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Record Nr. |
UNINA9910821303403321 |
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Titolo |
Regional Economic Issues, April 2015, Europe : : The Western Balkans: 15 Years of Economic Transition |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2015 |
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ISBN |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (120 p.) |
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Collana |
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Regional Economic Outlook |
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Disciplina |
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Soggetti |
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Economic development - Balkan Peninsula |
Banks and Banking |
Exports and Imports |
Foreign Exchange |
Labor |
Money and Monetary Policy |
Macroeconomics |
Monetary Policy, Central Banking, and the Supply of Money and Credit: General |
Demand and Supply of Labor: General |
Banks |
Depository Institutions |
Micro Finance Institutions |
Mortgages |
International Investment |
Long-term Capital Movements |
Price Level |
Inflation |
Deflation |
Monetary economics |
Labour |
income economics |
Banking |
Currency |
Foreign exchange |
International economics |
Labor markets |
Credit |
Capital inflows |
Money |
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Balance of payments |
Credit booms |
Prices |
Labor market |
Banks and banking |
Capital movements |
Income economics |
Bosnia and Herzegovina |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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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 |
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Sommario/riassunto |
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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. |
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