The aim of this UACES study group is to analyse a specific set of macroeconomic policies in selected Eastern European countries not covered by the current EU Enlargement process. Specifically, the aim is to concentrate on the major CIS (Community of Independent States) countries: Belarus,...

Over the past five years, substantial experience with money market operations by the Eurosystem has been gained. Moreover, from March 2004, further important changes to the Eurosystem's framework for monetary policy implementation have come into effect. In light of these changes, and given the...

Globalization has substantially increased the flow of private capital available to emerging markets compared with official flows from multilateral institutions. Countries that pursue sound polices will attract large capital inflows, but those that do not will suffer net capital outflows. This...