Zehn Jahre nach Beginn des Reformprozesses in Mittel- und Osteuropa stehen der Aufbau eines leistungsfähigen Sektors privater kleiner und mittlerer Unternehmen (KMU) sowie die Gestaltung eines effizienten Finanzsystems im Mittelpunkt der Bemühungen der wirtschaftspolitisch Verantwortlichen vor...

How much can regional monitoring of financial markets and coordination of financial sector policies contribute to preventing and mitigating financial crises? This paper reviews and compares the experiences of Europe and Asia, which have taken different routes and have achieved different levels...

This paper contributes to the literature on liquidity crises and central banks acting as lenders of last resort by capturing the mechanics of dual liquidity crises, i.e. funding crises which encompass both the private and the public sector, within a closed system of financial accounts. We...