This volume examines one of the major systemic changes in world economic history: the economic transformation in the Central European nations and the former Soviet states. Part I considers the dramatic adjustments in commodity structure and the geographic distribution of trade in these countries, while Part II surveys the sweeping transition of the Central and Eastern European countries' payments systems and the evolution of financial markets, exchange rates, and banking systems. Forms of integration with the global economy and proposed requirements for accession to the European Union are considered in Part III, and Part IV presents a model evaluating the record of structural adjustments in these transforming economies.
The economic transformation in Central and Eastern Europe has been one of the major systemic changes in world economic history. This volume examines the dramatic changes in trade and payment systems in Central European nations and the former Soviet states during the first half of the 1990s. Part I considers the dramatic adjustments in commodity structure and the geographic distribution of trade in these countries, while Part II surveys the sweeping transition of the Central and Eastern European countries' payments systems and the evolution of financial markets, exchange rates, and banking systems. Forms of integration with the global economy and proposed requirements for accession to the European Union are considered in Part III, and Part IV presents a model evaluating the record of structural adjustments in these transforming economies.
The main objective of this volume is to thoroughly cover the latest research advances in international trade and payments among these transforming economies. Written by noted authorities from prominent research centers, the chapters have a predominantly survey character and are supported by sound empirical evidence. Combining empirical research with policy evaluation and recommendations, this volume will serve as a resource for further studies on the economic transformation of the former Soviet bloc countries.
Inhaltsverzeichnis
Illustrations
Preface
International Competitiveness and External Trade
Specialization and Comparative Advantage of Central European Nations by Dominick Salvatore and Sergio Sgarbi
Trade among the Post-Soviet States: Evolution and Policy Issues by Rolf J. Langhammer and Matthias Lü cke
Recent Developments in the Foreign Trade in Russia, 1993-1994 by Rafa/l Antczak
Specialization between Poland and the European Union by Jó zef Misala
Trade Policy in the Czech and Slovak Republics, Hungary and Poland in 1989-1995--A Comparison by J=anos G=acs
Reforms of Currency and Payments Systems
Exchange Rate Policies in Transforming Economies of Central Europe by Lucjan T. Orlowski
The Reasons for the Collapse of the Ruble Zone by Marek D, abrowski
Financial Market Reform in Eastern Europe by Gerhard Fink and Peter R. Haiss
Banking Reform in the Successor States of the Former Soviet Union by Claudia M. Buch
Integration with the European Union and with the Global Economy
CEFTA: A Free Trade Zone in Central Europe? by Gabor Bakos
Transformation, Endogenous Growth, and the New East's Global Integration by Jozef M. van Brabant
Conditions for the Accession of Transforming Economies of Central Europe to the European Union by Daniel Gros
Poland's Association with the European Communities: Challenges and Opportunities by El:zbieta Kawecka-Wyrzykowska
Integration of the Baltic States with Europe by Klaus Schrader
The Record on Structural Adjustment
Economic Reform and Structural Adjustment in East European Industry by Eduardo Borensztein and Jonathan D. Ostry
Index
