EBRD blog European Bank for Reconstruction and Development

Category: Transition

Transition Report 2012: Integration Across Borders

Access to Eurozone banking union must be opened up, says EBRD Chief Economist, Erik Berglof. The EBRD Transition Report 2012: ‘Integration Across Borders’ also looks at the Eurasian Economic Union and the progress of structural reforms in the EBRD region.

A full transcript of the video is available below.… Read more

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?

December 01 / 2010

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 rate regimes or inflation targeting regimes.Read more

November 08 / 2010

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) [1]

Large emerging markets in Latin America and Asia have received strong capital inflows and many of them have reacted by intervening in foreign exchange markets to avoid currency appreciation, whilst several of them have resorted to restrictions on capital inflows.… Read more

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 era in eastern Europe, the EBRD is looking to hear the stories of people from former communist states who were born during that momentous year.… Read more

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 is still to advance economic diversification and reduce the country’s dependence on oil.… Read more