The Eastern enlargement of the European Union (EU) is likely to give a further boost to trade and capital flows, yet empirical evidence on the possible magnitudes is still scarce. This paper uses four different datasets to estimate the determinants of international asset holdings and trade...

KfW has been involved in the financial sector development of the current accession countries for almost fifteen years. Since the mid-1990s, KfW has been promoting the financial sector and private enterprise of Southeast Europe through its support of, and cooperation with, microfinance and...

What role will the current evolution of banking systems play in the newly adopted EU countries during the historic challenges following enlargement? This book, a blend of economics and political economy, offers a systematic analysis of the current trends in financial intermediation in the...