This paper examines the pattern and magnitude of China's outward foreign direct investment (FDI) to the EBRD's countries of operations. We first analyse the recent trends of China's outward FDI, with sectoral and geographical distributions, and assess the implications for the transition...

Despite the large output declines suffered by emerging Europe in 2008-09, a major currency and banking crisis was avoided. This paper argues that European economic and political integration was a mitigating factor in this. Cross-border banking groups, in particular, seem to have forestalled a...