This book, a third edition, has been significantly expanded and updated. It revisits the process of institutional change: its characteristics, determinants and implications for economic performance. New chapters address the significance of Post-Communist transition, the differences and...

This book provides an in-depth analysis of the role of foreign-owned banks for credit growth, financial stability and economic growth in the post-communist European countries. Using data covering 20 countries over the period from 1995 to 2015, the authors analyse the evolution of banking sectors...

1. Introduction -- 2. Convergence of the EU member states in Central-Eastern and South Eastern Europe (EU11): a framework for convergence inside a close regional cooperation -- 3. Towards a new growth model in CESEE: three challenges ahead -- 4. Regional dynamics in EU11 -- 5. How the European...

1.Introduction -- 2.The economic impact of Single Market membership on the EU enlargement countries -- 3. FDI as force of convergence in the CESEE countries -- 4.The impact of EU cohesion funds on macroeconomic development in the Visegrad countries after the 2008-2009 financial crisis -- 5. The...

This book analyses the development path of transition economies in European Countries and former Soviet Republics that have experienced the transformation from planned economies to market economies since the fall of the Berlin wall in 1989. It examines economic growth, institutional change and...