"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,...

This paper examines the degree of trade integration and business cycle synchronisation between eight Balkan countries and the Euro area over the period 2000:1-2011:4. The main findings are that Slovenia and the Former Yugoslav Republic of Macedonia exhibit a high level of openness relative to...

Contents: Part I A modern take on structural reforms -- 1. Past and future reform challenges for CESEE and Europe at large / Ewald Nowotny, Doris Ritzberger-Grünwald and Helene Schuberth -- 2. Revisiting transition reform / Sergei Guriev -- 3. Europe's moments of truth - wicked crises, good and...