03837nam 2200553 450 991046341790332120200520144314.01-4843-7229-8(CKB)2670000000608529(EBL)2008588(MiAaPQ)EBC2008588(Au-PeEL)EBL2008588(CaPaEBR)ebr11041899(CaONFJC)MIL763477(OCoLC)907299707(EXLCZ)99267000000060852920150425h20152015 uy 0engurcnu||||||||rdacontentrdamediardacarrierRegional economic special, issues report the Western Balkans : 15 years of economic transition /Zuzana Murgasova [and five others] ; International Monetary FundWashington, District of Columbia :International Monetary Fund,2015.©20151 online resource (120 p.)Regional Economic Special. Issues ReportDescription based upon print version of record.1-4983-5651-6 1-4983-6294-X Includes bibliographical references.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 MarketsBox 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 BalkansCHAPTER 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 AccountingAnnex 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; REFERENCESRegional Economic OutlookEconomic developmentBalkan PeninsulaElectronic books.Economic development338.9474Murgasova ZuzanaInternational Monetary Fund.MiAaPQMiAaPQMiAaPQBOOK9910463417903321Regional economic special, issues report2064524UNINA