Unlike their luckier neighbors to the west, Ukraine and Moldova did not enjoy a convenient geographical location, a national consensus, a clear identity or the state traditions to make their transition effective after the meltdown of the Soviet empire. Their initial transformation was gradual,...

Banking in Transition Economies is a modern analysis of banking in the transition economies of Central and Eastern Europe and includes a detailed examination of banking in the first five years of transition as well as policy recommendations for banking reform in the region.

In their new CEPS Essay, Kálmán Mizsei and Ádám Kullmann offer some interesting and instructive insights from the experience in the newest member states following their accession 10 years ago for improving the effectiveness with which the EU structural and cohesion funds are spent.