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Vulnerabilities in Emerging Southeastern Europe--How Much Cause for Concern?

Vulnerabilities in Emerging Southeastern Europe--How Much Cause for Concern? by International Monetary Fund
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While large inflows of capital into Southeastern Europe (SEE) have raised incomes, this has increased vulnerability to financial risks, which, if realized, can lead to costly adjustments. Traditional vulnerability indicators in SEE have reached levels that in other countries have not been sustainable, and sectoral analysis shows rising imbalances and raises questions about efficient use of the inflows. While factors related to EU integration mitigate these vulnerabilities, weaker institutions reduce these benefits in SEE compared to more advanced European emerging markets. To insure against setbacks to income convergence, SEE policymakers should take measures to reverse the buildup of vulnerabilities.
International Monetary Fund; October 2007
44 pages; ISBN 9781452744056
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Title: Vulnerabilities in Emerging Southeastern Europe--How Much Cause for Concern?
Author: International Monetary Fund
 
ISBNs
1451912536
9781451868005
9781451912531
9781452744056