This study provides a broad overview of the private housing market in central and eastern Europe and some of the CIS – its history, current conditions and implications for the overall economy. It highlights regional differences, describes the different policy choices that have been made, and...

Migrant remittances are an increasingly important source of income for the transition economies. For many of these economies, remittances are the largest type of international financial inflow and are larger than either capital inflows or official development assistance. These remittance inflows...

This study examines residential house price trends in the East European economies. The data are described and evaluated in terms of their quality and reliability; both official data from national statistical offices and that compiled by real estate companies are used. Current prices are...

A key component of climate change mitigation efforts will be the need to develop new technological solutions and to diffuse current state-of-the-art technologies to developing countries. However, due to a number of market failures, the required research and technological transfers are currently...

Creating more innovative and dynamic economies is one of the fundamental challenges facing both advanced and emerging market economies. An important ingredient of this involves the creation of entrepreneurial firms which can quickly translate creative ideas and scientific discoveries into viable...

This essay discusses the challenges in financing economic development in the eastern European and CIS economies. The advantages and pitfalls of extensively relying external capital are explored.

The paper analyzes the trade flows of the CIS countries with an emphasis on manufactured goods. An abstract in Russian is also provided. Manufactured exports were particularly hard hit by the breakup of the Soviet Union and the CMEA. The study examines trends in the volume of this trade and its...

This report was prepared as an input into the addendum of the Report of the U.N. Secretary-General on Financing for Development for the 2007 General Assembly High Level Review of the Monterrey Consensus. It evaluates the progress that has been made in the transition economies in terms of...

This essay provides a broad methodological framework for thinking about what is needed policy-wise for addressing climate change due to increased carbon emissions. Climate change will require mankind to decide whether it is best to adapt to higher temperatures or attempt to mitigate the increase...

Many of the emerging market economies in Europe are presently running current account deficits which are quite high relative to any global or historical standard and are fundamentally unsustainable. This includes the three poorer European Union (EU) members of the old Europe (Greece, Portugal,...