In this paper, we study the drivers of permanent and transitory deposit dollarization for a sample of CESE countries using panel cointegration techniques. The results suggest that a positive cointegration relationship exists between permanent dollarization and Minimum Variance Portfolio (MVP)...

In this paper we analyze how Western Balkans public finances adapted to the boom-bust cycle. Large capital inflows into emerging European economies during the mid-2000s resulted in rapid economic growth and convergence to EU income levels. This also resulted in improved fiscal positions of most...

"The book investigates the scope and limitations of the transformative power of EU enlargement in the Western Balkans.The extension of EU enlargement policy to the Western Balkans has generated high expectations that enlargement will regulate democratic institution-building and foster reform,...