With both transition dynamics and the EU integration process having shifted to the south-east of Europe, a region fairly marginalized in the literature, this book fills a gap by taking stock of where South-East Europe’s economies and institutions stood in 2004.

Contents:

Preface

Part I: South-East Europe: Where Do Institutions and the Economy Stand?

Part II: The Case of Dollarization and Euroization

Part III: Monetary and Exchange Rate Policies: Circumstances and Choice in South-East Europe

Part IV: FDI and Trade as Pivotal Elements for Catching Up and Competitiveness

Part V: Confronting Serious Challenges: High Unemployment, Poverty, Brain Drain

Part VI: Banking in South-East Europe and the Leading Role of Austrian Banks

Index

Contributors: T. Boeri, E. Busek, M. Bussière, J. Christl, D. Daianu, D.G. Demekas, E. Falcetti, J. Fidrmuc, R. Holzmann, B. Horváth, J. Horváth, E. Kallai, E. Kraft, L. Krgovic, M.A. Landesmann, E. Levy Yeyati, K. Liebscher, N. Maddock, K. Mizsei, P. Mooslechner, B. Nemsic, M. Nenova, E. Nowotny, R. Priebe, E. Ribakova, D. Ritzberger-Grünwald, P. Sanfey, B. Schnatz, S. Tepic, J.-C. Trichet, N. Walter, A.A. Weber, L. Weill, H. Wiedner, T. Wieser, M. Wimmer, A. Winkler, Y. Wu