Regional Economic Issues, April 2015, Europe : The Western Balkans: 15 Years of Economic Transition.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. European Dept.

Contributor:

International Monetary Fund.

Series:

Regional Economic Outlook

Language:

English

Subjects (All):

International Monetary Fund.

Economic development--Balkan Peninsula.

Economic development.

Physical Description:

1 online resource (120 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2015.

Summary:

This report analyses the main economic developments and achievements in the Western Balkan countries, and lays out the key macroeconomic policy challenges for the future.

Contents:

Cover; CONTENTS; FOREWORD; STRUCTURE AND FOCUS OF THE REPORT; COUNTRY COVERAGE AND ACRONYMS; EXECUTIVE SUMMARY; OVERVIEW: ECONOMIC TRANSFORMATION IN THE WESTERN BALKANS; CHAPTER 1: JOBS, GROWTH, AND CONVERGENCE: OBSTACLES AND THE ROADMAP TO REFORM; A. Growth and Convergence-A Cup Half Full or Half Empty?; B. Progress in Economic Transformation; BOXES; Box 1.1. Inequality and Poverty in the Western Balkans; C. Ranking Structural Reforms Priorities for Faster Growth; Box 1.2. Reform Gaps in Institutions, Infrastructure, Goods Market Efficiency, and Labor Markets

Box 1.3. Structural Reform in Kosovo: Past Achievements and Future Priorities D. The Quest for Jobs; E. Lessons for Stronger Convergence; CHAPTER 2: MACROECONOMIC DEVELOPMENTS AND POLICIES: BOOM, BUST, AND THE AFTERMATH; A. Background and Context-Macroeconomic Stabilization in the 1990's; B. Before the Global Financial Crisis: Optimism and Inflows; C. Recession and Recovery after the Global Financial Crisis; D. Lessons from the Crisis and Policy Challenges; Box 2.1. The Western Balkans and the IMF; Box 2.2. Public Pension Spending in the Western Balkans

CHAPTER 3: FINANCIAL SECTOR: DEEPENING, RESILIENCE, AND ONGOING CHALLENGES A. Financial Deepening from a Low Base; B. Credit Swings and Financial Stability; C. Financial Sector Inclusion and Efficiency; D. The Unfinished Institutional Reform Agenda and International Cooperation; E. Cross-Border Finance and the Future of Western Balkan Banking; Box 3.1. Nonbank Financial Deepening in the Western Balkans; Box 3.2. Croatia's Defense against the Boom; Box 3.3. Nonperforming Loans in the Western Balkans: Why Has Progress Been So Limited?; ANNEXES; Annex 1.1. Growth Accounting

Annex 1.2. Convergence Analysis Annex 1.3. Trade Linkages; Annex 1.4. Structural Reform Gaps and Economic Growth; Annex 1.5. Labor Market Outcomes-Regression Analysis; Annex 2.1. Estimating the Determinants of Expenditure Policy; Annex 2.2. Estimating the Determinants of the Recession and the Recovery; Annex 2.3. Fiscal Policies in the Western Balkans; Annex 3.1. Benchmarking Financial Development and Explaining Gaps; REFERENCES

Notes:

Description based upon print version of record.

Includes bibliographical references.

Description based on online resource; title from PDF title page (ebrary, viewed April 25, 2015).

ISBN:

9781484372296

1484372298

OCLC:

907299707