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

Mitra, Pradeep; Selowsky, Marcelo; Zalduendo, Juan

dc.creator	Mitra, Pradeep
dc.creator	Selowsky, Marcelo
dc.creator	Zalduendo, Juan
dc.date	2012-03-19T10:04:43Z
dc.date	2012-03-19T10:04:43Z
dc.date	2010
dc.date.accessioned	2023-02-17T20:40:13Z
dc.date.available	2023-02-17T20:40:13Z
dc.identifier	http://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	978-0-8213-8113-7
dc.identifier	http://hdl.handle.net/10986/2682
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/243071
dc.description	This 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.
dc.language	English
dc.publisher	World Bank
dc.relation	Eastern Europe and Central Asia Flagship
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo
dc.rights	World Bank
dc.subject	ARBITRAGE
dc.subject	ASSET RATIO
dc.subject	BALANCE SHEET
dc.subject	BALANCE SHEETS
dc.subject	BANK EXPOSURE
dc.subject	BANK FOR INTERNATIONAL SETTLEMENTS
dc.subject	BANK REGULATION
dc.subject	BANK RESTRUCTURING
dc.subject	BANK SUPERVISION
dc.subject	BANKING CRISES
dc.subject	BANKING SECTOR
dc.subject	BANKING SECTOR ASSETS
dc.subject	BANKING SECTORS
dc.subject	BANKING SYSTEM
dc.subject	BANKING SYSTEMS
dc.subject	BANKRUPTCY
dc.subject	BENEFICIARIES
dc.subject	BENEFICIARY
dc.subject	BOND SPREADS
dc.subject	BUDGET CONSTRAINTS
dc.subject	BUSINESS CYCLE
dc.subject	CAPACITY CONSTRAINTS
dc.subject	CAPITAL ACCOUNT
dc.subject	CAPITAL ADEQUACY
dc.subject	CAPITAL ADEQUACY RATIOS
dc.subject	CAPITAL FLOWS
dc.subject	CAPITAL INFLOWS
dc.subject	CAPITAL MOVEMENTS
dc.subject	CAPITAL REQUIREMENTS
dc.subject	CENTRAL BANK
dc.subject	CENTRAL BANKS
dc.subject	COLLECTIVE ACTION
dc.subject	CREDIBILITY
dc.subject	CREDIT GROWTH
dc.subject	CREDIT LOSSES
dc.subject	CREDIT MARKET
dc.subject	CREDITORS
dc.subject	CURRENCY COMPOSITION
dc.subject	CURRENCY CRISES
dc.subject	CURRENT ACCOUNT DEFICIT
dc.subject	CURRENT ACCOUNT DEFICITS
dc.subject	CURRENT ACCOUNT SURPLUSES
dc.subject	DEBT
dc.subject	DEBT FINANCING
dc.subject	DEBT RATIOS
dc.subject	DEBT RESTRUCTURING
dc.subject	DEBT SERVICE
dc.subject	DEBTORS
dc.subject	DEMAND FOR CREDIT
dc.subject	DEPOSIT
dc.subject	DEPOSIT INSURANCE
dc.subject	DEPOSIT INSURANCE SCHEMES
dc.subject	DEPOSITORS
dc.subject	DEPOSITS
dc.subject	DEVELOPING COUNTRIES
dc.subject	DEVELOPING COUNTRY
dc.subject	DOMESTIC BANKS
dc.subject	DOMESTIC INTEREST RATES
dc.subject	DOMESTIC MARKET
dc.subject	DURABLE
dc.subject	DURABLE GOODS
dc.subject	ECONOMIC DEVELOPMENTS
dc.subject	EMERGING ECONOMIES
dc.subject	EMERGING ECONOMY
dc.subject	EMERGING MARKET
dc.subject	EMERGING MARKET ECONOMIES
dc.subject	EMERGING MARKETS
dc.subject	EMPLOYMENT
dc.subject	ENTERPRISE PERFORMANCE
dc.subject	EXCHANGE RATE
dc.subject	EXCHANGE RATES
dc.subject	EXPENDITURES
dc.subject	EXPORTERS
dc.subject	EXTERNAL BORROWING
dc.subject	EXTERNAL DEBT
dc.subject	EXTERNAL FUNDING
dc.subject	FINANCIAL CRISES
dc.subject	FINANCIAL CRISIS
dc.subject	FINANCIAL DEEPENING
dc.subject	FINANCIAL INTEGRATION
dc.subject	FINANCIAL MARKETS
dc.subject	FINANCIAL OPENNESS
dc.subject	FINANCIAL STABILITY
dc.subject	FINANCIAL SYSTEM
dc.subject	FINANCIAL SYSTEMS
dc.subject	FINANCING SOURCES
dc.subject	FISCAL DEFICITS
dc.subject	FISCAL POLICY
dc.subject	FLEXIBLE EXCHANGE RATE
dc.subject	FLOATERS
dc.subject	FOREIGN ASSETS
dc.subject	FOREIGN BANK
dc.subject	FOREIGN BANKS
dc.subject	FOREIGN CAPITAL
dc.subject	FOREIGN CURRENCIES
dc.subject	FOREIGN CURRENCY
dc.subject	FOREIGN CURRENCY LOANS
dc.subject	FOREIGN DIRECT INVESTMENT
dc.subject	FOREIGN EXCHANGE
dc.subject	FOREIGN EXCHANGE RESERVES
dc.subject	FOREIGN FINANCIAL INSTITUTIONS
dc.subject	FOREIGN INVESTORS
dc.subject	FOREIGN LENDERS
dc.subject	GLOBAL ECONOMY
dc.subject	GLOBAL FINANCE
dc.subject	GLOBAL MARKETS
dc.subject	GLOBAL TRADE
dc.subject	GLOBALIZATION
dc.subject	HOLDINGS
dc.subject	HOST COUNTRIES
dc.subject	HOST COUNTRY
dc.subject	HOUSING
dc.subject	INCOME LEVELS
dc.subject	INDEBTEDNESS
dc.subject	INFLATION
dc.subject	INFORMAL FINANCE
dc.subject	INSTRUMENT
dc.subject	INTEREST COVERAGE RATIO
dc.subject	INTEREST RATE
dc.subject	INTEREST RATES
dc.subject	INTERNAL FINANCE
dc.subject	INTERNATIONAL BANK
dc.subject	INTERNATIONAL BANKING
dc.subject	INTERNATIONAL FINANCIAL INSTITUTIONS
dc.subject	INTERNATIONAL LENDING
dc.subject	INTERNATIONAL SETTLEMENTS
dc.subject	INVESTMENT BANK
dc.subject	INVESTMENT CLIMATE
dc.subject	JUDICIAL SYSTEM
dc.subject	JUDICIAL SYSTEMS
dc.subject	LABOR MARKETS
dc.subject	LEGAL ENVIRONMENT
dc.subject	LEGAL FRAMEWORK
dc.subject	LEGAL SYSTEM
dc.subject	LEGAL SYSTEMS
dc.subject	LEGISLATION
dc.subject	LENDERS
dc.subject	LIQUID ASSETS
dc.subject	LIQUIDATION
dc.subject	LIQUIDITY
dc.subject	LIQUIDITY PROBLEMS
dc.subject	LIVING STANDARDS
dc.subject	LOAN
dc.subject	LOAN LOSS PROVISIONS
dc.subject	LOAN PORTFOLIO
dc.subject	LOCAL CURRENCY
dc.subject	MACROECONOMIC CRISES
dc.subject	MACROECONOMIC POLICIES
dc.subject	MACROECONOMIC STABILITY
dc.subject	MACROECONOMIC STABILIZATION
dc.subject	MARKET ECONOMIES
dc.subject	MARKET ECONOMY
dc.subject	MARKET RISKS
dc.subject	MARKET STRUCTURE
dc.subject	MATURITIES
dc.subject	MATURITY
dc.subject	MONETARY FUND
dc.subject	MONETARY POLICIES
dc.subject	MONETARY POLICY
dc.subject	MORTGAGE
dc.subject	MORTGAGE INTEREST
dc.subject	MORTGAGE LOANS
dc.subject	MORTGAGES
dc.subject	NATIONAL CREDIT
dc.subject	NATURAL RESOURCES
dc.subject	NONPERFORMING LOANS
dc.subject	OIL PRICES
dc.subject	OPEN ECONOMIES
dc.subject	POLICY RESPONSE
dc.subject	PRIVATE CAPITAL
dc.subject	PRIVATE CREDIT
dc.subject	PRIVATE INVESTMENT
dc.subject	PRIVATE SECTOR CREDIT
dc.subject	PRIVATIZATION
dc.subject	PRODUCTIVITY
dc.subject	PROFITABILITY
dc.subject	PROPERTY RIGHTS
dc.subject	PRUDENTIAL SUPERVISION
dc.subject	PUBLIC DEBT
dc.subject	PUBLIC EXPENDITURES
dc.subject	PUBLIC FINANCES
dc.subject	PURCHASING POWER
dc.subject	REAL EXCHANGE RATE
dc.subject	RECAPITALIZATION
dc.subject	REGULATORY FORBEARANCE
dc.subject	REGULATORY FRAMEWORKS
dc.subject	REMITTANCE
dc.subject	REMITTANCES
dc.subject	REORGANIZATION
dc.subject	RESERVE
dc.subject	RESERVE REQUIREMENTS
dc.subject	RETURN
dc.subject	RETURN ON ASSETS
dc.subject	RETURN ON EQUITY
dc.subject	RISK FACTORS
dc.subject	RULE OF LAW
dc.subject	SAFETY NET
dc.subject	SAFETY NETS
dc.subject	SAVINGS
dc.subject	SHORT-TERM DEBT
dc.subject	SOCIAL SAFETY NETS
dc.subject	SOVEREIGN BOND
dc.subject	STATE ENTERPRISES
dc.subject	SUBSIDIARIES
dc.subject	SUBSIDIARY
dc.subject	SUPERVISORY AGENCY
dc.subject	SUPPLIES OF CREDIT
dc.subject	SUPPLY OF CREDIT
dc.subject	SYSTEMIC BANKING CRISES
dc.subject	TAX
dc.subject	TAX ADMINISTRATION
dc.subject	TOTAL DEBT
dc.subject	TRADING
dc.subject	TRANSITION COUNTRIES
dc.subject	TRANSITION COUNTRY
dc.subject	TRANSITION ECONOMIES
dc.subject	TRANSPORT
dc.subject	TREATY
dc.subject	WITHDRAWAL
dc.subject	WORLD FINANCIAL MARKETS
dc.title	Turmoil at Twenty : Recession, Recovery, and Reform in Central and Eastern Europe and the Former Soviet Union
dc.type	Publications & Research :: Publication
dc.type	Publications & Research :: Publication
dc.coverage	Europe and Central Asia
dc.coverage	Eastern Europe
dc.coverage	Central Asia
dc.coverage	Former Soviet Union