Fabrizio, Stefania; Leigh, Daniel; Mody, Ashoka - Directorate-General Economic and Financial Affairs, … - 2009
This paper studies the global trade and financial market integration of the countries in Eastern Europe. The countries … integration. Focusing on the second transition, this paper reaches three conclusions. First, by several metrics, East European and … distinctive—often discredited—model, embracing financial integration with structural change to compensate for appreciating real …