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Full Description
The aim of this book is to analyse specific sets of macro and structural policies in selected Eastern European countries. The book includes studies on the major Western CIS (Commonwealth of Independent States) countries, Belarus, Russia and Ukraine, plus a set of cross-country and regional studies. The focus is on the link between sustained economic growth and macro and structural economic policies in the CIS countries where recovery lagged until recently. By analysing how government policy can affect the relevant variables and behavioural framework in an economy and how these countries can achieve stability and engage in micro-structural reforms for long-run growth, the book contributes importantly to the discussion about the economic prospects of the CIS countries.
Contents
Introduction: Growth Resumption in the CIS Countries.- Introduction: Growth Resumption in the CIS Countries.- Russia.- Monetary Policy Transmission and CBR Monetary Policy.- Choice of the Substitution Currency in Russia: How to Explain the Dollar's Dominance?.- Monetary Policy in Russia.- Russia's Economic Expansion 1999-2005.- Ukraine.- Evidence on the Bank Lending Channel in Ukraine.- Now So Near, and Yet Still So Far: Relations Between Ukraine and the European Union.- Belarus.- Modeling the Demand for Money and Inflation in Belarus.- Economic Growth in Belarus (1996-2004): Main Drivers and Risks of the Current Strategy.- Cross Country Studies.- Why is Financial Strength Important for Central Banks?.- The Impact of Financial Openness on Economic Integration: Evidence from Europe and the CIS.- Debt Sustainability in the Wider Eastern European Region: The Long Shadow of the EU.
