Turmoil at twenty : recession, recovery, and reform in Central and Eastern Europe and the former Soviet Union

Pradeep Mitra, Marcelo Selowsky, and Juan Zalduendo

Two decades since the fall of the Berlin wall, Central and Eastern Europe and the former Soviet Union, is experiencing the deepest contraction and is expected to see the weakest recovery in output among all emerging and developing economy regions a result of the global financial and economic crisis. Their commitment to open trade and financial integration as part of the transition from plan to market has brought many gains, but a combination of large global imbalances during this period and policy weaknesses in a number of countries made them vulnerable to the crisis. The global recession is e

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Year of publication:	c2010
Authors:	Mitra, Pradeep K.
Other Persons:	Zalduendo, Juan (contributor) ; Selowsky, Marcelo (contributor)
Publisher:	Washington, DC : World Bank
Subject:	Osteuropa \| Eastern Europe \| GUS-Staaten \| CIS countries \| Systemtransformation \| Economic transition \| Konjunktur \| Business cycle \| Finanzkrise \| Financial crisis
Description of contents:	Table of Contents [external.dandelon.com]

Extent:	Online-Ressource (xiv, 258 p) ill., map 23 cm
Type of publication:	Book / Working Paper
Language:	English
Notes:	Includes bibliographical references (p. 253-258) Table of contents; Acknowledgments; Overview; Map 1 Income convergence to the EU15 average income, 2000-09; Table 1 Credit market characteristics in financially integrated countries; Figure 1 Means-tested safety nets: targeting accuracy, coverage, and transfers to the poorest quintile; 1 Prelude to the crisis; Figure 1.1 Income convergence with EU15, by country, 1999 and 2008; Figure 1.2 Trade integration, by region, 1994-2008; Figure 1.3 Financial integration, by region, 1994-2008; Figure 1.4 Labor integration, by country, 2007 and 2008; Vulnerable . . . but with variation Figure 1.5 Capital flows in developing East AsiaFigure 1.6 Capital flows in Europe and Central Asia; Figure 1.7 Capital flows in Latin America and the Caribbean; Figure 1.8 Capital flows in other emerging economies; Figure 1.9 Real GDP growth, median values, 2000-08; Figure 1.10 Current account, net of FDI, median values, 2000-08; Figure 1.11 Inflation, median values, 2000-08; Figure 1.12 Fiscal balance, median values, 2000-08; Figure 1.13 External debt to GDP, median values, 2000-08; Figure 1.14 Ratio of short-term debt to foreign exchange, median values, 2000-08 Box 1.1 Shades of vulnerability-a cluster analysis approach to classifying countriesTransition meets global finance; Table 1.1 Savings-investments balance; Figure 1.15 Current account, net of FDI, median per group, 2000-08; Figure 1.16 Fiscal balance, median per group, 2000-08; Figure 1.17 External debt to GDP, median per group, 2000-08; Figure 1.18 Short-term debt to foreign exchange reserves, median per group, 2000-08; Figure 1.19 Bank ownership patterns in Europe and Central Asia transition economies, 1997 and 2005; Figure 1.20 Banking crises in transition economies, 1990-2002 Figure 1.21 Average return on equity, parent banks and competition, 2004-08Figure 1.22 Average return on assets, parent banks and competition, 2004-08; Table 1.2 Evolution of banking sector indicators, by country, 1999-2008; Figure 1.23 Private sector credit to GDP, median value, 2000-08; Figure 1.24 Loans to deposits, median value, 2000-08; Figure 1.25 Foreign exchange assets to liabilities, median value, 2000-08; Figure 1.26 Liabilities to equity, median value, 2000-08; Figure 1.27 Private sector credit developments in 2005-08: catch-up or excess? Figure 1.28 Real housing price developmentsTable 1.3 Growth and composition of credit to the private sector; Box 1.2 Playing cat and mouse-staying ahead of regulation arbitrage in Southeastern Europe; Would different macroeconomic policies have lessened vulnerability?; Figure 1.29 Exchange rate regimes; Figure 1.30 Average policy outcome/stance: exchange rate flexibility, by group and period; Figure 1.31 Average policy outcome/stance: fiscal policy, by group and period; Figure 1.32 Average policy outcome/stance: monetary conditions, by group and period Figure 1.33 Average policy outcome/stance: nominal exchange rate volatility, by group and period Electronic reproduction; Available via World Wide Web
ISBN:	0-8213-8113-X ; 0-8213-8114-8 ; 978-0-8213-8113-7 ; 978-0-8213-8114-4 ; 978-0-8213-8113-7
Source:	ECONIS - Online Catalogue of the ZBW

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