Since 2008, Emerging Europe has been in the grip of a severe
economic and financial crisis. The region is now gradually
recovering but the speed and sustainability of this recovery and
the prospects for economic reconvergence with the rest of the EU
are still uncertain. Against this background, policy makers,
high-level practitioners and experts from central banks,
international institutions and academia identify the main reasons
for the crisis and the main challenges for the recovery process.
Essays highlight the significant cross-country differences within
Emerging Europe, focusing on the region's growth model as well as
the pros and cons of financial integration and the challenges to
financial stability. Particular focus is placed on the prospects
and challenges for economic recovery in the Western Balkans and the
Commonwealth of Independent States.
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