30 Years of Transition in Europe

Edited by Robert Holzmann, Governor, Doris Ritzberger-Grünwald, Director and Helene Schuberth, Head of Division, Oesterreichische Nationalbank, Austria

• Contents:PrefacePART IA historic transformation: heterogeneity in CESEE in a changing global context1Looking back on 30 years of transition – and looking 30 years aheadRobert Holzmann21989: the year of the great ambivalenceAnton Pelinka3The price of unity: the transformation of Germany and Eastern Europe after 1989 Philipp TherPART IIA central banker’s view on monetary policy during transition4Monetary policy challenges during transition: the case of SerbiaJorgovanka Tabaković and Ana Ivković5Monetary milestones of the past 30 years: the Czech National Bank’s viewJiří Rusnok6Croatia – from hyperinflation to the road to the euro areaBoris Vujčić and Katja Gattin TurkaljPART IIIModes of transition: the impact of different economic policy approaches7Ten lessons from thirty years of post-communist economic transformationAnders Åslund8The impact of different transition patterns and approaches on economic development in EU-CEE11, Russia and UkraineMarina Gruševaja9Central, Eastern and Southeastern Europe’s reunion with EuropeAndrzej SławińskiPART IVLessons from three decades of catching-up in Asia10Catching-up in Central and Eastern Europe and East Asia – commonalities and differencesMichael A. Landesmann11Chinese multinationals in East Central Europe: structural, institutional or political considerations?Ágnes SzunomárPART VChallenges for CESEE’s near future: monetary and financial stability12Did macroprudential policies play a role in stabilizing the credit and capital flow cycle in CESEE?Markus Eller, Helene Schuberth and Lukas Vashold1330 years of monetary and exchange rate regimes in Central and Eastern Europe: what has changed, and what is next?Johannes WiegandPART VIThe future of CESEE: the impact of megatrends14At the start of a new leadership of the European Commission and the European Central Bank: where is the place of Central and Eastern Europe?Martin Selmayr15Will the EU overcome the East-West divide?Ada Ámon16Demographic change in Central, Eastern and Southeastern Europe: trends, determinants and challengesTomáš Sobotka and Alexia Fürnkranz-Prskawetz17The demographic challenge of Eastern Europe and potential policy optionsMario HolznerIndex

‘I highly recommend the scholars and observers of contemporary world to take a look at this book, not in a pick-and-match manner by chapters, but the volume as a whole.’