From Crisis to Recovery

1. Front Matter

   Pages i-xviii

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2. Introduction

   • Thierry Bracke, Reiner Martin

   Pages 1-5

3. Convergence in Central and Eastern Europe: Lessons and Non-lessons from the Crisis

   • Lorenzo Bini Smaghi

   Pages 6-12

4. Crisis and Recovery in Emerging Europe: The Policy Response in Retrospect and Challenges Ahead

   • Jürgen Stark

   Pages 13-21

5. A Fragile Recovery: Emerging Europe since the 2008–09 Crisis

   • Yegveniya Korniyenko, Franziska Ohnsorge, Franto Ricka, Jeromin Zettelmeyer

   Pages 22-69

6. Emerging Europe: Refining the Growth Model to Support Sustainable Convergence

   • Bas B. Bakker, Yan Sun

   Pages 70-103

7. Emerging Europe in the Great Recession: Is Europe different?

   • Fabrizio Coricelli

   Pages 104-129

8. Balance Sheet Repair and Reviving Private Sector Lending: A Survey of Financial Stability Challenges in Central, Eastern and South-Eastern Europe

   • Peter Mooslechner, Thomas Reininger

   Pages 130-163

9. Challenges after the Crisis in Emerging Europe: A Look outside the EU Borders

   • Kristel Buysse, François Gurtner

   Pages 164-209

10. Back Matter

    Pages 211-216

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Emerging Europe has suffered a severe economic crisis in recent years, and is only gradually recovering; the prospects for a convergence with the rest of the EU are still uncertain. In this book policymakers, high-level practitioners and experts from central banks identify the main reasons for the crisis and the challenges for the recovery process.

• central bank
• Eastern Europe
• European Union (EU)
• growth
• growth model
• science and technology

• European Central Bank, Germany

  Thierry Bracke, Reiner Martin

THIERRY BRACKE  studied macroeconomics and econometrics at the Universities of Ghent, Belgium, and Aix-Marseille. In 2000, after working for three years at the National Bank of Belgium, he joined the European Central Bank. Since 2008, he has held the positions of Deputy Head of the EU Neighbouring Regions Division, Deputy Head of the International Policy Analysis Division and Head of the Secretariat Division.

REINER MARTIN studied Economics and Political Science at the Universities of Freiburg im Breisgau, Germany, Bristol and Sussex and holds a PhD from the Helmut-Schmidt University in Hamburg. He has worked at the Centre for European Policy Studies in Brussels and the German Federal Ministry of Economics in Bonn. Since 1999 he has been working at the European Central Bank where he currently holds the position of Deputy Head of the Financial Stability Analysis Division.

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