The analysis in this book reflects various aspects of financial sector transformation in selected Central European countries that are expected to join the EU in 2004. The authors are Central European financial experts who provide, among other things, a detailed overview of the following main...

The paper is devoted to the safety net in the European Union with special interest on issues important for the new EU Members, where foreign capital is controlling a significant part of the sector of the financial intermediaries. We analyzed the current structure of the safety net in 25...

This paper describe how Capital Flows will influence the EU Accession Countries of Central and Eastern Europe. In particular it shows how carry trade flows are likely to exacerbate the difficulty of stabilization policy, how equilibria are critically contingent on risk premia, and, therefore,...