The Long-Term Impact of Brexit on the European Union

2019-03-13T15:25:22-04:00August 10, 2018|

By Jiaqian Chen, Christian Ebeke, Li Lin, Haonan Qu, and Jesse Siminitz

August 10, 2018

Versions in EspañolFrançaisPortuguês

A container ship entering the Port of Marseille, France: The UK is among the European Union’s largest trading partners, accounting for about 13 percent of its trade in goods and services (photo: Gerard Bottino/Newscom)

When the United Kingdom leaves the European Union, higher barriers […]

Emigration Slows Eastern Europe’s Catch Up With the West

2019-03-26T17:13:31-04:00July 20, 2016|

By Nadeem Ilahi, Anna Ilyina, and Daria Zakharova
 
(Versions in: Bulgarian, Czech, Estonian, Hungarian, Latvian, Lithuanian, Polish, Romanian, Russian, Serbian, and Slovenian)
 

The opening up of Eastern Europe to the rest of the world in the early 1990s brought about tremendous benefits. The inflow of capital and innovation has led to better institutions, better economic management, and higher efficiency. On the flip side, it has also led to sizable and persistent outflow of people.

[…]

Central, Eastern, and South-Eastern Europe: Safeguarding the Recovery as the Global Liquidity Tide Recedes

2017-04-14T02:02:04-04:00April 29, 2014|

By Reza Moghadam, Aasim M. Husain, and Anna Ilyina

(Version in Türk)

Growth is gathering momentum in most of Central, Eastern, and South-Eastern Europe (CESEE) in the wake of the recovery in the euro area. Excluding the largest economies—Russia and Turkey—the IMF’s latest Regional Economic Issues report  projects the region to grow 2.3 percent in 2014, almost twice last year’s pace. This is certainly good news.

Figure 1

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The Ties That Bond Us: What Demand For Government Debt Can Tell Us About the Risks Ahead

2017-04-15T14:00:03-04:00January 17, 2013|

It has become apparent in recent years is that advanced economy government bond markets can also experience investor outflows, and associated runs. Our new research shows that advanced economies’ exposure to refinancing risk and changes in government borrowing costs depend mainly on who is holding the bonds— the demand side for government debt. Tracking who owns what, when and for how long can shed some light on potential risks in advanced economies’ government debt markets.

Lost & Found in Eastern Europe: Replacing Funding by Western Europe’s Banks

2017-04-15T14:07:03-04:00June 13, 2012|

There is little doubt the era of generous funding from Western Europe's banks to their subsidiaries in the East is over, but this doens't have to translate into a reduction of bank credit in the emerging economies of Europe. The IMF's latest analysis shows an increase in local deposits in most countries of the region has offset the withdrawal of funding from Western Europe.
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