Publication:
Turmoil at Twenty : Recession, Recovery, and Reform in Central and Eastern Europe and the Former Soviet Union

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dc.contributor.authorMitra, Pradeep
dc.contributor.authorSelowsky, Marcelo
dc.contributor.authorZalduendo, Juan
dc.date.accessioned2012-03-19T10:04:43Z
dc.date.available2012-03-19T10:04:43Z
dc.date.issued2010
dc.description.abstractThis book, written on the eve of the 20th anniversary of the fall of the Berlin wall in 1989, addresses three questions that relate to recession, recovery, and reform, respectively, in Europe and Central Asia (ECA) transition countries. Did the transition from a command to a market economy and the period when it took place, plant the seeds of vulnerability that made transition countries (the region excluding Turkey) more prone to crisis than developing countries generally? Did choices made on the road from plan to market shape the ability of affected countries to recover from the crisis? What structural reforms do transition countries need to undertake to address the most binding constraints to growth in a world where financial markets have become more discriminating and where capital flows to transition and developing countries are likely to be considerably lower than before the crisis? This report is structured as follows: chapter one of the book analyses how countries fell into recession and crisis, why not all of them were equally affected, and whether different policies could have positioned them better to face the crisis. Chapter two discusses rescue and stabilization and the role of international collective action. The next two chapters focus on policies for recovery, chapter three on restructuring bank, corporate and household debt and chapter four on scaling up social safety nets. Chapters five and six focus on reform, examining the binding constraints to growth and the policy agenda in the most important sectors identified by that analysis.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20091112015927
dc.identifier.doi10.1596/978-0-8213-8113-7
dc.identifier.isbn978-0-8213-8113-7
dc.identifier.urihttps://hdl.handle.net/10986/2682
dc.languageEnglish
dc.publisherWorld Bank
dc.relation.ispartofseriesEastern Europe and Central Asia Flagship
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectARBITRAGE
dc.subjectASSET RATIO
dc.subjectBALANCE SHEET
dc.subjectBALANCE SHEETS
dc.subjectBANK EXPOSURE
dc.subjectBANK FOR INTERNATIONAL SETTLEMENTS
dc.subjectBANK REGULATION
dc.subjectBANK RESTRUCTURING
dc.subjectBANK SUPERVISION
dc.subjectBANKING CRISES
dc.subjectBANKING SECTOR
dc.subjectBANKING SECTOR ASSETS
dc.subjectBANKING SECTORS
dc.subjectBANKING SYSTEM
dc.subjectBANKING SYSTEMS
dc.subjectBANKRUPTCY
dc.subjectBENEFICIARIES
dc.subjectBENEFICIARY
dc.subjectBOND SPREADS
dc.subjectBUDGET CONSTRAINTS
dc.subjectBUSINESS CYCLE
dc.subjectCAPACITY CONSTRAINTS
dc.subjectCAPITAL ACCOUNT
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL ADEQUACY RATIOS
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL MOVEMENTS
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BANKS
dc.subjectCOLLECTIVE ACTION
dc.subjectCREDIBILITY
dc.subjectCREDIT GROWTH
dc.subjectCREDIT LOSSES
dc.subjectCREDIT MARKET
dc.subjectCREDITORS
dc.subjectCURRENCY COMPOSITION
dc.subjectCURRENCY CRISES
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectCURRENT ACCOUNT DEFICITS
dc.subjectCURRENT ACCOUNT SURPLUSES
dc.subjectDEBT
dc.subjectDEBT FINANCING
dc.subjectDEBT RATIOS
dc.subjectDEBT RESTRUCTURING
dc.subjectDEBT SERVICE
dc.subjectDEBTORS
dc.subjectDEMAND FOR CREDIT
dc.subjectDEPOSIT
dc.subjectDEPOSIT INSURANCE
dc.subjectDEPOSIT INSURANCE SCHEMES
dc.subjectDEPOSITORS
dc.subjectDEPOSITS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDOMESTIC BANKS
dc.subjectDOMESTIC INTEREST RATES
dc.subjectDOMESTIC MARKET
dc.subjectDURABLE
dc.subjectDURABLE GOODS
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectEMERGING ECONOMIES
dc.subjectEMERGING ECONOMY
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKET ECONOMIES
dc.subjectEMERGING MARKETS
dc.subjectEMPLOYMENT
dc.subjectENTERPRISE PERFORMANCE
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATES
dc.subjectEXPENDITURES
dc.subjectEXPORTERS
dc.subjectEXTERNAL BORROWING
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNAL FUNDING
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL DEEPENING
dc.subjectFINANCIAL INTEGRATION
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL OPENNESS
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCIAL SYSTEMS
dc.subjectFINANCING SOURCES
dc.subjectFISCAL DEFICITS
dc.subjectFISCAL POLICY
dc.subjectFLEXIBLE EXCHANGE RATE
dc.subjectFLOATERS
dc.subjectFOREIGN ASSETS
dc.subjectFOREIGN BANK
dc.subjectFOREIGN BANKS
dc.subjectFOREIGN CAPITAL
dc.subjectFOREIGN CURRENCIES
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN CURRENCY LOANS
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectFOREIGN FINANCIAL INSTITUTIONS
dc.subjectFOREIGN INVESTORS
dc.subjectFOREIGN LENDERS
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBAL FINANCE
dc.subjectGLOBAL MARKETS
dc.subjectGLOBAL TRADE
dc.subjectGLOBALIZATION
dc.subjectHOLDINGS
dc.subjectHOST COUNTRIES
dc.subjectHOST COUNTRY
dc.subjectHOUSING
dc.subjectINCOME LEVELS
dc.subjectINDEBTEDNESS
dc.subjectINFLATION
dc.subjectINFORMAL FINANCE
dc.subjectINSTRUMENT
dc.subjectINTEREST COVERAGE RATIO
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNAL FINANCE
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL BANKING
dc.subjectINTERNATIONAL FINANCIAL INSTITUTIONS
dc.subjectINTERNATIONAL LENDING
dc.subjectINTERNATIONAL SETTLEMENTS
dc.subjectINVESTMENT BANK
dc.subjectINVESTMENT CLIMATE
dc.subjectJUDICIAL SYSTEM
dc.subjectJUDICIAL SYSTEMS
dc.subjectLABOR MARKETS
dc.subjectLEGAL ENVIRONMENT
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL SYSTEM
dc.subjectLEGAL SYSTEMS
dc.subjectLEGISLATION
dc.subjectLENDERS
dc.subjectLIQUID ASSETS
dc.subjectLIQUIDATION
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY PROBLEMS
dc.subjectLIVING STANDARDS
dc.subjectLOAN
dc.subjectLOAN LOSS PROVISIONS
dc.subjectLOAN PORTFOLIO
dc.subjectLOCAL CURRENCY
dc.subjectMACROECONOMIC CRISES
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC STABILITY
dc.subjectMACROECONOMIC STABILIZATION
dc.subjectMARKET ECONOMIES
dc.subjectMARKET ECONOMY
dc.subjectMARKET RISKS
dc.subjectMARKET STRUCTURE
dc.subjectMATURITIES
dc.subjectMATURITY
dc.subjectMONETARY FUND
dc.subjectMONETARY POLICIES
dc.subjectMONETARY POLICY
dc.subjectMORTGAGE
dc.subjectMORTGAGE INTEREST
dc.subjectMORTGAGE LOANS
dc.subjectMORTGAGES
dc.subjectNATIONAL CREDIT
dc.subjectNATURAL RESOURCES
dc.subjectNONPERFORMING LOANS
dc.subjectOIL PRICES
dc.subjectOPEN ECONOMIES
dc.subjectPOLICY RESPONSE
dc.subjectPRIVATE CAPITAL
dc.subjectPRIVATE CREDIT
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE SECTOR CREDIT
dc.subjectPRIVATIZATION
dc.subjectPRODUCTIVITY
dc.subjectPROFITABILITY
dc.subjectPROPERTY RIGHTS
dc.subjectPRUDENTIAL SUPERVISION
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC EXPENDITURES
dc.subjectPUBLIC FINANCES
dc.subjectPURCHASING POWER
dc.subjectREAL EXCHANGE RATE
dc.subjectRECAPITALIZATION
dc.subjectREGULATORY FORBEARANCE
dc.subjectREGULATORY FRAMEWORKS
dc.subjectREMITTANCE
dc.subjectREMITTANCES
dc.subjectREORGANIZATION
dc.subjectRESERVE
dc.subjectRESERVE REQUIREMENTS
dc.subjectRETURN
dc.subjectRETURN ON ASSETS
dc.subjectRETURN ON EQUITY
dc.subjectRISK FACTORS
dc.subjectRULE OF LAW
dc.subjectSAFETY NET
dc.subjectSAFETY NETS
dc.subjectSAVINGS
dc.subjectSHORT-TERM DEBT
dc.subjectSOCIAL SAFETY NETS
dc.subjectSOVEREIGN BOND
dc.subjectSTATE ENTERPRISES
dc.subjectSUBSIDIARIES
dc.subjectSUBSIDIARY
dc.subjectSUPERVISORY AGENCY
dc.subjectSUPPLIES OF CREDIT
dc.subjectSUPPLY OF CREDIT
dc.subjectSYSTEMIC BANKING CRISES
dc.subjectTAX
dc.subjectTAX ADMINISTRATION
dc.subjectTOTAL DEBT
dc.subjectTRADING
dc.subjectTRANSITION COUNTRIES
dc.subjectTRANSITION COUNTRY
dc.subjectTRANSITION ECONOMIES
dc.subjectTRANSPORT
dc.subjectTREATY
dc.subjectWITHDRAWAL
dc.subjectWORLD FINANCIAL MARKETS
dc.titleTurmoil at Twenty : Recession, Recovery, and Reform in Central and Eastern Europe and the Former Soviet Unionen
dspace.entity.typePublication
okr.date.disclosure2009-11-16
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research::Publication
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20091112015927
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid882451468283464399
okr.identifier.doi10.1596/978-0-8213-8113-7
okr.identifier.externaldocumentum000334955_20091112015927
okr.identifier.internaldocumentum11343819
okr.identifier.report51571
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2009/11/12/000334955_20091112015927/Rendered/PDF/515710PUB0EPI1101Official0Use0Only1.pdfen
okr.peerreviewAcademic Peer Review
okr.region.administrativeEurope and Central Asia
okr.region.countryFormer Soviet Union
okr.region.geographicalEastern Europe
okr.region.geographicalCentral Asia
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Currencies and Exchange Rates
okr.topicFinance and Financial Sector Development::Access to Finance
okr.unitQuality Assurance Group (QAG)
okr.volume1 of 1
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