Growth is likely to remain modest in the region through end-2011. The following four factors are likely to constrain real GDP growth: weak external demand, slow or reversing improvements in competitivenes, fiscal tightening, slow recovery in bank lending.
These four constraints do not apply to all countries. In an environment of abundant [...]
Posted on June 17th, 2010
This paper provides a survey of the theoretical and empirical literature on the dollarisation of corporate and household liabilities; presents evidence on the causes of FX lending specifically in transition economies; and proposes a set of criteria to help decide on the right policy response based on country characteristics. These criteria particularly affect [...]
Posted on May 19th, 2010
The Financial Report 2009 includes the approved and audited financial statements required to be submitted under Article 27 of the Agreement Establishing the European Bank for Reconstruction and Development and Section 13 of its By-Laws. It also contains a separate statement on the Special Funds resources, in accordance with Article 10 of the [...]
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