Emerging countries in many cases are more crisis-prone than highly developed industrialized countries. This is in many cases due to a weak or volatile financial sector. The best policy to strengthen crisis resistance is the building up of a sound financial position. A sound financial position of...

Emerging countries in many cases are more crisis-prone than highly developed industrialized countries. This is in many cases due to a weak or volatile financial sector. The best policy to strengthen crisis resistance is the building up of a sound financial position. A sound financial position of...

Nach der in Kopenhagen beschlossenen EU-Erweiterung zum 1. Mai 2004 stellt sich die Frage, wie sich die Beziehungen zu den westlichen Balkanstaaten (Balkan-5: Albanien, Bosnien und Herzegowina (BiH), Kroatien, die ehemalige jugoslawische Republik Mazedonien, Serbien und Montenegro) und zu den...

The paper focuses on three main objectives. First, it assesses the progress of structural reforms implemented in six Western Balkan transition economies, i.e. Albania, Bosnia and Herzegovina, Kosovo, FYR Macedonia, Montenegro and Serbia. Second, it outlines the major economic and institutional...