms are examined, as are the specific issues that need to be addressed in the Balkans. The book concludes by indicating how the expanding EU could help the poor performers through inclusion in a continent-wide integrated economic area.
Euro Adoption in Central and Eastern Europe
Author: Ms.Susan Schadler
Publisher: International Monetary Fund
Published: 2005-04-18
Total Pages: 222
ISBN-13: 9781589063709
DOWNLOAD EBOOKEight central and eastern European countries--the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovak Republic, and Slovenia--officially joined the European Union (EU) in May 2004. This auspicious milestone marked the beginning of the next major step for these countries in their move toward full integration with the EU-adoption of the euro. Seeking to consider the opportunities and challenges of euro adoption, the papers in this volume--by a noted group of country officials, academics, representatives of international institutions, and market participants-offer insight on the various dimensions of euro adoption in these eight new EU members--how they should prepare, whether an early move is optimal, and what pitfalls may occur along the way.
Turkey and Central and Eastern European Countries in Transition
Author: V. Balasubramanyam
Publisher: Springer
Published: 2016-05-23
Total Pages: 305
ISBN-13: 0333978005
DOWNLOAD EBOOKThis book offers a comparative study of the Central and Eastern European and Turkish economies that analyses the implications of EU enlargement. The contributors discuss issues related to the creation of a legal infrastructure that encourages entrepreneurial initiative, fair competition, market forces and investor confidence. They assess the benefits of following prudent monetary and fiscal policies together with appropriate competition, trade and foreign direct investment policies in Turkey and Central and Eastern Europe.
Equilibrium Exchange Rates of Central and Eastern European Countries on the Road to the European Monetary Union
Author: Jörg Rahn
Publisher: Peter Lang Publishing
Published: 2005
Total Pages: 204
ISBN-13:
DOWNLOAD EBOOKThe upcoming enlargement of the European Monetary Union involves the selection of appropriate reference rates at which the exchange rates of the accession countries will be fixed against the euro in order to avoid economic distortions as consequences of serious exchange rate misalignments. Determination of an exchange rate that is neither undervalued nor overvalued raises the issue of equilibrium exchange rates. Based on time series as well as panel estimation techniques three different concepts - BEER, PEER and PPP - are applied in this study to calculate equilibrium exchange rate levels for ten Central and Eastern European countries. The results indicate significant real misalignments in a number of accession countries.
The New Capital Markets in Central and Eastern Europe
Author: Michael Schröder
Publisher: Springer Science & Business Media
Published: 2012-12-06
Total Pages: 539
ISBN-13: 3642565204
DOWNLOAD EBOOKAn excellent analyses of the effects of EU enlargement on capital markets in the most advanced countries of Central and Eastern Europe and Russia. It also investigates the EU's impact on the interactions between Eastern and Western capital markets. The study is particularly useful for financial analysts, institutional investors and academic researchers who are interested in the economic and institutional developments of capital markets in CEE countries.
Currency and Competitiveness in Europe
Author: Klaus Liebscher
Publisher: Edward Elgar Publishing
Published: 2008-01-01
Total Pages: 337
ISBN-13: 1848445091
DOWNLOAD EBOOKCompetitiveness is a notoriously slippery concept. This volume, featuring a galaxy of economic stars, lends some much-needed precision to the term and the debate over its determinants. Barry Eichengreen, University of California, Berkeley, US This book combines currency matters with competitiveness considerations, with a view to raising the understanding of exchange rate dynamics and to analysing the role of exchange rates in reinforcing economic competitiveness. The overall focus is on highlighting the link between currency developments and the real side of the economy. From a regional perspective, the contributions centre on developments in Central, Eastern and South-eastern Europe and thus put a special emphasis on aspects of transition and convergence. More specifically, the book addresses key issues of financial globalization and global imbalances; the role of macroeconomic fundamentals in exchange rate economics; the role, objectives and challenges of regional monetary unions; exchange rate dynamics in transition economies and the competitiveness of catching-up countries. It also addresses the structural aspects of competitiveness and the significance of qualitative and quantitative aspects of competitiveness. Offering the views of eminent academics and professionals, this book will be of great interest to economists and central bankers as well as to international organizations, universities and research institutes.
Monetary Policy in Central and Eastern Europe
Author: Peter Havlik
Publisher:
Published: 1996
Total Pages: 268
ISBN-13:
DOWNLOAD EBOOKTransformation and Crisis in Central and Eastern Europe
Author: Bruno Dallago
Publisher: Routledge
Published: 2016-05-05
Total Pages: 305
ISBN-13: 1317625242
DOWNLOAD EBOOKThe global financial crisis has provided an important opportunity to revisit debates about post-socialist transition and the relative success of different reform paths. Post-communist Central and Eastern Europe (CEECs) in particular show resilience in the wake of the international crisis with a diverse range of economic transformations. Transformation and Crisis in Central and Eastern Europe offers an in depth analysis of a diverse range of countries, including Poland, Hungary, Russia, Ukraine, Czech Republic and Slovakia. This volume assesses each country’s institutional transformations, geopolitical policies, and local adaptations that have led them down divergent post-communist paths. Chapters take the reader systematically through the evolution of former communist national economic systems, before ending with lessons and conclusions for the future. Subsequent chapters demonstrate that economic performance crucially depends on achieving a sustainable balance between sound institutional design and policies on one hand, and localization on the other. This new volume from a prestigious group of academics offers a fascinating and timely study which will be of interest to all scholars and policy makers with an interest in European Economics, Russian and East European Studies, Transition Economies, Political Economy and the post-2008 world more generally.
