30 Years of Transition in Europe

Edited by Robert Holzmann, Governor, Doris Ritzberger-Grünwald, Director and Helene Schuberth, Head of Division, Oesterreichische Nationalbank, Austria

Contents:

Preface

PART IA historic transformation: heterogeneity in CESEE in a changing global context
1Looking back on 30 years of transition – and looking 30 years ahead
Robert Holzmann
21989: the year of the great ambivalence
Anton Pelinka
3The price of unity: the transformation of Germany and Eastern Europe after 1989
Philipp Ther

PART IIA central banker’s view on monetary policy during transition
4Monetary policy challenges during transition: the case of Serbia
Jorgovanka Tabaković and Ana Ivković
5Monetary milestones of the past 30 years: the Czech National Bank’s view
Jiří Rusnok
6Croatia – from hyperinflation to the road to the euro area
Boris Vujčić and Katja Gattin Turkalj

PART IIIModes of transition: the impact of different economic policy approaches
7Ten lessons from thirty years of post-communist economic transformation
Anders Åslund
8The impact of different transition patterns and approaches on economic development in EU-CEE11, Russia and Ukraine
Marina Gruševaja
9Central, Eastern and Southeastern Europe’s reunion with Europe
Andrzej Sławiński

PART IVLessons from three decades of catching-up in Asia
10Catching-up in Central and Eastern Europe and East Asia – commonalities and differences
Michael A. Landesmann
11Chinese multinationals in East Central Europe: structural, institutional or political considerations?
Ágnes Szunomár
PART VChallenges for CESEE’s near future: monetary and financial stability
12Did macroprudential policies play a role in stabilizing the credit and capital flow cycle in CESEE?
Markus Eller, Helene Schuberth and Lukas Vashold
1330 years of monetary and exchange rate regimes in Central and Eastern Europe: what has changed, and what is next?
Johannes Wiegand

PART VIThe future of CESEE: the impact of megatrends
14At the start of a new leadership of the European Commission and the European Central Bank: where is the place of Central and Eastern Europe?
Martin Selmayr
15Will the EU overcome the East-West divide?
Ada Ámon
16Demographic change in Central, Eastern and Southeastern Europe: trends, determinants and challenges
Tomáš Sobotka and Alexia Fürnkranz-Prskawetz
17The demographic challenge of Eastern Europe and potential policy options
Mario Holzner

Index