More than fifteen years after the fall of the Berlin Wall, many issues regarding the transition from a centrally planned economy to a market economy are still being debated. This book presents an evaluation of the transition in Central Eastern Europe, and focuses on the socialist legacy, the...

This book covers a wide variety of aspects of transition in Central and Southeast Europe and the CIS, including the socialist legacy, privatization and growth, skills, and banking reforms. It also covers the evolution of the global economy beyond transition, looking at complexity, risk...

In this paper we explore the nexus between cross-border trade integration and monetary policy. We first review the evidence that trade liberalization has increased the degree of integration in North America and conclude that, while robust structural inferences remain elusive, there is sufficient...