Emerging Europe in Currency Wars: A Mixed Bag?
By Franto Ricka and Jeromin Zettelmeyer
The world has been abuzz with discussions about the implications of both simultaneous quantitative easing (QE2) in the US, UK and Japan, and capital controls and competitive depreciations in emerging markets (EMs). What would such a scenario imply for the transition region?
Euroization in Serbia
Authors: Alexandre Chailloux, Franziska Ohnsorge, David Vavra
Serbia is one of the most euroized economies in Eastern Europe.
At more than 70 per cent, loan euroization in Serbia is higher than in most Eastern European countries, be they fixed exchange …
The Return of Capital Flows to Emerging Europe
Authors: Franziska Ohnsorge, Stephan Knobloch, Yevgeniya Korniyenko
Capital inflows have returned to many emerging markets since mid-2009.
Fuelled by abundant global liquidity and more favourable growth prospects and debt dynamics, they present better risk-return prospects than advanced economies (Chart 1)…
Born in '89? Tell us your story
In just a few weeks’ time, commemorations in the German capital will mark the 20th anniversary of the fall of the Berlin wall. As the world reflects on the events of November 1989 that paved the way for a new …
Kazakhstan's industrial policy: between pipedream and pipelines?
Can something good come out of the crisis? Perhaps. Kazakhstan – battered by a sudden stop in bank funding and a lower oil price – recently announced updated industrialisation plans that seem more realistic than earlier versions. The stated goal …





