Into the EU : Policy Frameworks in Central Europe.

Intro -- Contents -- Preface -- 1 The Road to EU Accession -- Change in the Economy -- The Financial Sector -- Macroeconomic Policies -- 2 Enlarging the EU: Accession Requirements and the Central European Candidates -- 3 Real Convergence to EU Income Levels: Central Europe from 1990 to the Long Term -- Sources of Growth During Transition -- Structural Policies and Growth During Transition -- International Evidence on the Determinants of Long-Run Growth -- Growth Scenarios in the Long Run -- 4 Financial Sector Evolution: Challenges in Supporting Macroeconomic Stability and Sustainable Growth -- Financial Sector Development and Growth -- Interlinkages to Macroeconomic Policy -- Conclusions -- 5 A Framework for Financial Stability -- The Legal, Institutional, and Supervisory Framework -- Intermediating Capital Flows -- Risk Management -- Financial Safety Nets -- International Standards and IMF Surveillance -- Conclusions -- 6 Monetary and Exchange Rate Regimes -- Disinflation: Initial Success and Current Tensions -- The Run-Up to Accession: Regime Requirements and Goals in Context -- Considerations in Managing Flexible Regimes -- Back to the Future: Wide Bands and the Return to Fixity -- Capital Controls and Policy Safeguards -- 7 Balancing Fiscal Priorities -- Facing the Challenges -- Medium-Term Fiscal Positions: Choosing an Appropriate Target -- Revenue Reforms on the Way to EU Accession -- Need and Scope for Expenditure Reforms -- Reconciling Fiscal Objectives -- Medium-Term Fiscal Management in Practice -- Additional Risk Factors: Privatization Receipts and Fiscal Decentralization -- 8 The Challenges Ahead -- Text Boxes -- Figures -- Tables -- Appendices -- I. Setting Medium-Term Fiscal Targets: The Role of Public and External Debt and Current Account Considerations -- II. Revenue Trends and Tax Structures -- Appendix Boxes -- Appendix Figures.

Appendix Tables -- References -- The Authors.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.