Critical Connections examines how trade, investment, migration, and other linkages among countries drive economic growth in the Europe and Central Asia region. The study breaks new ground by using a multidimensional approach that recognizes how each connectivity channel for growth is likely to...

Cover -- Half Title -- Title -- Copyright -- Contents -- About the Authors -- Foreword -- Acknowledgments -- Abbreviations -- Regional Classifications Used in This Report -- Overview -- Main Findings of Critical Connections -- Introduction -- Multidimensional Connectivity Is a Key to Europe and...

Cover -- Half Title -- Title -- Copyright -- Contents -- About the Authors and Contributors -- Foreword -- Acknowledgments -- Abbreviations -- Regional Classifications Used in This Report -- Overview -- ECA Financial Systems Remain Vulnerable to Financial Shocks and Are Not Sufficiently...

During the 1990s, Emerging Europe and Central Asia (ECA) opted for a model of rapid financial development focused on bank credit expansion often funded by foreign capital. This model helped boost the financial inclusion of firms and households, but was also accompanied by lower financial...

During the 1990s, Emerging Europe and Central Asia (ECA) opted for a model of rapid financial development focused on bank credit expansion often funded by foreign capital. This model helped boost the financial inclusion of firms and households, but was also accompanied by lower financial...