Beställningsvara. Skickas inom 7-10 vardagar. Fri frakt för medlemmar vid köp för minst 249 kr.
Against the backdrop of the financial crisis that unfolded in 2008, this book deals with policy challenges going forward, focusing in particular on the ongoing catching-up process in Central, Eastern and South-Eastern European (CESEE) countries. While having emerged relatively unscathed from the crisis, the CESEE economies nonetheless need to adjust to the new external conditions they will encounter. In this respect, decision-makers are faced with multiple sources of uncertainty: will post-crisis growth be the same as pre-crisis growth? What will be the future role of financial integration, growth financing and exports? What are the particular challenges facing monetary policy-makers and the banking sector in the region? On these issues and related topics, the book provides a multi-disciplinary assessment, combining the views of high-ranking central bankers and other policy makers, commercial bankers and academics. Economists and students of economic policy and European integration from central, commercial and investment banks, governments, international organizations, universities and research institutes will find this book of great interest and importance, especially those working on Central, Eastern and South-Eastern Europe.
Edited by Ewald Nowotny, former Governor, Oesterreichische Nationalbank, Peter Mooslechner, formerly Oesterreichische Nationalbank and Doris Ritzberger-Grünwald, Director, Oesterreichische Nationalbank, Austria
Contents:Preface PART I: CATCHING-UP AND GROWTH PROSPECTS AFTER THE CRISIS1. Challenges to European Economic Integration Vítor Constâncio2. A Forward-looking View on Catching-up Strategies from an Austrian Angle Ewald Nowotny3. Re-establishing Growth After the Crisis – Lessons from the Nordic Countries Seppo Honkapohja4. Catching-up Prospects After the Crisis for the EU’s CESEE Region Kieran Mc Morrow and Werner Röger5. Growth Prospects in the EU-10 Members States After the Crisis Dariusz K. Rosati6. Neoclassicism in the Balkans Vladimir Gligorov7. Unlocking Growth Potential in the Balkans Boštjan Jazbec and Albulenë Kastrati8. The Catching-up Experience of the Western Balkans – the Cases of Serbia, FYR of Macedonia and Albania Michael LoufirPART II: POLICY CHALLENGES IN THE CESEE REGION AND BEYOND9. Monetary Policy and Financial Stability: What’s Ahead for Central and Eastern Europe Stephen G. Cecchetti10. Central Banking for the 21st Century: An American Perspective Paul A. Wachtel11. Monetary Policy Challenges in the CESEE Region: Architecture for an Earthquake Zone Bas B. Bakker and Leslie Lipschitz12. A Policy Recipe for Successful Convergence of CESEE Countries in the Post-crisis World Júlia Király, Attila Csajbók and Mihály András Kovács13. Monetary Policy Challenges in the CESEE Region – the Case of Poland Marek Belka14. Monetary Policy Challenges in the CESEE Region – the Case of Romania Christian Popa15. Monetary Policy Challenges in the CESEE Region – the Case of Croatia Boris Vujčić16. Challenges for Monetary and Exchange Rate Policy in CESEE Created by the Crisis: Back to Square One? Peter MooslechnerPART III: THE NEW ROLE OF FINANCIAL INTEGRATION, GROWTH FINANCING AND EXPORTS17. Policy Perspectives on Financial Integration After the Crisis Ignazio Angeloni18. The Need for an Enhanced Role of Local Supervisors and Shareholder Oversight Andrzej Stopczyński19. Firms’ Patterns of Trade and Access to Finance Jože P. Damijan and Črt Kostevc20. Financing for Growth in CESEE Joachim Nagel and Corinna Knobloch21. Capital Inflows, Exports and Growth in the CESEE Region Jarko Fidrmuc and Reiner Martin22. Structural Components of International Trade Growth 1995–2009 Joseph F. Francois and Julia Wörz23. The Great Trade Collapse and its Impact on Firms in Europe László HalpernPART IV: CHALLENGES FOR BANKING IN THE CESEE REGION24. After the Crisis: Financial Sector Reform in the EU María Teresa Fábregas Fernández25. Banking Challenges in the CESEE Region from the Erste Group Perspective Andreas Treichl26. Challenges for Banking in the CESEE Region – the Situation in Austria and CESEE in November 2010 Michael Hysek27. The CESEE Experience of KBC Group Marko Voljć28. Challenges for Banking in the CESEE Region – the Case of Swedbank Baltic Banking Håkan BergIndex