This book tells the story of the euro crisis in Cyprus from the inside. Written by the former Governor of the Central Bank of Cyprus, Panicos Demetriades, who was in office during this turbulent period, this book shows how the crisis unravelled through a series of key events that occurred during...

This study analyzes trade specialization patterns in the enlarged European Union with a special focus on the new EU member states and the cohesion countries. Empirical findings on revealed comparative advantage and a broader picture of competitiveness on the single market are presented from a...

Introduction. And yet the Twain Meet: Great Convergence brings the East closer to the West -- Great Divergence and the Rise of the West -- Great Convergence and the Rise of the Rest -- The Great Convergence and Globalization: How the Former Colo-nies Became the World Economic Locomotives --...

“A must read for anyone interested in understanding complexities of development process.” -Fakhruddin Ahmed, former Governor of the Central Bank of Bangladesh “Policy makers and general readers including specialists would find this lucid analysis very useful.” - Nurul Islam, Deputy...

This book analyzes the effects of the recent crisis and evaluates potential solutions to the gridlock that is currently dominating the Eurozone and the European Union, concerning both the monetary policy and the budgetary and fiscal policy. The timely study highlights the main challenges that...

1 Introduction -- 2 What Went Wrong With the Euro?.- 3 Public Debt: Introductory Remarks -- 4 Was the Eurozone an Acceptable Currency Union? -- 5 Preconditions of a Monetary Union -- 6 What Was the Theory Behind the Formation of EMU? -- 7 Will the Eurozone Dissolve Into Its Constituents? -- 8...

A Country's Process of Development as Described by a CUSP Catastrophe Model - The Case of Eastern European and Baltic Countries -- Empirical Analysis of the Shadow Economy of the South East European Countries -- Investigating the Convergence Hypothesis in the EU: More Evidence Accounting for...

Introduction -- The Role of Banks in Financial Integration: Some New Theory and Evidence from New EU Members -- Interdependence Between Foreign Exchange Markets and Stock Markets in Selected European Countries -- The Transatlantic Banking Crisis: Lessons, EU Reforms and G20 Issues -- Financial...

Despite the success of policymakers and the European Central Bank in calming down financial markets since the summer of 2012, European leaders are still facing formidable challenges in making the single currency work in a complex environment. This book starts with a review of the necessary...