of the global economic and financial crisis. The main part of the paper reviews financial and real economic developments … in these countries since the crisis started to impact the CESEE region. The paper finds that developments have been … use policy instruments to counter the real effects of the crisis is rather heterogeneous, depending inter alia on the …

was reinforced by the financial crisis, which resulted in substantial losses for banks and created general uncertainty …

architecture as result of the global financial crisis. The European integration process is not yet complete, both in terms of its … be the most critical constraint in being able to respond to the crisis in a proper and well coordinated manner at the …

This paper discusses the global financial crisis of 2008/9 in thirteen countries, the ten new EU members that … dominant cause was fixed exchange rates. Many lessons can be drawn from this crisis. A dollar peg makes no sense in this part …

This paper shows that the monetary policy paradigm that was in place before the financial crisis worked very well and … that the crisis occurred only after policy makers deviated from that paradigm. The paper also evaluates monetary policy … during the financial crisis by dividing the crisis into three periods: pre-panic, panic and post-panic. It shows that the …

inadequate policy and institutional design. The euro zone crisis is not related to fiscal negligence only; over-borrowing by the …

Unlike the crisis years of 2007-2009 (when the insolvency of large banks was a major problem), the current round of the … global financial crisis has fiscal origins. Almost all developed countries suffer from an excessive public debt burden that … has been built up over the last two decades or more. The financial crisis caused a further deterioration of government …