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Beyond the crisis: prospects for emerging Europe. Bruegel Working Paper 2010/06, December 2010

Darvas, Zsolt. (2010) Beyond the crisis: prospects for emerging Europe. Bruegel Working Paper 2010/06, December 2010. [Working Paper]

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    Abstract

    This Policy Contribution by Zsolt Darvas assesses the impact of the 2008-09 global financial and economic crisis on the medium-term growth prospects of CEES countries, the Caucasus and Central Asia, which starting their economic transition about twenty years ago. Evidence shows that the crisis has had a major impact on the within-sample fit of the models used and that the positive impact of EU enlargement on growth is smaller than previous research has shown. The crisis has also altered the future growth prospects of the countries studied, even in the optimistic but unrealistic case of a return to pre-crisis capital inflows and credit booms.

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    Item Type: Working Paper
    Subjects for non-EU documents: EU policies and themes > External relations > EU-Caucasus
    EU policies and themes > External relations > EU-Asia-general > Central Asia
    EU policies and themes > External relations > EU-Central and Eastern Europe
    EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on/reforms/economic governance
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Bruegel (Brussels) > Working Papers
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 11 Jan 2011
    Page Range: p. 32
    Last Modified: 15 Feb 2011 18:40
    URI: http://aei.pitt.edu/id/eprint/15444

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